Mr. William Wagener reports

GETCHELL GOLD CORP. ANNOUNCES WARRANT EXTENSION AND DEBT SETTLEMENT

Getchell Gold Corp. proposes to extend the expiry dates of an aggregate of 5,202,250 outstanding share purchase warrants, as described herein.

The company issued 3,011,250 warrants with an exercise price of 50 cents pursuant to a private placement of units that closed on May 14, 2021. The original exercise price of the 2021 warrants was 65 cents and the exercise price was previously repriced to 50 cents . The original expiry date of the 2021 warrants was May 14, 2023, and the expiry date of the 2021 warrants was previously extended to May 14, 2024. The company proposes to extend the expiry date of the 2021 warrants by an additional 12 months, such that 2021 warrants will expire on May 14, 2025. All other terms of the 2021 warrants remain unchanged.

The company issued an aggregate of 2,191,000 warrants with an exercise price of 60 cents pursuant to a private placement of units that closed on May 30, 2022. The original expiry date of the 2022 warrants was May 30, 2024. The company proposes to extend the expiry date of the 2022 warrants by an additional 12 months, such that 2022 warrants will expire on May 30, 2025. All other terms of the 2022 warrants remain unchanged.

Warrantholders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to the company in order to effect the exercise of the warrants.

The company intends to enter into debt settlement agreements with two directors of the company to settle outstanding bona fide indebtedness in the aggregate amount of $6,000 in exchange for 54,545 common shares of the company at a price of 11 cents per share. The amount of indebtedness represents outstanding amounts owing for director services provided to the company. The company also proposes to issue common shares to the two directors as monthly payment for director services, issuable on a quarterly basis. All shares issued will be subject to a four-month hold period.

About Getchell Gold Corp.

The company is a Nevada-focused gold and copper exploration company trading on the CSE under the symbol GTCH, on the OTCQB under the symbol GGLDF and on the Frankfurt Stock Exchange under the symbol GGA1. Getchell Gold 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 project (a past gold producer with a historic resource) and two earlier-stage exploration projects (the Star (copper/gold/silver) and Hot Springs Peak (gold) projects). The Fondaway Canyon and Dixie Comstock properties are located in Churchill county, Nevada.

We seek Safe Harbor.