Initial County Line Mineral Resource Estimate Completed

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported on the maiden mineral resource estimate for its County Line property located in Mineral and Nye Counties, Nevada. The initial in-situ mineral resource estimate consists of 19,500 gold ounces in the category of measured mineral resource, 17,900 gold ounces in the category of indicated mineral resource and 12,200 gold ounces in the category of inferred mineral resource. The mineralization remains open along strike and downdip. The Company plans to release the full Initial Assessment Technical Report Summary under S-K 1300 (TRS) with respect to the County Line mineral resource estimate in connection with the upcoming filing of its annual report on Form 10-K for the fiscal year ended December 31, 2022.

Highlights include: Measured mineral resource of 19,500 gold ounces, at 1.04 grams per tonne; Indicated mineral resource of 17,900 gold ounces at 0.90 grams per tonne; Inferred mineral resource of 12,200 gold ounces at 0.87 grams per tonne; Mineralization open along strike and downdip; Mineral resource estimate prepared based on the results of 8,231 meters of drilling in 73 holes completed by the Company in 2022; Potential to expand and upgrade mineral resource estimate through additional infill and step-out drilling; Oxide mineralization amenable to cyanide leaching; Potential reduced initial capex by leveraging Company-owned offsite processing facility; Potential for shortened permit timeframe if no process facility at County Line, Mineral & Nye Counties, Nevada.

Barry Devlin, Vice President of Exploration, said, "We are very excited to announce our maiden mineral resource for the County Line property. The majority of the 2022 County Line drill campaigns were concentrated within the historic open pit. We believe this initial resource has potential to grow as it remains open to the north, east and south as well as downdip on favorable mineralized stratigraphy."