Vancouver - Cross River Ventures Corp. (the 'Company') (CSE: CRVC; OTCQB: CSRVF; FWB: C6R) is pleased to update shareholders on its recent land acquisition and update preparations for the upcoming winter drill program at its 100% owned McVicar Gold Project.

The 12,000-ha McVicar Gold Project covers a large portion of the Lang Lake Greenstone Belt (Patricia Mining Division) in the Uchi sub-Province, Superior Province, northwest Ontario, Canada.

The gold deposits in this part of NW Ontario are hosted in Archean greenstone belts, rocks which contain some of the world's great gold mines and much of the global gold endowment. McVicar sits approximately 150 km east of the Red Lake gold camp (>20 Moz Au[i]), 50 km east of the Springpole gold deposit (5 Moz Au[ii]), and 20 km northwest of the Golden Patricia mine (0.6 Moz Au[iii]).

In advance of its upcoming winter drill program, the Company acquired the remaining relevant open claim blocks within the McVicar project area. These additional blocks cover historic mineral occurrences with notable gold results.

The added mineral Claims were acquired from an arms-length vendor in consideration for the issuance of 100,000 common shares (the 'Consideration Shares'). The Consideration Shares are subject to a statutory hold period of four-months-and-one-day following closing day of issuance.

No finders' fees or commissions were paid in connection with completion of the acquisition of the Claims.

These samples have had limited follow up, and no known historic drill holes are located nearby these gold showings. Even the Lang Lake - Belore sample with 14.12 grams per ton gold and 0.45% copper was not followed up and drill-tested. These additional property acquisitions comprise new discovery opportunities on the McVicar property, and the technical team will target these areas for mapping and sampling during the summer 2022 field program.

The Company's Winter 2022 drill program includes a planned 5,000 meters of core drilling from two priority targets: The Altered Zone and the Bear Head Zone.

The Company received Early Exploration Permits for the McVicar property in June 2021. These permits allow Cross River to advance the property through diamond drilling in the Altered Zone and along the Bear Head Gold Trend. Field work in 2021 has significantly advanced these targets to the drill testing stage.

The upcoming Q1 helicopter-supported program will stage from the Cat Lake Winter Road. The window for the winter road will dictate the exact timing of the 5000m drilling campaign. Camp construction is anticipated in the first part of February 2022.

About the McVicar Project

Cross River's McVicar Gold Project is a district-scale gold exploration project that covers the main structural elements of the entire Lang Lake greenstone belt, located in the Patricia Mining Division, approximately 150 km east of Red Lake, and 80 km west of Pickle Lake, in NW Ontario, Canada.

The McVicar project covers all the major fertile structural and lithostratigraphic elements of the greenstone belt, which is bound to the south by the major NW trending Bear Head Fault zone (within which the historic Golden Patricia Mine is situated).

About Cross River Ventures

Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of NW Ontario, Canada. The Company controls a 28,000-ha, multiple project portfolio with highly prospective ground in and among prolific, gold bearing greenstone belts. Cross River's common shares trade in Canada under the symbol 'CRVC' on the CSE, and in the US under the symbol 'CSRVF' on the OTCQB.

Contact:

Alex Klenman

Tel: 604-227-6610

Email: aklenman@crossriverventures.com

Web: www.crossriverventures.com

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the Canadian Securities Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws

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