Mr. Jeff Swinoga reports

EXPLOITS' LIDAR AND MAGNETICS SURVEY RESULTS HIGHLIGHT COMPLEX STRUCTURES ALONG APPLETON FAULT ZONE

Exploits Discovery Corp. has released the results from airborne lidar (light diffraction and ranging) and magnetics (airborne geophysical) surveys flown over its large 100-per-cent-owned Gazeebow South claims that straddle the Appleton fault zone system in central Newfoundland.

Highlights include:

• The surveys identified a complex network of structural disruptions and braided splays along the Appleton fault zone.
• The local bedrock's deformation levels and trends indicated by these surveys are similar in scope to those displayed by New Found Gold at several high-grade gold discoveries within the Queensway North project, located approximately 17 kilometres to the south.
• This high-resolution mapping will assist the design of the follow-up collection sites from several elevated gold-grain counts generated from the preliminary gold-in-tills sampling program (see news release dated Sept. 28, 2023).
• The company's goal of advancing several Gazeebow targets to the drill-ready stage during 2024 remains on schedule.

Ken Tylee, vice-president of exploration, comments: "We are pleased to see a complex network of structural breaks and splays along the Appleton fault zone on our large Gazeebow property, which has the potential for gold-enriched mineralization. The combination of both brittle and ductile structural development and some 070-degree-trending splays observed are typically key indicators that I've seen within the prolific Destor-Porcupine fault gold zone, which has contributed to over 100 years of gold mining within Northeastern Ontario. The large volume of lidar and AMAG data generated from these surveys will assist our team in their gold-in-till follow-up program as well as refining targets to drill."

About the lidar and magnetics surveys

Lidar and magnetics surveys identify a complex network of structural disruptions and anastomosing splays, preferentially occupying the eastern flank of the Appleton fault zone as it tracks across the Gazeebow group of exploration claims.

These aerial surveys approximately cover a 10-kilometre-by-five-kilometre segment of underexplored sedimentary stratigraphy directly influenced by the emplacement of the Appleton faulting. This high-resolution mapping cost-effectively provides Exploits staff with two additional data sets that will be merged with their results from prospecting, mapping and boots-on-the-ground site investigations that are currently under way.

RPM Aerial Surveys

RPM Aerial Surveys is a Canadian company with its corporate office located in Holyrood, Nfld., and is a provider of high-density geospatial data using lidar, magnetometer, photogrammetry and various other professional geospatial systems. Its proprietary lidar surveys are a cost-effective remote sensing tool that uses light waves to superaccurately measure the Earth's surface and classify structural lineaments that would have otherwise been obscured by the Gander region's typically dense cover of vegetation or wetlands.

RPM's concurrent magnetics survey was designed to accurately delineate subtle variations in the bedrock's magnetic signature (reflecting iron content levels), essentially mapping out the individual units or components that form the local geologic assemblage. The helicopter's operations crew was instructed to collect approximately 700 line-kilometres of geophysical and location-control data, covering 57 square kilometres under the following parameters:

• Altitude 80 metres to allow integration with previous surveys;
• Profile (grid) lines at 100-metre spacing flow at a northeast-southwest orientation;
• Perpendicular tie-lines flown at 1,000-metre intervals.

RPM processed and verified (quality assurance) the large volume of geophysical responses without issue. The new accurately geo-referenced data set now provides Exploits' geologists with a definite upgrade over previous generation of less-defined, regional-scale geophysical mapping. The influences of the area's convoluted structural/tectonic history (such as folding, sudden unit truncations, fault offsets etc.) are now easier to identify and interpret.

National Instrument 43-101 disclosure

Mr. Tylee, PGeo, vice-president of exploration with Exploits, is a qualified person within the provinces of Ontario and Newfoundland and Labrador as defined by NI 43-101. Mr. Tylee has reviewed and approved the technical information presented herein.

About Exploits Discovery Corp.

Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The company is focused on discovering high-grade structurally hosted epizonal gold similar to New Found Gold's success along the Appleton fault zone and parallel structures within the Exploits subzone.

Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.

We seek Safe Harbor.