Mr. Peter Mah reports

SPANISH MOUNTAIN GOLD STRENGTHENS MANAGEMENT TEAM

Spanish Mountain Gold Ltd. has made the following additions to its management team:

• Mathew Lee, CPA, CA, as vice-president, finance;
• Becke Gray, PEng, PMP, as project manager;
• Bill Thomas as senior project adviser, metallurgy and processing;
• Jason McLennan as net-zero carbon regenerative mining consultant.

Peter Mah, Spanish Mountain's president, chief executive officer and director, commented: "We are very pleased to have Mathew, Becke, Bill and Jason join the company at this very important time of our development. Their collective 150-plus years of mining experience in their own areas of expertise and specialized skills are helping the company advance our robust, economical Spanish Mountain gold project towards permitting, development and ultimately construction."

Mr. Lee

Mr. Lee, CPA, CA, will oversee the financial affairs of the company. Over his nearly 15-year career, he has progressively advanced to senior financial management roles. Mr. Lee was most recently president of Manning Lee Management Ltd., where he provided chief financial officer services to various publicly listed companies in a variety of industries, including the metal and mining sector.

Ms. Gray

Ms. Gray, a professional engineer (PEng) and a project management professional (PMP), has over 30 years of engineering and project experience. She is currently overseeing the project management to advance the Spanish Gold gold project to development. Her past experience in the mining sector includes working at Eldorado Gold's Tocantinzinho project, Teck Coal, Teck Alaska, Skeena Resources' Eskay Creek project and New Gold's Rainy River project, as well as managing projects at various engineering, procurement and construction management firms.

Mr. Thomas

Mr. Thomas, BASc, mining and mineral processing, and MBA, has nearly 50 years of mine and facility design optimization, process simulation and advanced control, asset management, logistics, and mine construction and commissioning. His vast experience deploying those skills included roles in various mining and engineering firms such as AZ Mining, Hudbay Minerals, Micron Resources, Newmont Mining, Freeport McMorRan, Andritz Automation, CD Capital, Phelps Dodge, Placer Dome, Noranda, AMEC Engineering, HA Simons and BC Hydro.

Mr. McLennan

Mr. McLennan, who is advising the company, ensuring it will become the greenest gold mine in Canada, is considered one of the world's most influential individuals in the field of architecture and green building movement. He is the founder of the International Living Future Institute, is the principal of McLennan Design and chief sustainability officer at Perkins+Will, worked on the construction of the Climate Pledge Arena in Seattle, and is currently working with McEwen Mining on a groundbreaking project in Argentina. He is the recipient of the prestigious Buckminster Fuller prize (the planet's top prize for socially responsible design) and winner of numerous engineering and architecture awards. Mr. McLennan is the creator of the Living Building Challenge -- the most stringent and progressive green building program in existence, as well as author of numerous books and programs, including WELL Building Standard and Philosophy of Sustainable Design. He is both an Ashoka fellow and senior fellow of Design Future's council.

About Spanish Mountain Gold Ltd.

Spanish Mountain is focused on advancing its 100-per-cent-owned Spanish Mountain gold project in southern-central British Columbia. The company is simultaneously pursuing the dual objectives of delivering critical project milestones and expanding its multimillion-ounce mineral reserve and resource. The 2021 prefeasibility study demonstrates the project's potential to be a mining operation with a robust production profile (greater than 150,000 ounces per year) and profitability (all-in sustaining cost of $801 per ounce) over a mine life of 14 years.

We seek Safe Harbor.