Intersection Of High-Grade Near-Surface Gold At Fondaway Canyon

VANCOUVER – Getchell Gold Corp. reported on the first two drill holes of the 2025 drill program, FCG25-29 and FCG25-30, at the Company’s 100% owned, advanced exploration stage, Fondaway Canyon gold project in Nevada.

FCG25-29 intersected high-grade mineralization 25m below surface consisting of: 1) 2.1 g/t Au over 58.7 m, including 13.7 g/t Au over 3.3 m. 2) FCG25-30 intersected 1.1 g/t Au over 55.8 m, extending the Colorado SW zone 50m up-dip to the NE and 40m along strike to the East. 3) The Colorado SW zone remains open for further expansion.

“These first two holes continue to demonstrate the consistency and continuity of gold mineralization at Fondaway Canyon. The results deliver an excellent start to the 2025 drill program, and I look forward with anticipation as we continue to step out from prior years’ resource drilling,” said Mike Sieb, President.

Drill holes FCG25-29 and FCG25-30 were stationed on the same drill pad in the historic Colorado Pit, a site that experienced small scale mining in the 1970s and 80s. The drill holes were designed to test the extent and orientation of the near-surface high-grade mineralization and the up-dip extension of the Colorado SW zone towards the surface respectively.

Both holes demonstrate excellent consistency and thickness of gold mineralization of the modelled target areas, that remain open for further expansion.

FCG25-29 specifically tested the immediate area adjacent to and below the Colorado Pit in an area where shallow historic legacy drilling outlined a high-grade gold zone. FCG25-29 successfully intersected high-grade mineralization 25m below surface consisting of 2.1 g/t Au over 58.7 m, that included 13.7 g/t Au over 3.3 m.

FCG25-29 indicated a greater depth extent of gold mineralization than previously delineated and supports the model that mineralization exposed at surface may vertically extend down and connect to the lower Colorado SW zone. Additional drilling is required to test the vertical and lateral extent of this high-grade zone extending from surface at the Colorado Pit.

Drill hole FCG25-30 was designed to test the up-dip continuation of the Colorado SW zone closer to surface than previously tested.

FCG25-30 intersected 1.1 g/t Au over 55.8 m on plane with the projected geometry of the Colorado SW Zone and represents an accretive 50m step-out up-dip towards the northeast and 40m step-out along strike to the East.

The Company can now confidently trace the Colorado SW mineralization zone for over 400m on section, with the mineralization remaining open both up and down dip, and fully along strike.

An initial 10-hole 3,000-metre (10,000 foot) drill program is well underway and on track for completion by the end of October. The drill program is designed extend the mineralization both along strike and dip, with the goal to expand the mineral resource, enlarge the open-pit model, and significantly enhance the Project’s overall value.

These first two drill holes mark the completion of testing the near-surface high-grade mineralization associated with the Colorado Pit and the up-dip component of the Colorado SW Zone. The encouraging results reported today and the potential to further extend the gold mineralization fully support future drill campaigns in this target area.

Upon completion of the first two holes, the drill moved to the base of the canyon and changed target area to the testing of the down-dip extension of the Colorado SW zone with two drill holes, FCG25-31 and 32. Assay results for these drill holes are pending and will be released upon receipt.

The drill is currently focused on a series of holes, stationed at the base of the West Pit (Figure 2), targeting the mineralized horizon between the Colorado SW and North Fork zones. This area has experienced very limited historical drilling, is situated within the mineral resource pit shell, and is open for in-pit mineral resource expansion.