Mr. Peter Mah reports

SPANISH MOUNTAIN GOLD ENGAGES GENERATION IACP AS MARKET MAKER

Subject to regulatory approval, Spanish Mountain Gold Ltd. has engaged the services of Generation IACP Inc. to provide market-making services in accordance with TSX Venture Exchange policies. Generation IACP will trade shares of the company on the TSX Venture Exchange and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.

Under the agreement, Generation IACP will receive compensation of $7,500 per month, payable monthly in advance. The agreement is for an initial term of 12 months and will renew for an additional six-month term unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and Generation IACP will not receive shares or options as compensation. Generation IACP and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither Generation IACP nor its principals have an interest, directly or indirectly, in the securities of the company.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold is focused on advancing its 100-per-cent-owned Spanish Mountain gold project in south-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 (AISC (all-in sustaining cost) of $801 per ounce) over a mine life of 14 years.

We seek Safe Harbor.