Successful Intersections At The Colorado SW Gold Zone

VANCOUVER - Getchell Gold Corp. reported that drill holes successfully intersected and extended the Colorado SW gold mineralization at the Fondaway Canyon gold project in Nevada. Key highlights: FCG22-20: intersected four significant gold mineralized intervals starting from surface including 1.7 g/t Au over 56.6 m extending Colorado SW 35 meters up-dip and remains open to the east; FCG22-21: 0.9 g/t Au over 74.3 m extends Colorado SW zone 50 meters along strike and remains open to the west; Six additional holes completed with assays pending; Drilling ongoing to expand the Colorado SW zone; and The Fondaway Canyon Mineral Resources Estimate is on track.

"The latest gold assays from drilling have continued our successful extension of the Colorado SW zone that remains well mineralized and open for further expansion." said, Mike Sieb, President. "We look forward to receiving additional assay results from the ongoing 2022 drill program as well as the Company's first Mineral Resources Estimate for the Fondaway Canyon gold project”

Drill hole FCG22-20, the fourth drill hole of the 2022 drill program at Fondaway Canyon, was drilled vertically from the Colorado Pit, a site of small-scale mining during the 1980s, and was designed to test the up-dip extension of the Colorado SW mineralization. FCG22-20 intersected four significant gold mineralized intervals starting from surface including a major interval grading 1.7 g/t Au over 56.6 m from 160.4 to 217.0 m down hole. This interval represents a 35 meter step out to the east with the Colorado SW zone remaining open and untested to the east and northeast.

Drill hole FCG22-21 was drilled north, from a drill pad partway up the north slope, to extend the Colorado SW zone along strike from the broad intervals of gold mineralization encountered by hole FCG21-08 and FCG20-02 that returned 1.6 g/t Au over 167.3 m and 1.9 g/t Au over 43.5 m respectively. FCG22-21 intersected a significant interval of gold mineralization grading 0.9 g/t Au over 74.3 m from 191.7 to 266.0 m down hole, representing a 50 meter step out to the north-northwest from previous drilling. The Colorado SW zone remains open and untested to the north and west from this drill hole. Overall, the Colorado SW zone remains open for expansion in most directions both along strike as well as up and down dip.

Eleven holes have been completed (FCG22-17 to FCG22-27) during the 2022 drill program totaling 4,200 meters at Fondaway Canyon. Assay results have been released for five of those holes (FCG22-17 to FCG21) and assays are pending for holes FCG22-22 through FCG22-27.

Holes FCG22-17, 18, 19, 22, 23, and 25 were designed as step outs to test the extent of the North Fork mineralization encountered in hole FCG21-16 that graded 6.3 g/t Au over 50.7 m. Holes FCG 22, 23, and 25 were additionally designed as step outs to test the extent of the lower North Fork gold zone discovered in FCG22-18 that graded 1.9 g/t Au over 72.6 m. The results from holes FCG22-17 to 19 have been previously released with all three holes reporting substantial gold intervals that successfully extended the North Fork zone.