Mr. Shaun Heinrichs reports

1911 GOLD INITIATES SURFACE DRILL PROGRAM ON NEW EXPLORATION TARGETS AT THE TRUE NORTH GOLD MINE

1911 Gold Corp. has mobilized a drill rig for the 2024 surface drill program, commencing mid-October, 2024, at the company's 100-per-cent-owned Rice Lake gold property in Manitoba, Canada.

Highlights:

• Initial 6,000-metre (m) drill program planned to commence in mid-October, focusing on near-surface targets within the True North gold mine footprint;
• Three priority drill target areas generated through detailed data review and updated geological interpretation:
  • San Antonio West target: three drill holes totalling 1,200 metres (m) testing a large target hosted within the prolific San Antonio mafic with historical drill intercepts of up to 3.38 m at 7.93 grams per tonne (g/t) gold (Au) and 3.08 m at 9.80 g/t Au;
  • San Antonio Southeast target: four drill holes totalling 2,500 m testing a significant target area located within the San Antonio mafic with historical drill assays of up to 3.20 m at 6.25 g/t Au and 3.63 m at 4.01 g/t Au;
  • Cohiba East target: three drill holes totalling 1,300 m testing two subparallel structures, covering the eastern extensions of the Cohiba mine, with historical drill intercepts of up to 1.58 m at 41.51 g/t Au and 5.85 m at 8.39 g/t Au, including 2.74 m at 13.17 g/t Au;
• An additional 1,000 m have been allocated for follow-up drilling based on results;
• Additional drill targets expected to be generated following finalization of the mineral resource update later this month, focused on resource expansion drilling.

Shaun Heinrichs, president and chief executive officer, stated: "Our new team is very excited to be drilling several key targets at our True North mine asset. The three target areas each show significant potential to host high-grade gold mineralization and can be easily upgraded to mineral resources due to their close proximity to existing infrastructure and underground mine workings. With the forthcoming mineral resource estimate update, we will also be looking to generate additional resource extension and expansion targets. The exploration team has also identified additional new resource drill targets at depth which, combined with the pending resource expansion targets and current shallow drill targets, highlight the significant potential to increase the gold resource base at the True North gold mine."

The 6,000-metre diamond drill program at the True North gold mine area has been designed to test the potential of high-grade vein hosted gold mineralization defined by:

• Proximity to know mineralized veins and underground infrastructure;
• Areas with historical gold mineralized drill intercepts outside of the current and pending new resources;
• Location within known shear zone corridors and their intersections with favourable host rocks;
• Located within the first 400 m from surface.

San Antonio West target

The San Antonio West target occurs as a potential extension or subparallel gold mineralized vein system to the historical San Antonio zone at the True North gold mine. The San Antonio zone historically produced 1,309,351 ounces Au at a grade of 9.33 g/t Au. It represents a priority target hosted within the prolific San Antonio mafic unit and the intersection with the Cartwright South shear zone. The drill targeted area is located in proximity to the True North underground mine workings and is well defined by historical gold mineralized drill intercepts along strike to the west, including the following:

• Drill hole CW-06-069: 3.38 m at 7.93 g/t Au;
• Drill hole GAB-06-071: 1.62 m at 3.54 g/t Au;
• Drill hole GAB-60-012: 0.98 m at 8.91 g/t Au;
• Drill hole GAB-06-010: 0.79 m at 10.97 g/t Au;
• Drill hole GAB-28-014: 1.74 m at 6.54 g/t Au;
• Drill hole CW-06-073: 1.95 m at 4.05 g/t Au.

San Antonio Southeast target

The San Antonio Southeast target is a potential extension of the known gold mineralization within the San Antonio mine vein system. It is located on the intersection of the highly mineralized San Antonio mafic unit and the interpreted L10 and L10 South shear zones. This geological intersection hosts the historical gold mineralization at the San Antonio zone within the True North gold mine and historically produced 1,309,351 ounces Au at a grade of 9.33 g/t Au.

The San Antonio Southeast target occurs in close proximity to underground mine workings and has been historically drilled with significant gold intercepts, including the following:

• Drill hole AB-07-003: 2.16 m at 12.90 g/t Au;
• Drill hole AB-10-001: 3.63 m at 3.67 g/t Au;
• Drill hole AB-06-006: 3.63 m at 4.01 g/t Au;
• Drill hole AB-06-005: 3.20 m at 6.25 g/t Au;
• Drill hole AB-06-002: 2.50 m at 4.02 g/t Au;
• Drill hole AB-06-008: 4.08 m at 3.33 g/t Au.

Cohiba East target

The Cohiba East target occurs as two modelled subparallel veins (North vein and South vein) located to the east of the previously mined Cohiba zone. The targeted veins are located within the highly mineralized volcanic breccia package and the intersection with the WSW (Cohiba-L13) shear zone. The target has been historically drilled intersecting high-grade gold intercepts and occurs as the extensions of known vein hosted gold mineralization:

• Drill hole ST-11-006: 1.58 m at 41.51 g/t Au;
• Drill hole ST-11-006: 0.30 m at 18.86 g/t Au;
• Drill hole ST-11-008: 5.85 m at 8.39 g/t Au, including 2.74 m at 13.17 g/t Au;
• Drill hole ST-11-008: 1.83 m at 11.15 g/t Au;
• Drill hole ST-12-003: 1.89 m at 12.11 g/t Au.

The current planned drill program testing targets within the True North gold mine complex is a results based program and represents the start of a larger drill program. The program will be expanded to also target extensions of the new updated resource due to be completed in October, 2024, new gold mineralized targets at depth within the True North mine area, as well as new targets initially targeting new resources within exploration targets outside of the True North mine area and within the company's prolific 63,000-hectare (ha) land package covering the Rice Lake greenstone belt, including the Ogama-Rockland gold resource area.

Quality assurance/quality controls (QA/QC)

Core samples are collected by sawing the drill core along the axis in half, with one-half sample labelled, placed in plastic sample bags and sealed and the other half retained for future reference. A batch of 20 samples are placed into durable rice bags and shipped to a certified commercial laboratory. A strict QA/QC program will be applied to all samples, which includes insertion of certified gold mineralized standards and blank samples at intervals of one every 20 samples, additional blanks will be inserted after samples hosting visible gold. The gold analyses will be completed by fire assay with an atomic absorption finish on 50 grams of prepared material. Samples returning values greater or equal to five g/t Au will be reanalyzed by fire assay with a gravimetric finish. Total gold analyses (screen metallic sieve) will be carried out on highly mineralized samples or the presence of visible gold.

About 1911 Gold Corp.

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 ha within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Man.

We seek Safe Harbor.