Base Metals

Romios Gold Discovers High-Grade Gold Veins Assaying up to 72.6 g/t Au on the North West Claims Project, Golden Triangle, B.C.

Romios Gold Discovers High-Grade Gold Veins Assaying up to 72.6 g/t Au on the North West Claims Project, Golden Triangle, B.C.

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that is has discovered a series of high-grade gold veins assaying from 12.65 gt Au to 72.6 gt Au in four of five samples on its North West claim block in the Golden Triangle of NW British Columbia. The veins appear to be controlled by a well-developed set of NW-SE trending faults.

Romios' VP of Exploration, Mr. John Biczok, P. Geo, commented, "Romios' brief 2022 exploration program on the North West claims resulted in not only the highest-grade gold assays ever found on the property but also the identification of a set of probable control structures up to 1 km long that now provide an exciting focus for our future exploration work."

Highlights:

  1. Four high-grade gold veins returned 4 assays between 12.65 and 72.6 g/t Au.
  2. A 5th assay of 1.23 g/t Au came from a chip sample
  3. The mineralized veins are distributed along a >500 metre long trend on Romios' North West claim block(Map 1).
  4. These results are from chip samples across vein widths of 10 to 60 cm within fault zones from 1 m to more than 8 m wide (See Table 1).
  5. Anomalous gold levels of 0.14 to 0.45 g/t Au were detected in 5 additional veins as well as a quartz flooded, pyritic patch in the host granodiorite that also assayed 0.57% Cu.
  6. The largest and most mineralized veins tend to be aligned in a NW-SE direction, parallel to a nearby prominent series of unexplored lineaments/fault structures up to 1 km long that are visible in recent satellite imagery (see Map 1).
  7. The host granitic rocks are part of the Texas Creek plutonic suite, the same series of intrusions associated with multiple past producers and major deposits in the Golden Triangle including Silbak Premier, Scottie Gold, KSM, SNIP, etc.

"The broad extent of the high-grade gold veins discovered this year is very encouraging," stated Romios' CEO and President, Mr. Stephen Burega. "Even though some of these high-grade veins are narrow where exposed, the fact that they are spread out along a >500 m trend that is parallel to some very prominent fault lineaments nearby provides a realistic opportunity to find larger, more extensive veins in those major structures. The discovery on the North West claims is just one of the encouraging set of recent results from Romios' pipeline of grass-roots to advanced projects in this highly endowed portion of the Golden Triangle" he continued.

BACKGROUND INFORMATION

The area between the exposed mineralized veins is covered with a veneer of glacial till from a rapidly receding glacier. It is currently unknown if the high-grade veins sampled in 2022 are connected along a single structure, however, they are aligned in the same orientation as a prominent set of NW-SE lineaments beginning in the extensive outcrops about 200 m to the southwest (See Map 1). This set of potential controlling structures has not been specifically targeted in past years and now forms a high-priority target for future exploration.

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Map 1: North West claims gold showings and lineaments on a Worldview 3 satellite image

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In 2021, Romios discovered three mineralized quartz + pyrite veins assaying 5.28 - 8.9 g/t Au in outcrop and boulders located 1.1 km to the SSW of the high-grade samples reported herein (see Romios news release Oct. 27, 2021) and, in 2010, another Romios crew located more modest mineralization 670 m to the SW in a quartz vein that assayed 1.65 g/t Au plus 19 g/t Ag and 0.19% Cu (Map 1). This crew also located the original high-grade sample (16.5 g/t Au) that was followed up in 2022 and resulted in the high-grade discoveries reported in this news release.

These recent gold discoveries on Romios' North West Claims block are within 4.4 km of the partially cleared road route to Teck and Newmont's enormous Galore Creek Cu-Au-Ag porphyry deposit(s) which is now in the final stages of a pre-feasibility study (See website at www.gcmc.ca). They are also just 4 km east of the Stikine River, which was a major barge route between the seaport of Wrangell, Alaska and the community of Telegraph Creek in the past (see Map 2).

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Map 2: Romios' North West claim block and 2022 gold discoveries on a topographic map. All surrounding claims are held by the Galore Creek Mining Corp.

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Table 1: Descriptions of the highest-grade auriferous vein samples.

SAMPLE #EastingNorthingDescriptionAu g/t
B994603341101632960410 cm chip across narrow part of the main fault-fill
quartz vein in shear zone >8 m wide
72.6
B994606341102632958450 cm chip of large quartz vein on strike from
B994603. Vein swells to 1 m.
1.23
B994607341102632958075 cm chip of vein ~5m along strike to SE of B994606.12.65
B994608341209632947710 cm chip of a quartz-pyrite vein on small cliff face.33.1
B994614341515632932360 cm chip of quartz vein with minor pyrite, chalcopyrite; in a fault zone >2 m wide.30.7

For more information, please click here for Romios' website.

QA/QC

The samples discussed in this document were grab and chip samples considered representative of the outcrops and mineralization being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, BC for gold assay and multi-element analyses. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The Company retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Property in BC.

For more information, visit www.romios.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here.

For further information, please contact:

Stephen Burega, President and CEO - 647-515-3734 or sburega@romios.com

John Biczok, P. Geo., VP of Exploration - 613-410-7877 or jbiczok@romios.com

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151540

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For more information, visit www.westerncopperandgold.com

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

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