Drilling At The Lingman Lake Gold Project

TORONTO - Signature Resources Ltd. reported the most recent set of drilling results from the on-going 10,000-meter diamond drill program at our 100%-owned Lingman Lake Gold Project in Ontario, Canada using two diamond drill rigs. These are the final diamond drill results for 2021 and are from drill hole LM21-30 and the Central Zone which continue to extend the known envelope of mineralization for all zones to depth. 8.24 grams-per-tonne gold ("g/t Au") over 2.0 meters ("m") from 90 to 92 meters downhole; including 10.10 g/t Au over 1.0 m from 90 to 91 meters downhole in drill hole LM21-30 in the Central Zone. 7.14 g/t Au over 2.0 m from 99 to 101 meters downhole; including 10.50 g/t Au over 1.0 m from 99 to 100 meters downhole in drill hole LM21-30 in the Central Zone.

"This year's diamond drilling ends with additional strong gold assay results which further extends the high-grade gold mineralization to depth. We expected to intersect the Central Zone on the way to the North Zone target for hole LM21-30 as drilling is planned to intersect multiple zones, per hole drilled where possible. The results from hole LM21-30 come from a broader zone of variable gold mineralization over an 18.0-meter interval which further demonstrates the robust and high-grade nature of the gold zones and overall gold system extending to depth. Signature is extremely well positioned to deliver value to shareholders through exploration and drilling results in 2022, said, Robert Vallis, President, CEO, and Director.

The current 10,000-meter diamond drill program up to and including LM21-30 is designed to extend the mineralized envelope to depth for the North, South, and Central zones for the purpose of generating a maiden NI 43-101 mineral resource estimate, in late 2022. Additional winter drilling and regional exploration advancements are scheduled to recommence in January 2022 and will benefit from the recently completed geophysical programs. As such, these planned activities will continue to test the extension of all zones to depth and also probe along strike to the east and west.