Mr. Steve Burleton reports

ANGUS GOLD INTERSECTS MORE HIGH-GRADE INTERVALS OF UP TO 5.1 G/T AU OVER 8.0 METRES AT THE DORSET GOLD ZONE, GOLDEN SKY PROJECT

Angus Gold Inc. has released assay results from the final 15 holes of its winter 2023 drill program at the Golden Sky project in Wawa, Ont. Nine of the 15 holes were drilled as infill holes at 25-metre spacings within the historical resource area and were planned to test for the potential of high-grade ore shoots within the Dorset gold zone based on a newly interpreted geologic model. Results from all nine holes were successful at intersecting Dorset-style gold mineralization within the Dorset zone resource area, and in some areas have significantly improved upon the historical drilling results, including GS-23-73, which intersected 2.8 grams per tonne gold over 16.0 metres, including 5.1 g/t Au over 8.0 metres, and GS-23-72, which returned an interval of 2.2 g/t Au over 16.0 metres, including 3.4 g/t Au over 6.0 metres and 5.6 g/t Au over 1.0 metre. Additionally, three holes and one drill hole extension were completed on the Dorset East strike extension area, with hole GS-23-77 intersecting 1.0 g/t Au over 10.0 metres. Results from the winter drilling continue to help delineate new areas of Dorset-style mineralization.

Steve Burleton, chief executive officer of Angus, stated: "We are extremely pleased with the results from the winter 2023 drilling program. Our key objectives at the Dorset zone continue to be strike extension and discovery of higher-grade zones within Dorset, and this program was successful on both counts. These results also demonstrate that we can improve upon the historic results from Dorset, which bodes well for future resource estimates. We are excited to begin our summer 2023 drilling program this week, which will see two drills focused on the BIF gold zone and some new regional exploration targets, including the Splay zone target to the south of the BIF. Our winter geophysical program was a tremendous success, generating numerous new targets in both the BIF and the Splay zone. We now have almost full geophysical coverage across these areas and will begin the exciting task of making more gold discoveries. We look forward to the months ahead and will keep investors informed as results come in."

The continuing drill program at Golden Sky focuses on two target areas within the property: (i) the Dorset gold zone, which hosts a gold resource; and (ii) the BIF zone, a new gold zone discovery in a large banded iron formation. The summer 2023 drilling program is scheduled to begin early June and will focus on the newly discovered BIF zone, while also testing parallel trends on the six kilometres of strike length of banded iron formation present at the Golden Sky property. In addition, Angus will be drilling new exploration targets that have been generated outside of the Dorset and BIF zones, courtesy of the extensive ground geophysics program that was completed earlier this year.

Selected drill results from the 15 holes at Golden Sky are provided in an attached table.

The Dorset gold zone contains a historical estimated indicated resource (using a 0.5 g/t Au cut-off) of 40,000 ounces grading 1.4 g/t Au, and an inferred resource of 180,000 ounces grading 1.2 g/t Au. Angus's 2023 winter drilling program was focused on testing the strike length extension of the Dorset zone, while also targeting high-grade material within the historical resource area for a future resource update. The Dorset zone lies within the Mishi Creek deformation zone (MCDZ). The MCDZ can be traced for at least seven kilometres within the Golden Sky project and is extremely underexplored.

Qualified person

The scientific and technical content of this press release has been reviewed and approved by Breanne Beh, PGeo, who is a qualified person, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and chief geologist for the company.

About Angus Gold Inc.

Angus Gold is a Canadian mineral exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The company's flagship project is the Golden Sky project in Wawa, Ont. The project is immediately adjacent to the Eagle River mine of Wesdome Gold Mines Ltd.

Directors and insiders currently own approximately 36.8 per cent, Delbrook Capital Advisors Inc. 16.4 per cent and New Gold Inc. 9.9 per cent, each based on the current issued and outstanding common shares of the company on a non-diluted basis.

We seek Safe Harbor.