Mr. William Wagener reports

GETCHELL GOLD CORP. WELCOMES NEW CHAIRMAN BOB BASS AND ANNOUNCES CHANGE OF DIRECTORS

Getchell Gold Corp. has welcomed Robert (Bob) Bass as a director and the new chairman of the board of directors.

Robert Bass is a well-recognized and respected labour relations senior negotiator and spokesperson, leading a distinguished career spanning decades. Celebrated as a key figure in his field, Mr. Bass has been instrumental in negotiations and arbitration for a wide array of major public sector entities, including the Metropolitan Toronto School Board, the Ontario Hospital Association, hospitals, police services, universities, nursing homes and government.

Robert Bass is an astute investor with a lengthy history and knowledge of investing in mining and mineral exploration. Robert Bass's increasing ownership position in the company, highlighted by his recent participation in the company's debenture financing (company news release dated Jan. 29, 2024), underscores his significant investment and belief in Getchell's ability to advance its Nevada-based Fondaway Canyon gold project.

Getchell chief executive officer and previous chairman Bill Wagener expressed his enthusiasm for Robert Bass's appointment stating: "Bob was one of the founders of Getchell when we started out as a private company. He has been a continuous and long-time supporter, and we are thrilled to welcome him to the helm of Getchell Gold Corp. His leadership, business acumen and extensive network of contacts are precisely what we need to propel the recognition and valuation of the company and the Fondaway Canyon gold project. Bob's talents and dedication speak volumes, and we are confident in his ability to guide Getchell towards greater success."

Upon his appointment, Robert Bass stated: "I am fully committed to take on the role of chairman at Getchell Gold Corp. and motivated by the immense potential of the Fondaway Canyon gold project, located in the world-class mining jurisdiction of Nevada. I believe that with our combined efforts, we can unlock great value for the company and our shareholders. My confidence in this venture is unwavering, and I look forward to guiding the company towards achieving its strategic goals."

In addition to Robert Bass's appointment, the company is pleased to welcome his son, Chris Bass, to its board of directors. Chris Bass is a seasoned entrepreneur with significant experience in health care. He currently serves as the chief executive officer of InventoRR MD Inc., where he has been pivotal in the development and success of the company's revolutionary flagship medical device, AbClo. These leadership changes underscore Getchell's commitment to continuous improvement and strong corporate governance, positioning the company for long-term success.

In connection with the director appointments, the company has granted one million stock options to directors under the company's 2022 stock option plan. Each option is exercisable into one common share of the company at a price of 15 cents per share for a period of five years from the date of grant. Additionally, the company has granted its investor relations consultant, Fred Cooper, 250,000 stock options on the same terms.

With the addition of Robert Bass and Chris Bass, the directors, officers and management of Getchell now own 20.4 per cent of the company on a partially diluted basis.

In light of these new additions, Jim Mustard has resigned as a director to the company, and will assume the role as an adviser and consultant to the company. Mr. Mustard is a well-respected capital market and mining professional, and the company welcomes his continued contribution. In addition, Jerry Bella has resigned as a director to the company. The company thanks Mr. Bella for his efforts and wishes him the best in his future endeavours.

The company further announces that it intends to enter into a debt settlement agreement with a bona fide creditor of the company to settle outstanding indebtedness in the aggregate amount of $3,000 in exchange for the issuance of 23,100 common shares of the company at a price of 13 cents per share. The shares issued by the company will be subject to a four-month hold period, and the debt settlement remains subject to Canadian Securities Exchange acceptance.

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, 100-per-cent-owned Fondaway Canyon gold project, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio are the 100-per-cent-owned 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) projects. Fondaway Canyon and Dixie Comstock properties are located in Churchill county, Nevada.

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