Permit Received For Drilling At The Black Rock Property

VANCOUVER - Visionary Gold Corp. has completed a three-hole, 550 meter (m) follow-up drill program at its Wolf Gold Project and has made significant progress in its regional exploration program, resulting in the identification and permitting of two new drill targets at its Black Rock Property, which is now permitted for drilling. The new drill target called the King Solomon Prospect was confirmed by a recently completed magnetic and Induced Polarization Geophysical survey (IP Survey) over a surface gold, copper and zinc occurrence, identified during Visionary's 2021 exploration program. The IP Survey indicated a low electrical resistivity, high electrical chargeability response over a 300 m by 900 m subsurface structure, indicating a possible connection between sulfide minerals at depth and surface mineralization. The King Solomon Prospect is located 3 kilometers ("km") west of Visionary's previously announced discovery of copper-gold mineralization at Black Rock and is a part of the same contiguous property package.

CEO, Wes Adams, said, "We are excited to explore Black Rock after successfully completing an additional three holes at our Wolf Gold Project. We expect to begin drilling at Black Rock and King Solomon this week and will continue to advance our geophysical investigation of surface gold and copper occurrences regionally as we wait for results from Wolf and for final permits for Lewiston-Miz.”

During the 2022 field season, Visionary completed approximately 90 square kms of ground based magnetic surveys at Lewiston-Miz, Wolf, Black Rock, King Solomon and Anderson Ridge to identify subsurface structures possibly related to surface mineralization identified through surface sampling. Additionally, Visionary completed 20 km of IP Surveys at Wolf, Black Rock, King Solomon and has just commenced a survey of the Tin Cup Property ("Tin Cup") to better understand the potential for subsurface copper and gold mineralization. At Tin Cup, a surface soil sampling grid has been completed, which will help define the extent of surface mineralization discovered in rock chip samples during the 2021 and 2022 field seasons. Results from these surveys are being analyzed and significant findings will be followed up with detailed mapping, sampling, and drilling. The Company has now drilled 7 of the 27 holes permitted at Wolf in 2021 and plans to drill at least 3 of the 6 holes permitted at Black Rock/King Solomon in 2022. In addition, permit applications for an additional 38 holes at the Lewiston-Miz and Wind Hill are in the final stages of approval and are expected to be issued soon.

The ground magnetic survey was undertaken on a prescribed grid with line spacing 100 m apart collecting continuous data along the lines using a Geometrics G-859 magnetometer rover system with a G-857 base station. IP data was collected initially with a 25 m spaced dipole-dipole and then with 50 m and 100 m dipole spaced dipole-dipole setup. Soil samples were collected by hand using long nosed shovels from C horizon soils where possible. Approximately 0.5 kilograms of soil sample was collected; organic material and gravel were removed from the sample. Samples were shipped direct to ALS Geochemistry's preparation laboratory in Elko, NV. Soils were then dried at 60 degrees Celsius and sieved to 180 microns (80 mesh). Twenty-five grams of sample is digested with Aqua Regia and analyzed by ICP-MS. Multielement analysis was carried out by ALS Geochemistry of Reno, NV (Code: AuME-ST43), a super trace multielement package that analyzes for 53 elements including Au, platinum and palladium.