Mr. Jason Bontempo reports

GLADIATOR DISCOVERS NEW ZONE OF COPPER MINERALIZATION AT COWLEY PARK

Gladiator Metals Corp. has released initial results from its recently completed 4,000-metre diamond drill program at Cowley Park.

HIGHLIGHTS:

• Assay results from 9 of 22 holes of a recently completed 4,000m diamond drill program at the Cowley Park Prospect ("Cowley Park"). Significant intercepts include:
  • CPG-017:
    • 26 metres of 1.49 per cent Cu and 368 ppm Mo from 98m including 15 metres of 2.36 per cent Cu and 421 ppm Mo from 104m and 4 metres of 7.75 per cent Cu and 686 ppm Mo from 110m.
  • CPG-023:
    • 13 metres of 2.06 per cent Cu and 1071 ppm Mo from 38m and
    • 8 metres of 1.05 per cent Cu 513 ppm Mo from 79 m
  • CPG-011D1:
    • 58 metres of 0.74 per cent Cu and 1,245 ppm Mo from 81m, Including:
    • 8 metres of 1.65 per cent Cu, 1,905 ppm Mo from 87m
    • 12 metres of 1.12 per cent Cu and 605 ppm Mo from 105m
  • CPG-015:
    • 7 metres of 1.45 per cent Cu from 52m and 2 metres of 3.77 per cent Cu from 55m
    • 10 metres of 1.23 per cent Cu and 319 ppm Mo from 204m
  • CPG-016:
    • 58 metres of 0.62 per cent Cu from 57m, Incl. 7 metres of 1.99 per cent Cu and 867 ppm Mo from 78m
• The interval of 10 metres of 1.23 per cent Cu from 204m in CPG-015 is the first hole into a new discovery zone only 50m to the south of the historical drill area highlighting the potential future resource upside and underexplored nature of the Cowley Park area.
• Shallow results confirm the continuity of shallow, copper-molybdenum skarn mineralization at Cowley Park as well as highlighting the potential of the lower grade mineralized envelope to significantly contribute to future resource potential. Copper and molybdenum mineralization remains open along strike and down dip in all directions.
• Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper Project.

Gladiator CEO, Jason Bontempo commented:

"Drilling continues to define the continuity and scale of high- grade copper mineralization at Cowley Park as well as providing further definition to the potentially significant coincident Molybdenum mineralization.

The discovery of a new zone of mineralization only 50m to the south of the historical drill area in hole CPG-015 highlights the exploration upside at Cowley Park close to existing modelled mineralization and supports the ongoing drill program targeting further extensions to the south and south-east.

I look forward to reporting the remainder of the assays from this second drill campaign at Cowley Park in the coming weeks"

Cowley Park - Ongoing Drilling Campaign

Initial assay results have been received for the first nine holes of Gladiators recently completed 4,000m diamond drill program at Cowley Park. Significant drill intercepts received so far include:

• CPG-017:
  • 26 metres of 1.49 per cent Cu and 368 ppm Mo from 98m including 15 metres of 2.36 per cent Cu and 421 ppm Mo from 104m and 4 metres of 7.75 per cent Cu and 686 ppm Mo from 110m.
• CPG-023:
  • 13 metres of 2.06 per cent Cu and 1071 ppm Mo from 38m and
  • 8 metres of 1.05 per cent Cu 513 ppm Mo from 79 m
• CPG-011D1:
  • 58 metres of 0.74 per cent Cu and 1,245 ppm Mo from 81m, Including:
  • 8 metres of 1.65 per cent Cu, 1,905 ppm Mo from 87m
  • 12 metres of 1.12 per cent Cu and 605 ppm Mo from 105m
• CPG-015:
  • 17 metres of 0.91 per cent Cu from 42m, Incl. 3 metres of 1.71 per cent Cu from 42m, 7 metres of 1.45 per cent Cu from 52m and 2 metres of 3.77 per cent Cu from 55m
  • 31 metres of 0.58 per cent Cu, 642 ppm Mo from 80m and
  • 10 metres of 1.23 per cent Cu and 319 ppm Mo from 204m
• CPG-016:
  • 58 metres of 0.62 per centCu from 57m, Incl. 7 metres of 1.99 per cent Cu and 867 ppm Mo from 78m
• CPG-019: 20 metres of 0.82 per cent Cu from 96m including 4 metres of 2.62 per cent Cu from 96m
• CPG-020D1: 47.2 metres of 0.67 per cent Cu from 132m

These results confirm the width and continuity of high-grade mineralization previously targeted at Cowley Park with mineralization remaining open in all directions. Results such as 15 metres of 2.36 per cent Cu from 104m (CPG-015) and 13 metres of 2.06 from 38m (CPG-023) compare favorably to previously announced high-grade historical drill intercepts (refer to the Company's news releases listed below).

A new zone of copper skarn mineralization has also been discovered in hole CPG-015 with 10 metres of 1.23 per cent Cu intersected at 204m (please refer to Figures 1 and 2 for details). This result lies only 50m to the south of the historical area of drilling and indicates the significant upside potential remaining in the Cowley Park area.

Drilling completed was designed to test extensions to high-grade mineralized and aid planning for resource definition drilling. Drilling targeted identified trends through step out drill holes located primarily to the south and southeast of identified mineralization, including following up on the most southeasterly hole to date, 19-CP-08 which intersected 43.28 metres of 2.24 per cent Cu from 93.27m.

The Whitehorse Copper Project

The Whitehorse Copper Project is an advanced-stage copper (Cu) plus or minus molybdenum (Mo) plus or minus silver (Ag) plus or minus gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District as shown on below.

QA / QC

Drilling completed by Gladiator was irregularly spaced to test parts of the mineralized systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were being subsequently surveyed utilising a high-accuracy RTK DGPS system.

Upon drilling of diamond core Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD's and taking core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 20 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).

Samples subject to this release were crushed to 70 per cent less than 2mm before pulverizing to better than 85 per cent passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point the Company regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

In reference to historic drill results reported in this news release from the Company's data compilation exercise, these results are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling.

RSU Grant

The Company also announces that it has granted 370,000 restricted share units to a director of the Company, subject to TSX Venture Exchange approval. The restricted share units were granted in accordance with the Company's restricted share unit plan dated September 8, 2023 and vest over a two-year term.

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, a "qualified person" as defined by NI 43-101.

We seek Safe Harbor.