Drill Program On The County Line Open Pit

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported additional wide, high-grade County Line gold intervals. Intercepts include 6.10 meters grading 3.11 grams per tonne gold (g/t) within 16.76 meters grading 1.60 g/t gold, and 3.05 meters grading 3.29 g/t gold within 19.81 meters grading 1.38 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield. The recent drill program completed during the fourth quarter of 2022 focused on the historic County Line open pit floor and periphery. These sixteen holes build on the August and November 2022 County Line drill results which intercepts included 15.24 meters grading 7.66 g/t gold and 7.62 meters grading 10.71 g/t gold.

County Line is located approximately 26 kilometers northwest of the Company's operating flagship Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets delineation of sufficient mineralization to justify potential ore feed for its Isabella Pearl operation. The proximity of the two properties could enable trucking ore from the County Line property to the Isabella Pearl Project's heap leach pad for gold processing.

"These latest drill results continue to demonstrate thick intervals of gold mineralization near surface at County Line," said Barry Devlin, Vice President of Exploration. "We are currently modeling the mineralization for tons, grade and mineral resource delineation and expect to produce a maiden resource estimate during the first quarter of 2023. These drill results focused on the northern and eastern portions of the historic County Line open pit. We plan additional drilling at County Line for the first quarter of 2023, as we see potential to expand and extend mineralization to the north, east and southern directions."

"2022 County Line drill results have exceeded our expectations," commented Jason Reid, CEO and President. "We are eyeing our first resource estimate so that we are better positioned to move towards a County Line production decision in the shortest timeframe possible."