Mr. Dan Stuart reports

JUGGERNAUT COMMENCES DRILLING ON BINGO

Juggernaut Exploration Ltd. has commenced the maiden drill program early on its 100-per-cent-controlled Bingo property located within the Eskay rift. The Bingo property is surrounded by a number of known and rapidly evolving deposits hosted within the same world-class geologic units, including Surebet, Anyox, Dolly Varden, Porter Idaho and Premier, just to name a few.

The Bingo Main zone is a drill-ready zone containing extensive gold mineralized grab, chip and channel samples along the axial plane of a fold hinge over an area of 550 metres by 175 metres in a region of recent glacial retreat and permanent snowpack abatement located within the Eskay rift region of the Golden Triangle of British Columbia. High-grade gold from surface grab samples assayed up to 9.79 grams per tonne gold. Channel samples assayed up to 1.77 grams per tonne gold and 0.20 per cent copper over 4.85 metres and 1.48 grams per tonne gold and 0.37 per cent copper over 3.2 metres, respectively. A second sister hinge zone has been identified approximately one kilometre to the north (named the Double Down hinge zone) as strongly indicated by both lidar and geophysics that will be tested in 2023. The Bingo property has strong similarities to Goliath Resources' Surebet project, located farther to the east, including same mineralogy, lithology, textures and structures.

The 2023 field program on the 100-per-cent-controlled Bingo property consists of up to approximately 2,000 metres of drilling from four drill pads within the Bingo Main zone. Additional surface exploration work will also be undertaken to better understand the folded system at play on Bingo by mapping and prospecting of the Double Down hinge zone, located one kilometre to the north of the Bingo Main zone and believed to be part of the same mineralizing system, providing excellent additional exploration upside for further drilling.

Highlights from the high-grade-gold Bingo property:

• The Bingo Main zone has been expanded from 320 metres by 175 metres to 550 metres by 175 metres and remains open with high-grade gold samples located along the axial plane of a fold hinge that assayed up to 9.79 grams per tonne gold.
• An additional hinge zone, named the Double Down hinge zone, with similar characteristics is located one kilometre to the north.
• Bingo is located in the Eskay rift in an evolving gold district in a world-class geologic setting within the Golden Triangle of British Columbia, host to several multimillion-ounce gold deposits.
• Bingo contains the same world-class geological units as Goliath Resources' Surebet discovery next door, including Hazelton volcanics and related sediments and intrusives.
• Gold mineralization in outcrop, stream sediment geochemistry, ground magnetic survey, soil sampling and other lines of evidence confirm strong gold-mineralization on the property.
• Mineralization is characterized by pyrite, chalcopyrite, galena and pyrrhotite.
• Gold-rich fluids intruded and altered the host rock, indicating a shear zone.
• The Bingo property is surrounded by a number of known deposits, including Anyox, Surebet, Dolly Varden, Porter Idaho, Premier and more.
• Infrastructure includes direct access to tidewater in close proximity to roads and high-tension power.

The Bingo property has an area of 989 hectares and is located 45 kilometres south-southwest of Stewart, B.C., and 28 kilometres west of Kitsault, and only 12 kilometres to tidewater landing and roads in the historic mining town of Anyox, providing for cost-effective exploration.

Dan Stuart, president and chief executive officer of Juggernaut Exploration, stated: "We are excited to have drills turning on Bingo, Midas and Empire simultaneously, all with world-class expression of high-grade mineralization in bedrock that was previously undetected until only now due to glacial recession and the abatement of permanent snowpack. The drill programs currently under way consists of [approximately] 6,500 metres commenced early this year due to exceptionally good weather across northwestern B.C. With much anticipation, we look forward to executing the inaugural drill and exploration programs and reporting results. "

Qualified person

Rein Turna, PGeo, is the qualified person, as defined by National Instrument 43-101, for Juggernaut Exploration projects and supervised the preparation of and has reviewed and approved the technical information in this release.

Other

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to Minfile locations, placer creek occurrences, regional soil anomalies and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 kilogram to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS (Global Positioning System) units (accuracy of three to 10 metres); and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip and grab) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. Quality assurance/quality control samples, including blanks, standards and duplicate samples, were inserted regularly into the sample sequence at a rate of 10 per cent.

All samples, including rock grab, channel and talus samples, are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS lab facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS, samples were processed, dried, crushed and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were reanalyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21, a large volume of sample is needed (typically one kilogram to three kilograms). The sample is crushed and screened (usually to minus 106 microns) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analyzed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.

Some of the reported data are historical in nature and are a compilation of third party data from previous operators. The reader is cautioned that grab samples are spot samples, which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled. In addition, the reader is cautioned that proximity to known mineralization does not guarantee similar mineralization will exist on the properties.

We seek Safe Harbor.