Sitka Gold Corp. announced that it has entered into amending agreements dated April 22, 2024 to acquire a 100% ownership in the RC and BeeBop properties, two of the underlying properties that comprise the Company's road accessible, 386 square kilometre RC Gold Project located in Yukon's Tombstone Gold Belt. The amendments to the RC and BeeBop option agreements in addition to the previously announced Barney Ridge property amendment and Clear Creek property amendment will complete Sitka's acquisition of 100% ownership of all the underlying properties that comprise the district-scale and road accessible RC Gold Project.

The RC and BeeBop properties are adjacent to the east of the Clear Creek property which hosts the Blackjack and Eiger gold deposits. While exploration on the RC and BeeBop claims has been limited, these road accessible properties have multiple intrusion related gold deposit targets that have mineral characteristics similar to the mineralization present at expanding Blackjack and Eiger gold deposit, which remain open in all directions. While primary focus remains on expanding the current resource contained within the Blackjack and Eiger Gold deposit area, the company look forward to following up on the promising targets at the RC and Bee Bop claims as well as elsewhere across Project.

The Company recently completed two drill holes totaling 1,085 metres during the winter phase of a planned 15,000 metre diamond drilling program at the RC Gold Project for 2024. All core samples for these drill holes have been delivered to the lab and assays are currently pending. Exploration on the Property has mainly focused on identifying an intrusion-related gold system ("IRGS").

Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in the Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut. The Company recently announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t at its RC Gold Project in Yukon.

A total of approximately 7,585 metres of additional diamond drilling within 18 drill holes has been completed at RC Gold since the announcement of the Mineral Resource Estimate. Simpson, R. January 19, 2023. No forward-looking statement can be guaranteed and actual future results may vary materially.

Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release.