Additional 2021 Drilling Results From Champagne Project

TORONTO - Idaho Champion Gold Mines Canada Inc. reported on the next five drill holes of the 2021 exporation drilling campaign at the Champagne Gold Project near the city of Arco, Butte County, Idaho. These results for drill holes DDH-CC-21-03 through 06, and -10 include 2,269 meters out of a total of 3,430 meters drilled in the program. Results remain pending for drill holes DDH-CC-21-07 through 09.

All five of the new drill holes returned highly anomalous intervals of silver (Ag), zinc (Zn), copper (Cu), molybdenum (Mo) and lead (Pb). Gold (Au) is usually elevated with higher silver values, but there is only one narrow interval of gold exceeding 0.3 g/t (1.58 m at 1.26 g/t and 23.3 g/t Ag in CC-DH-21-05 at 505 m depth). As in the previously released drill holes (DDH-CC-21-01 and -02), the drill results from Champagne continue to suggest the presence of a large zoned polymetallic system, consistent with the potential for a porphyry copper or molybdenum deposit at depth.

Jonathan Buick, CEO, said, "Champion's 2021 drilling strategy at Champagne was built around drilling "fences" starting on the west end of the property and working our way east to test the geology and structure associated with the large anomaly that we identified in 2020. The drilling results are consistent with our interpretation that a deeper porphyry copper system underlies the Champagne district. We can see favorable indications and potential targets on the eastern and western portions of the caldera complex. These targets definitely warrant more drilling. We will compile the remaining data and formulate a follow-up program with the best likelihood of hitting the larger system we believe to be present."

Selected Drill Hole Highlights: DDH-CC-21-03: 0.1m at 124 g/t Ag and 2.55% Cu from 63.4 m depth; DDH-CC-21-06: 0.4 m at 7.88% Zn and 11.68 g/t Ag with anomalous Cu, Mo, and Pb from 329.0 m depth; DDH-CC-21-05: ~140 m of highly anomalous Zn, Pb, Cu, Ag, and Mo from 393 m depth; and DDH-CC-21-10: ~121 m of highly anomalous Zn, Ag.

Each of the new drill holes includes narrow intercepts of quartz-sulfide-sulfosalt veining with moderate to high Ag-Zn-Pb values. The narrow veins are often associated with strongly anomalous Cu and Mo mineralization. The Champagne Project is host to a large interpreted volcanic caldera complex containing significant volumes of altered rock, which is also consistent with the shallow portions of a porphyry copper or molybdenum system. The Company is most encouraged by the numerous thick sections of anomalous Ag - Zn - Pb + Cu + Mo + As + Bi encountered by this drilling. These broader zones of weak to moderate mineralization are sometimes punctuated by the narrow high-grade veinlets as reported previously and again here.