Gladiator Metals Corp. provides an update on exploration at the Whitehorse Copper Project with multiple, significant, undrilled, large scale magnetic anomalies identified from recently completed drone magnetic surveys along strike of historical mining operations at the Cowley Park and Cub Trend deposits. Newly identified key target areas include: Historical exploration of the Whitehorse Copper Belt was largely driven by the discovery of outcropping zones of copper skarn mineralization with drilling stepping out from these initial discoveries to determine the size and potential of prospective areas.

This survey was designed to target areas of prospective geology under the thin glacial tills and glaciofluvial sediments that cover much of the Whitehorse Copper Belt. Most of the mineralization in the belt consists of magnetite-copper skarn mineralization that eludes a high magnetic response and, as such the drone magnetics have the potential to be a direct detection tool for concealed bodies of mineralization. The drone magnetics also acts as a preliminary geological tool to help map out the contact between the Cretaceous Whitehorse Batholith and the Triassic Lewes Carbonate sediments.

This contact is the primary vector for mineralization in the district with all bodies of mineralization is covered to date lying within 150m of this boundary. Therefore, the constraint of this prospective horizon under the thin cover sequences will help to open-up multiple, new areas for exploration in the coming months and to focus Gladiator's efforts on the more prospective targets. The magnetic survey will also be processed to derive a three-dimensional inversion model to target prospective magnetite-skarn bodies below the surface and to aid in drill planning and targeting.

Summer field campaigns have now commenced and will follow up on all identified targets and magnetic anomalies with mapping, rock chipping and soils sampling to be shortly followed by ground based geophysical surveys (IP and EM). These surveys are designed to advance and prioritise target areas ahead of planned drilling campaigns in Third Quarter 2024. Work completed to date, including the review of the aeromagnetic data received to date, has identified more than 30, drill ready, high-grade regional targets associated with copper rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to Jurassic Lewes River Group's clastic and carbonate metasediments.

Cumulatively, there is more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper+/-molybdenum+/-silver+/- gold. The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The project comprises 133km2 of prospective geology in the Whitehorse Mining District.

Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it became to be known. The Whitehorse Copper Belt comprised over 40 prospect areas, primarily copper skarn occurrences, within a 25km radius of historical mining operations. Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized material milled (Watson, 1984).

The Project is accessible through numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the majority of the claim package. Access to existing electric power facilities is available through the main Yukon power grid.