Exploits Discovery Corp. (‘Exploits' or the ‘Company') announced the completion of the initial drilling program at its Little Joanna target. Six drill holes for a total of 921 metres were completed to test downdip extensions of surface veins containing visible gold and structural intersections identified by Goldspot Discoveries' initial geophysical interpretation.

The final core is being logged and sampled and will be delivered to the lab for assaying. Drilling is expected to resume after a detailed analysis of the all the assay results from the 13,500 metre 2021 drilling program. To date the Company has only reported assays on 6 holes drilled at the Quinlan Vein target representing approximately 10% of the total number of samples delivered to the lab for analysis.

The Company eagerly awaits complete assay results from each target and will report results once they have been received. The Company's exploration program for 2022 will include: Reporting the assays results from the remaining 52 holes drilled in 2021 (Schooner North & South, Jonathan's Pond, Little Joanna, and the remaining holes at Quinlan Veins). Process and interpreting all results of 2021 program along with historical results and information from recent discoveries in the Exploits sub-zone.

This work will be completed in collaboration with the Company's key technical advisor, Dr. David Groves, a world-renowned orogenic gold expert and Goldspot Discoveries, a leading technology company leveraging artificial intelligence and data science, with the objectives of enhancing their understanding of existing targets and identifying new areas of prospective orogenic gold mineralization. Continuing to aggressively drill identified targets following the final interpretation of the Company's multi-target 2021 exploration program as well as new targets generated in 2022. Executing field programs including infill geophysics, as well as soil and till sampling, in under explored areas along known regional deep-seated structures such as the Appleton Fault, GRUB Line, and Dog Bay Line.

Geophysical interpretation with Goldspot Discoveries of Exploits' 20,093 line-km geophysical survey, covering approximately 1,767 km2, of the True Gritt, Dog Bay, Mt. Peyton, Middle Ridge, Johnathan's Pond, Great Bend, and Gazeebow projects. Interpretation of the geophysical data will include cleaning/processing of data as well as structural/lithological interpretation allowing them to see the fault structures which control mineralization.

Working with their industry partners to find solutions to resolve unacceptably long laboratory turnaround times for assay results. Drilling is expected to resume this year after all the Company's assay results from their 2021 drilling and exploration programs have been reported and integrated into the expanding database of information. Little Joanna Target - The Phase 1 drill program, which included 6 drill holes totaling 921 metres, was designed to test the downdip extension of NE trending surface veins which contained visible gold as well as the intersection of these veins with interpreted anomalous structures.

The Little Joanna target is situated on an interpreted secondary fault, identified from geophysics by Goldspot Discoveries. The target area is interpreted to be a splay off the Dog Bay Line. Surface samples collected for Exploits in this area returned grades ranging from up to 194 g/t Au (with visible gold) to trace.

Quartz veins averaging 30 centimeters in thickness were uncovered along a strike length of 20 meters before becoming buried under thick overburden. This target is being interpreted as open in all directions. Five surface samples, collected for Exploits in this area, had visible gold, with assays returning 194, 133, 123, 119, and 118 g/t Au.