Extension Of Gold And Copper Mineralization At CK Gold Project Open Pit

CHEYENNE, WY - U.S. Gold Corp. has extended mineralization 700 feet below the proposed open pit, following receipt of assay results from three additional drill holes completed during the 2021 field season. The Company continues to be encouraged by the positive results from its confirmatory and expansion drilling.

Kevin Francis, V.P. Exploration and Technical Services, said, "The primary purpose of the 2021 drill program was to support feasibility study level hydrology and geotechnical studies. Nonetheless, CK21-12rc/c, a combination reverse circulation and core hole, CK21-14c and CK21-03c were also exploratory. These holes have discovered future mineral resource expansion potential at depth below the proposed open pit and to the southeast of the proposed pit. While we know that there are additional mineralization requiring further exploration expenditures, our priority is to realize the value of the commercially attractive gold-copper project identified in our prefeasibility study. We remain on track to complete the permit to mine application, which will be led by the Wyoming Department of Environmental Quality."