Program Commences At The PWC Gold Project

VANCOUVER - Riley Gold Corp. announced that the 2025 drilling campaign is underway at the Pipeline West/Clipper Gold Project (PWC) operated by Kinross Gold U.S.A., Inc., a wholly-owned subsidiary of Kinross Gold Corporation.

Kinross is ahead of schedule and to have the 2025 drilling well underway at PWC. The Kinross technical team along with Riley Gold's Paul Dobak, have defined high-priority framework drill targets in the highest-grade gold-in-soils anomaly known area on the property. These are exciting targets, based on geological and geophysical data interpretation, in areas that have never been drill tested within our 25 square km land package. The PWC project is within the Cortez District that has a significant history of gold production and current reserves.

A comprehensive geologic model was built for comparison with the many Cortez Districts >5.0-million-ounce gold discoveries. The new step-out wide spaced framework drill holes are being spotted approximately 2.5 kilometers (km) (up to 8,200 feet) northwest of the first Kinross drill hole in 2024 and include northwest vectoring to the highest-grade surface geochemical gold anomalies from the soil survey near the intersection of two major structures. Compiled geologic mapping, geophysical surveys, historical drill results, and gold-in-soil survey results uploaded in Leapfrog software support the new 2025 drill hole locations. Recent geologic modeling and interpretation by Kinross also provides a supporting structural foundation and information for the 2025 Drill Program.

Additional soil sampling is planned by Kinross for the 2025 field season to increase surface geochemical coverage adjacent to the 2023 soil survey completed by Riley Gold. The previous soil survey returned significant anomalous gold-in-soil values that extended more than 3 km. Several pathfinder elements, associated with both Carlin-type and intrusive-related gold deposits, were also elevated in the first soil survey.