Fondaway Canyon Recent Drill Hole Exceeds Results Of Prior Holes In Last Forty Years

VANCOUVER - Mike Sieb, President, Getchell Gold Corp., said, "Drill hole FGC21-16, the last hole of the 2021 drill program, exceeded the results of any hole drilled in the greater than forty-year history of gold exploration and mining at the Project. The high concentration of gold is a clear testament to the intensity of the gold mineralizing system and raises the upside potential at Fondaway Canyon." states Mike Sieb, President, Getchell Gold Corp. "Obviously, further delineation of this high-grade gold zone at North Fork has been added to our priorities for the upcoming 2022 drill program."

FCG21-16, stationed on the canyon floor at the junction of Fondaway Canyon and the North Fork branch, and drilling steeply to the northeast, was designed to further delineate the North Fork mineralized zone as a 30m step out to the northwest from holes FCG20-04, FCG21-09, and FCG21-10. FCG21-16 intersected a shallow lens grading 2.1 g/t Au over 14.1m, from 75.6 to 89.7 m down-hole depth, before encountering a high-grade gold interval grading 6.3 g/t Au over 50.7m (117.5-168.2m) that includes 10.4 g/t Au over 25.0m (139.9-164.9m). This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency . Marking how truly exceptional this is, the FCG21-16 interval returned the greatest gold grade x thickness' value in the 40+ year history of gold exploration and mining at the Project and likely represents a major conduit for the gold mineralizing system at Fondaway Canyon.

The high-grade FCG21-16 interval was intersected shallower than the North Fork zone's targeted depth and appears to correspond to an upper lens recently indicated by hole FCG21-09 (see news release dated Oct. 20, 2021). Additional drilling will be required to delineate this newly discovered zone of high-grade mineralization and will be a priority in the forthcoming 2022 drill program.

FCG21-16 intersected multiple notable gold intercepts further down hole highlighted by one interval grading 3.1 g/t Au over 33.4m from 265.0 to 298.4 m that included two internal zones grading 9.6 g/t Au over 3.0m and 6.1 g/t Au over 6.1m. This interval is situated below the previously modeled lower extent of the North Fork Zone and may represent a newly discovered zone. Additional drilling will be required to determine the extent and orientation of this mineralization.

"We are thrilled that Getchell's outstanding success in 2020, with the discovery of the Colorado SW, Juniper and North Fork gold zones, continued into our 2021 drill program. The 10 drill holes we completed in 2021, not only extended our discovery zones but also returned exceptional gold intercepts, notably FCG21-08 at Colorado SW and the stunning results of FCG21-16 at North Fork. We are looking forward to 2022 to continue our track record of success and, with two drill rigs secured, an accelerated advancement of the Fondaway Canyon gold project,“ added Sieb.