NewOrigin Gold Corp. has commenced an airborne geophysical survey at the Company's Sky Lake project located 25 kilometres ("km") southwest of the Pickle Lake Gold Mining District in northwest Ontario. The survey will provide extensive new airborne geophysical coverage, in order to better identify drill targets east of NewOrigin's Koval gold deposit. The survey is being carried out by Geotech Ltd. Of Aurora, Ontario, who are flying a "VTEM" electromagnetic and magnetic survey over the eastern half of the property. NewOrigin had previously covered the western portion of the property with airborne geophysics, however the eastern portion of the current property was not held by the Company at that time. The survey will cover an area of approximately 18 km by 4 km starting from the eastern boundary of the Koval gold deposit to the very eastern perimeter of NewOrigin's claims. The survey will help to better understand geophysical characteristics east of the Koval gold deposit and along trend from the nearby Kasagiminnis gold deposit, owned by Ardiden Limited ("Ardiden"). The Koval gold deposit was discovered and partially delineated during the 1950's and has seen little work for the past 60 years. A small, non-National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate was calculated for the deposit by Hasaga Gold Mines Ltd., a mine operator at Pickle Lake in the 1950's. The deposit is open at depth and along trend. With the exception of the JORC compliant Kasagiminnis inferred gold mineral resource estimate outlined by Ardiden in September 2019, located approximately 6 km to the northeast of the Koval deposit and surrounded by mineral claims owned by NewOrigin, this portion of the Sky Lake property has seen sparce exploration and no
groundwork since the 1980's. Overall, the 100% owned Sky Lake property covers 90 km2 and extends 27 km along a well-mineralized belt of volcanic and sedimentary rock that lies midway between the past-producing gold deposits of the Pickle Lake Gold District and the Dona Lake Mine to the northeast and the Golden Patricia gold mine to the west. Collectively, the area hosts over 3.5 million ounces of gold. In January 2022, NewOrigin completed the acquisition of the Koval patented mining claims from Barrick Gold Corporation. These claims cover an area of 294 hectares and host a non-NI 43-101 estimated gold mineral resource. The Sky Lake property benefits from nearby infrastructure as the eastern edge the property adjoins highway 199 and power transmission lines. The geological environment at Sky Lake is interpreted by management to strongly resemble that of the Bousquet-LaRonde Gold District in Quebec, from which over 25 million ounces of gold have been recovered by a number of senior gold producers. The current airborne survey will assist with the planning of a proposed drilling program at Koval and nearby targets. The results of the airborne survey will be reported following its completion.