Mr. Rob Bergmann reports

RELEVANT GOLD COMPLETES 1,560 METRES OF DRILLING AT LEWISTON AND PROVIDES EXPLORATION UPDATE

Relevant Gold Corp. has successfully completed its 2023 exploration campaign at the company's 16,187-hectare (40,000-acre) land package throughout Wyoming, United States. The work included the first-ever drilling of the Heavy Hand target in the South Pass goldfield in west-central Wyoming as well as regional surface mapping and sampling focused at Bradley Peak, Shield-Carissa and Golden Buffalo. Most assay data are pending and should be received within one to 10 weeks.

"We are very pleased to have successfully advanced our pipeline of discovery opportunities throughout the state of Wyoming even in the face of challenging market conditions," said Relevant Gold chief executive officer Robert Bergmann. "We eagerly await results from our drilling at Heavy Hand and expect that the combined 2023 results will strongly reinforce our regional-scale Abitibi-style shear-hosted gold model. We look forward to testing these new targets with an aggressive drilling campaign in 2024."

The 2023 program included completing the following work:

• Drilled 11 holes totalling 1,560 metres of diamond core at the Lewiston project, Heavy Hand target in the South Pass goldfield in west-central Wyoming.
• Initial observations of drill core appear to confirm the company's model for subparallel deep-rooted and near-vertical orogenic shear zones (see news release, Sept. 13, 2023).
• Regional mapping and rock sampling focused on target generation at Bradley Peak, Shield-Carissa and Golden Buffalo; three district-scale targets were identified at Bradley Peak, including highlight results of 5.3 grams per tonne gold at the Deserted Treasure zone, and 107 g/t silver and 6.25 per cent copper at the Kortes zone (see news release, Nov. 7, 2023). Results for Shield-Carissa and Golden Buffalo are pending.
• Regional soil geochemical sampling program across the Golden Buffalo project. Results are pending.
• Regional airborne geophysics survey conducted by the State of Wyoming over central Wyoming, including both Relevant Gold's South Pass and Bradley Peak camps (see news release, May 24, 2023). Results are pending.

Lewiston drilling program

The Lewiston project comprises 10 kilometres of orogenic shearing with gold associated throughout. Numerous shear zones have been mapped in detail throughout the district ranging from 15 m wide at surface. Mineralization is seen as gold-bearing quartz veins with arsenopyrite plus pyrite plus chlorite plus/minus biotite plus/minus scheelite within the shear zone. The shear zones are flanked by brittle stockworks and alteration consisting of silicification and chloritization. Heavy Hand is a 500 m by over one km greenfield target identified as multiple subparallel and near-vertical orogenic shear zones with high-grade gold (Relevant Gold surface rock chip samples highlights include 62.4 g/t Au), distinct hydrothermal alteration and associated orogenic geochemistry (arsenic, tungsten, bismuth, tellurium, antimony, silver). Heavy Hand is one of two major targets in the northern Lewiston project identified to date through systematic exploration.

During the 2023 field season, Relevant Gold drilled 11 holes totalling 1,560 m of diamond core at the Heavy Hand target. Highlights and early observations from the drill program include:

• Successfully intersected shear zones in multiple drill holes at up to 200 m depth, including known mapped shear zones and blind shear zones not exposed at surface;
• Confirmation of the company's model for subparallel deep-rooted and near-vertical orogenic shear zones (see news release, Sept. 13, 2023);
• Observation of significant alteration, veining and remnant sulphides in most drill holes;
• Distinctive styles of alteration recognized and mapped at surface were readily seen in core, including silicification, chlorite, epidote, hematite (oxidized sulphides), sericite and biotite alteration across the shear zones. For a full technical summary, view the company's Lewiston National Instrument 43-101 technical report.

"Phase 1 drilling at Heavy Hand was designed to cut numerous shear zones at depth and along strike. Initial observations shows strong hydrothermal alteration, abundant veining and elevated geochemistry that strongly support our exploration modelling for the Lewiston district," said Relevant Gold chief exploration officer Brian Lentz. "The alteration intensity and field analyses (PXRF) shows elevated arsenic, tungsten and associated pathfinder metals, matching what we see along the surface of the mineralized shear zones, so we are eagerly anticipating results."

Mapping and rock sampling program

Building upon the company's strong proof of concept achieved in 2022 (see news release, Feb. 6, 2023), Relevant Gold focused on detailed mapping and sampling to generate additional Abitibi-type and -scale target opportunities across the broad portfolio of five district-scale projects that comprise the company's Wyoming holdings. Detailed mapping and sampling were completed at the following projects in 2023:

• Bradley Peak -- July field program 0- results received (see news release, Nov. 7, 2023);
  • Three district-scale targets identified. Highlights include high-grade gold and copper samples such as 5.3 g/t gold at the Deserted Treasure zone and 107 g/t silver and 6.25 per cent copper at the Kortes zone;
• Shield-Carissa -- August field program -- results pending;
• Golden Buffalo -- September/October field program -- results pending.

The company expects results from these mapping and sampling programs to come in progressively over the next one to 10 weeks.

Soil sampling program

The company's regional soil geochemical survey covering its South Pass projects is planned to bridge the 2023 and 2024 seasons. In 2023, more than 2,100 soil samples were collected over the Golden Buffalo project area, with the balance to be completed early next spring, including an expansion across other South Pass project areas. The sample grid was established on north-south-oriented lines spaced 400 m apart with samples taken every 25 m. The samples are currently being analyzed via Niton X-ray fluorescence analysis for pathfinder elements, including arsenic, copper and zinc. This method has proven to be a cost-effective method for analyzing soil samples in orogenic systems where arsenic and other metals detectable with portable XRF are primary geochemical vectors. Results from this program are expected before the end of the year.

Qualified person

The scientific and technical contents of this release have been approved by Mr. Lentz, CPG No. 11999, chief exploration officer of the company, who is a qualified person as defined by Canadian National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Lentz is not independent of the company.

About Relevant Gold Corp.

Relevant Gold is a North American gold exploration company focused on the acquisition, exploration, discovery and development of district-scale gold projects in the state of Wyoming -- one of the most mining-friendly jurisdictions in the United States and globally. Founded by experienced exploration geologists, Relevant Gold is managed by a highly respected team with a proven record of significant value creation for shareholders.

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