Additional High Grade Assets From The Moosehead Project

ST. JOHN'S, NL - Sokoman Minerals Corp. reported additional high-grade assays from the Moosehead Project including multiple holes from the expanding 75 Zone which has now been essentially linked with the main Eastern Trend/Footwall Splay mineralization. In addition, MH-22-418, completed this week (assays pending) has intersected the deepest occurrence of visible gold to date on the property at a downhole depth of 352 m in a step-out below the current limit of mineralization in the Eastern Trend.

Assay highlights include: MH-22-392 - 2.35 m of 25.58 g/t Au from 72.65 m downhole (75 Zone); MH-22-385 - 4.29 m of 14.56 g/t Au from 11.15 m downhole (Upper Eastern Trend); MH-22-366 - 1.40 m of 133.94 g/t Au from 34.95 m downhole (75 Zone); and MH-22-359 - 1.00 m of 95.03 g/t Au from 19.44 m downhole (75 Zone).

Tim Froude, President, and CEO, said, "We are pleased to be reporting results from some of the first holes from the 2022 program and to announce that the barge drill rig is back in the water and ready for an extensive 2022 campaign. We are also pleased to report that the first reconnaissance drilling in the southern half of the property, 2 km southwest of the main mineralized trends at Moosehead, and designed to test the Valentine Lake structural corridor, has returned significant gold values. Holes MH-22-379, 383, 386, 389 and 395, a five-hole fence centered roughly on the inferred location of the Valentine Lake corridor, all intersected mineralization with the best results from hole MH-22-379, that was drilled in the center of the five-hole fence. More drilling is planned for this area over the course of the summer.

Most gratifyingly we note that drilling in the 75 Zone area, including assays reported today from holes MH-359, 366, and 392, has closed the gap between the 75 Zone and the Eastern Trend/Footwall Splay mineralization to approximately 50 m. Holes MH-22-359, 366, and 392 all returned excellent grades in the upper portions of the 75 Zone consistent with earlier results from the Footwall Splay, and we now believe the 75 Zone and the Footwall Splay are connected and splay off of the main Eastern Trend."

The two land-based drills that are testing the northern and depth extensions of the Eastern Trend have intersected strong mineralized zones including significant quartz +/- sulphide (boulangerite, sphalerite, pyrite) veining with the deepest cut yet containing visible gold (9 specks of visible gold) within a 5 m - 10 m section of MH-22-418 at 352 m down hole (302 m downdip from surface), which is 50 m deeper than any previous high-grade intersection.

In addition, results have been received for a fence of five holes which tested the Valentine Lake Shear Zone 1.5 km southwest of any previous drilling near a 54 grain, gold-in-till anomaly, returning multiple zones of low-grade mineralization, similar to mineralization recently reported close to the southern claim boundary by K9 Gold. The K9 Gold drilling is focused about 2 km southwest of, and directly on trend with our five-hole fence which highlights the prospectivity of the Valentine Lake Shear system on the Moosehead property. Diamond drill hole MH-22-379, the middle hole of the five-hole fence, cut a 5.0 m section assaying 0.73 g/t Au including 2.70 m of 1.10 g/t Au in veined / sulphide-rich mafic volcanic rocks similar to the geological setting at the K9 property. Recently reported gold mineralization in MH-21-344 (2.27 g/t Au over 4.0 m including 9.70 g/t Au over 0.50 m), located 1.5 km northeast of hole MH-22-379 clearly demonstrates the potential for locally higher grades along this largely untested section of the property. MH-22-362 and 367, immediately east of MH-21-344, further support the presence of a possibly significant mineralized system independent of the currently known zones. Additional drilling will be carried out in the area as part of the summer program.

The Moosehead Project has five zones of open-ended gold mineralization focused around the Eastern Trend in the central portion of the property with mineralization defined over a 600 m strike length and over a 300 m downdip. The Company is well funded with more than $12 million in the treasury, with $6 Million earmarked to complete the ongoing 100,000 m drilling program at Moosehead where 48,000 m remains to be drilled. The 2022 drill program will focus on extending the zones of high-grade gold along strike and to depth and will also test the emerging potential of the rest of the property.