O’Brien Gold Project Exploration Drill Program

ROUYN-NORANDA - Radisson Mining Resources Inc. reported significant high-grade gold intercepts from the ongoing 130,000 m exploration drill program at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. Significant intercepts from exploration drilling along trend #0 (approximately 300 m gap between the old O’Brien Mine and currently modeled resources along trend #1: 1) 59.79 g/t over 3.00 m including 173.50 g/t over 1.00 m (OB-21-235). 2) 9.43 g/t over 3.00 m including 16.30 g/t over 1.00 m (OB-21-231). 3) 13.55 g/t over 2.00 m (vertical depth of 620 m) including 53.00 g/t over 0.50 m (OB-21-247), representing the deepest high-grade intercept in this sector from the ongoing drill program. 4) 8.71 g/t over 2.05 m including 17.00 g/t over 1.05 m (OB-21-249).

Modeled resources in the area are mostly limited to within 240 m of surface. New and previously released results (including 92.89 g/t over 2.60 m, 47.10 g/t over 2.60 m, 10.87 g/t Au over 3.15 m and 14.90 g/t over 8.20 m) demonstrate continuity of high-grade mineralization in the area down to a vertical depth of 620 m and up to 140 m west of currently modeled resources along trend #1. Results are pending for approximately 9 additional holes drilled in this sector, with visible gold showings in 5 of those holes. Of particular interest are the results from a deep directional drilling program, comprising one pilot hole and 7 branches, to test the depth extent of mineralization in this sector down to more than 800 m from surface (up to 200 m below the extent of previous drilling). All of these holes intersected targeted structures including visible gold occurrences in four holes. Note: 130,000 m drill program underway at O’Brien; 119,800 m (231 holes) completed as of February 13, 2022 with results pending for 25,500 m in 55 holes of which 24 holes intersected visible gold; and Cash balance of approx. $9.0M currently.

“Results from the ongoing program highlight the significant high-grade potential along trend #0, which represents the approximately 300 m gap between current resources in trend #1 and historically mined zones at the old O’Brien Mine. This area was never meaningfully drilled prior to the current program, as a result of which its resource contribution is limited and mostly within 240 m from surface. This area became a key focus of our drill program last year, with drill results to date demonstrating the continuity of high-grade mineralization down to more than 600 m depth. Drill results to date from this sector have been very impressive, with 26 holes published, including 14 intercepts returning grades of over 5 g/t and 6 intercepts returning grades of over 10 g/t. We look forward to obtaining results for an additional 9 holes, of which 5 intersected visible gold. This includes results from our first directional drill program comprising one pilot hole and seven branches, drilled to test the depth extent of mineralization down to 800 m or up to 200 m below the limits of previous drilling.

Overall, results from our ongoing 130,000 m drill program continue to impress with 176 holes published so far including 130 intercepts grading over 5 g/t and 55 intercepts grading over 10 g/t. In addition, results are pending from 55 holes to the east of the O’Brien Mine of which 24 holes have visible gold occurrences. We are also currently drilling some of our most promising deep targets below previously encountered mineralization in trend #1 and #2. We look forward to building momentum with significant news flow in the weeks and months ahead as these results become available,” said, Rahul Paul, President and Chief Executive Officer.