Mr. William Wagener reports

GETCHELL GOLD CORP. WELCOMES JOHN PROUST AS A CONSULTANT / ADVISOR

John Proust has joined Getchell Gold Corp. as a consultant/adviser, with the initial aim to assist the company in meeting its immediate financial objectives.

Mr. Proust is a lifelong entrepreneur and has been an active participant in the Canadian capital markets for more than 30 years. An independent businessman, he is a founder, builder, financier and principal shareholder of numerous public and private companies. He holds and has held senior operating roles and board positions of public companies on the TSX Venture Exchange, Canadian Securities Exchange, Johannesburg Stock Exchange and Alternative Investment Market. With his extensive business acumen, he has directed and advised companies with respect to strategy, debt and equity financing, mergers, acquisitions, corporate restructuring, and corporate governance.

Mr. Proust is currently chairman and chief executive officer of Japan Gold Corp. and representing director of Japan Gold's wholly owned operating subsidiary Japan Gold KK. Japan Gold holds 35 projects across the five major gold districts of Japan, has a countrywide strategic alliance with Barrick Gold Corp. and includes Newmont Corp. as a significant shareholder. He is also chairman and chief executive officer of Southern Arc Minerals Inc. and a director of Rise Gold Corp. Mr. Proust has extensive experience in corporate governance, is a graduate of the Directors College, Michael G. De Groote School of Business, at McMaster University, and holds the designation of chartered director (CDir).

"Getchell Gold Corp. offers a unique opportunity to significantly grow an already sizable gold resource in a burgeoning area of Nevada. I look forward to assisting the company in achieving its near-term goals and ultimately realizing the full potential value of the Fondaway Canyon gold project," stated Mr. Proust.

"The recognition by someone of John's calibre and experience, and his determination to be an active and dedicated member of the Getchell Gold team, validates our view of the company's merits. We welcome John and anticipate an acute, positive impact from his involvement," stated Bill Wagener, chief executive officer.

Fondaway Canyon gold project

Getchell is delineating a potential Tier 1 gold resource at its flagship Fondaway Canyon gold project in Nevada, United States.

Following three consecutive successful drilling programs, the company has effectively doubled the size of the historic resource, firmly placing Fondaway Canyon amongst the foremost developing projects in a world-class mining jurisdiction. The company recently published its first mineral resource estimate (MRE) at Fondaway Canyon (see the company news release dated Feb. 1, 2023):

• Gold mineralization is at and near surface, supporting an open-pit mine model;
• Inferred mineral resource of 38.3 million tonnes at an average grade of 1.23 grams per tonne gold for 1,509,100 ounces of gold;
• Indicated mineral resource of 11.0 million tonnes at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold;
• Strong gold mineralization in the most peripheral drill holes leaves the mineral resources open in most directions for further expansion and indicates a substantially larger body of mineralization than delineated to date (see the company news release dated Aug. 9, 2023);
• Fully permitted drill program designed to expand the mineral resources and upgrade inferred resources to indicated.

Getchell is well positioned to continue expanding the mineral resource estimate and advancing toward a preliminary economic assessment.

Scott Frostad, PGeo, is the qualified person (as defined in National Instrument 43-101) who reviewed and approved the content and scientific and technical information in the news release.

Corporate update

The company further announces that incentive stock options to purchase up to 250,000 common shares of the company have been granted to Mr. Proust pursuant to the company's stock option plan. The options are exercisable at 10 cents per share for a period of five years from the grant date.

Notes on the mineral resource estimate:

1. Mineral resources are not mineral reserves and have not demonstrated economic viability. There has been insufficient exploration to define the inferred resource as indicated or measured mineral resources; however, it is reasonable to expect that the majority of the inferred mineral resource could be upgraded to indicated mineral resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing or other relevant issues. The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).
2. The effective date of the mineral resource estimate is Dec. 12, 2022, and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA," was filed by the company on SEDAR+ on Feb. 1, 2023.
3. The independent and qualified person for the MRE, as defined by National Instrument 43-101, is Michael Dufresne, PGeo, from Apex Geoscience Ltd.

About Getchell Gold Corp.

The company is a Nevada-focused gold and copper exploration company trading on the Canadian Securities Exchange: GTCH, OTCQB: GGLDF and Frankfurt Stock Exchange: GGA1. Getchell is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier-stage exploration projects: Star (copper-gold-silver) and Hot Springs Peak (gold). Getchell has the option to acquire 100 per cent of the Fondaway Canyon and Dixie Comstock properties, Churchill county, Nevada.

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