Silverstock Metals Inc. provided an update on the recent exploration work carried out on the Gold Cutter Property (the Property). Silverstock's first exploration programs took place in 2020, when i) two geologists and two prospectors spent one week on the Property conducting geological reconnaissance/sampling and collected 133 grab samples; ii) a property-wide drone magnetic survey was completed; and iii) a local soil geochemical survey was undertaken. The presence of significant precious and base metal values in quartz veins mostly hosted by intrusives in the north-central part of the Property was verified.

In October 2021, two geologists and a prospector spent a further five days on the Property for Silverstock conducting additional sampling and geological reconnaissance. 111 grab samples were collected. Gold results varied from below detection to a high of 1.76 g/t; five samples had in excess of 0.5 g/t Au.

Silver ranged from below detection up to 129 g/t. Base metal values varied from very low to highs of 282 ppm Cu, 2.57% Pb and 325 ppm Zn. Molybdenum had a higher value of 519 ppm (0.05%). The 2.57% Pb and 129 g/t Ag came from a 70 cm wide rounded boulder with a banded quartz-galena vein.

Two main targets have emerged from the two prospecting/geological reconnaissance campaigns: i) a northern NNW trending 1.2 km long zone with auriferous quartz veins spatially associated with dikes of syenite/monzonite; and ii) elevated gold associated with a quartz veins and silica alteration in monzonite in the south-central part of the property. The northern zone is open to the SSE, and the southern zone is open in all directions. The Company will continue to review and assess the information it has obtained and lay out a path forward for 2022/2023.