Mr. David Adamson reports

SOLSTICE APPOINTS PABLO MCDONALD AS CHIEF EXECUTIVE OFFICER AND DIRECTOR

Pablo McDonald has been appointed chief executive officer and director of Solstice Gold Corp., effective May 24, 2023.

Mr. McDonald is a mining professional with 15 years of experience of generating value on a diverse range of projects from greenfield exploration programs to some of the largest mines in the world. Prior to joining Solstice, he spent nearly a decade in consulting with mid-tier and major mining companies where he designed and executed projects critical to extending mine life, most notably for Newmont and B2Gold. Mr. McDonald has also managed exploration programs across North and South America, Europe, and Africa. Mr. McDonald holds a bachelor's degree in geological engineering from Queen's University.

David Adamson, chairman, stated: "On behalf of the board of directors, I am pleased to welcome Mr. McDonald as Solstice's new CEO. Over the past 15 months Pablo has skillfully managed Solstice's operations and exploration team. He was instrumental in Solstice's early recognition of the Eastern English River subprovince's lithium potential, which led to the acquisition of our 174-square-kilometre SLP land package. He has demonstrated that he has the leadership skills necessary to build out our business plan and drive shareholder value through discovery on our key exploration assets, continued monetization of our extensive royalty portfolio and leverage new opportunities."

Mr. McDonald stated: "I am pleased to accept the role of director and CEO of Solstice. Over the past year in the role of exploration manager I conducted an in-depth analysis of the company and its properties and projects. I am convinced that, by building on the hard work done to date, there is a strong opportunity for discovery. I am impressed with the strength of our technical team and commitment of our board, and I am fully committed to take the steps necessary to drive shareholder value through asset discovery and development."

In connection with Mr. McDonald's appointment, pursuant to Solstice's stock option plan, the company issued to him 900,000 stock options exercise for common shares of the company at an exercise price of five cents with a term of five years with one-third vesting immediately, one-third after one year and one-third after two years. The stock options are governed by the company's stock option plan.

Mr. McDonald's appointment as CEO and a director of the company is subject to acceptance and approval by the TSX Venture Exchange.

Upon Mr. McDonald's appointment on May 24, Mr. Adamson will step down from his role as interim CEO but will remain in his position as chairman of the board of directors.

About Solstice Gold Corp.

Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. The company's 194 square km Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake camp in Ontario and approximately 45 km from the Red Lake mine complex owned by Evolution Mining. Solstice's 322 square km Atikokan gold project is approximately 23 km from the Hammond Reef gold project owned by Agnico Eagle Mines Ltd. The company's Qaiqtuq gold project which covers 886 square km with certain other rights covering an adjacent 683 square km, hosts a 10 square km high-grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately seven km from the Meliadine gold mine owned by Agnico Eagle Mines. An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October, 2021. Over $2-million in value and three new royalties have been generated since the acquisition.

Solstice is committed to responsible exploration and development in the communities in which it works.

Mr. Adamson was a co-awardwinner for the discovery of Battle North Gold Corp.'s Bateman gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake.

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