Getchell Gold Corp. Continues to Demonstrate Continuity and Thickness of the Colorado SW Zone and Intersects 8.8 g/t Au over 8.2m at the Juniper Zone at the Fondaway Canyon Gold Project, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide the results for holes FCG21-11 and FCG21-12 targeting the Colorado SW and Juniper gold zones at the Fondaway Canyon Gold project in Nevada.

Key Highlights

Hole FCG21-11 intersected multiple significant gold intercepts within the Colorado SW zone over a 242 metre down hole distance including 1.4 g/t Au over 14.9m, 1.0 g/t Au over 52.5m and 2.2 g/t Au over 9.1m;
FCG21-11 also encountered the near surface high-grade Juniper zone grading 8.8 g/t Au over 8.2m;
Hole FCG21-12 intersected the Colorado SW zone of gold mineralization over a 92 metre down hole distance that included 6.3 g/t Au over 3.6m, 2.5 g/t Au over 24.5m, and 1.6 g/t Au over 25.5m;
The Colorado SW gold zone, discovered in 2020, has now been tested by Getchell with eight drill holes that confirm its continuity on a 150m wide section along a 300 metre down dip extent;
Including holes drilled by past operators, the Colorado SW zone is modelled to extend for 800 metres down dip from surface and remains open on strike and at depth; and
Assays are pending for holes FCG21-13 through FCG21-16.

"The gold assay results from these latest two drill holes continue to demonstrate the strong continuity and potential scale of the mineralizing system at Fondaway Canyon and provide an excellent start to 2022," states Mike Sieb, President, Getchell Gold Corp.

Fondaway Canyon 2021 Drill Program Update

Ten drill holes, FCG21-07 through FCG21-16, totalling 3,874 metres were drilled last year at the Fondaway Canyon Gold Project. All ten holes are located in the Central Area and followed up on the 2020 discovery of the Colorado SW, the Juniper, and the North Fork gold zones (Figure 1). The two drill holes, FCG21-11 and FCG21-12, reporting results in this news release, primarily targeted the Colorado SW gold zone.

Drill Hole FCG21-11

FCG21-11 was designed to extend the Colorado SW gold zone approximately 30 to 50 metres to the southeast down-dip of hole FCG21-08 and 40 metres to the northwest on-strike from holes FCG20-05 and FCG20-06 (Figure 1 and 2).

FCG21-11, stationed at the Colorado Pit on the same drill pad as FCG21-08 and drilling to the southwest, intersected multiple significant gold intercepts within the Colorado SW zone over a 242 metre down hole distance. Three of the more notable drill intercepts grade:

1.4 g/t Au over 14.9m from 250.3 to 265.2m;
1.0 g/t Au over 52.5m from 274.4 to 326.9m;
2.2 g/t Au over 9.1m from 333.1 to 342.2m; with additional notable intervals presented in Table 1.

Figure 1: Fondaway Canyon Central Area showing aerial view (above) and current 3D model (below) from the same perspective looking southeast; highlighting the 2020 and 2021 drilling.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3941/109812_da212693f4ae39ad_001full.jpg

Figure 2: North Fork Gold Zone (NE-SW) 3D Section Highlighting FCG21-11 and FCG21-12 Gold Intervals.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3941/109812_da212693f4ae39ad_002full.jpg

FCG21-11 was also designed to test the near surface high grade Juniper gold zone down dip from FCG21-08 that reported 4.7 g/t Au over 25.9m. FCG21-11 intersected a substantially higher-grade interval reporting 8.8 g/t Au over 8.2m from 107.8 to 116.0 including one sample that graded 22.9 g/t Au over 1.7m.

Drill Hole FCG21-12

FCG21-12, stationed near the canyon floor and drilling steeply to the northeast, was designed to test the down-dip extent of the Colorado SW gold mineralization encountered in FCG20-05 with a 40-metre step out. FCG21-12 intersected the Colorado SW zone of gold mineralization over a 92 metre down hole distance with three of the more notable drill intercepts grading:

6.3 g/t Au over 3.6m from 224.4 to 228.0m;
2.5 g/t Au over 24.5m from 235.5 to 260.0m;
1.6 g/t Au over 25.5m from 271.9 to 297.4m; with additional notable intervals presented in Table 1.

There are now 8 holes drilled by the Company (FCG20-02, FCG20-03, FCG20-05 to FCG21-08, FC21-11, and FC21-12) on a 150 metre wide section that have confirmed continuity of the thick Colorado SW gold zone along a 300 metre down dip extent since its discovery in 2020. Including holes drilled by past operators, the Colorado SW zone is modelled to extend for 800 metres down dip from surface and remains open on strike and down dip.

There are four holes, FCG21-13 through FCG21-16, drilled in 2021 with assays pending and expected over the coming weeks.

FCG 21-13 and FCG21-14, stationed in the Colorado Pit, were designed to infill an area below the pit that had a gap in the historic drill coverage to assist with the modelling of the upper region of the Colorado SW zone.
FCG21-15, stationed near the canyon floor on the same drill pad as FCG21-12 and drilling almost vertical to the northeast, was designed to further extend the Colorado SW gold mineralization 30 metres down dip from FCG21-12.
FCG21-16, stationed on the canyon floor at the junction of the Fondaway Canyon and North Fork drainages and drilled to the northwest, was designed to extend the North Fork gold zone 30 metres off-section to the northwest, from holes FCG20-04, FCG21-09, and FCG21-10.

Table 1: FCG21-11 and FCG21-12 Significant Gold Grade Intervals

To view an enhanced version of Table 1, please visit:
https://orders.newsfilecorp.com/files/3941/109812_da212693f4ae39ad_003full.jpg

Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release.

The 2021 drill core is being processed using the same methods as the 2020 drill program. The core is cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.

Highlighted drill intervals are based on a 0.25 g/t Au cut-off, minimum interval lengths of 3.3 metres (10 feet), and a maximum of 3.3 metres of internal dilution, with no top cut applied. All intervals are reported as downhole drill lengths and additional work is required to determine the true width.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star and Hot Springs Peak. Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19 Corona virus. The Company continues to monitor the situation and is in compliance with all government guidelines.

***The company invites all interested media and investors to join President Mike Sieb for an online presentation of 2021 drill results at a Live event Thursday, January 13 at 1pm PST. The session will include a live question and answer period. Register here: https://app.livestorm.co/getchell-gold/getchell-gold-drill-results-jan-13-2022?type=detailed

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com or at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO
Getchell Gold Corp.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Not for distribution to U.S. news wire services or dissemination in the United States.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the private placement and the completion thereof and the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, use of proceeds from the financing, capital expenditures and other costs, and financing and additional capital requirements. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

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Getchell Gold Corp. Appoints Michael Hobart to Board of Directors

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce the appointment of Michael Hobart to its board of directors, effective immediately.

Mr. Hobart is a seasoned legal professional with a strong background in securities, corporate finance, and mergers and acquisitions within the mining industry. He brings extensive experience advising Canadian and international clients on public equity and debt offerings, mining asset transactions, joint ventures, and mining agreements.

"We are delighted to welcome Michael Hobart to Getchell's board of directors." said Mr. Bob Bass , Chairman of Getchell Gold Corp. "His expertise in securities law, corporate finance, and deep understanding of the mining sector will be invaluable as we advance our gold exploration projects in Nevada ."

Mr. Hobart currently serves on the board of Galleon Gold Corp. and, as a partner at Fogler, Rubinoff LLP with over 30 years of experience in the mining industry, Michael is a trusted advisor to numerous companies in the sector.

"I am excited to join the Getchell board and believe that the Fondaway Canyon gold project, with its large mineral resource estimate, located in Nevada , a premier mining jurisdiction, coupled with the strong gold price, will be an attractive acquisition target for gold producers." said Mr. Hobart. "I look forward to assisting the Company in achieving the value recognition this project deserves."

The Company further announces that it has awarded incentive stock options pursuant to its stock option plan, to various directors, officers and consultants of the Company, to purchase up to an aggregate of 2,575,000 common shares of the Company. The stock options are exercisable at a price of $0.14 per share and expire 5 years from the date of grant.

About Getchell Gold Corp:

Getchell Gold Corp is a Nevada -focused gold and copper exploration company with a primary focus on advancing its 100% owned Fondaway Canyon gold project. The Company is committed to responsible exploration and development practices to maximize shareholder value.

For further information, please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

Forward looking statements:

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Getchell Gold Corp.

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PRESS RELEASE FOR EARLY WARNING REPORT REGARDING GETCHELL GOLD CORP.

On May 2, 2024 Robert (Bob) Bass of Ontario, Canada acquired, through Bass Research Services Ltd., non-convertible debentures for principal amount of $300,000 (" Debentures ") and 3,000,000 debenture warrants (" Debenture Warrants ") of Getchell Gold Corp. (the " Company ") pursuant to a private placement, representing securities convertible into approximately 2.3% of the Company's issued and outstanding shares on an undiluted basis. Each Debenture Warrant entitles the holder to purchase a common share of the Company at $0.16 per share until May 2, 2027 . 50% of the Debenture Warrants vested on closing of the private placement, and the remaining 50% will vest and be exercisable on July 2, 2025 if the non-convertible debentures are not paid by such date.

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Getchell Gold Corp. Announces Closing of Debenture Financing

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has closed the third and final tranche of its previously announced debenture financing (the " Debenture Financing "). In this third tranche of the Debenture Financing, the Company closed on $1,441,900 aggregate principal amount of non-convertible debentures. As part of the Debenture Financing, the Company issued 14,419,000 warrants (each a " Debenture Warrant "). Each Debenture Warrant entitles the holder to purchase a common share of the Company at $0.10 per share until May 2, 2027 . 50% of the Debenture Warrants vested on closing and the remaining 50% will vest and be exercisable on July 2, 2025 . Combined with the first and second tranches of the Debenture Financing, the Company issued non-convertible debentures in the aggregate principal amount of $4,363,318 and an aggregate of 43,633,180 Debenture Warrants.

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Getchell Gold Corp. Announces Warrant Extension and Debt Settlement

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (" Getchell" or the " Company ") announces that it proposes to extend the expiry dates of an aggregate of 5,202,250 outstanding share purchase warrants, as described below.

The Company issued 3,011,250 warrants with an exercise price of $0.50 pursuant to a private placement of units that closed on May 14, 2021 (the " 2021 Warrants "). The original exercise price of the 2021 Warrants was $0.65 and the exercise price was previously repriced to $0.50 . The original expiry date of the 2021 Warrants was May 14, 2023 , and the expiry date of the 2021 Warrants was previously extended to May 14, 2024 . The Company proposes to extend the expiry date of the 2021 Warrants by an additional 12 months, such that 2021 Warrants will expire on May 14, 2025 . All other terms of the 2021 Warrants remain unchanged.

The Company issued an aggregate of 2,191,000 warrants with an exercise price of $0.60 pursuant to a private placement of units that closed on May 30, 2022 (the " 2022 Warrants "). The original expiry date of the 2022 Warrants was May 30, 2024 . The Company proposes to extend the expiry date of the 2022 Warrants by an additional 12 months, such that 2022 Warrants will expire on May 30, 2025 . All other terms of the 2022 Warrants remain unchanged.

Warrant holders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to the Company in order to effect the exercise of the warrants.

The Company further announces that it intends to enter into debt settlement agreements with two directors of the Company to settle outstanding bona-fide indebtedness in the aggregate amount of $6,000 in exchange for 54,545 common shares of the Company at a price of $0.11 per share. The amount of indebtedness represents outstanding amounts owing for director services provided to the Company. The Company also proposes to issue common shares to the two directors as monthly payment for director services, issuable on a quarterly basis. All shares issued will be subject to a four-month hold period.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage, 100% owned, Fondaway Canyon gold project, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio are the 100% owned; Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag), and Hot Springs Peak (Au) projects. Fondaway Canyon and Dixie Comstock properties are located in Churchill County, Nevada .

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the extension of the 2021 and 2022 Warrants, entering into the debt settlement agreements, and future payment of director fees in common shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Getchell Gold Corp.

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Getchell Gold Corp. Announces Final Tranche of Debenture Financing

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce the final tranche of its debenture financing (the " Debenture Financing "). In this third tranche of the Debenture Financing, the Company has subscriptions for $1,441,900 principal amount of non-convertible debentures, for total aggregate funds of $4,363,318 across all tranches of the Debenture Financing. In connection with this closing, the Company will issue 14,419,000 warrants (each a " Debenture Warrant "). Each Debenture Warrant will entitle the holder to purchase a common share of the Company at $0.10 per share for three years. 50% of the Debenture Warrants will vest on closing and the remaining 50% will vest and be exercisable 14 months following closing if the Debenture has not been repaid prior to that vesting date.

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