Felix Gold Limited advised of assay results for a further eleven RC holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. The Eastgate Central Zone is interpreted as part of a +4km structural corridor running along the southern extent of the Treasure Creek Project. Historical exploration was last undertaken in the early 1990's where only four drill holes and limited trenching had been completed along the interpreted 4km Eastgate Corridor. Historical soil sampling and trenching defined the Eastgate Central Zone to the southern extent of the Treasure Creek Project.

Trenching yielded very high grades at Eastgate Central (up to 5 m @ 69.22 g/t Au), from a shear vein trending 305° and dipping 60° north, with historical drilling resulting in 25 m @ 1.02 g/t Au from surface (refer to Felix ASX announcement dated 28 January 2022, Prospectus). The assay results reported in this ASX release represent Reconnaissance Line 1 at Treasure Creek, where a total of 11 reverse circulation (RC) drill holes where completed. These holes were targeted at testing both the potential extension of the Eastgate Central Zone approximately 1km to the south-west and the potential gold bearing potential of cross-cutting structural connection between the Eastgate and Scrafford Shear Corridors.

Extension of the Eastgate Central Zone approximately 1km to the south-west Seven (7) drill holes (22TCRC051-057) were drilled to sparsely test the broader Eastgate soil anomaly approximately 1km to the south-west of the Eastgate Central Zone. These results indicate the potential for continuation of the Eastgate Central Zone mineralisation into this area, and include Hole 22TCRC057 with 22TCRC057 12.2m @ 2.65 g/t Au from 73.2m including 3.1m @ 9.92 g/t Au from 73.2m downhole. This opens-up the potential for a multi-kilometre gold bearing structural corridor in this area.

Links between the Eastgate and Scrafford Corridors Four (4) drill holes (22TCRC010-013) were drilled to test the potential for the cross-cutting structural features between the Eastgate and Scrafford Corridors to be mineralised. Historically no drill holes had tested this zone. Assays returned for Hole 22TCRC012 demonstrate shallow, high-grade gold mineralisation (3.0m @ 3.2 g/t Au from 36.6m downhole) and open-up a potential new multi-km gold zone between the Eastgate and Scrafford Shear Corridors.