Nighthawk Gold Corp. announced its 2023 Exploration and environmental programs at its district-scale property in Northwest territories, Canada. Furthermore, the Company announced the filing of its Technical Report (defined below) for the previously announced updated Mineral Resource Estimate1 ("2023 MRE") of the Colomac Gold Project (the "Project").

The Company continues its mineral resource expansion drilling in 2023, with a focus on the Cass, 24/27 and/or Damoti deposits. At the Cass deposit, the Company will test the potential extension of the higher-grade, near-surface mineralization to the west and the northeast of the deposit based on recent structural and geological modelling. At the 24/27 deposit, located within the Colomac Centre Area, Nighthawk will drill test the potential strike extension of the higher- grade, near-surface mineralization To the north of the deposit priorizing the potential higher-grade zones identified by the 2022 electromagnetic ("VTEM") survey.

The drilling planned for the Damoti deposit would focus on mineral resource expansion of the deposit, both near-surface and at depth; drilling would target the nose of the folding structures where mineralization at the Damoti deposit appears to be concentrated, as identified by the updated structural model. The Company announced that it has fulfilled its earn-in requirements as per the terms of the Kim and Cass Property option agreement. Since 2021, Nighthawk has paid an aggregate of CAD 1.1 million in total consideration and granted a 2.5% net smelter return ("NSR") to Geomark Inc.; the Company has the right to purchase back up to 100% of the NSR for CAD 0.5 million increments up to CAD 2.5 million total.