Goose Gold Project Maiden Drill Program Completed

VANCOUVER - Spearmint Resources Inc. reported that the maiden drill program has now been completed on the Goose Gold Project. Four diamond drill holes (DDH) were located and drilled for a total 677 meters of drilling completed. The 2022 Drill program was designed to test targets identified along a major NE-trending magnetic lineament and several narrow, magnetic trends that also contained overlapping geochemical anomalies. These targets were generated as a result of the phase one program completed in 2021.

The 2022 diamond drilling program identified multiple mineralized and altered fault zones. All DDH holes completed on the Goose Gold property have intersected faulting and shearing zones consisting of graphitic shale alteration and containing multiple generations of quartz veining and stockwork. Several generations of quartz carbonate veins were observed to contain sulfide mineralization including boulangerite, chalcopyrite and arsenopyrite. Minor vuggy quartz veining with stylolitic textures were noted to be present in multiple segments of core within each hole drilled.

James Nelson, President, said, "We are pleased to have now completed the much-anticipated maiden drill program on our Goose Gold Project. We look forward to receiving the drill results. Spearmint also recently announced a major upgrade to our resource estimate in Nevada on our McGee Lithium Clay Deposit, having more than doubled the previous amount of lithium carbonate equivalent (LCE) to 1,369,000 indicated tonnes and 723,000 inferred tonnes of LCE for a total of 2,092,000 tonnes of LCE. We feel the second half of 2022 could have a significant impact for our shareholders."