Porphyry Style Mineralization Encountered At Cantoo Project

VANCOUVER - Blackwolf Copper and Gold Ltd. has completed its maiden drilling program at the Cantoo Property located in southeast Alaska. Three drill holes totalling 1,356 meters were completed. Initial visual observation of the drill core suggests significant alteration and mineralization consistent with a porphyry system. The Cantoo Property is situated adjacent to the Canadian border and the historic Premier Gold Mine that is currently in redevelopment.

Drilling Highlights: Three core holes up to 676 meters long completed at Cantoo; Significant alteration and mineralization was encountered, consistent with a porphyry-style system similar to copper-gold +/- molybdenum deposits in the Golden Triangle; Strong silicification zones including veining with sulphides were intersected, that corresponds with surface expressions identified from surface sampling; and as the Company awaits assay results from Cantoo, the drill has been moved to test gold-silver targets at the Harry Project.

CEO, Morgan Lekstrom, said, "We are pleasantly surprised encountering indications of a porphyry system at Cantoo, although it was not unexpected given the history of the area and proximity to the Premier mine. Cantoo may represent a telescoping porphyry feeder complex to the high-grade Premier-Big Missouri epigenetic gold-silver veins, similar to the KSM-Snowfield system that underlies the Brucejack Mine to the north.

In summary, there are strong indications that we are in the right rocks and location as we've hit zones at depth that are encountered at surface. Assay results are pending for these initial drill holes as well as the summer surface sampling program and will be released when available. In order to make good use of the summer exploration window, the drill has been moved to the Harry Property while we await these results."

The Cantoo Property has never been previously drilled yet had some historic mining and exploration performed in the 1920's. Surface work during 2023 targeted multiple stacked shallow-dipping vein structures and breccias, including a 30 m (100ft) wide structure. Blackwolf's surface sampling results at Cantoo include high-grade mineralization, with grades up to 30.4 grams per tonne (g/t) gold, 2,860 g/t silver and 5.8% copper.