Mr. Mike Sieb reports

GETCHELL GOLD CORP. PROVIDES UPDATE ON THE PRELIMINARY ECONOMIC ASSESSMENT FOR THE FONDAWAY CANYON GOLD PROJECT, NV

Getchell Gold Corp. has provided an update on the progress of the preliminary economic assessment (PEA) for the Fondaway Canyon gold project in Nevada.

A key component for the generation of the PEA is the results of the metallurgical test work currently being conducted. The objective of the test work is to optimize the recoveries and processing pathway and provide the essential parameters for plant design and mine schedule to be integrated into the PEA.

The metallurgical test work commenced in July on coarse reject material sourced from the company's most recent drill campaigns. Subsequently, when it was determined that a significant portion of the 2024 mineral resource estimate (MRE) comprised oxidized host rock (refer to the company's news release dated Sept. 11, 2024, detailing the 2024 MRE), it necessitated the collection of additional material reflecting the oxide blanket and delivery to the lab for supplemental test work.

Following delays in the initiation of the test work, the requirement for additional oxide material and lab equipment mechanical issues, which have now been resolved, the test work is anticipated to be completed by year-end. This has resulted in a commensurate delay in the completion of the PEA.

"All parties responsible and contributing to the PEA are committed and focused on its completion, with the release of results now targeted for early January, 2025," stated Mike Sieb, president. "The PEA will provide essential guidance as to the Fondaway Canyon gold project's potential and we at Getchell look forward to the PEA's impending release."

Fondaway Canyon gold project highlights

The Fondaway Canyon project is an advanced exploration stage gold property located in Churchill county, Nevada, approximately 170 kilometres east of Reno.

The 2024 MRE, recently released in September, comprises an indicated mineral resource of 13.5 million tonnes at an average grade of 1.49 grams per tonne gold for 648,000 ounces of gold and an inferred mineral resource of 44.8 million tonnes at an average grade of 1.16 grams per tonne gold for an additional 1,670,100 ounces of gold (see the company's news release dated Sept. 11, 2024).

Some of the project's most notable attributes are that the gold mineralization starts at surface, is broad and consistent, exhibits exceptional high-grade zones, and remains fully open for further expansion. In addition, Getchell Gold has secured control of the entire length and breadth of the four-kilometre underexplored gold structural corridor, effectively removing constraints for future potential growth and development.

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

About Getchell Gold Corp.

The company is a Nevada-focused gold and copper exploration company trading on the Canadian Securities Exchange under the symbol GTCH, on the OTCQB under the symbol GGLDF and on the FWB under the symbol GGA1. Getchell Gold 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 the high-grade Star (copper-gold-silver) projects.

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