Cassiar Gold Corp. announced results from an additional seven diamond drill holes from the 2023 exploration program at the Cassiar Gold Project, located in northern British Columbia, where results from new drilling expand the footprint of mineralization at the Taurus Deposit. The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au)1 which remains open and has been a priority for further expansion during the 2023 exploration campaign.

Results remain pending for 14 drill holes totaling 4,478 metres (m) of drilling from the 2023 program. Highlights: All drill holes reported here encountered multi-metre intercepts of mineralization above the 0.5 g/t Au cutoff grade of the 2022 Inferred Mineral Resource at Taurus and successfully expanded mineralization at surface, as well as at depth along the Taurus West Fault. The latest results include: 62.2 m of 0.62 g/t Au from 264.6 m down hole in drill hole 23TA-198, including 1.0 m at 6.16 g/t Au.

Seven drill holes which are reported here, totaling 3,109 m in cumulative length, were drilled at the southwest extent of the Taurus deposit and intended to expand gold mineralization near surface and at depth along the TaurusWest Fault, and southward beyond the extent of the Taurus resource. The moderately east-dipping Taurus West Fault is interpreted to be of similar age and importance in local mineralization paragenesis and a potential feeder to broad, shallow south-plunging domains of mineralization at the western extent of the TRS resource. These results from the southwest portion of the Taurus Deposit confirm the potential for continued expansion of broad intervals of mineralization both near surface and at depth along The Taurus West Fault.

Taurus West Fault Trend - Near-Surface: Drill holes 23TA-204 and 23TA-210 (northwest oriented) aimed to identify the extension of near-surface mineralization along the Taurus West Fault, south of the 2022 resource model and west of previous drilling. Assays returned: 152.1 m of 0.58 g/t Au from surface, including. Assay results in red and higher-grade nested intervals in black are reported in this news release.

Section width +/- 25m. Taurus West Fault Trend- down-dip extension: Drill holes 23TA-194, -198, -205, -205, -207, and -209 (northwest oriented) belong to a series of step out holes (30-80 m) designed to evaluate the potential eastward extension of mineralization, and continuity thereof, along the interpreted downdip extension of the Taurus West Fault, as follow up to mineralization encountered in 2022. The Company is pleased to confirm that it completed its non-brokered private placement for gross proceeds of $2,000,000 on December 12, 2023, as previously announced on December 7, 2023, with proceeds to be used to fund ongoing and future exploration and drill programs at the Cassiar Gold Project.

Quality Assurance (QA) and Quality Control (QC) The 2023 Cassiar drilling program comprises HQ drill core oriented using the REFLEX ACTIII system. Drill core samples are selected and logged by geologists prior to being cut in half using a diamond cutting saw at a secure facility located in Jade City, British Columbia. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's exploration plans and work commitments, mineral resource estimates and the assumptions underlying such estimates, and economic factors, business and operations strategies.

These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and development and development, exploration and development and operations strategies.