Mr. Jeff Swinoga reports

EXPLOITS: VISIBLE GOLD AT SADDLE ZONE EXTENDS STRIKE AND LATERAL CONTINUITY

Exploits Discovery Corp. has released assay results from the remaining three diamond drill holes recently completed at the Saddle zone situated within the company's Bullseye property.

The Saddle zone is in the vicinity of the company's drill hole No. BE-23-028, near the Appleton fault zone (AFZ) 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). In June, 2024, follow-up drilling encountered coarse visible gold in hole BE-24-015, which generated a 254.08-gram-per-tonne-gold intercept over a 0.8-metre core sample (see press release dated July 15, 2024). Drill holes BE-24-022 and 023 were designed to extend the mineralization intersected in hole BE-24-015 along strike and provide additional lateral continuity to the mineralized zone. BE-24-024 was designed to test the potential connection of the mineralization intersected in drill holes BE-24-013 and 014 with BE-24-015.

Highlights include:

• BE-24-022:
  • Intersected 1.60 g/t Au over 2.05-metre core length, located at a vertical depth of approximately 73 m below surface:
    • Including 1.26 g/t Au contribution from a 0.65-metre sample;
    • Including 1.76 g/t Au contribution from a 1.40-metre sample;
  • Intersected 3.92 g/t Au over 0.45-metre core length, located at a vertical depth of approximately 84 m below surface.
• BE-24-024:
  • Intersected 1.48 g/t Au over 0.65-metre core length, located at a vertical depth of approximately 165 m below surface;
  • Intersected 3.68 g/t Au over 0.50-metre core length, located at a vertical depth of approximately 166 m below surface; fine-grained visible gold noted;
• Drill holes within the Saddle zone are currently being surveyed by DGI Geoscience with its proprietary downhole Televiewer tool to assist with the final structural orientation interpretation of this zone;
• Current interpretation of 2023-2024 logging observations and these assay results suggest that the Saddle zone remains open in all directions.

Jeff Swinoga, president and chief executive officer, commented: "We are pleased that our phase 3 drill program discovered a new gold zone, which we have called Saddle. These remaining drill results confirm the gold mineralization system extends beyond the previously reported central high-grade gold mineralization that reported initial results of 67.55 g/t gold over 3.3 metres.

"Our all-local talented team are now focused on designing follow-up drill plans utilizing their logging insights coupled with downhole Televiewer data. Meanwhile, to the north, our till-sampling program at our large Gazeebow property is 80 per cent complete. Results from this program are expected in the coming months. With 10 kilometres of claims on the Appleton fault zone, we remain well funded with large supporting shareholders such as Eric Sprott and New Found Gold. 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 Corp.'s Queensway project. The claims are considered by the company's geologists to be highly prospective because they directly overlie 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, 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 a 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.

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 NI 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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