Mr. Jeff Swinoga reports

EXPLOITS' NEW HIGH-GRADE DRILL RESULTS CONFIRM DOWN-DIP CONTINUITY OF SADDLE ZONE

Exploits Discovery Corp. has released encouraging gold assays results from its recent diamond drilling campaign at the Saddle zone situated within the company's Bullseye property. The latest assay data, received and verified from six additional drill holes, confirm multiple gold intercepts exceeding 10 grams per tonne gold, correlating with the presence of visible gold observed in the drill core.

The Saddle zone is in the vicinity of the company's drill hole No. BE-23-028, near the Appleton fault zone in central Newfoundland. In 2023, Exploits' drilling program intersected several clusters of quartz veining within an 18-metre interval of core (refer to hole No. BE-23-028 assays within a news release dated Aug. 14, 2023). The same quartz vein network appears to have been encountered again in several 2024 drill holes, including BE-24-015 with assay results showing 67.55 g/t Au over 3.30 metres (see news release dated July 15, 2024), as well as BE-24-016, BE-24-020 and BE-24-021, which were drilled northwest across the path of hole BE-23-028. Drill holes BE-24-018/019 were designed as short scout holes testing a separate set of quartz veins to the east of the mineralized veins intersected in drill holes BE-23-015/016.

Highlights include:

• BE-24-021:
  • Intersected 16.32 g/t Au over 0.65-metre core length, located at a vertical depth of approximately 171 m below surface;
  • Intersected 4.80 g/t Au over 0.60-metre core length, located at a vertical depth of approximately 173 m below surface;
  • Intersected 20.92 g/t Au over 0.60-metre core length, located at a vertical depth of approximately 178 m below surface; visible gold noted;
• BE-24-020:
  • Intersected 3.12 g/t Au over 1.45-metre core length, located at a vertical depth of approximately 155 m below surface;
  • Intersected 12.65 g/t Au over 1.30-metre core length, located at a vertical depth of approximately 252 m below surface; visible gold noted:
    • Including 20.67 g/t Au contribution from a 0.55-metre sample;
• BE-24-016:
  • Intersected 4.43 g/t Au over 0.80-metre core length, located at a vertical depth of approximately 93 m below surface;
  • Intersected 1.48 g/t Au over 3.90-metre core length, located at a vertical depth of approximately 134 m below surface; visible gold noted:
    • Including 3.54 g/t Au contribution from a 0.55-metre sample;
    • Including 2.55 g/t Au contribution from a 0.60-metre sample;
  • Intersected 1.88 g/t Au over 1.30-metre core length, located at a vertical depth of approximately 138 m below surface:
    • Including 2.59 g/t Au contribution from a 0.85-metre sample;
• Current interpretation of 2023-2024 logging observations and these assay results suggest that the Saddle zone remains open in all directions;
• There are three drill holes left to be reported from this phase 3 targeted drill program.

Jeff Swinoga, president and chief executive officer, commented: "We are very pleased that these new drill results extend our Saddle gold zone at depth and along strike from our initial results of 67.55 g/t gold over 3.3 metres. It was great to see visible gold in our core once again, this time leading to a pair of assays in the 20-gram range. We have three more drill holes to report for phase 3 and are currently utilizing a downhole televiewer consultant to assist in designing follow-up drill plans. With 10 kilometres of claims on the Appleton fault zone, a talented all local team based in historic Gander, Nfld. (a 30-minute drive to our project), available infrastructure, well-funded and large supporting shareholders such as Eric Sprott and New Found Gold [Corp.], our goal is to be the next large successful gold exploration company in the beautiful province of Newfoundland and Labrador."

Bullseye gold property

The Bullseye claims were staked by Exploits in September, 2022, and are contiguous to New Found Gold's Queensway project. The claims are considered by the company's geologists to be highly prospective because they directly overlay a 1,200-by-800-metre segment of the AFZ and its related splay structures.

Quality assurance -- quality control

All prospective NQ core is logged and delineated for sampling by an Exploits professional geologist. The core is subsequently halved by a diamond-bladed core saw by the company's technicians with one-half being placed in a bag with a unique sample identification. The remaining half core is retained within the company's secure storage facility in Gander, Nfld. Sample bags are sealed and then shipped directly to Eastern Analytical Ltd. Certified standards and blanks are inserted at defined intervals following the company's QA/QC documented procedures, representing approximately 5 per cent of all samples sent for assaying. All core samples are currently analyzed at Eastern Analytical Ltd. of 403 Little Bay Rd., Springdale, Nfld., a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits. Samples are analyzed using fire assay (30 grams) with AA finish (Au-FAA 30-part-per-billion process) and/or a four-acid digestion followed by multielement ICP-OES analysis. All samples with visible gold or assaying above 10.0 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Metallic screen assays are reported as weighted averaged ppb directly calculated from the lab.

Market liquidity services

The company further announces that it has engaged Red Cloud Securities Inc. to provide services as a market-maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. Under the agreement, RCSI will receive a fee of $5,000 plus applicable taxes per month.

National Instrument 43-101 disclosure

Ken Tylee, PGeo, vice-president of exploration with Exploits, is a qualified person within the provinces of Ontario and Newfoundland and Labrador as defined by National Instrument 43-101 standards. 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. Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.

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