Dakota Gold Corp. announced the results of its first drill hole, MA22C-001, at the Maitland Gold Project located approximately three miles north and contiguous with the Homestake Mine. In addition Dakota Gold is mobilizing its third drill rig to test for gold mineralization on the eastern side of the Maitland corridor.

To date, the Company has targeted nine holes at Maitland. MA22C-001 is the first hole drilled in the project area since 1994 when Homestake Mining Company ceased its exploration program outside of the Homestake Mine. MA22C-001 was drilled to test for iron formation up-plunge from the North Drift mineralization that was discovered by Homestake Mining Company in the late 1980s.

The North Drift gold mineralization is located from 6,600 feet to 5,800 feet below the surface. The mineralized zones are significantly shallower than the intercept depth down hole due to the shallow angle of the drill hole. Several intervals of Homestake Formation, the host unit of the gold mineralization at the Homestake Mine, were encountered at various depths down the hole.

Gold mineralization at the Homestake Mine is associated with quartz-carbonate veins, chlorite selvages, and arsenopyrite-pyrrhotite-pyrite sulfides. These types of key alteration have been observed within the two holes that have been completed. Thin zones of this type of mineralization were encountered in four intervals of MA22C-001.

Three of these intervals contained anomalous gold values that will be used for vectoring future step-out drilling. A Tertiary, breccia zone was encountered from 2,286.0 feet to 2,307.4 feet in MA22C-001. This breccia consisted of Precambrian clasts with thin calcite-pyrite lined veinlets.

An interval of increased brecciation and veining from 2,291.0 feet to 2,307.4 feet contained 0.195 oz/ton gold and 1.290 oz/ton silver. Step-out drill holes are planned to test the extent and width of this zone of Precambrian hosted, Tertiary mineralization which is a previously overlooked target type in the Maitland area.