TRU Precious Metals Corp. reported high grade channel sampling results from a recent trenching program conducted on TRU's claims under option from Quadro Resources Ltd. at TRU's Golden Rose Project ("Golden Rose'') in Central Newfoundland. The channel sampling program was completed on the Mark's Pond target located along the deposit-bearing Cape Ray-Valentine Lake Shear Zone, where the Company recently announced results of a grab sampling program that indicated high-grade gold potential.

TRU collected a total of 159 channel samples within the recently excavated 275 m long trench, including 85 samples within a 23 m long easterly extension at the southern end of the trench along strike of a visible gold- bearing volcaniclastic and graphitic shear zone. This newly discovered high-grade gold zone has been named the "Northcott Gold Zone" to recognize the significant discoveries made by prospector Ed Northcott in this area. The trench at Mark's Pond is located approximately 130 m northwest of the historically drilled Mark's Pond Gold Zone.

During TRU's fall exploration program, this historical trench was re-opened and extended to the north to test a second, multiple line, east-west trending historical gold-in soil anomaly that had not been previously trenched or drilled. A high-resolution drone (UAV) imagery survey was completed by Insite Surveys of Burgeo, NL over the entire trench also capturing the channel sampling locations in precise detail. The drone imagery has been georeferenced for structural mapping purposes and to precisely locate the channel samples for geological modelling purposes.

The channel sampling program included the insertion of QAQC materials (certified reference materials, blanks, and field duplicates) at regular intervals by TRU geologists, and the samples were sent to Eastern Analytical Ltd. ("Eastern Analytical") in Springdale, NL for fire assay and ICP multi-element geochemistry analyses. Any channel samples returning a fire assay result greater than 1 g/t Au triggered a total pulp metallics analysis (metallic screening) of the sample to mitigate the presence of the nugget effect of coarse gold and to better characterize the coarse- and fine-grained gold fractions within these prominent gold bearing units. Complete fire assay and metallic screen analysis results for the channel samples collected in the Northcott Gold Zone.

True width of the Northcott Gold Zone is unknown at this time. However, the rock units are subvertical indicating sampled widths are likely close to true width and this will be confirmed in future drilling programs. The channel sample assay results indicate that the structurally-complex graphitic zone with stockwork quartz- carbonate veins containing visible gold within the Northcott Gold Zone tends to pinch and swell along strike, with high-grade widths ranging between <1 to 2.5 m. Associated wall-rock alteration includes carbonatization and sericitization typical within orogenic gold deposits with steeply dipping brittle-ductile shear zones hosting native gold. A total of 74 channel samples were collected at several exposed bedrock locations along the rest of the trench, northwest of the Northcott Gold Zone, but returned no significant gold assay values.

However, field crews were unable to complete channel sampling of the entire length of the trench due to the rapid onset of winter conditions. In spring 2023, TRU plans to channel sample all remaining low-lying (ponded) areas within the trench that may contain gold similar to that discovered in the southeastern part of the trench. As noted earlier, gold mineralization remains open to the southwest and northeast of the current trench limit.

TRU plans to extend the southern part of the trench in both directions in spring and summer 2023 and complete channel sampling within these extensions and to the northwest in areas of the trench that remain unsampled. In addition, a detailed structural mapping program will be undertaken in the trench to characterize the veins, collect structural measurements, and understand any structural controls on gold mineralization in the Mark's Pond target area. All channel samples were cut using portable saws with diamond blades and cleaned thoroughly with fresh water prior to insertion into sample bags by TRU field staff.

This trench and sample cleaning process was implemented to eliminate the possibility of sample contamination by overburden (soil and till). The exact location of the channel sample line was taken using a handheld GPS unit and indicated on a hand drawn trench map, and field notes were taken on lithology, structure, and mineralization. The exact locations of the channel samples were later correlated and georeferenced with the high precision drone survey imagery.

The channel samples were securely transported by TRU field staff to Eastern Analytical, a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern Analytical pulverized 1,000 grams of each sample to 95% < 89 m. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au were further assayed using total pulp metallic analysis (metallic screening) to mitigate the presence of the nugget effect of coarse gold.

Eastern Analytical total pulp metallic sieve procedure: Crush entire sample to approximately 80% (-10 mesh). Total sample is pulverized to approximately 95% (-150 mesh) in 200-300g portions. Sieve all pulverized material through 150 mesh screen.

The total (+150 mesh) fraction is all fire assayed as one sample and the weight recorded. The entire (-150 mesh) fraction is rolled to homogenize and stored in a plastic bag. The entire weight of the (-150 mesh) fraction is recorded.

A 30g sample is fire assayed from the (-150 mesh) portion. The two fire assay results (+150 and -150 mesh) are calculated (with the total weight of the sample to provide a weighted average of the sample) and the weighted average Au result is reported. The TRU exploration programs are designed to be consistent with mining industry best practices and the programs are supervised by Qualified Persons employing a full QAQC program consistent with requirements under the CIM Mineral Exploration Best Practice Guidelines (2018) and National Instrument 43-101 ("NI 43-101").