Getchell Gold Corp. announced Mineral Resource Estimate. Key Highlights: Large `at surface' Mineral Resource Estimate in a premier gold mining jurisdiction; Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for 1,509,100 ounces of gold; Indicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold; Gold mineralization remains open for further expansion in all contributing zones; and Technical report available on the Company's website and on SEDAR.

The Fondaway Canyon Mineral Resources Estimate is based on 518 reverse circulation and diamond drill holes totaling 52,395 metres (171,900 feet) spanning over forty years to the present along a 3.5 km East-West gold trend. The MRE represents a significant expansion to a historic Mineral Resources Estimate published by a previous operator in 2017 by: Primarily modelling the Mineral Resources as a bulk tonnage target with a conceptual open pit mining scenario versus a solely underground extraction scenario; The addition of new assay results from 26 diamond drill holes (2017 to 2022) that were completed subsequent to the release of the historic 2017 Mineral Resources Estimate; and Major discoveries in 2020 and expansion of the new zones drilled through 2022. Nineteen (19) drill holes, FCG20-01 to FCG22-19, totaling 6,973 metres (22,877 feet) drilled by the Company in 2020, 2021, and 2022, were considered in the current MRE and represent a significant component of the expanded gold mineralization.

Nine (9) holes drilled in 2022, FCG22-20 through FCG22-28, totaling 3,473 metres (11,394 feet) were completed subsequent to the cut-off for inclusion into the MRE. The assay results from these nine 2022 holes will be incorporated into a future Mineral Resources Estimate. Notes on the Mineral Resource Estimate: The independent and qualified person for the mineral resources estimate, as defined by NI 43-101, is Michael Dufresne, P.Geo., from APEX Geoscience Ltd. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability.

There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.

The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019). The effective date of the Mineral Resources Estimate is December 15, 2022, and the related technical report, titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA" published on February 1, 2023, is available for download on the Company's website and on SEDAR.