Expansion Targets At The Whistler Gold-Copper Project

ANCHORAGE, AK - U.S. GoldMining Inc. provided an update on the Phase 1 drilling program to expand and increase confidence in the existing gold-copper deposits at the Whistler Gold-Copper Project in Alaska. Including testing prospective exploration targets in close proximity to known resources.

Three drill holes have been completed for a total of 1,674 meters at the existing Whistler Deposit. Drilling was designed to test the southern extents of the porphyry mineral system, improve the geological model and collect new geometallurgical and geotechnical information. Assays are pending for all drill holes. The Company expects to release assay results as they become available. Core from the first three drill holes has been logged and sampled on-site by the geological team and samples sent to an independent laboratory for analysis. Estimated laboratory turnaround times are approximately six weeks upon receipt of samples. The Company has recently commenced drilling of the Rainmaker South target, a new potential porphyry mineral system located approximately 1 kilometer southeast of the Whistler Deposit. The Rainmaker South target was developed by reprocessing geophysical data and from compilation of historic drilling.

Tim Smith, Chief Executive Officer, said, "We are excited to have a drill turning on the Whistler Project. Our technical team is rapidly developing our geologic understanding of the Project, which is allowing us to better target extensions and delineate higher-grade zones within the existing Whistler Deposit. Along with the known deposits, we have also identified multiple look-a-like exploration targets within our package of State mining claims. I am proud of the ongoing hard work by our team as we continue our inaugural drilling program and look forward to providing results as they become available."