Mr. Mike Sieb reports

GETCHELL GOLD CORP. INCREASES CLAIM HOLDINGS AT THE DIXIE COMSTOCK PROJECT, NEVADA

Getchell Gold Corp. has staked 16 unpatented mining claims at its Dixie Comstock project, bringing the total number of claims to 44, covering 725 acres (293.5 hectares).

The Dixie Comstock mine is a past small-scale producer of gold, located in Churchill county, Nevada, 160 kilometres east of Reno, abutting the eastern flank of the Stillwater Range in Dixie Valley. Dixie Comstock is a low-sulphidation, epithermal gold system localized along a moderately east-dipping range-front normal fault. Multiple episodes of gold-bearing fluids have produced a 100-metre-thick, shallowly dipping to the east, zone of mineralization that exhibits high-grade structurally controlled zones, as well as an overall lower-grade stockwork forming a rather consistent halo of mineralization.

Gold was discovered at Dixie Comstock in 1935 with the majority of the historic development and mining taking place in the intervening years through to 1942, when mining activities were halted by an order issued by the War Production Board requiring all non-essential gold mines to cease production. Through this period, four mining levels, vertical shafts and a 200-foot decline were developed, and a flotation circuit mill with a cyanide plant was constructed. Cumulative production was reported as having 17,880 tons of ore mined at a 0.8 ounce per ton gold equivalent grade with recoveries of 4,182 ounces of gold and 6,737 ounces of silver.

Sporadic activity occurred between 1952 and 1975, culminating in the select mining and shipping of 86 tons of material grading 2.3 ounces per ton Au to the Asarco smelter that produced 172 ounces of Au equating to recoveries of 87 per cent. At the end of this period, all production occurred within 100 feet of surface.

From 1982 through to 1991, various operators completed 64,563 feet of drilling, consisting of 179 reverse circulation, core and rotary drill holes, with an average spacing of 50 to 70 feet. Drilling has delineated a well-mineralized zone trending 300 m north/northeast, approximately 100 m thick, that has been traced for 200 m downdip. The mineralization remains open downdip to the east.

Following the 1990 drill program, Mine Development Associates Inc. of Reno, Nev., was retained to review and model the data with the objective of generating a mineral resource estimate and mine model. In March, 1991, MDA produced a technical report titled "Geologic & Mineable Reserve Study on the Dixie Comstock Property, Churchill County, Nevada, USA."

MDA progressed to estimate a historic minable resource* open-pit mine model and pit production schedule.

* These estimates are considered historical in accordance with National Instrument 43-101. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The issuer cautions the reader and directs the reader to important disclosure regarding the historical estimates.

The open-pit mine model was designed using a 50-degree overall slope angle for the main Gabbro host rock unit and a 45-degree overall slope angle for Hot Springs and the Alluvium. The pit was designed with 20-foot benches and a catch bench every 40 feet. A cut-off grade of 0.010 opt was used to obtain minable reserves. A life-of-mine schedule was generated at a mining rate of 90,000 tons of ore and 285,000 tons of waste per month translating to a mine life of 28 months.

One of the primary factors underlining the reason that the commissioning of the Dixie Comstock mine did not proceed was due to the presence of a wilderness survey area partially overlying the project, constraining development and negatively impacting the economics. The WSA has been subsequently released, in December, 2022, completely removing the barrier and opening the greater area to mining and development.

There has been no attempt to develop the Dixie Comstock mine since 1991 (over 30 years), and the project provides an excellent opportunity waiting to be realized.

Scott Frostad, PGeo, is non-independent and 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

The company further announces the resignation of Bill Wagener as chief executive officer and director of the company.

Mr. Wagener has fully dedicated himself, over the past decade, to the operations and success of the company. He was instrumental in acquiring the rights to the company's flagship project, the Fondaway Canyon advanced exploration-stage gold project, and stewarding the incredible exploration success and growth of the asset during the latter part of his tenure.

Regrettably, due to personal obligations, he has determined the need to curtail his full-time responsibilities, and is stepping down as CEO and director of the company. He will remain involved in the operations of the company, albeit to a lesser extent, providing his services on a consultancy basis.

"Bill is highly respected, and his commitment and devotion have left a palpable impression on the company and anyone who has had the fortune to do business with him. I thank him for his years of service and thoroughly appreciate that Bill will remain involved with the company to provide valuable continuity to the operations and administration," stated Bob Bass, chairman.

"I have been with Getchell Gold Corp. since its inception, and it is with a heavy but necessary heart that I have made this decision to step down as CEO. I know that the company has been left in good hands and look forward to what the future holds," stated Mr. Wagener.

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 FWB: 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).

We seek Safe Harbor.