RC Gold Project 2022 Diamond Drill Program Completed

VANCOUVER - Sitka Gold Corp. reported on the 2022 diamond drill program completed at the district-scale RC Gold Project, a 376 square kilometer contiguous land package with year-round road access located in the heart of Yukon's Tombstone Gold Belt (TGB).

Cor Coe, P.Geo., CEO and Director, said, "The 2022 step-out drilling at RC Gold was extremely rewarding for Sitka with the results of these latest drill holes highlighting the tremendous potential of the Blackjack zone, which was just discovered in December, 2021. DDRCCC-22-040 is one of the best holes we have drilled to date at RC Gold with the entire 201.0 meter length averaging 1.26 g/t gold including 82.0 m grading 2.04 g/t gold and 19.5 m of 4.87 g/t Au from the casing at surface. Several other impressive intervals including 2 meters of 31.20 g/t gold were encountered throughout the hole which also contained visible gold. Our winter and summer diamond drilling programs last year were successful in demonstrating the continuity of strong and persistent gold mineralization throughout the Blackjack zone, which remains open in all directions. With the potential to also link gold mineralization for up to 2 kilometers across both the Saddle and Eiger Zones, we are eager to aggressively add potential tonnage and unlock additional value with continued exploration at our quickly evolving, district scale and road accessible RC Gold Project."

Drilling to date at the RC Gold Project has produced long intercepts with significant gold grades, as highlighted by Hole 40, and has confirmed the continuity of significant and persistent gold mineralization within the Blackjack zone to surface, which remains open in all directions and demonstrates significantly higher grades of gold mineralization within the intrusion host rock. The majority of drilling to date at RC Gold was designed to provide the spatial requirements necessary to estimate an initial resource.

The Company is planning a two part, winter and summer drilling program totaling 10,000 meters of diamond drilling at RC Gold for 2023 focused primarily in the Blackjack, Saddle and Eiger zone areas.