Waseco Resources Inc. reported the assay results from drilling undertaken by SSR Mining Inc. on the Company's Battle Mountain Ridge Project in Nevada, USA. SSR operates the Marigold Mine, which produces approximately 220,000 ounces of gold per year and is located approximately 10km north of the BMR property. In 2019, SSR acquired the Trenton Canyon Mine property, located immediately adjacent to the north-west of Battle Mountain Ridge, which is currently being evaluated for future production.

A fourteen (14) hole, reverse circulation drill program, totaling 2,911 metres was completed during SSR's initial campaign on the property, testing for near surface gold mineralization, similar to Trenton Canyon. Six (6) holes were drilled on the "North Zone" and eight (8) holes were drilled on the "South Zone". project.

The 2022 program resulted in a total of USD 547,690.38 in qualifying expenditures, Assay results confirm the presence and orientation of gold mineralization at the Battle Mountain Ridge satisfying the Phase 1 Work Requirement. Geologic interpretation and field mapping carried out by SSR prior to drilling was consistent with previous conclusions supplied to SSR by the Company. A general North-South trend to gold mineralization is seen in historical drilling data, which fits into the current understanding of local oxide mineralization seen in the nearby Trenton Canyon gold project area, now owned by SSR. Completed drilling focused on extending structures along- strike as well as confirming the grade and thickness of oxide gold mineralization seen in historical drilling.

To date, six holes of the SSR Mining's drilling has been in the area of the North Zone, discovered by Waseco in Hole #5 which intersected 25.4 g/au over 3.7m. No SSR holes however, were drilled in close proximity Hole #5. Indications are that a core drill will be brought on to the project in 2023 and additional RC drilling will also be carried out. All holes were downhole surveyed, with 2,058 samples submitted to American Assay Laboratories in Sparks, QA/QC Procedures Nevada, for Fire Assay and Cyanide Soluble Assay.

Of these samples, 1,876 were originals, 80 were certified reference materials (CRM) 34 were field duplicates and 34 were blanks. Industry-standard QA/QC procedures were implemented for the work. This includes analyses of CRM, blank, and duplicate field samples as well as chain of custody protocols.