Completion Of 2022 Drilling Campaign At Newmont Lake

KELOWNA - Enduro Metals Corporation has completed the 2022 drill program on the Company's 100%-owned Newmont Lake Project, located in the centre of British Columbia's prolific Golden Triangle. A total of 10,888 meters of diamond drilling has been completed over 25 drill holes. The 2022 drilling campaign focused on expanding the mineralized footprint of the Burgundy Ridge copper-gold porphyry target, following 2021's discovery hole (331m of 0.71% CuEq from surface, including 146m of 1.00% CuEq). A total of 20 diamond drill holes have been completed at Burgundy Ridge during the 2022 season. An additional 5 diamond drill holes were completed at the McLymont West target along the McLymont Fault Gold Mineralization Zone.

Logging of drill core from Burgundy Ridge identified wide zones of sulphide mineralization including chalcopyrite, bornite and chalcocite in several drill holes.

Visual inspection of the core shows a strong correlation to the large chargeable geophysical anomaly identified using induced polarization geophysics. Maiden drilling further west along the McLymont Fault Gold Zone target has shown that the area has been subject to intense hydrothermal activity, with multiple zones of quartz veining and sulphide mineralization visible in core.

Cole Evans, President and CEO, commented, "We are thrilled to report that our team has completed the largest drill program undertaken at the Newmont Lake project. Given the scale of the property, the number of exploration targets, and the cost of exploration in the Golden Triangle, a decision was taken to concentrate the 2022 exploration budget on expanding the mineralized footprint of the Burgundy Ridge copper-gold porphyry discovery which I believe has the potential to be a Tier 1 mineral deposit. In addition to drilling at Burgundy Ridge, we put 5 holes into the McLymont West target within the McLymont Fault Gold Zone. I am encouraged by what I have seen in the drill core from both areas and look forward to receiving assays later in 2022".