Paubacken Project Maiden Drilling Program

VANCOUVER - Gold Line Resources Ltd. reported on its maiden drill program at the Paubacken Project in Sweden. Five widely spaced reconnaissance drill holes were completed at Paubacken for a total of 670 meters (m) in October and November 2021. Data from three of the five holes have been certified and received, and the Company is excited to report an intercept of 22.5 m core length averaging 2.40 grams per tonne (g/t) gold (Au); including a higher grade zone of 9.5 m averaging 4.6 g/t Au beginning at 46.5 m in drillhole (DH) PAU21003. The Company is awaiting results from the remaining drillholes, PAU21004 and PAU21005.

This current drill program represents phase one (Phase I) of a two phase 1,500 m maiden drill program that will be completed early summer 2022. Phase I drilling of the program was completed at the end of November, and in agreement with the local reindeer husbandry, Phase II will commence once the reindeer have left the area.

DH PAU 21003 targeted a gold-in-bedrock anomaly of 1.43 g/t Au, previously identified at Paubacken's Aida target in fall 2021, as a result of a base of till/top of bedrock (BoT/ToB) drilling and sampling program. This target was "blind" in the sense that all bedrock in the area is covered by a veneer of glacial till, and there is no bedrock exposure in the target area. The 22.5m intercept within DH PAU21003 is hosted by a strongly sheared amphibolite with intense biotite and calc-silicate alteration. The entire thickness of the amphibolite intersection was mineralized, which suggests there is additional exploration potential in other similar amphibolite units and structural targets. The Company is highly encouraged by the 53.9 gram-meter (grade thickness)1 intercept in DH21003 and plans to utilize these early exploration results to refine additional targets for Phase II of the drill program.

Zones of anomalous gold were also intersected in DH PAU21002, which was drilled approximately 450 meters to the southeast of DH PAU21003. This includes a sample with 0.55 g/t Au and numerous samples in the 0.1-0.5 g/t Au range. While not as enriched as the zone of mineralization intercepted in PAU21003, the mineralized intervals in PAU21002 also showed intense biotite and calc-silicate alteration as well as narrow amphibolite zones. The mineralization in PAU21002 appears to occupy a different structural trend than the intercept seen in PAU21003.

The initial results from widely spaced reconnaissance holes underscore the potential of the Paubacken project, with some of the strongest anomalies identified through the BoT/ToB program in the area, yet to be tested in the current drill program. The Paubacken Project consists of three licenses (17,097 ha) that cover the central part of an emerging gold belt in north central Sweden known as the "Gold Line Belt". The Gold Line Belt is host to several significant gold deposits.

Samples were collected in accordance with industry standard best practices. Samples were collected by Arctic Drilling AS and submitted for preparation at the MSALABS in Storuman, Sweden. Accredited control samples (blanks and accredited standards) are inserted into the sample intervals regularly. Drill core is sawed with a semi-automatic core saw, then core samples are crushed to a 70% pass 2mm, split (1000g), and pulverized to 85% passing 75µm (SAW-100 and PRP-920, respectively). Pulps are analyzed at the MSALABS in Langley, BC, Canada with a four-acid digestion and ICP-MS/AES finish (IMS-230) as well with a 30g Fire Assay and ICP-AES finish for gold analysis (FAS-114). A gravimetric determination for samples above 10g/t Au is used (FAS-415).