Japan Gold Provides Update On The Barrick Alliance |

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to provide an update on the progress of the Barrick Alliance following the 6-month extension to its Initial Evaluation Phase in February 2022.

Thorough field and data reviews were completed by senior Barrick and Japan Gold personnel from May to July this year across identified areas of high-prospectivity within the 29 project Barrick Alliance portfolio. These comprehensive reviews will allow Barrick to decide on projects that meet their criteria for advancement to the Second Evaluation Phase by August 31, 2022.

As part of the Barrick Alliance agreement, Barrick agreed to sole fund a 2-year Initial Evaluation Phase of all 29 projects and sole fund a subsequent 3-year Second Evaluation Phase on projects which meet their criteria. In February 2022, Barrick requested a 6-month extension to the two-year Initial Evaluation Phase to August 31st due to delays and travel restrictions caused by the global Covid pandemic.

Barrick's criteria for project advancement requires the potential for a project to host either a Tier 1 or Tier 2 ore body. Tier 1 projects are defined by Barrick as having 5 million ounce or greater potential with annual production of at least 500,000 ounces of gold for 10 years, Tier 2 projects have 3 million ounce or greater potential with annual production of 300,000 ounces of gold for 10 years.

Following Barrick's decisions, Japan Gold will continue to provide full support and management of the Alliance Second Phase Evaluation programs.

John Proust, Chairman & CEO commented, "With the thorough evaluations completed by the Alliance, the Company now holds a comprehensive and unique data set on Japan's epithermal-gold districts and is positioned to advance areas of high-prospectivity which don't fit Barrick's criteria but can still host large high-grade gold deposits.

On behalf of the Board of Japan Gold Corp.

The technical information in this news release has been reviewed and approved by Japan Gold Vice President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team represent decades of resource industry and business experience, and the Company has an operational team of geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at www.japangold.com or by email at info@japangold.com

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2022 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133099

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Company Highlights First-mover status as an international gold explorer in Japan30 gold exploration projects in the safe and stable jurisdiction of JapanProjects host over 40 past-producing mines with high-grade gold mineralizationCountry-wide alliance in Japan with the Barrick Gold CorporationNewmont Corporation as a significant shareholderManagement team with extensive local knowledge Overview Japan Gold (TSXV:JG) is a gold exploration company with a vast portfolio of 30 gold projects across the island nation of Japan. Japan Gold's leadership team has long recognized the potential for gold exploration in Japan. When the Japan Mining Act was amended in 2012 for the first time, allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was the first foreign mineral exploration company to seize this opportunity. Japan Gold is the only foreign mineral exploration company to focus solely on gold exploration in the country and has gathered a large portfolio of projects that collectively host over 40 past-producing gold mines and workings which were all shut down during World War II due to a government moratorium on gold mining. During February 2020, Japan Gold announced a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan. The Japan Gold-Barrick alliance includes 28 out of 30 projects currently held by Japan Gold. Japan Gold will continue to advance the Ikutahara Project in Hokkaido and the Ohra-Takamine Project in Kyushu independently guided by the Japan Gold/Newmont Technical Committee. Newmont Corporation has a joint venture right of first refusal on these two projects. As a first-mover in the country, Japan Gold has also taken the opportunity to establish strong relationships with local universities and industry specialists, incorporating some of these—such as Mitsuhiko Yamada and Takashi Kuriyama—into its management team and board of directors. This first-mover position has also made the company a key resource for other organizations looking to partake in gold exploration in the region. Japan Gold is led by an exceptional management team with extensive local knowledge and relationships. This team is supported by a knowledgeable board of directors and advisors. As Japan Gold is a spinoff of Southern Arc Minerals Inc (TSXV:SA)—a company that shares many of the same directors—26 percent of the company is held by its predecessor, giving the company a unique share structure. Over the course of the next 12 months, Japan Gold plans to complete large scale, regional programs under the Japan Gold-Barrick alliance which is expected to include geochemical (BLEG) stream sediment analysis and geophysical analysis over the 28 projects included in the alliance. These programs are guided by the Japan Gold-Barrick Alliance Technical Committee. In addition, the company plans to fully evaluate and drill permit three prospects on the two projects excluded from the Barrick alliance. Newmont has a joint venture right of first refusal on these two projects. Japan Gold plans to complete drill programs on at least two of these prospects over the next 12 months. These programs are guided by the Japan Gold/Newmont Technical Committee.Mining in Japan As a safe and stable jurisdiction, Japan hosts 76 known past producing gold mines, including five gold deposits greater than one million ounces. All of Japan's gold mines were shut down in 1943 as part of a moratorium that was implemented by the government in light of World War II. Following that, there was a short period of small-scale production in the 1960s and 1970s and since then, production has been limited to a handful of mines including the Hishikari mine, which still produces today and is one of the world's highest-grade gold mines. The Hishikari mine has produced over 7.8 million ounces of gold between 1985-2019 at an average grade of 30-40 g/t gold.Mining in Japan Understanding the potential for gold exploration in the island nation, Japan Gold has entered the country as a first mover, collaborating with local companies and universities while engaging with local directors and advisors.Key Projects The Ikutahara Project – Hokkaido, Japan The most advanced of Japan Gold's projects is the 205.13 square kilometer Ikutahara project, located in Japan's northern island, Hokkaido. The project hosts 20 historic mines and workings, making it highly prospective for gold mineralization. Based on the results of Japan Gold's review of historical data and validation by its own in-house field programs, a Phase 1 scout drill program was completed in 2019. The surface geochemistry, CSAMT and gravity geophysics collected over the Kitano-o Prospect, along with the Phase 1 drill program results, have refined the company's understanding of the geology of the Kitano-o hydrothermal system and give strong vectors to the eastern side of the prospect. It is now interpreted that the western part of the Kitano-o Prospect represents the 'lateral outflow' of a large epithermal system, developed at depth in the eastern part of the three-kilometer-long prospect.Kitano-o Gold District The historic Kitano-o Gold district comprises eight historic mines and workings over an approximate seven-by-four-kilometer area and includes the Kitano-o prospect. The district is highlighted by an extensive co-incident gold-arsenic-antimony mercury anomaly in stream sediment samples over the area.Kitano-o Prospect The Kitano-o prospect, which includes the Kitano Mine, is located within a seven-by-four-kilometer gold district which hosts seven additional gold prospects. The Kitano-o mine produced more than 96,000 ounces of gold at an average grade of 5.9 g/t gold primarily from shallow open-pits along a three-kilometer alteration corridor, prior to the government-imposed closure in 1943. Phase 1 drill testing of the western side of the Kitano-o Prospect was completed in late December 2019 with six diamond drill holes, totaling 2,837 meters. Drilling targeted depth extensions of the western end of a well-defined vein-corridor exposed within extensive shallow open-pits and geophysical anomalies. Significant zones of quartz veining were intersected corresponding to those mapped at surface, however, the low tenor of gold reported from drill core assays does not adequately reflect the over 96,000 ounces of gold mined from the exposed paleosurface sinter deposits in the open pits. The eastern side of the Kitano-o prospect has now been identified as a key target area for Phase 2 drilling. Gold historically mined at the surface at the Kitano-o Mine is interpreted to have been deposited at the paleosurface during deposition of a silica-sinter apron through lateral outflow. Silica-rich fluids that formed the sinter, also carrying gold, flowed upwards then laterally out from hot spring vents connected to a deep epithermal boiling zone. Rock samples collected from the eastern side of the Kitano-o prospect show high gold and antimony values potentially indicating higher temperatures of deposition and closer proximity to the 'upflow' or 'boiling zone' where gold was precipitating. The figure below represents Japan Gold's current interpreted geological model for the Kitano-o prospect.Ryuo Prospect The Ryuo mine, operated prior to 1943, was developed on five vein zones identified within a 1,000-meter by 400-meter NE-SW oriented zoned alteration system, which remains open to the southwest. The Metal Mining Agency of Japan (MMAJ) reported data on the Jinja and Shouei veins and shows workings developed on up to six levels to a depth of 75 meters below the surface. Underground workings of the Jinja veins were re-sampled during the 1950s and some noticeably high-grade samples were reported. Historic channel samples include results that show high-grade shoot development such as 72 meters with average grades of 40.8 g/t gold and 168 g/t silver in addition to 9 meters of 31 g/t gold and 268 g/t silver. CSAMT and gravity geophysics have been completed in selected areas and a Phase 1 scout drilling is currently being permitted.Japan Gold's Key Kyushu ProjectThe Ohra-Takamine Project The Ohra-Takamine Gold prospect lies within the highly gold endowed Southern Kyushu Epithermal Gold Province and hosts five historic gold mines, the Matsuno, Urushi, Takamine, Ohra, and Aira Yamada Mines, which define a northeast-oriented structural corridor. In excess of 11 million ounces of gold have been produced from high-grade low-sulfidation epithermal gold deposits in the province. Notable producers include the Hishikari Mine with 7.8 million ounces of gold produced to date at average grades of 30-40 g/t gold; Kushikino Mine with 1.8 million ounces at 6.7 g/t gold, the Yamagano Mine with 910,000 ounces at 17.4 g/t gold and the Okuchi Mine with 714,000 ounces at 13.6 g/t gold. A 35 line-kilometer, grid-based, CSAMT geophysical survey was completed along a 4.2-kilometer portion of the Ohra-Takamine Mine corridor. The CSAMT geophysical survey at the Ohra-Takamine project was undertaken to identify zones of sub-surface electrical resistivity and conductivity, representing silicification and clay alteration related to epithermal vein systems. Results of the CSAMT survey at Ohra-Takamine are very encouraging and have defined a number of linear kilometric-scale, contiguous resistive zones (CSAMT anomalies), locally extending to depth across the survey area. Prospect-scale gravity readings were collected over an eight-by-four kilometer area with nominal 60 to 100-meter spacings along access roads and ridgelines and merged with Geological Survey of Japan gravity data to produce a new suite of processed gravity images. The spatial relationship between gravity highs and the major low-sulfidation epithermal gold deposits in the province is well described in the literature, and uplift or doming of the underlying basement, producing gravity anomalies, is interpreted as a key factor in the development of deep-seated fracture pathways for hydrothermal fluid flow and subsequent quartz vein development in these mines. Geophysical surveys completed to date are expected to add a vital third dimension to the epithermal targets at the Ohra-Takamine Project.Management Team John Proust – Chairman and CEO John Proust has successfully founded and managed a number of resource companies. Mr. Proust has served on the boards and held senior operating positions, and has directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions and corporate restructuring since 1986. Mr. Proust is currently Chairman and CEO of Southern Arc Minerals Inc., Chairman and a director of Canada Energy Partners Inc., and a director of Rise Gold Corp. Mr. Proust has extensive experience in corporate governance, is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director.Dr Michael Andrews, PhD, FAusIMM – Director Dr. Mike Andrews is a geologist with more than 40 years of research and mining industry experience in gold, copper, coal and iron. He holds an honours degree in Geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is also currently President & COO and a director of Southern Arc Minerals Inc., and a Non-executive Director of Kingsrose Mining Limited. He was a founding director of Kingsrose Mining Limited and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo Gold Mine in Indonesia. Dr. Andrews also held the positions of Executive Director and Chief Geologist of AuIron Energy Ltd., Director of Gold Operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian Joint Venture, an exploration portfolio of thirteen gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining Ltd, Aurora Gold Ltd., and Muswellbrook Energy and Minerals.John Carlile, BSc, MSc, FAusIMM – Director John Carlile is a geologist with more than 35 years of experience in the resource industry. He has held senior executive and director positions with both major and junior resource companies, including as President of Indonesian and Philippines subsidiaries of Newcrest Mining Limited. As a geologist, he has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. He has served on the boards of several resource companies, and currently holds the position of director for Southern Arc Minerals Inc. and Non-executive director of Kingsrose Mining Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from the Royal School of Mines, Imperial College, University of London. He is a Fellow of the AusIMM and a Fellow of the Geological Society of London.Takashi Kuriyama, B.Eng. – General Manager, Exploration Takashi Kuriyama, a geology graduate of the Mining and Geology Department of Akita University, served in increasingly senior roles with Sumitomo Metal Mining Co., Ltd. (“Sumitomo") from 1974 until his recent retirement as General Manager of its Global Exploration and Development Department. During his career at Sumitomo, Mr. Kuriyama had the role of Exploration and Geology Manager at Sumitomo's Hishikari world class gold mine in Kyushu, Southern Japan, and subsequently held senior exploration positions in Africa, Australia, Mexico, Canada and the United States of America. In the roles of Executive Vice President of Sumitomo Metal Mining America Inc. and Managing Director of Sumitomo Metal Mining Oceania Pty Ltd., he oversaw the development of the Northparkes copper-gold porphyry copper mine and the Pogo gold mine in Alaska. During his career with Sumitomo, he was seconded to Japanese Government Organizations serving as Councilor at the Metals Exploration Group of the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Director at the Joint Venture Exploration Division for the Metal Mining Agency of Japan (MMAJ). Mr. Kuriyama also served as a Director of Teck Resources Limited from 2006 until 2016.Dr. Kotaro Ohga, PhD – Chief Engineer Kotaro Ohga held the position of Associate Professor at Hokkaido University in the Graduate School of Engineering. With a PhD in Mining Engineering, Dr. Ohga has extensive experience with permitting and drill programs in Japan. As Chief Engineer, Dr. Ohga is the main point of contact between Japan Gold and the Japanese Government, offering invaluable insight and expertise as Japan Gold advances its properties.Andrew Rowe, BSc, MAusIMM – VP Exploration, Japan Country Manager Andrew Rowe comes to Japan Gold through his previous position with Southern Arc Minerals. He joined Southern Arc in 2006 as a Senior Geological Consultant and was soon promoted to Chief Geologist and then Executive Vice President, leading Southern Arc's exploration programs from grassroots exploration through to completion of the first resource estimate at the Company's West Lombok Project. He planned and implemented large-scale exploration programs, managing both the technical and administrative aspects of the projects. He briefly left Southern Arc in December 2014, and then rejoined the Company as a consultant in August 2015 to continue with Southern Arc's exploration projects in Japan. He graduated with a Bachelor of Applied Science degree in Geology from the University of Technology, Sydney, Australia. He is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. He has experience in mineral exploration and project management in Australia and various countries in Southeast Asia including Thailand, Indonesia, Mongolia, China and Laos. During this time he held exploration positions with Renison Goldfields, Normandy Anglo Asia, Phelps Dodge, Aurora Gold and Ivanhoe Mines. Immediately prior to joining Southern Arc he was the principal geologist for Pan Australian Resources Ltd (Laos) and part of the team responsible for successfully bringing the Phu Kham Cu-Au porphyry deposit through to bankable feasibility.Vincent Boon, CPA, CA – CFO and Corporate Secretary Mr. Boon is a chartered accountant with over ten years of professional accounting experience with private and public companies focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Mr. Boon's experience includes financial reporting for both Canadian and U.S. listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. As an employee of J Proust & Associates, an organization providing public company management and venture capital to start-up and junior companies, Mr. Boon is also the CFO of Southern Arc Minerals Inc., Canada Energy Partners Inc., and Rise Gold Corp. Mr. Boon holds a Bachelor of Science degree from the University of British Columbia and is a Chartered Professional Accountant, CPA, CA.Mitsuhiko Yamada, BA – Director Mitsuhiko Yamada is a mining business professional with international experience overseeing all aspects of mining projects from exploration through to production. He earned his degree in International Economics at Keio University and spent his career with Sumitomo Corporation. He worked around the globe for Sumitomo, managing various mining projects and overseeing joint venture relationships with some of the world's biggest mining companies, including Newmont, Phelps Dodge, Teck, Xstrata, Rio Tinto and Sherritt. He held increasing senior roles with Sumitomo, ultimately achieving the position of Executive Officer and General Manager of Mineral Resources. He retired from Sumitomo Corporation in 2012 and is currently a Lecturer of English at the Department of Industrial Engineering & Management at Kanagawa University.Robert Gallagher, BApSc – Director Bob Gallagher has more than 40 years of experience in the mining industry and is a Mineral Engineer with a specialty in mineral processing. Currently Mr. Gallagher is a director for Yamana Gold Inc., Southern Arc Minerals Inc., Capstone Mining Corp., and BC Hydro. Most recently, he held the position of President and Chief Executive Officer at New Gold Inc. Previously, Mr. Gallagher held increasingly senior management roles at Newmont Mining Corporation over a seven-year period, including Vice President Operations, Asia Pacific; Vice President, Indonesian Operations; and General Manager, Batu Hijau. Earlier in his career, Mr. Gallagher worked at a number of operating mines located throughout the Americas and Asia in various engineering, metallurgical, and mine management roles, including most notably 15 years at Placer Dome Inc. Mr. Gallagher has considerable project development and operational experience. He has been recognized by industry associations for his contributions throughout his career, most notably in 2013 he accepted the Prospector & Developer Association of Canada's Viola R. MacMillan Award for Company or Mine Development on behalf of New Gold Inc., and in 2014 he was jointly recognized by the Association for Mineral Exploration British Columbia with the E.A. Scholz Award for excellence in mine development.Dr. Sally Eyre, PhD – Director Dr. Sally Eyre is a mining finance professional with extensive experience in global resource capital markets and mining operations. During 2011 to 2014 she served as President & CEO of Copper North Mining and prior to that she served as Senior Vice President, Operations at Endeavour Mining, responsible for a portfolio of exploration, development and production projects throughout West Africa. She also served as President & CEO of Etruscan Resources Inc. (now Endeavour Mining Corp.), a gold company with producing assets in West Africa. She has served as Director of Business Development for Endeavour Financial Ltd. and has held executive positions with a number of Canadian resource companies. She was appointed Senior Vice President, Corporate Development of Petro Rubiales Energy Corp. (now Pacific Rubiales Energy) and also served as Vice President, Corporate Affairs of UrAsia Energy Ltd. (now Uranium One). In 2003 she served as President & CEO of TLC Ventures Corp. (now Calibre Mining Corp.). She has a PhD in Economic Geology from the Royal School of Mines, Imperial College, London. She is a member of the Society of Economic Geologists (SEG) and a former Director of the SEG Canada Foundation.Murray Flanigan CPA, CA, CFA – Director Mr. Flanigan is a management consultant providing financial advisory services to a number of public and private oil and gas, mining and technology companies in North America and abroad. Mr. Flanigan is a Chartered Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Mr. Flanigan is currently a Managing Principal of Kepis & Pobe Financial Group Inc. and a key member of its executive management team responsible for the negotiation and closing of numerous recent large scale oil & gas transactions in West Africa, offshore Guyana and the Middle East. Prior to founding his own consulting company, Mr. Flanigan served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp., where he was responsible for regulatory reporting and corporate filings for over 15 private and publicly listed companies and limited partnerships in Qwest's portfolio, as well as arranging and closing numerous equity and debt financings. Mr. Flanigan also served as VP Corporate Development for Adelphia Communications Corporation, overseeing the company's financial restructuring and ultimate sale to Time Warner Inc. and Comcast Corporation for approximately US$18 billion.Ian Burney – Director Mr. Burney was the Ambassador of Canada to Japan from 2016 to 2021. Mr. Burney is an accomplished, high-performing public service executive and diplomat with over 30 years of experience in international affairs, particularly in the area of global economic issues. Mr. Burney graduated in 1985 from McGill University, Montreal, with a Bachelor of Arts with honours in Political Science, and in 1986 from University of Toronto, with a Master of Arts in International Relations. Mr. Burney joined the Department of External Affairs in 1987 and has held a range of positions in Ottawa and diplomatic postings overseas.Michael Carrick – Director Mr. Carrick is currently Chairman of RTG Mining Inc. and has been responsible for the development of seven major gold mines in five countries around the world including the development of the largest gold mine in the Philippines. That mine was merged with B2 Gold of Canada in a US$4.5 billion merger. Mr. Carrick is a Chartered Accountant with over 30 years of experience in the resources sector. He holds a degree in Commerce from the University of Natal, and an Accounting and Finance degree from the University of the Witwatersrand, and is a member of the Institute of Chartered Accountants both in South Africa and in AustraliaTanneke Heersche – Director Ms. Heersche is a partner in the Global Mining Group at Fasken Martineau DuMoulin LLP and is the head of the firm-wide ESG Steering Committee. Prior to Fasken, Ms. Heersche was a partner at White & Case LLP where she was co-Chair of the Global Metals & Mining Practice Group and executive managing partner of its Johannesburg office. Ms Heersche is a highly regarded expert and strategic advisor in the natural resources industry with over 25 years of international industry experience. She has a particular emphasis on project development, investment agreement negotiations and the integration of ESG into development frameworks. Ms. Heersche holds an LLB from the University of Toronto and a BSc (Physiology) and BA (German Literature) from Western University .

Japan Gold (TSXV:JG) is a gold exploration company with a vast portfolio of 30 gold projects across the island nation of Japan. Japan Gold's leadership team has long recognized the potential for gold exploration in Japan. When the Japan Mining Act was amended in 2012 for the first time, allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was the first foreign mineral exploration company to seize this opportunity.

Japan Gold is the only foreign mineral exploration company to focus solely on gold exploration in the country and has gathered a large portfolio of projects that collectively host over 40 past-producing gold mines and workings which were all shut down during World War II due to a government moratorium on gold mining.

During February 2020, Japan Gold announced a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan. The Japan Gold-Barrick alliance includes 28 out of 30 projects currently held by Japan Gold.

Japan Gold will continue to advance the Ikutahara Project in Hokkaido and the Ohra-Takamine Project in Kyushu independently guided by the Japan Gold/Newmont Technical Committee. Newmont Corporation has a joint venture right of first refusal on these two projects.

As a first-mover in the country, Japan Gold has also taken the opportunity to establish strong relationships with local universities and industry specialists, incorporating some of these—such as Mitsuhiko Yamada and Takashi Kuriyama—into its management team and board of directors. This first-mover position has also made the company a key resource for other organizations looking to partake in gold exploration in the region.

Japan Gold is led by an exceptional management team with extensive local knowledge and relationships. This team is supported by a knowledgeable board of directors and advisors. As Japan Gold is a spinoff of Southern Arc Minerals Inc (TSXV:SA)—a company that shares many of the same directors—26 percent of the company is held by its predecessor, giving the company a unique share structure.

Over the course of the next 12 months, Japan Gold plans to complete large scale, regional programs under the Japan Gold-Barrick alliance which is expected to include geochemical (BLEG) stream sediment analysis and geophysical analysis over the 28 projects included in the alliance. These programs are guided by the Japan Gold-Barrick Alliance Technical Committee.

In addition, the company plans to fully evaluate and drill permit three prospects on the two projects excluded from the Barrick alliance. Newmont has a joint venture right of first refusal on these two projects. Japan Gold plans to complete drill programs on at least two of these prospects over the next 12 months. These programs are guided by the Japan Gold/Newmont Technical Committee.

As a safe and stable jurisdiction, Japan hosts 76 known past producing gold mines, including five gold deposits greater than one million ounces.

All of Japan's gold mines were shut down in 1943 as part of a moratorium that was implemented by the government in light of World War II. Following that, there was a short period of small-scale production in the 1960s and 1970s and since then, production has been limited to a handful of mines including the Hishikari mine, which still produces today and is one of the world's highest-grade gold mines. The Hishikari mine has produced over 7.8 million ounces of gold between 1985-2019 at an average grade of 30-40 g/t gold.

Understanding the potential for gold exploration in the island nation, Japan Gold has entered the country as a first mover, collaborating with local companies and universities while engaging with local directors and advisors.

The most advanced of Japan Gold's projects is the 205.13 square kilometer Ikutahara project, located in Japan's northern island, Hokkaido. The project hosts 20 historic mines and workings, making it highly prospective for gold mineralization. Based on the results of Japan Gold's review of historical data and validation by its own in-house field programs, a Phase 1 scout drill program was completed in 2019. The surface geochemistry, CSAMT and gravity geophysics collected over the Kitano-o Prospect, along with the Phase 1 drill program results, have refined the company's understanding of the geology of the Kitano-o hydrothermal system and give strong vectors to the eastern side of the prospect. It is now interpreted that the western part of the Kitano-o Prospect represents the 'lateral outflow' of a large epithermal system, developed at depth in the eastern part of the three-kilometer-long prospect.

The historic Kitano-o Gold district comprises eight historic mines and workings over an approximate seven-by-four-kilometer area and includes the Kitano-o prospect. The district is highlighted by an extensive co-incident gold-arsenic-antimony mercury anomaly in stream sediment samples over the area.

The Kitano-o prospect, which includes the Kitano Mine, is located within a seven-by-four-kilometer gold district which hosts seven additional gold prospects. The Kitano-o mine produced more than 96,000 ounces of gold at an average grade of 5.9 g/t gold primarily from shallow open-pits along a three-kilometer alteration corridor, prior to the government-imposed closure in 1943.

Phase 1 drill testing of the western side of the Kitano-o Prospect was completed in late December 2019 with six diamond drill holes, totaling 2,837 meters. Drilling targeted depth extensions of the western end of a well-defined vein-corridor exposed within extensive shallow open-pits and geophysical anomalies. Significant zones of quartz veining were intersected corresponding to those mapped at surface, however, the low tenor of gold reported from drill core assays does not adequately reflect the over 96,000 ounces of gold mined from the exposed paleosurface sinter deposits in the open pits.

The eastern side of the Kitano-o prospect has now been identified as a key target area for Phase 2 drilling. Gold historically mined at the surface at the Kitano-o Mine is interpreted to have been deposited at the paleosurface during deposition of a silica-sinter apron through lateral outflow. Silica-rich fluids that formed the sinter, also carrying gold, flowed upwards then laterally out from hot spring vents connected to a deep epithermal boiling zone. Rock samples collected from the eastern side of the Kitano-o prospect show high gold and antimony values potentially indicating higher temperatures of deposition and closer proximity to the 'upflow' or 'boiling zone' where gold was precipitating. The figure below represents Japan Gold's current interpreted geological model for the Kitano-o prospect.

The Ryuo mine, operated prior to 1943, was developed on five vein zones identified within a 1,000-meter by 400-meter NE-SW oriented zoned alteration system, which remains open to the southwest. The Metal Mining Agency of Japan (MMAJ) reported data on the Jinja and Shouei veins and shows workings developed on up to six levels to a depth of 75 meters below the surface. Underground workings of the Jinja veins were re-sampled during the 1950s and some noticeably high-grade samples were reported. Historic channel samples include results that show high-grade shoot development such as 72 meters with average grades of 40.8 g/t gold and 168 g/t silver in addition to 9 meters of 31 g/t gold and 268 g/t silver.

CSAMT and gravity geophysics have been completed in selected areas and a Phase 1 scout drilling is currently being permitted.

The Ohra-Takamine Gold prospect lies within the highly gold endowed Southern Kyushu Epithermal Gold Province and hosts five historic gold mines, the Matsuno, Urushi, Takamine, Ohra, and Aira Yamada Mines, which define a northeast-oriented structural corridor. In excess of 11 million ounces of gold have been produced from high-grade low-sulfidation epithermal gold deposits in the province. Notable producers include the Hishikari Mine with 7.8 million ounces of gold produced to date at average grades of 30-40 g/t gold; Kushikino Mine with 1.8 million ounces at 6.7 g/t gold, the Yamagano Mine with 910,000 ounces at 17.4 g/t gold and the Okuchi Mine with 714,000 ounces at 13.6 g/t gold.

A 35 line-kilometer, grid-based, CSAMT geophysical survey was completed along a 4.2-kilometer portion of the Ohra-Takamine Mine corridor. The CSAMT geophysical survey at the Ohra-Takamine project was undertaken to identify zones of sub-surface electrical resistivity and conductivity, representing silicification and clay alteration related to epithermal vein systems.

Results of the CSAMT survey at Ohra-Takamine are very encouraging and have defined a number of linear kilometric-scale, contiguous resistive zones (CSAMT anomalies), locally extending to depth across the survey area.

Prospect-scale gravity readings were collected over an eight-by-four kilometer area with nominal 60 to 100-meter spacings along access roads and ridgelines and merged with Geological Survey of Japan gravity data to produce a new suite of processed gravity images. The spatial relationship between gravity highs and the major low-sulfidation epithermal gold deposits in the province is well described in the literature, and uplift or doming of the underlying basement, producing gravity anomalies, is interpreted as a key factor in the development of deep-seated fracture pathways for hydrothermal fluid flow and subsequent quartz vein development in these mines.

Geophysical surveys completed to date are expected to add a vital third dimension to the epithermal targets at the Ohra-Takamine Project.

John Proust has successfully founded and managed a number of resource companies. Mr. Proust has served on the boards and held senior operating positions, and has directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions and corporate restructuring since 1986. Mr. Proust is currently Chairman and CEO of Southern Arc Minerals Inc., Chairman and a director of Canada Energy Partners Inc., and a director of Rise Gold Corp. Mr. Proust has extensive experience in corporate governance, is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director.

Dr. Mike Andrews is a geologist with more than 40 years of research and mining industry experience in gold, copper, coal and iron. He holds an honours degree in Geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is also currently President & COO and a director of Southern Arc Minerals Inc., and a Non-executive Director of Kingsrose Mining Limited. He was a founding director of Kingsrose Mining Limited and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo Gold Mine in Indonesia. Dr. Andrews also held the positions of Executive Director and Chief Geologist of AuIron Energy Ltd., Director of Gold Operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian Joint Venture, an exploration portfolio of thirteen gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining Ltd, Aurora Gold Ltd., and Muswellbrook Energy and Minerals.

John Carlile is a geologist with more than 35 years of experience in the resource industry. He has held senior executive and director positions with both major and junior resource companies, including as President of Indonesian and Philippines subsidiaries of Newcrest Mining Limited. As a geologist, he has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. He has served on the boards of several resource companies, and currently holds the position of director for Southern Arc Minerals Inc. and Non-executive director of Kingsrose Mining Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from the Royal School of Mines, Imperial College, University of London. He is a Fellow of the AusIMM and a Fellow of the Geological Society of London.

Takashi Kuriyama, a geology graduate of the Mining and Geology Department of Akita University, served in increasingly senior roles with Sumitomo Metal Mining Co., Ltd. (“Sumitomo") from 1974 until his recent retirement as General Manager of its Global Exploration and Development Department. During his career at Sumitomo, Mr. Kuriyama had the role of Exploration and Geology Manager at Sumitomo's Hishikari world class gold mine in Kyushu, Southern Japan, and subsequently held senior exploration positions in Africa, Australia, Mexico, Canada and the United States of America. In the roles of Executive Vice President of Sumitomo Metal Mining America Inc. and Managing Director of Sumitomo Metal Mining Oceania Pty Ltd., he oversaw the development of the Northparkes copper-gold porphyry copper mine and the Pogo gold mine in Alaska. During his career with Sumitomo, he was seconded to Japanese Government Organizations serving as Councilor at the Metals Exploration Group of the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Director at the Joint Venture Exploration Division for the Metal Mining Agency of Japan (MMAJ). Mr. Kuriyama also served as a Director of Teck Resources Limited from 2006 until 2016.

Kotaro Ohga held the position of Associate Professor at Hokkaido University in the Graduate School of Engineering. With a PhD in Mining Engineering, Dr. Ohga has extensive experience with permitting and drill programs in Japan. As Chief Engineer, Dr. Ohga is the main point of contact between Japan Gold and the Japanese Government, offering invaluable insight and expertise as Japan Gold advances its properties.

Andrew Rowe comes to Japan Gold through his previous position with Southern Arc Minerals. He joined Southern Arc in 2006 as a Senior Geological Consultant and was soon promoted to Chief Geologist and then Executive Vice President, leading Southern Arc's exploration programs from grassroots exploration through to completion of the first resource estimate at the Company's West Lombok Project. He planned and implemented large-scale exploration programs, managing both the technical and administrative aspects of the projects. He briefly left Southern Arc in December 2014, and then rejoined the Company as a consultant in August 2015 to continue with Southern Arc's exploration projects in Japan. He graduated with a Bachelor of Applied Science degree in Geology from the University of Technology, Sydney, Australia. He is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. He has experience in mineral exploration and project management in Australia and various countries in Southeast Asia including Thailand, Indonesia, Mongolia, China and Laos. During this time he held exploration positions with Renison Goldfields, Normandy Anglo Asia, Phelps Dodge, Aurora Gold and Ivanhoe Mines. Immediately prior to joining Southern Arc he was the principal geologist for Pan Australian Resources Ltd (Laos) and part of the team responsible for successfully bringing the Phu Kham Cu-Au porphyry deposit through to bankable feasibility.

Mr. Boon is a chartered accountant with over ten years of professional accounting experience with private and public companies focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Mr. Boon's experience includes financial reporting for both Canadian and U.S. listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. As an employee of J Proust & Associates, an organization providing public company management and venture capital to start-up and junior companies, Mr. Boon is also the CFO of Southern Arc Minerals Inc., Canada Energy Partners Inc., and Rise Gold Corp. Mr. Boon holds a Bachelor of Science degree from the University of British Columbia and is a Chartered Professional Accountant, CPA, CA.

Mitsuhiko Yamada is a mining business professional with international experience overseeing all aspects of mining projects from exploration through to production. He earned his degree in International Economics at Keio University and spent his career with Sumitomo Corporation. He worked around the globe for Sumitomo, managing various mining projects and overseeing joint venture relationships with some of the world's biggest mining companies, including Newmont, Phelps Dodge, Teck, Xstrata, Rio Tinto and Sherritt. He held increasing senior roles with Sumitomo, ultimately achieving the position of Executive Officer and General Manager of Mineral Resources. He retired from Sumitomo Corporation in 2012 and is currently a Lecturer of English at the Department of Industrial Engineering & Management at Kanagawa University.

Bob Gallagher has more than 40 years of experience in the mining industry and is a Mineral Engineer with a specialty in mineral processing. Currently Mr. Gallagher is a director for Yamana Gold Inc., Southern Arc Minerals Inc., Capstone Mining Corp., and BC Hydro. Most recently, he held the position of President and Chief Executive Officer at New Gold Inc. Previously, Mr. Gallagher held increasingly senior management roles at Newmont Mining Corporation over a seven-year period, including Vice President Operations, Asia Pacific; Vice President, Indonesian Operations; and General Manager, Batu Hijau. Earlier in his career, Mr. Gallagher worked at a number of operating mines located throughout the Americas and Asia in various engineering, metallurgical, and mine management roles, including most notably 15 years at Placer Dome Inc. Mr. Gallagher has considerable project development and operational experience. He has been recognized by industry associations for his contributions throughout his career, most notably in 2013 he accepted the Prospector & Developer Association of Canada's Viola R. MacMillan Award for Company or Mine Development on behalf of New Gold Inc., and in 2014 he was jointly recognized by the Association for Mineral Exploration British Columbia with the E.A. Scholz Award for excellence in mine development.

Dr. Sally Eyre is a mining finance professional with extensive experience in global resource capital markets and mining operations. During 2011 to 2014 she served as President & CEO of Copper North Mining and prior to that she served as Senior Vice President, Operations at Endeavour Mining, responsible for a portfolio of exploration, development and production projects throughout West Africa. She also served as President & CEO of Etruscan Resources Inc. (now Endeavour Mining Corp.), a gold company with producing assets in West Africa. She has served as Director of Business Development for Endeavour Financial Ltd. and has held executive positions with a number of Canadian resource companies. She was appointed Senior Vice President, Corporate Development of Petro Rubiales Energy Corp. (now Pacific Rubiales Energy) and also served as Vice President, Corporate Affairs of UrAsia Energy Ltd. (now Uranium One). In 2003 she served as President & CEO of TLC Ventures Corp. (now Calibre Mining Corp.). She has a PhD in Economic Geology from the Royal School of Mines, Imperial College, London. She is a member of the Society of Economic Geologists (SEG) and a former Director of the SEG Canada Foundation.

Mr. Flanigan is a management consultant providing financial advisory services to a number of public and private oil and gas, mining and technology companies in North America and abroad. Mr. Flanigan is a Chartered Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Mr. Flanigan is currently a Managing Principal of Kepis & Pobe Financial Group Inc. and a key member of its executive management team responsible for the negotiation and closing of numerous recent large scale oil & gas transactions in West Africa, offshore Guyana and the Middle East. Prior to founding his own consulting company, Mr. Flanigan served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp., where he was responsible for regulatory reporting and corporate filings for over 15 private and publicly listed companies and limited partnerships in Qwest's portfolio, as well as arranging and closing numerous equity and debt financings. Mr. Flanigan also served as VP Corporate Development for Adelphia Communications Corporation, overseeing the company's financial restructuring and ultimate sale to Time Warner Inc. and Comcast Corporation for approximately US$18 billion.

Mr. Burney was the Ambassador of Canada to Japan from 2016 to 2021. Mr. Burney is an accomplished, high-performing public service executive and diplomat with over 30 years of experience in international affairs, particularly in the area of global economic issues. Mr. Burney graduated in 1985 from McGill University, Montreal, with a Bachelor of Arts with honours in Political Science, and in 1986 from University of Toronto, with a Master of Arts in International Relations. Mr. Burney joined the Department of External Affairs in 1987 and has held a range of positions in Ottawa and diplomatic postings overseas.

Mr. Carrick is currently Chairman of RTG Mining Inc. and has been responsible for the development of seven major gold mines in five countries around the world including the development of the largest gold mine in the Philippines. That mine was merged with B2 Gold of Canada in a US$4.5 billion merger. Mr. Carrick is a Chartered Accountant with over 30 years of experience in the resources sector. He holds a degree in Commerce from the University of Natal, and an Accounting and Finance degree from the University of the Witwatersrand, and is a member of the Institute of Chartered Accountants both in South Africa and in Australia

Ms. Heersche is a partner in the Global Mining Group at Fasken Martineau DuMoulin LLP and is the head of the firm-wide ESG Steering Committee. Prior to Fasken, Ms. Heersche was a partner at White & Case LLP where she was co-Chair of the Global Metals & Mining Practice Group and executive managing partner of its Johannesburg office. Ms Heersche is a highly regarded expert and strategic advisor in the natural resources industry with over 25 years of international industry experience. She has a particular emphasis on project development, investment agreement negotiations and the integration of ESG into development frameworks. Ms. Heersche holds an LLB from the University of Toronto and a BSc (Physiology) and BA (German Literature) from Western University .

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold") is pleased to announce that Barrick Gold Corporation ("Barrick") has selected six projects from the Barrick Alliance portfolio to continue as Included Projects in the Second Evaluation Phase under the Strategic Alliance Agreement dated February 23, 2020 (the "Alliance Agreement") between Japan Gold and Barrick. In addition, Barrick will be continuing their Initial Evaluation Phase on three project areas that were added to the Barrick Alliance following its formation. Japan Gold will continue to provide full support and management of the Included Projects under the Barrick Alliance.

Barrick's Vice President Exploration, Asia-Pacific, Marian Moroney, commented "The Barrick team is excited that the country-wide screening program has been successful in defining multiple projects which will now receive more focused work programs in order to progress them to the next stage. The programs are likely to include geophysical surveys and drilling on the best targets, as we continue the search for world-class orebodies in Japan."

John Proust, Chairman & CEO commented: "The Japan Gold team has completed an enormous amount of work over the past 2 ½ years evaluating the 29 Barrick Alliance projects in order to demonstrate to Barrick the high quality of the Japan Gold project portfolio and its prospectivity. We are highly encouraged that Barrick has selected 6 projects with the potential to host Tier 1 or Tier 2 ore bodies and we look forward to aggressively advancing these projects."

As part of the Alliance Agreement, Barrick agreed to (i) sole fund a 2-year Initial Evaluation Phase of all 29 projects initially included in the Barrick Alliance, as well as a 2-year Initial Evaluation Phase on any projects subsequently acquired by Japan Gold and included in the Barrick Alliance, commencing on their acquisition date, and (ii) sole fund a subsequent 3-year Second Evaluation Phase on projects which meet their criteria. In February 2022, Japan Gold granted Barrick a 6-month extension, to August 31, 2022, to complete the Initial Evaluation Phase on the original project portfolio, due to delays and travel restrictions caused by the global Covid pandemic.

Barrick requires projects to have the potential to host either a Tier 1 or Tier 2 ore body, in order to advance under the Barrick Alliance. Tier 1 ore bodies are defined by Barrick as having 5 million ounce or greater potential with annual production of at least 500,000 ounces of gold for 10 years and Tier 2 ore bodies are defined as having 3 million ounce or greater potential with annual production of 300,000 ounces of gold for 10 years. The following projects were chosen by Barrick following a comprehensive program of field and data review, completed by senior Barrick and Japan Gold personnel:

John Proust, Chairman & CEO commented, "With the thorough evaluations completed by the Barrick Alliance, the Company now holds a comprehensive and unique data set on Japan's epithermal-gold districts and is well-positioned to advance areas of high-prospectivity which don't fit Barrick's criteria but may still host large high-grade gold deposits.We are internally evaluating all projects that Barrick did not select, which remain at an early stage of investigation but offer exploration potential, with a view to determining which to advance independently or by bringing in additional partners."

The following Figures 1-5 highlight the Barrick selections and changes to the Japan Gold portfolio:

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5665/136038_b90e3a17741c5b8d_001full.jpg

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5665/136038_b90e3a17741c5b8d_002full.jpg

Figure 3: Southwest Hokkaido. To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/5665/136038_b90e3a17741c5b8d_003full.jpg

Figure 4: Noto Peninsula, Honshu. To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/5665/136038_b90e3a17741c5b8d_004full.jpg

Figure 5: Japan Gold projects in the Hokusatsu region, Southern Kyushu.

To view an enhanced version of Figure 5, please visit: https://images.newsfilecorp.com/files/5665/136038_b90e3a17741c5b8d_005full.jpg

On behalf of the Board of Japan Gold Corp.

"John Proust" Chairman & CEO

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

The information in this news release has been prepared as at September 6, 2022. Certain information contained in this news release, including any information relating to the Alliance constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "may", "will" and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to the potential exploration, development and mining of certain mineral projects in the Barrick Alliance and the possibility of continued advancement for certain projects. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Japan Gold as at the date of this news release in light of Japan Gold's management's experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.

Many of these uncertainties and contingencies can affect actual results and can cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Japan Gold. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events and speak only as of the date made. All of the forward-looking statements made in this news release are qualified by these cautionary statements. Japan Gold disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

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Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the commencement of drilling at the Saroma prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.

An initial four scout drill holes have been planned at the Saroma prospect to test a 1 km long section of the Saroma vein. Mapping around the shallow historical workings at Saroma has identified vein zones up to 7 m wide of fine-grained colloform-crustiform-ginguro banded quartz veins. Drilling will target the deeper extensions of these shallowly mined ore shoots for higher-grade mineralization.

John Proust, Chairman and CEO stated "It is great to be drilling another new target from our vast portfolio of properties covering the most prospective epithermal regions of Japan. I am very encouraged by the results our exploration teams are delivering to identify further drill targets which may lead to future discoveries."

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley (Figure 1). Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from the Taiho and Chitose workings, however, records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium.

The Company's field observations at the Saroma prospect show vein structures up to 7 m wide discontinuously exposed along a 1.5 km long strike zone. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform-ginguro banded quartz-adularia textures indicating good preservation of the epithermal system. Quartz veins at Saroma are hosted in Cretaceous basement sediments which form an excellent brittle host rock for veining and the significant strike extent and preservation of the epithermal system supports deeper drill-targeting for high-grade mineralization below the shallowly developed workings.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Figure 1: Saroma Project: simplified geology, historical mines and workings and 2022 scout drill program.

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Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce completion of an additional seven drill holes at the Ryuo prospect, and commencement of drilling at the Kitano-o prospect, both prospects are located within the 100% owned Ikutahara Project in Hokkaido, Japan.

Seven additional drill holes were completed at Ryuo for a total of 2,888 m of diamond drill core between April and June this year. Drilling was positioned to step-out at approximate 50 m intervals from high-grade mineralization encountered in the 2021 drill program, and test continuity of mineralization along strike and to depth (Figure 1 & 2). Samples from the 7 drill holes have been submitted to the ALS laboratory in Vancouver for assay and results are expected to be released in September. For more information on the 2021 drilling results at the Ryuo prospect refer to the Company's news release dated 22nd February 2022.

Drilling operations have now moved to the east side of the Kitano-o prospect where three 700 m deep drill holes are planned. Drilling will target below combined geochemical and geophysical anomalies to locate the deeper source of gold mined from the Kitano-o placer deposits. Surface programs previously completed on the eastern side of the Kitano-o prospect show elevated gold and pathfinder element geochemistry in soil and rock supported by CSAMT resistivity anomalies which lie proximal to the intersection of major gravity inferred graben-bounding and transfer faults (Figure 1).

More than 96,000 ounces of gold were produced from the Kitano-o mine, prior to the government-imposed closure in 19431. Gold was mined along a 3 km long zone from clay-rich placer deposits located immediately below the Kitano-o sinter.

2022 Ikutahara Project Surface Exploration Programs

Sampling of extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect has also commenced (Figure 1). Extensions to the soil grid at Ryuo will aim to advance additional drill targets both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and pathfinder element anomalies on the north side of the grid extend towards the flank of Maruyama rhyolite dome. Dome margins are a prime site for epithermal vein deposits in the region. A good analogy of this is seen at the Konomai mine located 20 km to the north of the Ikutahara project where 2.35 Moz of gold were mined from a series of veins located within and along the margin of a rhyolite dome complex. A 3 km southward extension of the Kitano-o soil grid will further define the strike potential of en echelon veining at the historical Ikutahara and Showa mine workings. Sampling of historic mine dump material by the Company on these shallowly developed workings gave gold grades up to 93.3 g/t Au, refer to the Company's news release dated May 7, 2018.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

"John Proust" Chairman & CEO

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Figure 1: Ikutahara Project: simplified geology, historical mines and workings and 2022 work program locations.

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Figure 2: Ryuo prospect alteration map with rock chip samples, 2021 drill holes, completed 2022 drill holes and historic workings

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Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the "Company") is pleased to announce acceptance by the Japanese Ministry of Economy, Trade and Industry ("METI") of 13 new prospecting rights applications covering 3,972 hectares between its Barrick Alliance Aibetsu and Tenryu Projects, in north Hokkaido.

Stream-sediment samples analysed for gold and pathfinder elements were systematically collected at Aibetsu in 2020-21 as part of the larger regional screening program conducted across the Barrick Alliance projects (Figure 1). A review of the data has identified multiple, strong gold and pathfinder element basin anomalies across the Aibetsu and Tenryu project areas. Anomalous basins include those draining areas of known gold and mercury workings on the west side of Aibetsu and at Tenryu. Additionally, strong and contiguous basin anomalies defining a significantly larger area have now been identified both within and outside of the current project boundaries on the east side of Aibetsu, and Tenryu projects. Based on this information, new prospecting rights applications were filed to cover these open anomalies and the acceptance by METI gives the Barrick Alliance priority to advance the expanded Aibetsu district (Figure 2).

The historic Aibetsu Goldfield includes four known hard rock and eluvial gold and mercury workings including the Tokusei mine (Au), Kinzan (Au), Motoyama (Hg) and Yamamezawa (Hg) workings. The Tokusei gold mine produced 38,000 ounces of gold and 474,000 ounces of silver from underground development between 1930 and 19431.

Historic production at Tokusei came from a swarm of approximately 20 banded epithermal veins hosted in andesitic volcanic rocks. Individual veins varied in length from 22 to 425 metres, and one exceptional vein, the Sanjinhi vein, averaged 6.4 m in width over a 140 m strike length, and averaged 17.7 g/t gold and 20.4 g/t silver2.

Government funded exploration work around the Tokusei mine workings in the late 1990's included a drilled vein intercept of 1.4 m grading 69 g/t gold and 263 g/t silver from a drill hole 500 m to the northeast of the Tokusei mine workings3. The Company has identified extensive areas of anomalous gold and pathfinder elements in soil sampling which highlight the prospectivity of strike extensions at the Tokusei mine. For more detailed information on the Aibetsu Project, refer to the Company's website and news release dated February 28, 2018.

1 Watanabe, Y., (1995). A Tectonic Model for Epithermal Au Mineralisation in NE Hokkaido, Japan. Resource geology Special Issue, No. 18, pp. 257-269.

2 Fujiwara, T., Konoya, M., and Matsui, K. (1960). Geology and mineral deposits in the Aibetsu area, Hokkaido Chikashigen Chosashiryo 59: pp. 1-20 (in Japanese).

3 Metal Mining Agency of Japan, Geological Survey Report for Fiscal Year 2002, North Hokkaido Area.

The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Japan Gold Corp.

For further information, please contact:

John Proust Chairman & CEO Phone: 778-725-1491 Email: info@japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2020 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Kitami Metallogenic Province, Japan Gold & Alliance Projects and significant mines

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Figure 2: Aibetsu and Tenryu projects, prospecting rights and applications

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Japan Gold Commences its 2022 Exploration Programs in Hokkaido

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the commencement of 2022 exploration programs with the start of drilling at the Ryuo prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.

Upon completion of the Ryuo program, drilling will shift to the Kitano-o and Saroma prospects where an additional 7 drill holes comprising approximately 3,500 m of drilling are planned.

Andrew Rowe, Vice President of Explorationcommented, "We are now poised to expand on the exciting high-grade intersections from last year's drilling at Ryuo. With three rigs now turning, and a fourth rig ready, we can quickly position step out holes based on good visual vein intersections.

The dramatic increase in width and grade to depth at the Jinja vein demonstrates significant potential and shows the historic workings only scratched the surface of a well-preserved epithermal system. Similarly, indications point to deeper vein targets below the mineralized eruption breccias at the Ryuei and Buryu zones in the southwest of the prospect.

With an initial 7,000m of drilling on three separate prospects, and other prospect surface programs, we plan to rapidly advance multiple high-ranked prospects at Ikutahara in 2022."

Three separate drill programs are planned for completion in 2022 at the Ikutahara Project, these include the Ryuo, East Kitano-o and Saroma prospects for a total of 7,000 m of diamond drill core. Additional drill meters will be allocated based on success of these programs. All four of the Company's drill rigs and the experienced in-house drilling team are focused on Ikutahara, three rigs are currently drilling, and the fourth rig is in position to allow flexibility of targeting and decrease down-time between drill holes. The Company's drill rig fleet comprises two PMC700 man portable rigs capable of reaching 700 m in NQ, and two PMC400 man portable rigs capable of reaching 400 m in NQ.

Surface exploration programs planned at Ikutahara for 2022 will include significant extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect areas (Figure 1). Extensions to the soil grid at Ryuo will help to define additional vein targets both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and antimony anomalies on the north side of the grid are associated with the flank of the northeast trending Maruyama rhyolite dome, which extends for a further ~1 km to the northeast. Dome margins are a prime location for epithermal vein deposits, and soil sampling along this contact zone will advance the potential of this target. A 3 km southern extension of the East Kitano-o soil grid will further define strike extensions and potential parallel vein zones at the Ikutahara and Showa prospects. Historical workings at Ikutahara and Showa exploited high-grade epithermal veins and grab sampling of historic mine dump material gave gold grades up to 93.3 g/t Au, refer to the Company's news release dated May 7, 2018.

The Ryuo Prospect comprises five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943 (Figure 2). Historical underground sampling of the Jinja vein workings revealed high-grade gold-silver mineralization including 'level 4' of the workings, which were sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m.

During 2021, the Company completed 11 drill holes at Ryuo for a total of 3,207.9 m of diamond drill core (Figure 1). Initially planned 2022 drill holes at Ryuo will step-out on high-grade intersections at Jinja vein including drill hole IKDD21-010 which intersected 20.0 m @ 6.3 g/t Au & 15.7 g/t Ag, and IKDD21-001 which intersected 4.9 m @ 12.1 g/t Au & 33.0 g/t Ag. Drilling at the Ryuei and Buryu breccia zones, located 500 m and 800 m southwest of Jinja, will target depth extensions of ultra-high-grades intersected in 2021including 0.45 m @ 1,395 g/t Au & 768 g/t Ag, and 1.0 m @ 30 g/t Au & 284 g/t Ag from drill holes IKDD21-008 and IKDD21-007. These mineralized quartz veins are hosted in an extensive silicified gold and pathfinder element anomalous eruption-breccia, inferred to represent the top of the epithermal system, below which wider epithermal veins may be developed in the feeder structure of the breccia. Drilling will also target the shallower elevations of a wide, blind vein-stockwork zone intersected along a 29 m length in the bottom of drill hole IKDD21-009. This broad vein zone, anomalous in gold along its length, included an interval of 3.6 m @ 3.0 g/t Au & 23.3 g/t. It is inferred that the shallower elevations of this structure may carry higher gold grades. For more information on the Ryuo 2021 drilling refer to the Company's news releases dated September 14th, 2021 and February 22nd, 2022.

The Kitano-o mine, the Kitami Region's third largest gold mine, produced in excess of 96,000 ounces of gold at a grade of 5.9 g/t1 prior to 1943. Gold was won largely from an eluvial placer deposit located below the sinter. The Kitano-o prospect comprises a large (3 km x 500 m) epithermal hot-spring system defined by silica-sinter outcrops, widespread sinter boulder accumulations, gold bearing sub-sinter quartz veining, and an extensive steam-heated alteration zone. Silica-sinter and steam-heated alteration are the surface manifestation of epithermal gold-silver vein systems developing at depth. The presence of outcropping silica-sinter at Kitano-o implies the epithermal system is preserved and numerous veins directly under the sinter indicate a significant amount of gold has leaked through from boiling-zones located at depth.

Better developed gold and pathfinder element geochemistry developed on the east side of the prospect close to graben margin faults, indicate proximity to a potential boiling zone source of the placer gold at Kitano-o. Three initial drill holes will target the deeper intersection ofsurface geochemical anomalies and coincident CSAMT resistors with Cretaceous basement rocks. The basement rocks are an excellent host for veins, and akin to the setting of bonanza gold-grades seen at the 'Honko' vein in the Hishikari mine in Kyushu.

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on sheeted epithermal veins zones that step along a northeast trending fault zone which extends for at least 3.5 km an along the Saroma valley. Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from Taiho and Chitose, however, historic records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium.

The Company's field observations show vein structures up to 7 m wide along discontinuously exposed strike lengths of up to 1.5 km. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform banded quartz-adularia vein textures indicating good preservation of the basement hosted epithermal vein system. The Cretaceous basement sediments are an excellent brittle host rock for wide vein structures. The significant strike extent of the epithermal vein systems in the Saroma valley and preservation based on vein textures, support scout drilling beneath the shallowly developed workings at Saroma.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2020 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Ikutahara Project: simplified geology, historical mines and workings and 2022 work program locations.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/5665/122910_3cc27495749e7b53_001full.jpg

Figure 2: Ryuo prospect: alteration map with rock chip samples, 2021 drill holes, initially planned 2022 drill holes and historic workings

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/5665/122910_3cc27495749e7b53_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122910

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GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that the Company has received positive recommendations from both Institutional Shareholder Services ("ISS") and Glass Lewis & Co., LLC ("Glass Lewis") in support of the proposed plan of arrangement of GCM Mining and Aris Gold Corporation ("Aris Gold") announced on July 25, 2022.

ISS and Glass Lewis are leading independent, third-party proxy advisory firms who provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.

In making their recommendation, ISS commented:

"The transaction makes strategic sense as the arrangement will create a combined company with a balanced portfolio of operating and development assets with increased scale and diversification, significant free cash flow to unlock shareholder value, and involves potential cost reduction synergies of approximately $10 million per year. In addition, the at-market-value merger is expected to provide the combined company with an opportunity to re-rate its share price, improved balance sheet and enhanced capital markets profile. In light of the reasonable strategic rationale and streamlined corporate structure with direct realizable synergies, shareholder approval of this resolution is warranted."

"In conclusion, we find the proposed arrangement both strategically and financially compelling, structured in a reasonable manner for GCM shareholders. The board appears to have formed a reasonable basis in determining that the acquisition of Aris Gold represents the best path forward to enhance shareholder value. The combined company will have complementary assets, enhanced financial and operational scale, a seasoned management team and board, and various opportunities to realize incremental value for shareholders. In sum, we believe shareholders are likely to realize greater value following the transaction than would otherwise be delivered under the Company's status quo. Moreover, having reviewed the terms of the transaction, we believe the all-stock merger consideration represents a reasonable and fair price for GCM to pay, considering the complementary nature of the assets and the prevailing market and transaction valuations recently observed in the gold mining industry. Therefore, we believe the proposed transaction represents an appropriate use of the Company's equity capital, given the value-creation opportunity presented by the transaction. Based on these factors, along with the support of the board, we believe the proposed share issuance for the acquisition is in the best interests of shareholders."

The GCM Mining shareholder meeting will be held virtually via live audio webcast at https://virtual-meetings.tsxtrust.com/1397 on September 19, 2022 at 8am PDT/11am EDT. GCM Mining shareholders requiring assistance may contact GCM Mining's proxy solicitation agent, Morrow Sodali (Canada) Ltd., as follows:

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the transaction, the proposed plan of arrangement and GCM Mining's shareholder meeting, and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 and the joint management information circular of the Company and Aris Gold dated August 16, 2022 which are available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com

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September 8, 2022 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTCQB:NXXGF ) ( FSE:N6E) is pleased to announce that it has received court approval by way of a final order granted by the Supreme Court of British Columbia for the completion of its arrangement (the " Arrangement ") involving the spinout of Nexus Metals Corp. (" Nexus Metals ") and its Canadian resource projects to shareholders.

In anticipation of completion of the Arrangement, the Company has transferred all of its rights to the Canadian projects to Nexus Metals. A total of 45,390,465 shares of Nexus Metals will be distributed on a pro rata basis to shareholders of the Company, pursuant to the Arrangement. Based on the current outstanding share capital of the Company, it is anticipated that this will result in Nexus Gold shareholders receiving approximately one Nexus Metals share for every seven shares of the company they hold. Completion of the arrangement remains subject to approval of the TSX Venture Exchange.

The Company shall in due course determine the record date for the purpose of determining the Nexus Gold shareholders entitled to receive Nexus Metals shares under the Arrangement. A letter of transmittal will in due course be mailed to each Nexus Gold shareholder and be made available under Nexus Gold's profile on SEDAR.

Further information regarding the Arrangement is available in the Company's management information circular dated June 7, 2022, a copy of which is available under the Company's profile on SEDAR ( www.sedar.com ).

"This was an important step in moving our plan forward," said CEO, Alex Klenman. "We'll establish the record date for determining the new shareholders in Nexus Metals over the next week or two, with the intent to have that record date occur here in the month of September. Basically, the amount of shares of Nexus Gold owned on that record date will determine the amount of shares one receives in the new company. We're more than eager to get this spinout completed and move forward with two viable exploration companies with very specific mandates. We will issue more updates as we progress, including upcoming exploration plans," continued Mr. Klenman.

The Company also advises it is continuing with its due diligence process in regard to the acquisition of one or more projects for both Nexus Metals and Nexus Gold. The Company is focused on adding energy/battery metals (i.e., lithium, lopper, nickel, etc) projects to Nexus Metals, while continuing to focus on precious metals (gold, silver) projects in Nexus Gold. Project portfolios of Nexus Metals and Nexus Gold will be adjusted over time to reflect the more specific focus of each company.

Nexus Hires Milad Zareian as VP, Operations

The Company is also pleased to announce that Milad Zareian has been appointed Vice President, Operations. Mr. Zareian brings over 10 years experience working with both private and public companies in a variety of capacities. He's been directly involved with IPO, RTO and start-ups, having led financing, IR and business development initiatives for multiple companies.

"We're pleased to bring Milad on board," said CEO, Alex Klenman. "He has energy, drive, and has built an impressive global contact list, all of which will benefit Nexus Gold moving forward. The board looks forward to working with Milad over the coming months as we complete the spinout transaction for Nexus Metals and as we position Nexus Gold for its post-spinout plans," continued Mr. Klenman.

Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of projects in Canada and West Africa. The Company's primary focus is on its 100%-owned, Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the McKenzie Gold Project, located in Red Lake, Ontario. The Company is focusing on the development of its core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its portfolio.

For more information, please visit nxs.gold

On behalf of the Board of Directors of

info@nexusgoldcorp.com www.nexusgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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NV Gold Corporation (TSXV:NVX) (OTC PINK:NVGLF) ("NV Gold" or the "Company") is pleased to announce its intended plans for the 2022-2023 exploration and drilling program for its six highest priority projects in Nevada. The Company has secured a drill rig and has initiated drilling at its Sandy Project

Additionally the Company is in the process of completing a detailed strategic analysis and field investigation of the 31 targets identified by Goldspot Discoveries Corp's ("Goldspot") review of NV Gold's Data Library using its proprietary AI technology (see press release dated August 11, 2022 on the Company's website at www.nvgoldcorp.com). This review is intended to identify longer term prospective projects to continuously add to NV Gold's project pipeline. NV Gold holds one of the largest, most prolific land packages in Nevada, arguably the best gold mining jurisdiction in the World.

Highlights of the exploration programs by project are as follows:

Thomas Klein, VP Exploration commented, "I am excited about the exploration program we have in front of us. For the past two years, it has been challenging to engage drill rigs in Nevada with qualified teams. We are fortunate to have recently engaged Envirotech to commence our 2022-2023 exploration program. We have priority targets on several projects and expect significant field activity with respective news flow over the course of the next several months. I am optimistic that we could have several significant discoveries. Additionally, the targets identified by Goldspot provides a portfolio of high potential targets to add to our already large land package in Nevada."

John Seaberg, NV Gold's Chief Executive Officer added, "NV Gold is at a pivotal juncture in its evolution. We have amassed a significant portfolio of high priority gold properties in Nevada and are excited to test their potential, many of which have never been drilled before. We will be very active over the course of the next several months as we begin to unlock the hidden value of these properties.

Diagram one- Project Landing Page

About NV Gold Corporation NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on making significant gold discoveries in Nevada through well-planned and executed exploration activities. The Company aims to quickly evaluate and advance mineral opportunities to drill-ready stage utilizing its widely recognized and experienced technical team and its extensive historical data.

On behalf of the Board of Directors,

John Seaberg Chief Executive Officer

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's identification of new target areas, the potential of these targets, the timing and extent of exploration activities and the anticipated outcome, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects, the extent to which other promising geological features predict mineral deposits and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Hydra Lithium Project ("Hydra", or the "Project") in the James Bay region of northern Quebec, Canada. Hydra consists of 306 mineral claims in four sub-projects totalling 15,837 hectares (39,134 acres), located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum ("LCT") type pegmatites. Hydra is 100%-owned by ALX with no applicable royalties and the newly-staked claims are in good standing until September 2025.

Highlights of ALX's Hydra Lithium Project

ALX's Hydra Lithium Project Claims in the James Bay Region, Quebec

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3046/136347_044484c1e4299b15_001full.jpg

"Lithium exploration is a natural extension of our pursuit of energy metals in Canada," said Warren Stanyer, CEO and Chairman of ALX. "For a qualified Canadian exploration company, Quebec is one of the most attractive mining jurisdictions in the world. ALX has the opportunity to carry out site visits to Hydra in October 2022 and we are moving quickly to execute a prospecting program with the goal of locating lithium-bearing pegmatites at Hydra."

ALX is compiling geophysical and geochemical data from historical exploration and integrating remote imagery to identify prospective areas. A site visit to ground-truth the Company's interpreted geochemical targets for lithium anomalies is planned in October 2022. Additional work may include high-resolution airborne magnetic and radiometric surveys together with follow-up geochemical surveys in 2023 across the highest-priority areas in order to locate lithium-bearing pegmatite dykes and sills and optimize potential drill targets.

To view maps and further information on Hydra, visit our website at: https://alxresources.com/hydra-lithium/

Hydra consists of four sub-projects totaling 15,837 hectares (39,134 acres) known as Volta (4,806 ha.), Echo (5,537 ha.), Nike (2,056 ha.), and Sprite (3,438 ha.), all located within a fertile mineral exploration district measuring approximately 250 kilometres (north-south) by 400 kilometres (east-west) that is known to host the following existing lithium deposits:

The technical information in this news release has been reviewed and approved by John Charlton, P.Geo., a consultant to ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Geostatistics from lithium deposits in the James Bay region quoted in this news release were taken directly from publicly-available disclosure. Management cautions that historical results were collected and reported by operators unrelated to ALX and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Hydra project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, lithium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 220,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX's uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project,the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.

ALX owns 100% interests in four lithium exploration properties staked in September 2022 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying VeeNickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com

On Behalf of the Board of Directors of ALX Resources Corp.

Warren Stanyer, CEO and Chairman

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: ALX's 2022-2023 exploration plans at the Hydra Lithium Project, and ALX's ability to continue to expend funds at that project. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration on our exploration projects, including drilling; our initial findings at our exploration projects may prove to be unworthy of further expenditures; commodity prices may not support further exploration expenditures; exploration programs may be delayed or changed due to any delays experienced in consultation and engagement activities with First Nations and Metis communities and the results of such consultations;and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if uranium, lithium, nickel, copper, gold or other metals or minerals are discovered in quantity, ALX's projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2022, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136347

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Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its ongoing drill program at its Parral project in the State of Chihuahua, Mexico. The high-grade silver results show the potential for resource expansion at depth and along strike in the El Verde and Sierra Plata Deep areas along the Veta Colorada structure. Since April of this year, the Company has drilled over 5,300 meters in 23 holes, totaling 8,100 meters year to date, with the aim to define and extend mineralized zones.

Considerable exploration potential remains along the 35 square kilometre land package and exploration will be on-going, with additional testing for new discoveries with surface mapping and sampling underway. This program will aid the Company's goal to define a mineral resource large enough to support a preliminary economic assessment.

Highlights from Recent Drill Results

Abbreviations include: gpt: grams per tonne; Ag: silver; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated using a silver price of $22 per troy ounce, lead price of $0.90 per pound and zinc price of $1.20 per pound.

"In the areas of the El Verde and Sierra Plata historically mined areas, we continue to verify extensions of the mineralized zones at depth and along strike," stated Dan Dickson, Chief Executive Officer. "The focus for the rest of the year will be to test the northern part of the project with a surface drilling program on various north to south striking structures, such as the northern extension of Veta Colorada, San Alberto and the El Cabezón systems; as well as resuming drilling of the San Patricio vein."

The Parral drill results are summarized in the following tables:

Parral - Veta Colorada El Verde (view Veta Colorada (El Verde) longitudinal section )

Parral - Veta Colorada Sierra Plata Deep (view Veta Colorada (Sierra Plata) longitudinal section )

Qualified Person and QA/QC – Dale Mah, P.Geo., Vice President Corporate Development of Endeavour Silver, is the Qualified Person who reviewed and approved the technical information contained in this news release. A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS Labs, where they are dried, crushed, split and 250 gram pulp samples are prepared for analysis. Gold is determined by fire assay with an atomic absorption finish and silver by aqua regia digestion with ICP finish, over-limits by fire assay and gravimetric finish.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal of becoming a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

Contact Information Galina Meleger, VP, Investor Relations Email: gmeleger@edrsilver.com Website: www.edrsilver.com

Follow Endeavour Silver on Facebook , Twitter , Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding future prospects of the Company's mines and projects. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID 19 pandemic on operations and results, changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development and risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties; as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued exploration and mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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September 7, 2022 TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to proceed with a corporate rebranding and to change its name to "JZR Gold Inc." (the " Name Change "). The Company does not intend to change its trading symbol. The Name Change is subject to TSX Venture Exchange (the " Exchange ") approval and the Company will provide further updates regarding the Name Change, including the effective date.

The Company further announces that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 2,000,000 units (each, a " Unit ") at a price of $0.65 per Unit, to raise aggregate gross proceeds of up to $1,300,000. Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") of the Company at an exercise price of $0.80 per Warrant Share for a period of 12 months after the closing of the Offering, whereby the expiry date of the Warrants may be accelerated in the event the daily trading price of the Shares equals or exceeds $1.20 on the Exchange (or such other exchange on which the Shares may be traded) for 15 consecutive trading days. Upon such an event, the Company may accelerate the expiry date of the Warrants by giving notice via news release to the holders thereof and, in such case, the Warrants will expire on the 30th day after the date on which the news release is disseminated by the Company.

The Company may pay a finder's fee to certain registered brokerage firms, which fees would be comprised of a cash payment equal to 6% of the subscription funds received by the Company from subscribers introduced by such brokers and the issuance of non-transferable compensation warrants (the " Compensation Warrants ") equal to 6% of the number of Units purchased by subscribers introduced by such brokers. Any Compensation Warrants will be issued on substantially the same terms and conditions as the Warrants. The Units, Shares, Warrants, Compensation Warrants, Warrant Shares and any Shares issued upon the exercise of the Compensation Warrants will be subject to a hold period of four months and one day from the closing date of the Offering.

The Company will use the net proceeds from the Offering for working capital purposes and to advance the development on the Vila Nova gold project located in the state of Amapa, Brazil, specifically, to finish testing the 800 tonne / per day mill and to begin bulk sampling at the Vila Nova Gold Project in the fourth quarter of 2022. Closing of the Offering is expected to occur on or about September 23, 2022 and is subject to the Company receiving all necessary approvals, including acceptance by the Exchange.

For further information, please contact:

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering and Name Change, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering and receipt of approval for the Name Change. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: the Company may not complete the Offering and/or the Name Change; the Offering and/or the Name Change may not be approved by the TSX Venture Exchange; risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with the Canadian securities regulators. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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