American Pacific Mining Reports Assay Results, Including 12.13 g/t Gold over 1.52 Metres, from the Tuscarora Project

American Pacific Mining Corp (CSE: USGD OTCQX: USGDF FWB: 1QC) ("American Pacific" or the "Company") is pleased to provide a project update and assay results from the Tuscarora Project (" Tuscarora ") or (" the Project ").

The Company completed 33 shallow reverse circulation ("RC") drillholes at Tuscarora for a total of 5,515 metres ("m") across several different target areas. Drilling at the South Navajo area defined a potential third gold zone below known mineralization and drilling and sampling along the Modoc Vein swarm has highlighted the potential for a new gold-bearing sulfide system in an area that has very limited historical drilling.

Highlights from the 2022 Tuscarora Drill Program:

South Navajo: TS22-23 and TS22-32 were designed to test for additional gold mineralization below known stacked gold zones:
- TS22-32 intersected 2.48 grams per tonne ("g/t") gold ("Au") over 13.72 m , including 12.13 g/t Au over 1.52 m (from 193.55 m).
- TS22-23 deviated to the south, but still intersected 2.94 g/t Au over 1.52 m starting from a similar 192.02 m downhole, as well as 2.07 g/t Au over 2.29 m and 1.18 g/t Au over 3.05 m further up-hole.
- This third interpreted lower gold zone remains open to the north and south.
Modoc South Target: TS22-25 intersected 6.89 g/t Au and 29 g/t Ag over 1.52 m within a broader envelope of lower grade gold (0.34 g/t Au over 45.72 m starting from 161.54 m):
- All three (3) drillholes at Modoc South intersected broader lower-grade gold values in sulfide-bearing volcanic host rocks (TS22-27: 0.38 g/t Au over 94.49 m), highlighting the potential for a significant new style of gold mineralization to pursue at Tuscarora.
Modoc North Target Area: Several shallow gold intercepts in an area with limited drilling that remains wide open:
- TS22-28 intersected 2.44 g/t Au over 4.57 m starting from surface.
- TS22-11 intersected 4.46 g/t Au over 1.52 m starting from 1.52 m.
- TS22-16 returned 0.78 g/t Au over 10.67 m starting from 56.38 m.
- Seven rock chip channel samples within this target area returned values ranging from 2.00 to 13.18 g/t Au and a gaudy visible gold grab sample was recently taken from a nearby prospect pit (see Figure 2).

American Pacific's President, Eric Saderholm, commented: "Defining a third gold zone at South Navajo and drilling into a new gold-bearing sulfide system at Modoc are both very encouraging developments from our modest drill program at Tuscarora. The relatively shallow sulfide mineralization at Modoc is particularly intriguing as this area has very limited historical drilling and represents a new target type that we will pursue in subsequent drill campaigns."

American Pacific Mining will host a webinar today,
November 22, 2022
2:00pm PT (5:00pm ET)

Figure 1: Tuscarora plan view map showing 2022 drill collar locations and highlighted intercepts

Background and Interpretation of Results

The Phase I Tuscarora program focused on infill at South Navajo and true exploration drilling on the untested Modoc and Repo targets, located in the south and west project areas. Several interesting results were encountered. Unexpected longer and consistent intercepts of lower grade mineralization have opened the potential of a broader, more bulk-mineable style of mineralization within the volcanic hosts, in addition to the obvious vein potential in the project area. These intercepts occur in both oxide and sulfide mineralization.

TS22-09 to TS22-13 were drilled on a fan, meaning all were drilled from the same starting location, and the highest grade returned was 1.52 m of 4.46 g/t Au. It was among lower grade thicker intervals as witnessed in TS22-09 with 13.71 m averaging 0.61 g/t Au starting at a 7.62m depth. A second fan at Modoc included holes TS22-14 to TS22-17 and identified continuity at depth and along strike of a quartz vein system evidenced in surface mapping and prospect pits. The best interval was 10.67 m at 0.78 g/t Au, including 3.05 m at 1.27 g/t Au in TS22-16.

Recently interpreted project-wide CSAMT geophysical data highlighted additional anomalies in the untested Grand Prize, Payday and East Pediment zones, located in the eastern portion of the property. These strong anomalies were expected, but poorly defined until the CSAMT results were received as, similar to South Navajo, they are covered by a relatively thin gravel cover and have no surface expression. These targets are now better refined and lay in an area that was not a part of the original Phase I permit. An addendum to the Notice of Intent permit is in process and a Phase II program has been designed to test these promising new targets in early 2023.

Additionally, and possibly more regionally significant, two holes in the Modoc area were drilled to sufficient depth to encounter the older (Paleozoic) basement rocks located below the host volcanic units. These deeper rocks consist of quartzites and siliciclastics of the Ordovician Valmy and Vinini Formations. These holes encountered strong sulfide mineralization and anomalous gold values. This is interesting for several reasons. The Valmy-aged rocks are the capping units above the stronger mineralization along both the Carlin Trend and the nearby Jerritt Canyon deposits. Below these "upper plate" formations lay the favourable "lower plate" carbonate-rich units, including the Rodeo Creek, Roberts Mountains, Popovic and Hanson Creek Formations. These regionally well-known formations host the bulk of the ore mineralization along these prolific trends and account for approximately 100 million ounces of historically mined and current gold reserves.

The age of the Tuscarora volcanic rocks and mineralization is approximately 40 million years making it roughly synchronous with the Carlin and Jerritt Canyon mineralization ages. The Mt Blitzen caldera is the known source gold and silver mineralization at Tuscarora and the contact of this strong metal system with the deeper "lower plate" rocks provides for a very intriguing target.

An entirely new, and unexpected, Carlin-style mineralization potential has emerged from this drilling campaign and a future, deeper drilling program is justified to test these newly emerging target concepts.

Figure 2: Cross section (300 m wide corridor) looking NW highlighting new bulk tonnage style target and new Modoc Vein intercept at the Modoc South Target area

Figure 3: Grab sample near Modoc North Target area with visible gold under microscope

Tuscarora was historically a placer mining district, and the presence of visible and coarse free gold has been documented historically and recognized again by American Pacific during its recent exploration work in the district. This "nugget-effect" at projects like Tuscarora, that can contain valuable large gold particles (or "nuggets" – as seen above in Figure 3) can result in concentrations of gold that are challenging to accurately represent with traditional assay techniques.

Based on visual observations in the field during the Tuscarora drill program and onsite sluice box sampling using material not caught in a standard RC sample, the Company believes that in several cases the standard assaying process that was used for all reported assays herein did not adequately represent the coarse free gold that was observed within brecciated quartz samples at Tuscarora. As a result, the Company has engaged with ALS Laboratories and plans to complete Photon Assays on select samples from the Tuscarora program.

Table 1: Highlighted Assay Results from South Navajo Target

Table 2: Highlighted Assay Results from Modoc North Target

Table 3: Highlighted Assay Results from Modoc South (Sulfide) Target

Notes:

All intercepts listed are downhole lengths.
Estimated true widths are approximately 70-80% for Navajo and still unknown for the Modoc Target areas.
Drillholes TS22-001 – TS22-003 (Modoc South) did not return any significant results.
Drillholes TS22-18 – TS22-19 (Modoc North) did not return any significant results.
Drillholes TS22-20 – TS22-22 were completed at the Repo Target area and returned numerous narrow 1.52 m intercepts between 0.5 and 1 g/t Au.

Qualified Person

Technical aspects of this press release have been reviewed and approved by the designated Qualified Person (QP) under National Instrument 43-101, Eric Saderholm, P.Geo.

QA/QC

The Company implements strict Quality Assurance ("QA") and Quality Control ("QC") protocols at Tuscarora covering the planning and placing of drill holes in the field, monitoring sample practices and cross referencing depths to sample names with supplied cut sheets, drilling and retrieving the RC samples, drillhole surveying, sample handling, geologic logging by qualified personnel, and insertion of standard and blank material for analysis. Transport of samples from site was handled by Paragon Geochemical Laboratories, sample preparation for assaying and analysis were conducted at the Sparks Nevada lab and final results and certificates were delivered via emails. Recording and final statistical vetting of results was conducted by qualified personnel.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a base and precious metals explorer and developer focused on opportunities in the Western United States. The Company's flagship asset is the 14 million tonne, high-grade, Palmer Volcanic Massive Sulfide (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan's largest zinc smelter. The Company is also partnered with Kennecott Exploration, a division of the Rio Tinto Group, on the past-producing Madison Copper-Gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for 'Deal of the Year' at the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also in American Pacific's asset portfolio are the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project: two high-grade, precious metals projects located in key mining districts of Nevada, USA. The Company's mission is to grow by the drill bit and by acquisition.

On Behalf of the Board of American Pacific Mining Corp.

"Warwick Smith"
CEO & Director

Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

Eric Saderholm, President & Director
775.397.0287

Investor Relations Contact:
Kristina Pillon, High Tide Consulting Corp.,
604.908.1695 / Kristina@americanpacific.ca

Media Relations Contact:
Adam Bello, Primoris Group Inc.,
416.489.0092 / media@primorisgroup.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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American Pacific Mining Completes Acquisition of Constantine Metal Resources

American Pacific Mining Corp (CSE: USGD FWB: 1QC OTCQX: USGDF) (" APM ") and Constantine Metal Resources Ltd. (" Constantine ") ( TSXV: CEM ) confirm that they have completed their previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the " Arrangement "). Under the Arrangement, APM acquired all of the issued and outstanding common shares of Constantine (" Constantine Shares ").

The combined company will be a premier exploration and development company in the western USA with two projects being aggressively advanced under strategic partnerships with well-respected major metal producers and an expanded portfolio of prospective precious and base metals assets.

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Constantine and American Pacific Mining Announce Securityholder Approval of the Plan of Arrangement at Special Meeting

American Pacific Mining Corp (CSE: USGD FWB: 1QC OTCQX: USGDF) (" American Pacific ") and Constantine Metal Resources Ltd. (" Constantine ") (TSXV: CEM) (OTCQX: CNSNF) announced today that Constantine's Securityholders (as defined below) approved the previously announced acquisition of Constantine by American Pacific by way of a plan of arrangement (the " Arrangement ") at a special meeting of Securityholders held earlier today (the " Meeting ").

The special resolution approving the Arrangement was approved by (i) 98.92% of the votes cast by Constantine's shareholders (the " Constantine Shareholders ") present or represented by proxy at the Meeting; (ii) 98.99% of the votes cast by Constantine Shareholders and optionholders of Constantine (collectively, the " Securityholders "), voting as a single class, present or represented by proxy at the Meeting; and (iii) 98.71% of votes cast by Constantine Shareholders other than votes attached to Constantine shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

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Constantine and American Pacific Mining Announce Mailing of Meeting Materials in Connection with Constantine's Special Meeting to Approve Acquisition by American Pacific Mining

American Pacific Mining Corp (CSE: USGD) (FSE: 1QC) (OTCQX: USGDF) ("American Pacific" or "APM") and Constantine Metal Resources Ltd. ("Constantine") (TSXV: CEM) (OTCQX: CNSNF) are pleased to announce Constantine has mailed and filed a management information circular dated September 22, 2022 (the "Circular") and related meeting materials (collectively, the "Meeting Materials") for its special meeting (the "Meeting") of Securityholders (as defined below) to be held October 25, 2022, in connection with the proposed acquisition of all of the outstanding shares of Constantine ("Constantine Shares") by American Pacific announced on August 15, 2022 (the "Transaction" or the "Arrangement").

The Meeting will be held at the offices of Blake, Cassels & Graydon LLP, 595 Burrard Street, Suite 2600, Vancouver, BC V7X 1L3 on October 25, 2022, commencing at 9:00 a.m. (Vancouver time). Holders of Constantine Shares (the "Shareholders"), holders of stock options of Constantine (the "Optionholders" and, together with the Shareholders, the "Securityholders"), and their duly appointed proxyholders in attendance will have the opportunity to participate in the Meeting.

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American Pacific Mining Announces Filing of 43-101 Technical Report for the Madison Copper-Gold Project

American Pacific Mining Corp. (CSE: USGD OTCQX: USGDF FWB: 1QC) ("American Pacific" or the "Company") is pleased to announce that it has filed its 43-101 technical report (the " Technical Report ") which has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "), on the Company's Madison Copper-Gold Project in Montana, USA.

The Technical Report, entitled "NI 43-101 Technical Report Update for the Madison Project, Madison County, Montana, USA" and dated September 15, 2022, has been prepared for the Company by John F. Childs, Ph.D. and Registered Geologist, of Childs Geoscience Inc., who is a "Qualified Person" as such term is defined in NI 43-101. The Technical Report is available on www.sedar.com under American Pacific's profile and on the Company's website at Madison Mine | American Pacific Mining Corp.

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Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update.

Dear Investors,

I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023. With the support of the board, key shareholders, and the dedicated Lode Gold team, we have raised $6M since March 2024 and completed numerous tasks to reorganize the Company. These efforts have positioned us for future success and growth, and I am grateful for the continued support and confidence you have shown in our vision.

Strategy: Create Two Pure Play Companies to Unlock Value and Attract New Investors

Last year, around this time, I met with bankers to discuss how we plan to unlock value by spinning out the Company's assets to create two pure-play companies. This strategy resonated with many as Lode Gold has key assets situated in highly prospective mining regions in Canada and the United States. This initiative immediately creates two $7M companies from one $7M entity, thereby generating accretive value for shareholders.

Focus on Intrinsic Asset Value vs Market Cap: Do some small-cap stocks outperform large-cap investments in the long run?

Clifford Asness, who played a key role in building Goldman Sachs' Global Alpha before founding AQR, and now manages over $33 billion in assets, published a whitepaper that challenged the Efficient Market Theory. It stipulated that value may be factored into price with large-cap companies, but it may not be the case with small-cap stocks¹. It states that with small or micro-cap stocks, the Less-Efficient-Market Hypothesis often holds. Why? The market is inherently inefficient due to a fragmented shareholder base and a lack of distribution, awareness and liquidity. As such, if capital is patient, investing in a small-cap stock may result in a higher return on investment in the long run compared to a large-cap stock.

In the case of Lode Gold, the intrinsic value, verified with a third-party NI 43-101 technical report, has an NPV USD $370M, yet the market cap trades at a fraction of the real value. Notwithstanding, a planned spin-out transaction valued at an additional $7.65M (pre-money value to current Lode Gold shareholders) has already obtained conditional approval.

This is a value proposition, validated by smart money: strategic investors and institutional shareholders; a total of four own approximately 60%. Intrigued by the potential of this undervalued play, I accepted the challenge of leading its turnaround and growth.

Near-Term: Gold Orogen spin out to unlock value for shareholders

The company has three key orogenic assets, with proven gold endowment.

To unlock value for shareholders; immediately we are spinning out the Canadian assets into a new company, Gold Orogen. Each Lode Gold shareholder will get shares of Gold Orogen; via a tax-efficient spin-out.

Additionally, a $3M raise has been completed at Gold Orogen, based on a $7.65M pre-money valuation. The current valuation for Lode Gold, the parent company, is at $7M. We are topping up with an additional $1.5M to ensure a $4.5M investment program for 2025 at Gold Orogen; as such both the assets in Yukon and NB will be drilled in the upcoming exploration season in the new year. Post-money, Gold Orogen will be at $12M+.

A gold asset on the Mother Lode Belt with MRE: 1 (M&I) + 2 (Inferred) Moz Au and a 2023 PEA: USD $370M (NPV 5%) will remain in the parent co, Lode Gold. Lode Gold intends to pursue a high grade underground mine opportunity. This project sits on 100% privately owned patented land where the mining license was suspended in 1942 due to the war effort.

Spin Out Unlocks Shareholder Value: Confirmed gold endowment and RIRGS on Tombstone Belt

The spin-out will result in the formation of two pure-play companies, each focused on specific areas of exploration in Canada and the US.

Company 1: Spin Co - Gold Orogen

Asset 1:

27 km strike, 99.5 km²in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Sitka Gold)
Total of four Reduced Intrusive Targets (RIRGS)

Asset 2:

New Brunswick: Created one of the largest land packages (420 km²)
Geological analogue to New Found Gold, Galway, Calibre Mining and Puma-Kinross
Confirmed gold endowment

Company 2: Parent - Lode Gold

Lode Gold is the first company to evaluate this project from an underground perspective.

Brownfield, previously mined at 8 g/t in the 1940's.
4 km strike on the 190 km mineralized Mother Lode Belt: 50,000,000 oz produced
100% owned private and patented land: 3,351 acres, Mariposa County
California: 700 permitted mines; 14 gold
Mine suspended in 1942 due to gold prohibition in WWII
Target: 2 Moz underground 5 g/t Au
Typical Orogenic Deposit with Structural Controls
3 Step-Out Holes hit structure (up to 1,200 m)
2 nearby mines were up to 1,800 m deep at 13 g/t
43,000 m drilled with 23 km of underground workings
11% of the veins (2 of 7 deposits) exploited; mostly in the first 250 m
2023 MRE: 1 Moz (M&I) + 2 Moz (Inferred)
2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
Close to road, rail, power, water

Milestones Achieved in 2024:

1. Executed Spin Out Plan

Received conditional acceptance from the TSXV for the spinout transaction

2. Improved Capital Structure

Lode Gold added two additional key institutional and strategic shareholders
For $3M, a 19.9% strategic joint venture partner with strong technical expertise, was added to the new Spin Co
Tight share structure: 10:1 consolidation. About 40.000,000 shares outstanding for both companies

3. Cleaned Up Balance Sheet

Converted a secured debt holder to be the second-largest shareholder
Repaid shareholder working capital loan
Resolved a legacy lawsuit and eliminated a $1.6M liability

4. Enhanced Value of Assets in Yukon, New Brunswick and California

New Brunswick:
- Created one of the largest land packages in the province, potentially a district play
- Completed comprehensive geophysics and soil sampling to define drill targets
Yukon:
- Identified four RIRGS targets for exploration work in 2025
- Confirmed RIRGS at WIN; high bismuth : gold ratio, gold-bearing sheeted quartz veins, hosted in hornfels

California:
- The first to review the project from an underground perspective
- Completed Geological Model: 11% of the veins exploited, in 2 out of 7 deposits. Most extraction in the first 250 m. 3 step-out holes at depth, mineralized and hit structure, a typical orogenic deposit
- Commissioned NI 43-101 to update the 2023 MRE

5. Strengthening the Lode Gold Team

Enhanced bench strength by adding key personnel to the technical and marketing teams, visit our website to view their full bios (lode-gold.com)
Addition of Martin Stratte, Lode Gold's former Director of the Board, to our Advisory Team. He was previously on the permitting team at Castle Mountain, Equinox Gold (2018-2021). The project was acquired for $200 million in 2018, and it was permitted in 2021

Upcoming Catalysts in 2025

Spin Co: Shareholders get shares of a new company
Drilling to investigate 4 RIRGS reduced intrusive targets in Yukon Tombstone Belt, 200 km from Snowline
Drilling in New Brunswick assets upon systematic exploration: geophysics, soil sampling, mapping, geochemistry
California: Revised NI 43-101 Mineral Resource Estimate (updating 2023 MRE and investigating high grade underground potential)
California: Evaluate reactivating a previous mine, where the license was suspended during WWII

Invest in One Company, Get Shares of Two Companies: Optionality on three key assets

Investing in Lode Gold presents an exciting opportunity for shareholders to benefit from an advanced gold exploration project and a forthcoming spinoff with two high-value assets. This strategic move is aimed at unlocking maximum value for investors, who will gain exposure to three highly prospective gold assets through shares in two separate companies.

Wishing you a season filled with joy and prosperity.

Yours truly,

Wendy T. Chan. CEO & Director

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km²across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km² and a 42 km strike. McIntyre Brook covers 111 km²and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 309 km²package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com