Mr. Christopher Berlet reports

STAKEHOLDER IDENTIFIES TWO KILOMETER SCALE GOLD IN SOIL, AND MULTIPLE FURTHER ANOMALIES ON BALLARAT

Stakeholder Gold Corp. has released the results of a 5,036-sample soil grid and ridge and spur sampling program undertaken by GroundTruth Exploration Ltd. on the company's 100-per-cent-owned Ballarat project over the summer of 2023. The sampling program was designed to cover previously identified gold and copper ridge and spur anomalies and also to evaluate unexplored, and recently staked, portions of the 18,741-hectare property. Highlights from the program include:

• Identification of two distinct, subparallel, anomalous gold-in-soil trends of 1.9 kilometres and 1.3 km on the Skye zone. The Skye zone extends west-southwest off of the route proposed for the Northern Gateway Road where the road traverses the northern section of the company's claim holdings.
• Detection of multiple further spot gold anomalies associated with ridge and spur samples. These newly identified gold-in-soil and ridge and spur anomalies, which now warrant follow-up grid sampling, are located west and east of Ballarat Creek in areas several km south of the Sky zone and also proximal to the route proposed for the Northern Gateway Road.
• Identification of a 500-metre-wide zone of anomalous copper ridge and spur samples associated with a Jurassic-aged intrusive unit. Regional mapping indicates that this unit has surface dimensions of approximately 1,000 m by 300 m and is located east of Ballarat Creek within the southeast sector of the company's contiguous claim holdings, and approximately one km east of the route proposed for the Northern Gateway Road where it traverses the southern section of the company's claim holdings. See the company's news release dated April 14, 2023, available on SEDAR+.

2023 soil program

A total of 5,036 samples were collected during the 2023 summer program. The program consisted of four grids (100 m spaced lines by 50 m spaced samples on each line) and several line km of ridge and spur sampling (50 m spaced samples). The sampling was conducted by GroundTruth Exploration of Dawson City, Yukon, using dutch augers and targeting C horizon material at the bedrock interface. Individual results for gold ranged from trace to 200 parts per billion Au and for copper from three to 1,213.3 parts per million Cu.

Sky zone extension

Highlights of the sampling program include the identification of two northeast-southwest-trending, subparallel, gold-in-soil anomalies in the north central portion of the property that expand the previously identified Skye zone. The Skye zone was identified in 2016 and consists of gold-in-soil anomalies which are associated with sericite altered quartz-feldspar gneiss hosting quartz veining and disseminated-vein controlled pyrite along an interpreted northeast-southwest-oriented fault zone. The 2023 sampling program has extended the Skye zone anomaly to over 1.9 km of strike length with soils up to 107.9 ppb Au and has also identified a second subparallel trend of gold in soils up to 101.7 ppb Au approximately 700 m to the south. This second subparallel gold trend remains open and untested to the southwest. The soils anomalies are gold only with only slightly elevated lead (plus/minus molybdenum) and this geochemical association, plus the style of alteration/mineralization observed in 2016, indicates that these are potentially structurally controlled targets with similarities to the Golden Saddle deposit located approximately 32 km to the northwest.

Newly identified gold anomalies

Multiple spotty gold-in-soil anomalies were identified in newly sampled areas during the 2023 summer program and these anomalies now warrant follow-up work. Highlights include a series of anomalies of up to 200 ppb Au approximately two km northwest of the Skye zone; ridge and spur anomalies in the southern portion of the property of up to 128.4 ppb Au; and soils of up to 80 ppb Au in the northwestern portion of the property.

Copper anomaly

In addition to gold, an approximately 500 m zone of anomalous copper in soils has also been identified with the 2023 summer survey. The copper anomaly consists of two ridge and spur lines spaced approximately 180 m apart. Samples in the zone ranged from 52.4 ppm to 1,213.3 ppm Cu and occur within, and on the northern margin of, a Jurassic-aged intrusive unit outlined by regional mapping. The samples returned low gold and other pathfinder elements and will require field evaluation to elucidate the nature of the anomalies.

"In April of this year we staked mineral claims allowing us to triple the company's White Gold landholdings to 18,741 hectares. Our objectives were to stay close to the proposed route for the Northern Gateway Road and to fully cover the area over the drainage basin into Ballarat Creek, which we know has been a prolific placer gold producer. By fully covering the area over the drainage basin into Ballarat Creek we had hoped to find the gold deposit sources for the extensive gold being recovered in placer operations on Ballarat Creek.

"Our 2023 summer exploration program has now identified two distinct and extensive gold-in-soil anomalies on the Sky zone, as well as further gold-in-soil anomalies located further south on the property which have been detected on both the east and west sides of Ballarat Creek. A copper anomaly associated with Jurassic-age intrusive rocks has also been identified. All of these anomalies are located within a distance of less than three km from the proposed route for the Northern Gateway Road which is expected to provide significant logistical advantages for regional development upon completion," stated Christopher Berlet, president and chief executive officer of Stakeholder.

2024 Ballarat project exploration program

Preliminary planning for the 2024 exploration season is already under way. Work will include follow-up prospecting/sampling, geologic mapping, expanded soil surveys, lidar surveys and, potentially, geophysical surveys. The goal of the 2024 program will be to clearly define drill targets for late summer drilling. Additional information and plans for the 2024 season will be released in the coming months.

Ballarat property

The company's 100-per-cent-owned, 18,741-hectare, contiguous claim position covers key ground features in the centre of the rapidly evolving White Gold mining and exploration camp. Stakeholder claims are located in the relative centre of the White Gold district, north and northeast of Newmont's Coffee gold project, due north of Western Copper and Gold Corp.'s Casino project, and west, south and east of White Gold's regional exploration initiatives.

Quality assurance/quality control and qualified person statement

The analytical work for the 2023 program was performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All soil samples were prepared using procedure SS80 (dry at 60 degrees and sieve 100 grams at minus 80 mesh) and analyzed by method AQ201 (aqua regia digestion and inductively coupled plasma mass spectrometry analysis).

GroundTruth Exploration, of Dawson City, Yukon, managed all work for the company. The reported work was completed using industry-standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks and field duplicates into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Jodie Gibson, MSc, PGeo, is the qualified person for the company, as defined by National Instrument 43-101, and has reviewed and approved the contents of this press release.

We seek Safe Harbor.