Mr. Rob Bergmann reports

Relevant Gold Corp. has released gold assay results for its 1,560-metre diamond drilling exploration program at its Heavy Hand target, Lewiston project, located in the company's 15,095-hectare land package in the South Pass gold field, Wyoming, United States. Drilling intersected shear-hosted gold mineralization in 10 of 11 drill holes, cutting multiple near-vertical shears across a 500 m wide corridor, 600 m along strike and to vertical depths of 225 m, illustrating a sizable oxide gold footprint at the apex of a prominent orogenic gold system. Mineralized shear structures are highlighted by 10 m (core length) averaging 0.35 gram per tonne (g/t) gold (Au) in hole 23-LD011 and six m (core length) averaging 0.29 g/t Au in hole 23-LD010, including one m (core length) of 0.96 g/t Au. Narrow higher-grade shears are highlighted by 0.5 m (core length) of 1.9 g/t Au and 0.7 m (core length) at 1.72 g/t Au.

"We cut gold in almost all of the first holes ever drilled into a 500 m by 1,000 m target, demonstrating that Lewiston hosts a large, fertile orogenic gold system that is begging to be drilled deeper. So far, Heavy Hand checks all the early boxes necessary to quickly evolve into a major gold discovery in Wyoming," said Rob Bergmann, Relevant Gold's chief executive officer. "These results give us a second district-scale, Abitibi-like discovery opportunity and we have another 10 targets in the pipeline ready to advance across our portfolio."

Eleven holes were completed, totaling 1,560 m of HQ diamond core drilling at the Heavy Hand target with over 90 per cent (10 of 11) of drill holes intersecting reportable gold mineralization (0.1 g/t Au or greater). Assay highlights include:

• Hole 23-LD011:
  • 10 m core length averaging 0.35 g/t Au from 273 m to 283 m, including one m of 0.96 g/t Au from 273 m to 274 m;
  • Two m core length averaging 0.37 g/t Au from 302 m to 304 m within fresh arsenopyrite-pyrite-pyrrhotite mineralization.
• Hole 23-LD010:
  • 0.5 m core length averaging 0.16 g/t Au from 18 m to 23 m;
  • 0.7 m core length of 1.72 g/t Au from 78 m to 78.7 m;
  • Six m core length averaging 0.29 g/t Au from 99 m to 105 m;
  • 10 m core length averaging 0.10 g/t Au from 137 m to 147 m.
• Hole 23-LD009:
  • 2.4 m core length averaging 0.30 g/t Au from 13.71 m to 16.10 m;
  • Four m core length averaging 0.18 g/t Au from 80 m to 84 m.
• Hole 23-LD007: 0.5 m core length of 1.9 g/t Au from 69 m to 69.6 m;
• Hole 23-LD002A: 10.34 m core length averaging 0.1 g/t Au from 117.14 m to 127.48 m, within a larger 33.5 m strongly altered hematite-chlorite-biotite-sericite-sulphide shear zone.

The drill holes reported here from the 2023 Heavy Hand exploration program are some of the first efforts to identify district-scale orogenic gold opportunities in the historic Lewiston mining district within the South Pass gold fields in central Wyoming. Heavy Hand is one of six high-grade targets at the 100-per-cent-owned 5,620-hectare Lewiston project, which are permitted and awaiting future drill testing.

Hole 23-LD011 intersected multiple strongly altered hematite-chlorite-sericite-biotite-sulphide shear zones including 10 m (core length) averaging 0.35 g/t Au from 273 m to 283 m, as well as fresh arsenopyrite-pyrite-pyrrhotite mineralization, including two m core length averaging 0.37 g/t Au from 302 m to 304 m. Importantly, this indicates unaltered mineralization continues below the oxidized zone to depths of over 225 m beneath the surface. Four other drill holes intersected the same mineralized shear zones along strike to the north, illustrating potential continuity of oxide gold mineralization over 250 m of strike length. The continuity of mineralization is highlighted by three distinct intervals in hole 23-LD010, including five m core length averaging 0.16 g/t Au from 18 m to 23 m, six m core length averaging 0.29 g/t Au from 99 m to 105 m, and 10 m core length averaging 0.1 g/t Au from 137 m to 147 m, respectively. The continuity of these structural corridors provides a panel of favourable conditions to target high-grade ore shoots common in orogenic gold systems.

"As the first-ever drilling program, the widespread gold intercepts intersected within multiple shears at Heavy Hand illustrate a well-mineralized, near-vertical gold system, just like we see in the Abitibi gold belt," said Brian Lentz, chief exploration officer of Relevant Gold. "The intense alteration and sulphides associated with mineralized shears suggests we are at the top of the system, and provides strong vectors for a deeper drilling program. We look forward to getting full geochemical results back and fine tuning our geologic model as we prepare for follow-up drilling."

The significant corridor of multiple near-vertical mineralized shear zones observed at Heavy Hand is consistent with known fertile orogenic gold systems and provides additional proof of concept that large-scale Abitibi-style mineralization may exist in central Wyoming. Furthermore, this suggests that modern orogenic gold exploration concepts such as those developed in the prolific Canadian Abitibi gold belt (more than 200 million ounces of gold production) can be applied in the region. Importantly, recent plate tectonic studies suggest that Wyoming was connected to the Abitibi gold belt at the time of mineralization and was later rifted apart to its present position. This increases the potential that the multiple shears identified to date within the company's 15,095-hectare land package should have excellent potential for a major gold discovery.

Key observations from drill core

The company's primary focus for this drilling program was to test mapped surface shear zones to depth along strike, and to begin to define the subsurface geology, architecture, alteration and pathfinder geochemistry. The following key observations were made:

• Geology:
  • The geology at Heavy Hand is composed of metagraywacke-slates of the Miners Delight formation interlaced with brittle-ductile shearing and complex orogenic quartz-carbonate vein arrays.
  • Mafic greenstone rocks have been observed in core and mapped at surface to the south, and indicate a more complex geological framework than ever previously recognized.
  • Continued detailed logging and geologic modelling will better identify lithological context, contact zones and relationships to gold mineralization.
• Structure:
  • The Heavy Hand stacked shear zone corridor has been mapped on surface as a 500 m wide zone traceable along strike for at least one-kilometre north-south.
  • Drilling intersected a total of nine mineralized shear zones, including three blind shear zones and has traced these shear zones from surface to a vertical depth of 225 m.
  • A more than 600 m strike length of mineralized shear zones was drilled and intersected within multiple drill holes, illustrating continuity both at depth and along strike.
  • Shear zones consist of an anastomosing, multistrand array of northeast-southwest-striking, steeply west (70 degree to 90 degree)-dipping subvertical structures that vary in width from one m to more than 45 m.
• Alteration:
  • Intense oxidized orogenic/Abitibi-style alteration was observed in all 11 drill holes.
  • Alteration mineralogy includes an assemblage of strongly oxidized and altered rock, including hematite, biotite, chlorite, actinolite, sericite, tourmaline and silicification.
• Mineralization:
  • Gold mineralization exists within the oxide zone of intensely altered hematite-chlorite-sericite-biotite shear intervals and contact zones within the Miner's Delight formation host rock.
  • The last drill hole, 23-LD011, intersected fresh arsenopyrite-pyrite-pyrrhotite mineralization at 225 m below the surface and confirmed an oxidation zone boundary at about 175 m to 200 m depth below the surface.
  • Abundant episodic, orogenic quartz vein arrays were cut in every drill hole.
  • The style of orogenic quartz-sulphide veining is typical of that occurring in a brittle-ductile transition zone, including pyrite-arsenopyrite-pyrrhotite assemblages.
  • The mineralization and geochemistry observed from drilling at Heavy Hand support that it is lying in the apex of a larger mineralized system.

Lewiston project summary

The Lewiston project is located southeast of the Wind River Mountain Range in Fremont county of west-central Wyoming, 65 kilometres southeast of Lander, Wyo. The property is composed of both private land and public land managed by the Bureau of Land Management (BLM), totalling 13,887 acres (5,620 hectares) of active BLM mining claims, including 58 acres (23 hectares) of patented claims at Hidden Hand. Relevant Gold has two permitted drill targets at Lewiston with a third permit pending.

Early data analysis, combined with detailed mapping and sampling, identified a more than 10 km mineralized shear zone trend running through the district. Relevant Gold's Lewiston project claims include the historic Hidden Hand, Burr, Goodhope and Lone Pine mines, where historically reported samples include 1,690 ounces/ton Au.

Relevant Gold rock chip samples are highlighted by 62 g/t Au plus 8.1 per cent copper (Cu) from arsenic (As), antimony (Sb), tungsten (W) and copper from enriched shear zones that historically have reported significant high-grade bonanza-style gold within the shear structures and associated veining. 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.

The Heavy Hand target is a 500 m by one-kilometre-plus greenfield target identified as multiple subparallel and near-vertical orogenic shear zones with high-grade gold (Relevant Gold surface rock chip sample highlights include 62.4 g/t Au), distinct hydrothermal alteration and associated orogenic geochemistry (As, W, bismuth (Bi), tellurium (Te), Sb and silver (Ag)). Heavy Hand is one of six major targets in the Lewiston project identified to date through systematic exploration.

For a full technical summary, view the company's Lewiston National Instrument 43-101 technical report.

Quality assurance/quality control (QA/QC)

Samples were submitted to the accredited MSA Labs laboratory for preparation and analysis at its Val d'Or, Que., and Langley, B.C., facilities in Canada. Samples were prepared and analyzed for gold using PhotonAssay at the Val d'Or location and multielement geochemistry at the Langley, B.C., location. All samples were assayed for gold using the CPA-Au1 method with a greater-than-250-gram sample, and also analyzed for multielement inductively coupled plasma mass spectrometry geochemistry using method IMS-230 with a four-acid digestion.

MSA Labs employs an internal QA/QC to ensure proper sample preparation and equipment calibration. Additionally, Relevant Gold's QA/QC program includes regular insertion of certified reference material standards, duplicates and blanks in the sample batches to further monitor lab accuracy, precision and equipment calibration.

All results and QA/QC have been reviewed by Mr. Lentz, CPG, who is the chief exploration officer and qualified person for the company.

About Relevant Gold Corp.

Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a record of significant value creation for shareholders. Relevant Gold is 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.

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.

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