Mr. David Paxton reports

KAPA GOLD PROVIDES UPDATE ON ITS EXPLORATION PROGRAM AT ITS BLACKHAWK PROPERTY

Kapa Gold Inc. has provided an update on continuing exploration on its 100-per-cent-owned Blackhawk property, Lucerne Valley, Calif.

As reported in the company's Feb. 22, 2023, press release, many grab samples collected during the October, 2022, exploration program returned gold, silver and base metal values greater than the upper limit of the chosen analytical method. Samples with metals values above analytical limits were reassayed. The results confirm high-grade base and precious metal abundances along a 3.82-kilometre strike extending from the reclaimed Parton Quarry area to the area near the historic underground precious metals workings in the Look Out area. Even though metal abundances vary considerably between individual samples, high-grade assays of the following metals are: total gold assays range up to 75.1 grams per tonne, silver up to 3,680 grams per tonne, copper up to 6.93 per cent, lead up to 24.2 per cent and zinc up to 24.2 per cent. Dikes and sills identified at some prospects are mineralized along with the adjacent carbonate.

In February and March, 2023, an airborne drone magnetometer survey was completed over the Blackhawk BLM and patented claims. The survey was flown with a terrain clearance of 35 metres and a line separation of 50 metres. This detailed survey identified numerous magnetic anomalies that extend from the Parton Quarry area westward toward the Look Out area. A preliminary review of the total magnetic intensity map identified numerous highly magnetic anomalies along the entire east-west strike length on the Blackhawk property. Magnetic anomalies are spatially associated with some of the high-grade prospects.

The report presenting a detailed analysis of the airborne magnetic survey has yet to be received by Kapa. Planning of a drill program will begin when that detailed geophysical analysis is received and drill site locations determined. Further ground geophysics such as induced polarization may aid in determining drill hole collar location, angle and depth. Access along and across the Blackhawk property in the area of the high-grade prospects is very good due to the network of county and exploration roads.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dr. Allan Miller, PhD, PGeo, consultant and senior geologist of Kapa Gold, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Kapa Gold Inc.

Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100-per-cent-owned historic Blackhawk gold mine and surrounding underexplored properties for economic mineralization. Kapa Gold has recently optioned the historic Mastodon project and is compiling historical data in advance of recommendations for exploration programs.

We seek Safe Harbor.