Four Nines Gold Inc. ('Four Nines' or the 'Company') (CSE: FNAU, OTCIQ: FNAUF) is pleased to announce results for the Company's initial surface mapping and sampling program for the Hayden Hill Property, located in Lassen County California.

The goal of this phase of the Hayden Hill exploration program is to identify and characterize structural feeders that might host high-grade gold-silver mineralization.

David Flint, VP Exploration of Four Nines Gold said 'We are excited with the results of this initial mapping and sampling program at our flagship Hayden Hill project. Numerous epithermal veins have been mapped and sampled, plus several significant hydrothermal breccia bodies have also been identified. The gold geochemical results are also highly encouraging. Further detailed mapping and sampling is clearly justified. These results verify the concept for which Four Nines signed the exploration agreement with Kinross (April 19, 2023 press release) and are an important step in advancing our understanding of the potential for high-grade gold mineralization to depth at Hayden Hill. The surface data is being utilized to design holes to be drilled from the Phase 1 approved drill stations' (July 24, 2023 press release).

Surface Program Technical Results

Summary

The primary goal of this initial field program was to characterize mineralized features that might indicate the presence of epithermal high-grade gold mineralization. Much of the surface of the project area has been disturbed through open-pit mining and reclamation activities. Pit highwalls, historical trenches and pits, undisturbed outcrops, and areas of subcrop have been mapped and sampled.

The following styles of hydrothermal features, favorable for the presence of epithermal gold-silver mineralization, have been mapped and sampled on the Property: Multiple banded epithermal veins, Clast-support hydrothermal breccias (clasts comprise > 50% of the breccia volume), Matrix-supported hydrothermal breccias, for which the Hydrothermal matrix comprises > 50% of the breccia volume. Clasts of previously veined material are common.

Euhedral adularia and quartz replacement of individual calcite crystals is locally present,

Pervasive silicification, that is reported to also include fine-grained adularia, is the most widespread form of hydrothermal alteration present in the Project area.

An initial set of 326 surface samples have been collected, for which results have been received for 140 samples. Most of the samples are select grabs from structures that appeared to have potential for gold mineralization. The highest sample value is 37.9 g/t. Thirteen (13) samples have values > 10 g/t, 22 have values > 5 g/t, 34 have values > 1 g/t, 54 have values > 0.5 g/t, and 86 have values < 0.5 g/t. Follow-up sampling for regions with higher grade initial values is clearly justified.

About Four Nines Gold Inc.

Four Nines Gold Inc. has the right to acquire 100% of the Hayden Hill Mine from a Kinross Gold USA Inc subsidiary. The Company is exploring and developing the project in mining-friendly Northern California. Hayden Hill is a former producing mine with 99,862.42 meters of drilling in 742 holes and no systematic property exploration since the mine closed in 1997. Four Nines Gold Inc. continues to hold an option to acquire 100% interest in the Bonneville gold-silver-copper project in central Quebec.

Contact:

Charles Ross

Tel: 604.602.0001

Forward-looking statements

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible' and similar expressions, or statements that events, conditions or results 'will', 'may', 'could' or 'should' occur or be achieved. Forward-looking statements and the assumptions made in respect thereof involve known and unknown risks, uncertainties, and other factors beyond the Company's control. Forward-looking statements in this press release include statements regarding beliefs, plans, expectations, or intentions of the Company. Mineral exploration is highly speculative and characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. Forward-looking statements in this press release are made as of the date herein. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.

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