Mr. Pablo McDonald reports

SOLSTICE PROVIDES UPDATED INFORMATION ON PRIVATE PLACEMENT

Solstice Gold Corp. has confirmed in its Oct. 31 private placement that it issued, for gross proceeds of $1.12-million: 1,170,296 common shares (the Ontario FT (flow-through) shares) of the company to residents in Ontario at a price of 8.5 cents per Ontario FT share, each Ontario FT share qualifying as a flow-through share for purposes of the Income Tax Act (Canada) (the ITA), 4,839,119 common shares (the national FT shares) at a price of 6.8 cents per national FT share, each national FT share qualifying as a flow-through share for purposes of the ITA; and 11,448,998 units of the company at six cents per unit, each unit comprising one common share of the company and one-half warrant where one full warrant is exercisable for one share at 10 cents for 12 months from the closing date of the offering.

As per TSX-V regulations, the total number of shares issued as part of the offering must be stated, and is provided above. The closing press release stated the gross proceeds and prices of each type of share issued, but not the total number of shares issued.

About the Strathy gold project

The Strathy gold project is an extensive 41-square-kilometre land package in the Archean-age Temagami greenstone belt, which is the southernmost extension of the Abitibi subprovince in Ontario. Solstice's first drill program on the project intercepted the Red Cedar Discovery; an intercept of 8.52 grams per tonne Au (gold) over 3.5 metres. The discovery hole is located in the largest IP anomaly on the project which is open to the north and east. Located on the Trans Canada Highway, the project has excellent access to infrastructure and mining expertise. In addition to the recent Red Cedar discovery, the Strathy gold project contains documented, widespread high-grade gold mineralization, hosting historic intercepts of 5.00 g/t Au over 7.28 metres and 7.66 g/t Au over 7.25 m (core lengths) at vertical depths of approximately 50 to 100 metres below surface, and documented surface sample results of up to 62.7 g/t Au. Despite this demonstrated prospectivity, the core claims at Strathy have not been systemically explored in the past.

About Solstice Gold Corp.

Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. The company's 41-square-kilometre Strathy gold project hosts high-grade gold mineralization over a wide area straddling two northeast-southwest-trending structures. It is located in the Abitibi subprovince of the Superior Craton, and has never been systematically explored in its history. A recent 17.5 line km Alpha IP survey defines 50 new targets on SGC claims. Large, continuous IP anomalies are structurally linked to areas of significant gold intercepts and are largely untested, presenting the opportunity for significant discovery.

The company's Qaiqtuq gold project which covers 662 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 Ltd.

The company's district-scale Atikokan gold project is approximately 26 km from the Hammond Reef gold project owned by Agnico Eagle Mines Ltd. 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.

An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October, 2021. Well over $2.5-million in value and three new royalties have been generated since the acquisition.

Solstice's chairman, David Adamson, was a co-award winner 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.

Sandy Barham, MSc, PGeo, senior geologist, is the qualified person as defined by National Instrument 43-101 standards responsible for reviewing and approving the technical disclosures of this news release.

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