Mr. Perry Little reports

GREEN RIVER GOLD CORP. INTERCEPTS MORE NICKEL AND CHROMIUM AT ZONE 2 AND AT TWO NEW LOCATIONS ON THE QUESNEL NICKEL PROJECT AND ANNOUNCES A NEW, DEEPER DRILLING PROGRAM

Green River Gold Corp. has provided an update on the progress of the 2022 exploration program at its Quesnel nickel/magnesium/talc project, located 40 kilometres from the city of Quesnel, B.C., in the prolific Cariboo mining district.

The company has intercepted nickel and chromium in seven additional backpack drill holes in zone 2 (drill holes FCD-22-11 to FCD-22-17). The company also extended the depth of drill hole FCD-22-08. This brings the total number of holes drilled in zone 2 to seventeen. Every hole drilled in zone 2, as well as all holes drilled previously in zone 1, have intercepted nickel and chromium from surface.

The drill core for all drill holes was delivered to the company's facility in Quesnel and scanned with an XRF (X-ray fluorescence) analyzer. The XRF results for nickel and chromium for each of the seventeen drill holes in zone 2 are reported in the table entitled: Zone 2 hole averages.

Zone 2 is located approximately eight km southeast of zone 1 which is known to contain nickel, chromium, magnesium and talc, based on previous drilling. Zone 2 consists of a bedrock outcrop covering an area of over 1.2 square km. Both zone 1 and zone 2 are located along the 14 km long Deep Purple magnetic anomaly.

The company has also drilled two holes outside of the previously drilled zones 1 and 2, and intersected nickel and chromium from surface in each of the holes. Drill hole DD-22-11 was drilled from a small outcrop southeast of zone 1, and in between the two larger outcrops known as zone 1 and zone 2. Drill hole DD-22-11 averaged 0.223 per cent nickel and 0.119 per cent chromium over 2.5 metres. Drill hole DD-22-12 was drilled from a small outcrop northwest of zone 1 and averaged 0.178 per cent nickel and 0.14 per cent chromium over 6.6 metres. The distance between drill hole DD-22-12, which is the furthest hole drilled toward the northwest of the property, and drill hole FCD-22-13, which is toward the southeast portion of zone 2, is approximately 10 km.

The drill core for these two new drill holes was delivered to the company's facility in Quesnel and was scanned with an XRF analyzer. The attached table shows the metre-by-metre XRF results of drill holes DD-22-11 and DD-22-12. As with all the previous drill holes mineralization was present from surface.

Magnesium values are not recorded with the XRF scanner so any magnesium values will have to await assay.

Perry Little, president and chief executive officer of Green River Gold, comments: "We are thrilled to see a continuation of the mineralization from surface everywhere we have drilled on zone 2. We are also very excited to see similar results from two locations outside of zone 1 and zone 2. Green River has yet to drill a hole anywhere on the 14 km long Deep Purple anomaly that does not have similar nickel and chromium values from surface and we have drilled various locations over a 10 km stretch of the property so far. We remain hopeful that the mineralization will continue over the entire Deep Purple anomaly."

Future drilling plans on zone 1 and zone 2

On Oct. 1, the company started a new drilling program. Green River plans to drill a total of 10 drill holes on zone 2 using a Winkie drill capable of reaching depths of 100 m in ideal conditions. The company will also use a Winkie drill to drill deeper on two drill holes that were started in zone 1 last spring and will be drilling one additional hole in zone 1 as well. The backpack drilling completed so far has given Green River information that has been of great assistance in choosing the locations for the deeper holes. Backpack drilling will be continuing.

Quesnel nickel/magnesium/talc project highlights

There are three B.C. MINFILE occurrences as follows:

• 093A 013 -- Sovereign Creek -- developed prospect containing talc and magnesite and a co-incident nickel sulphide showing;
• 093A 130 -- Sovereign -- showings containing talc and nickel sulphides.;
• 093H 061 -- R.T. -- showing containing nickel, chromium and cobalt.

Fontaine lode gold exploration plan

Last year, the UAV (unmanned aerial vehicle) magnetic survey identified many anomalies in the area. In 2022, the exploration crew will collect soil and rock samples from the anomalous locations. Meanwhile, the vein structures, outcroppings, and mineral showings will be recorded and mapped. A backpack drill will be utilized to execute strategic drilling on the outcrops to investigate mineralized occurrences. The project geologist will summarize historical mining activities and previous exploration records. The historical records will be plotted on a map and verified during the 2022 field season.

Qualified person

Stephen P. Kocsis is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.

About Green River Gold Corp.

Green River Gold is a Canadian mineral exploration company focused on its wholly owned Fontaine gold project, Quesnel nickel/magnesium/talc project and Kymar silver project, which are located in renowned mining districts in British Columbia.

The Fontaine and Quesnel properties straddle an 18 km length of the Barkerville and Quesnel terranes, and are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo gold project.

The Kymar silver project is located in southeast B.C., approximately 28 km west of the town of Invermere in the Golden mining division. The property is made up of two mineral tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.

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