Oxide Mineralization Continuing To Expand At Gold Rock Project

VANCOUVER - Fiore Gold Ltd reported additional results from the ongoing drilling program at its Gold Rock project in Nevada. These latest results continue to demonstrate strong intervals of oxide gold mineralization both within and outside of the current resource pit shells. We view this as encouraging in our efforts to upgrade Inferred resources and expand the overall resource envelope as part of the ongoing Feasibility Study (FS) of the federally permitted Gold Rock project.

Highlights from the twenty-nine holes reported here include: 15.2 m of 1.14 g/t gold and 18.29 m of 0.84 g/t gold in hole GR20-069; 19.8 m of 1.33 g/t gold in hole GR20-076; 12.2 m of 1.61 g/t gold in hole GR20-079; 12.2 m of 1.75 g/t gold in hole GR20-081; and 27.4 m of 0.46 g/t gold in hole GR20-097.

In the central part of the deposit hole GR20-069 intercepted 15.2 meters of 1.14 g/t gold and 18.3 meters of 0.84 g/t gold, hole GR20-099 intercepted 16.8 meters of 0.71 g/t gold, and GR20-097 intercepted 27.4 meters of 0.46 g/t gold, all from areas near the base of the current northern pit shell from the 2020 Preliminary Economic Assessment (PEA). Hole GR20-069 also intercepted 32.0 meters of 0.37 g/t gold below the base of the current design pit shell.

Tim Warman, Fiore's CEO stated, "These holes reported are primarily infill holes targeting gaps in the existing resource. The results are consistent with previous drilling and continue to show strong, continuous mineralization and excellent opportunities to expand the current resource envelope going into the Feasibility Study. Work on the FS is progressing well: logging of the large diameter metallurgical core holes and the HQ core holes is underway and should move even faster once our new core logging facility is complete in the coming weeks. We are also looking forward to results from several exploration holes drilled at the Jasperoid Creek target approximately 1.05 miles (1.7 km) north of the former Easy Junior pit."