Mr. K. Wayne Livingstone reports

CARLIN ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Carlin Gold Corp. has closed its previously announced non-brokered private placement whereby the company has completed the issuance of 5.05 million units at a price of 12 cents per unit (on a postconsolidation basis) for gross proceeds of $606,000.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder, on exercise thereof, to purchase one additional common share of the company at a price of 20 cents per share for a period of five years from the completion of the private placement.

The private placement is subject to all necessary regulatory approvals, including final acceptance from the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.

The proceeds from the private placement are intended to be used for general working capital purposes.

Carlin also wishes to correct a statement made in its previously disseminated press release dated May 6, 2023, in which it announced the company's transfer agent as Computershare Investor Services. The company wishes to correct this disclosure and clarify that the company's transfer agent is Computershare Trust Company of Canada.

About Carlin Gold Corp.

Carlin controls two 100-per-cent-owned gold exploration properties in Nevada: the Cortez Summit property and the Willow property, both containing Carlin-style gold targets.

Cortez Summit lies about one kilometre northeast of the north end of Nevada Gold Mines' Goldrush deposit and east of Barrick Gold Corp.'s Fourmile resource. The Goldrush deposit, currently under development, has a reported underground mineral resource with 6.6 million ounces grading 7.8 grams per tonne indicated and 1.2 million oz grading 7.6 g/t gold inferred, for an attributable (61.5 per cent) total of 7.8 million oz (Barrick 2019 annual report) of the overall NGM resource of 12.7 million oz. The Fourmile resource, owned by Barrick, and located directly north of Goldrush and west of Cortez Summit, has an indicated and inferred resource containing 2.55 million oz Au grading 10.6 g/t Au (Barrick 2021 annual report). NGM has completed a stand-alone underground feasibility study for the Goldrush deposit (Barrick third quarter 2021 report). An environmental impact statement has been completed, and a record of decision is expected in the second half of 2023 (Barrick first quarter 2023 management's discussion and analysis).

The Willow property is an early-stage project in Elko county, north of the town of Wells, Nev. Willow is located within a potential new gold belt that contains the Long Canyon mine being operated by NGM.

We seek Safe Harbor.