Mr. Peter Mah reports

SPANISH MOUNTAIN GOLD APPOINTS TROY GILL AS VICE PRESIDENT, EXPLORATION

Spanish Mountain Gold Ltd. has appointed Troy Gill as vice-president of exploration effective immediately.

Peter Mah, Spanish Mountain Gold's president and chief executive officer, comments: "We are excited to have someone with Troy's extensive experience globally, and with gold projects in British Columbia, to join the Spanish Mountain Gold team. He will help us expand our large resource base, and help the team advance our robust, economical Spanish Mountain gold project through further development, permitting and ultimately towards construction."

Mr. Gill, member of the Australian Institute of Geoscientists (MAIG), is a geologist with 30 years of exploration and mining experience for a diverse range of commodities and styles of mineralization in Australia, Canada, Mexico and Solomon Islands. He was a senior project geologist and team leader at Rio Tinto for 15 years. Since then, Mr. Gill has held roles of exploration manager, VP of exploration and director in Canadian junior exploration companies. For the last three years, Mr. Gill has focused on exploration in British Columbia, including epithermal gold and silver in the Nechako Plateau region south of Burns Lake, and orogenic gold in the northern Stikine terrane. Most recently, as VP of exploration for Canagold Resources Ltd., he delivered the updated mineral resource estimate of 1.1 million ounces (Moz) indicated gold for the New Polaris gold project. Other commodity experience includes porphyry copper, VMS (volcanogenic massive sulphide) base metal, kimberlites and diamonds, komatiite nickel, and iron ore. The range of his experience in exploration methods spans from grassroots regional surficial geochemical sampling in regolith and glacial environments, remote sensing and geophysical survey data interpretation, and geological and structural mapping, through to various methods of resource definition drilling and geological modelling. Mr. Gill, MAIG, meets the requirements of a qualified person as defined by National Instrument 43-101.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold is focused on advancing its 100-per-cent-owned Spanish Mountain gold project in southern-central British Columbia. The company is focused on trade-off assessments to determine the targeted optimal production to advance its multimillion-ounce gold resource toward a construction decision. The 2021 prefeasibility study demonstrated the project's potential to be a mining operation with a production profile of greater than 150,000 gold ounces per year and low all-in-sustaining cost (AISC) of $801 per ounce over a 14-year mine life.

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