Ms. Breanne Beh reports

ANGUS GOLD ANNOUNCES SIGNIFICANT SURFACE CHANNEL SAMPLING RESULTS ON THE BANDED IRON FORMATION GOLD ZONE, GOLDEN SKY PROJECT, WAWA ON

Angus Gold Inc. has released assay results from a surface channel sampling program that was completed as part of the summer 2023 exploration program on its 100-per-cent-owned Golden Sky project in Wawa, Ont. The entire 21-metre length of the channel sample contained gold mineralization, with the highest-grade samples running 4.44 grams per tonne gold over 1.0 metre, 2.45 g/t Au over 1.0 metre, 2.16 g/t Au over 1.0 metre and 2.04 g/t Au over 1.0 metre. These results confirm continuity of the BIF gold zone from surface to 250 metres vertical depth, where it has been intersected by Angus's 2022 and 2023 drill programs. In addition, the results confirm that the highest-grade gold mineralization is present within a newly interpreted shear zone in the banded iron formation.

Breanne Beh, chief executive officer of Angus, stated: "We are very encouraged with the results from our surface channel sampling program and the progress we are making on the BIF gold zone. We have now confirmed that the gold zone is present on surface, and extends to drilled depths of over 250 metres. We are seeing significant gold grades on surface and, more importantly, we can better evaluate potential structural controls on this higher-grade gold, as we have observed both shearing and folding associated with them. This will assist us in developing a model for the higher-grade mineralization, help determine its orientation and assist us in targeting these features going forward. We are extremely excited to continue work on the BIF and continue building value in this extensively mineralized system."

The channel sample was cut in a north-south orientation, perpendicular to the strike direction of the BIF gold zone. The channel measured 21 metres in length, and individual samples ranged in length from 0.5 metre to 1.0 metre. The highest-grade gold results were associated with an east-west-oriented shear zone, along the northern end of the outcrop and with folding observed in the BIF.

Results from the 2023 BIF channel sampling program at the Golden Sky project are provided in an attached table.

Qualified person

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

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.

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