Mr. Robert Brown reports

ALS GOLDSPOT IDENTIFIES MULTIPLE HIGH PRIORITY TARGETS ON FINLAY'S SILVER HOPE PROPERTY

ALS GoldSpot has outlined 16 high-priority targets from a total of 113 targets on Finlay Minerals Ltd.'s 100-per-cent-owned Silver Hope property within the Skeena Arch area of central British Columbia. These high-priority targets include the Main trend, the West (copper-molybdenum) porphyry and the recently announced East trend (see Finlay news release dated Oct. 12, 2023).

A prospectivity report created by ALS GoldSpot categorized the 113 targets based on mineralization styles on the property which include: polymetallic (Main trend) mineralization, Equity-style mineralization, porphyry mineralization and special (Sam zone) mineralization in addition to geophysical targets. Through the work of ALS GoldSpot and Finlay, four priority-target areas have been delineated on the property.

Priority target areas:

1. Includes the Main trend and West porphyry. ALS GoldSpot further identified the potential for the extension of the West porphyry to the south in addition to the East trend with the potential for more polymetallic mineralization similar to the Main trend.
2. Includes two high-priority targets for Equity-style mineralization: Target 1 extends south from the former Equity silver mine and includes the Zest showing where past drilling has intersected similar lithology, alteration and mineralization as the Main trend and the Equity silver mine, however, in thinner zones. Target 2 exists west of target 1 with a similar orientation. The potential for similar mineralization styles exists at target 2 based on the 2022 drilling where drill holes SH22-05 and 06 intersected narrow veins of galena, chalcopyrite and sphalerite. These drill holes were collared 300 metres east of target 2 and the mineralized veins are similar to other drill holes peripheral to the former Equity silver mine and the Main trend.
3. Includes several targets of interest with target 3, which hosts overlapping porphyry and polymetallic signatures, being the most compelling. These targets are near the Dina showing where past drilling intersected similar lithology and alteration as the Main trend and the former Equity silver mine. Drill holes at Dina intersected minor silver and copper mineralization. Target 3 occurs along a northeast-trending structure similar to that of the Main trend and former Equity silver mine. This area has received little to no exploration due to being heavily forested in the past; recent logging has opened up the area improving access.
4. Occurs east of the Sam zone on the west side of the property and could host a potential porphyry and possible extension of the Sam zone. Drilling and mapping around the Sam zone have noted sericite, carbonate, chlorite and quartz alteration which could represent distal porphyry alteration.

Conclusion and next steps:

• ALS GoldSpot has identified several high-priority targets that complement the known mineralized zones at the Main trend and West porphyry.
• Additionally, ALS GoldSpot's work has identified completely new targets in the Equity East, Zest, Sam and Dina areas of the property which have seen little or no exploration work in the past.
• With the recent results from the biogeochemical sampling, future biogeochemical sampling will be planned over these high-priority target areas along with prospecting.
• Induced polarization geophysical surveys will then follow up any biogeochemical targets that parallel the ALS GoldSpot targets aiding in defining future drilling targets.

For further details on the Silver Hope property and the 2023 biogeochemistry and ALS GoldSpot work, refer to Finlay's updated Silver Hope technical presentation.

ALS GoldSpot

ALS GoldSpot conducted a review, familiarization and tidying of all the Silver Hope geochemical, geophysical and geological lithology data in preparation for machine learning processing in addition to traditional structural, lithogeochemical and geological modelling interpretations to create a ranked series of prospectivity targets.

Qualified person

Wade Barnes, PGeo and vice-president, exploration, for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits with three properties in Northern British Columbia.

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