Mr. Peter Mah reports

SPANISH MOUNTAIN GOLD ENGAGES WHITTLE CONSULTING LTD. TO OPTIMIZE PROJECT

Spanish Mountain Gold Ltd. has entered into an agreement with Whittle Consulting Ltd. to conduct an enterprise optimization for its low-cost, multimillion-ounce open-pit Spanish Mountain gold project in the Cariboo gold corridor near Likely, B.C., Canada.

The optimization will deploy Whittle Consulting's Prober-F software, global computing power and experienced team of mining industry professionals to determine the optimal operation and scale, and to help minimize the project's carbon footprint over the life of mine.

Peter Mah, Spanish Mountain Gold's president, chief executive officer and director comments, "The company aims to capture shareholder value by utilizing the results of the Whittle optimization to clearly define the plan towards construction of B.C.'s next gold producer."

Gerald Whittle, Whittle Consulting CEO, added, "We are looking forward to working with the Spanish Mountain Gold team on their already robust gold project deploying our optimization processes with the goal of improving a mine's economics."

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 simultaneously pursuing the dual objectives of delivering critical project milestones and expanding its multimillion-ounce mineral resource and reserve. 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.

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