Exploration Program At Mycroft Mine Continues To Provide Positive Results

WINNEMUCCA, NV - Hycroft Mining Holding Corporation reported on the additional drill results from its 2022-2023 exploration program at the Hycroft Mine in Northern Nevada. Hole H22R-5671 drilled in Brimstone returned very exciting results with multiple intercepts extending high-grade gold mineralization both north and up dip of the known high-grade zones. The high-grade silver Vortex zone continues to deliver positive results with Hole H22R-5670 returning two significant intercepts demonstrating mineralization continues south along the East Fault.

Alex Davidson, Vice President, Exploration, said, "The initial drilling campaign has focused on higher-grade opportunities primarily in the Brimstone, Vortex, and Central zones. All 20 RC drill holes reported to date have returned ore grade mineralization, of which 14 holes have outperformed the model resulting in higher grades than previously estimated or known. The results to date are very exciting as we established continuity between the higher-grade zones along structures. In addition, we continue to enhance the project economics through in-fill drilling that have demonstrated mineralization in areas previously considered to be waste.

Drilling in the Central zone is delivering ore grade mineralization where none was previously modeled.  The grades we are seeing in the Central zone are more than double the average resource grade and extends mineralization farther south than previously understood."

Diane R. Garrett, President & CEO, said, "We continue to be extremely pleased with the positive results from our exploration program. The second phase of the drill program will continue through the first half of 2023. Once permits are received, we will be stepping out beyond the known resource area and drilling prospective high-grade targets identified within our vast land position."