Bonanza And High-Grade Gold From Elizabeth Drilling Results

PERTH, AUS - Tempus Resources Ltd reported on Elizabeth Gold Project drill assay results in Southern British Columbia. The seven drill-holes announced today are the final assays from the 2022 drill program and include intersections of No. 9 Vein (EZ-22-23, EZ-22-26, EZ-22-28, EZ-22-35, EZ-22-36), Blue Vein (EZ-22-34, EZ-22-35, EZ-22-36), and the West HW Vein (EZ-22-24).

President and CEO, Jason Bahnsen, commented, "The final drilling results from the 2022 drilling program released today provide further evidence of the extension of the high-grade gold zone associated with the No. 9 Vein to over 250 meters and the Blue Vein to over 285 meters. In addition, we are extremely pleased to announce the potential discovery of a new vein set located midway between the SW Vein and the West Vein evidenced by drill hole EZ-22-24 that intersected high-grade gold, 14.3g/t over 1.10 meters."

The No. 9 vein is a vein for which its northeastern extent was mapped and initially explored via an underground adit in the early 1940's and was subject to a limited amount of historic drilling in the 1980s. During the 2022 drill program, Tempus completed 10 drill-holes targeting a potential strike extension from the historical workings to the southwest. Several of the No. 9 Vein drill-holes intersected wide zones of quartz veining including 3 drill-holes reporting the presence of visible gold.

Drill-hole EZ-22-28 is the most northern hole drilled on the No. 9 Vein in 2022. On 26 September 2022, Tempus announced that visible gold was observed in multiple locations over approximately two meters of the drill core. Assays for EZ-22-28 confirmed the presence of high-grade gold mineralization with an intersection of 5.2g/t gold over 6.60 meters from 214.10 meters including a subsection with "Bonanza" grades of up to 35.0g/t gold over 1.63 meters from 216.75 meters.

Drill-hole EZ-22-23, located approximately 40 meters south of EZ-22-28, returned wide zones of high-grade mineralization including 5.6g/t gold over 13.70 meters from 141.1 meters, including 5.4g/t gold over 0.70 meters from 144.00 meters, and 24.0g/t gold over 2.78 meters from 152.02 meters.

Drill-hole EZ-22-26 intersected 1.4g/t gold over 3.79 meters from 173.09 meters. Drill-holes EZ-22-35 and EZ-22-36 are located in the southern strike extension zone of the No. 9 Vein and the Blue Vein.  Drill-hole EZ-22-35 intersected the No. 9 Vein and the Blue Vein. The EZ-22-35 No.9 Vein intersection assayed 9.5g/t gold over 1.28 meters from 129.18 meters. Drill-hole EZ-22-36 intersected the No. 9 Vein and the Blue Vein. The EZ-22-36 intersected the No. 9 Vein assaying 0.5 g/t gold over 1.17 meters of quartz veining from 173.09 meters.

The No. 9 Vein assays, bonanza and high-grade gold mineralization has now been demonstrated over a strike length of more than 250 meters.

Blue Vein Assay Results: Drill-holes EZ-22-34, EZ-22-35 and EZ-22-36 (released today) extend the high-grade mineralization zone within the Blue Vein to over 285 meters. The drill-holes intersected multiple zones of bonanza and high-grade gold mineralization including EZ-22-35 with 3.9g/t gold over 1.57 meters from 194.32m (including a sub-section of 35.2g/t gold over 0.17 meters) and EZ-22-36 with 24.0g/t gold over 0.25 meters. Drill-hole EZ-22-24 intersected a potential new vein set located approximately 120 meters east of the SW Vein approximately midpoint between the SW Vein and the West Vein. Assays for drill-hole EZ-22-24 included 14.3g/t gold over 1.10 meters from 82.90 meters.