Mr. Jeff Swinoga reports

EXPLOITS' GAZEEBOW SOUTH FOLLOW-UP TILLS PROGRAM SHOWS HIGH GOLD GRAIN COUNTS ALONG THE APPLETON FAULT ZONE

Exploits Discovery Corp. has released the results from its 2024 till sampling program conducted on its 100-per-cent-owned Gazeebow South property, located along the Appleton fault zone (AFZ) in central Newfoundland. Additional elevated gold grain counts from this follow-up program highlight the endowment potential for the interpreted northern extension of the Appleton fault zone and related splays to be a source of gold mineralization on the Gazeebow South property.

Highlights include:

• The 2024 till program at the Gazeebow South property was planned to follow up on areas that produced the highest gold grain counts, proximal to the interpreted extension of the Appleton fault zone, identified by 2023 sampling.
• Sampling along the Appleton fault zone continues to show elevated gold grain counts, reaching up to 14 times greater than the local area's background levels.
• Infill sampling for the 2024 program was conducted at 100-metre-by-100-metre spacing.
• Significant gold grain counts from this program include:
  • 55 total gold grains, of which 16 grains (29 per cent) are classified as pristine and six grains (11 per cent) are classified as modified;
  • 73 total gold grains, of which 19 grains (26 per cent) are classified as pristine and 38 grains (52 per cent) are classified as modified;
  • 84 total gold grains, of which nine grains (11 per cent) are classified as pristine and 15 grains (18 per cent) are classified as modified;
  • 67 total gold grains, of which five grains (7 per cent) are classified as pristine and 13 grains (19 per cent) are classified as modified;
  • 55 total gold grains, of which three grains (5 per cent) are classified as pristine and 18 grains (33 per cent) are classified as modified,

Jeff Swinoga, president and chief executive officer, stated: "We are highly encouraged by the latest results from our till survey program at our large Gazeebow South property, which covers over eight kilometres of the northern Appleton fault zone. These findings reinforce the presence of multiple anomalous gold grain zones and strengthen our confidence that gold mineralization extends northward along the Appleton fault zone. In addition, previous airborne lidar and magnetics surveys have identified a complex network of structural disruptions and braided splays along the Appleton fault zone. The deformation patterns observed in the local bedrock closely resemble those seen at New Found Gold's high-grade gold discoveries within the Queensway North project, approximately 17 kilometres to the south, highlighting the district-scale potential of this region in central Newfoundland."

Ottawa-based Overburden Drilling Management (ODM) was retained to process the till samples, extract and describe the gold grains. Mike Michaud, PGeo, vice-president of ODM, commented: "The till sample processing to date has identified a property background of zero to 10 pristine plus modified gold grains per sample in the survey area on the Gazeebow South property. ODM considers till samples to be anomalous if they yield at least two to three times background levels. Samples in three discrete areas meet this anomaly threshold ranging up to 14 times background of total gold grains. Many of the anomalous gold grain counts have been corroborated by neighbouring samples with anomalous or elevated counts."

Gazeebow gold property

The Gazeebow mineral licences were staked by Exploits in October, 2022, based on the interpreted extension of an approximately 8.4-kilometre segment of the Appleton fault zone and its related splay structures that transect the property. This extensive property is located approximately 20 kilometres north from the town of Gander within central Newfoundland and sits approximately 17 kilometres to the northeast of New Found Gold's recent Keats and Iceberg high-grade gold discoveries.

Quality assurance/quality control (QA/QC)

Till sampling programs are consistent with National Instrument 43-101 and CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best practices. Till samples are collected from hand-dug pits that extend down to the C soil horizon, approximately one metre to two metres deep. Approximately 12 kilograms of sample material are sieved through minus-eight-milimetre (one-quarter-inch) mesh and placed in a sample bag with unique sample tag. All sampling equipment is thoroughly cleaned between samples.

Till samples are processed by Overburden Drilling Management of Nepean, Ont. ODM uses custom gravity concentration, including shaking tables and micropanning of the resulting heavy mineral concentrates to recover gold grains from the samples. Any gold grains present are extracted for microscopic study to determine the morphology and dimensions of the grains.

NI 43-101 disclosure

Nick Ryan, PGeo, exploration manager with Exploits, is a qualified person within the province of Newfoundland and Labrador as defined by NI 43-101 standards. Mr. Ryan 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 team and geologic understanding with the vision to become one of the most successful explorers in Canada.

Acknowledgment

Exploits Discovery would like to acknowledge the financial support of the junior exploration assistance program from the Department of Natural Resources, government of Newfoundland and Labrador.

We seek Safe Harbor.