Stuhini Exploration Ltd. provide an update on 2023 exploration at its Volcanic Creek Molybdenum target, part of its Ruby Creek Project located 14 kilometres east of Atlin, BC. The target is located approximately 4 km north of the Company's Ruby Creek Molybdenum Deposit. 9 rock grab samples taken ranging from 1.01 % molybdenum to 0.017 % Mo.

Mineralization style similar to Ruby Creek. Up to 900 meters distance between outcrops with significant Mo mineralization. Note that rock grab samples are selective by nature and values reported may not represent the true grade or style of mineralization across the target area.

Mineralization consists of coarse rosettes in quartz veins and molybdenum veinlets analogous to those at the Ruby Creek Molybdenum Deposit found in float and outcrop. Mineralization is hosted in older rock units than the Ruby Creek Molybdenum Deposit but is likely to be similar in age to the Ruby Creek Molybdenum Deposit. The Company plans to follow up in the summer of 2024.

The Company acquired the Volcanic Creek Molybdenum target by staking 848.1 hectares in 1 new claim block contiguous to the north of its existing Ruby Creek tenures in February 2023. The new claim, which was consolidated into the Company's Ruby Creek Project, is situated in the headwaters of Volcanic Creek and is referred to as the "Volcanic Creek Moly" showing in BC Minfiles. Previous historic exploration work reported mineralization at surface and includes two drill holes drilled by Placer Development Ltd. in 1981.

Hole DDH 81-1 intersected 24.38 m of 0.066% molybdenum disulfide (0.040% Mo) starting at a depth of 33.53 m, including 6.10 m of 0.14 MoS2 (0.082 % Mo).