Beauce Gold Fields presented its 2022 sonic drill results on its Ditton Gold project located near the town of Chartierville in southern Quebec. All four holes drilled into the paleoplacer channel contained grains of gold. Notable was hole F-22-10 at 3.36 grams per cubic meter (g/m3) of tertiary placer gold at a depth of 15 meters from the floor of the Landry quarry.

The objective of the 2022 exploration program was to locate the preglacial channel using seismic refraction surveys and to drill the indicated depths to bedrock with sonic drilling to eventually locate virgin overburden gravel layers with economic placer gold grades. A second objective was to gain geological data to explore the lode gold source of the gold placers. The seismic survey, conducted last July 2022 by Geophysics GPR International of Longueuil Inc., utilized instruments capable of locating narrow depressions or faults and identifying old channels.

All significant depths suggested by the survey were tested through drilling. The Company discovered oxidized brown clayey gravel intercepted by holes F-22-01 and F-22-10. Additionally, iron-tinged gravel was found on a highly sheared bedrock horizon in the Blais Quarry, which is interpreted as a preglacial channel.

This gravel unit is estimated to be approximately 3 meters thick. The objective of the 2023 work will be to measure the thickness of this deposit more accurately through bulk sampling in the operational quarries. TYPE 1: TERTIARY (Boreholes F-22-01, F-22-10, and the Blais Quarry) The Tertiary material is still on the bedrock surface and typically buried beneath the quaternary cover (till).

Certain topographical conditions, such as deep trenches (Bella Fault) or mountain ranges (Mont Mégantic), which acted as barriers to ice flow, may have facilitated local preservation. The bedrock under the Blais Quarry primarily consists of sheared basalt with a sub- vertical dip or numerous cracks of various sizes filled with products of tertiary weathering (oxidized and compact gravel). These factors combined strongly suggest the presence of intact tertiary materials at the bottom of certain valleys in the Ditton area, where their gold potential is likely to be highest.

This material would be interpreted as pre-Lennoxville sediment. Drill hole F-22-10 intercepted a grain of gold weighing 13.7 mg and measuring over 2.5 mm in length between 80 and 85' (24.4m-25.9m). Drilling was stopped in rock between 85-90' (25.9-27.4m) due to broken drill rods in the fractured rock.

The material containing the mineralization is considered to be clayey gravel underlain by sheared basalt. Drilling F-22-10 also intercepted a gold-bearing clay gravel between 50 and 55' near the surface of the fractured rock under the Landry Quarry. Type 2: Recent Quaternary (F-22-04, F-22-05, F-22-06) On the other hand, the recent Quaternary type consists of unconsolidated deposits resulting from glaciations.

The first mechanism involves the massive or partial remobilization of a Tertiary placer deposit and the dispersion of its auriferous content into the Quaternary tills during ice flow. This includes drill holes F-22-04, F-22-06 and F-22-06, where gold particles were found in oxidized brown till. McDonald (1965) discovered a similar deposit north of the Ditton area in highly weathered and oxidized till.

This till is considered the second member of the Lennoxville till. Next, the gold content in the riverbeds that cut through these tills is re-concentrated. The majority of known gold placer showings in the Eastern Townships occur when a contemporary stream or river intersects a sub-outcropping Tertiary placer, releasing and redepositing its gold content at a short distance The sampled drill cores were treated using gravity separation to test for gold.

They were processed at ExploLab in Val D'Or, Quebec. The weight of each core sample varied between 20-25 kg each. The first treatment was a wet classification on Sweco (9.5 mm) sieving to remove the blocks and pebbles.

Afterwards, the samples were submitted to the Errol automatic sieve shaker, with three sieves or two sieves depending on the volume of the samples once the pebbles were removed. At the third sieve, a classification at 2 mm, 1 mm and less. At 425 microns or two sieves or 2mm and 1mm.

Material less than 1mm or 425 microns was then subjected to a gravimetric concentration on a Wilfley's table or Gold Wheeel. Once the concentrate has been extracted from the sample, the sample is subjected to drying in an oven for 24 hours and is weighed dry. Under a binocular, gold grains are removed from the concentrates.

The sample was then sent to MSALABS in Langley, BC, to assay for fine gold particles or non-visible gold. The results of the lab assays and the weighted gold per sample were combined to obtain indicative grades in grams per cubic meter. The Company will conduct exploration work this summer and fall to follow up on the drill and dredge results by bulk sampling to verify gold grades within more significant volumes on the Ditton and Emberton properties in Chartierville as well on the Beauce Gold project in St-Simon-les-Mine.