Ms. Daniele Spethmann reports

WARRIOR GOLD ANNOUNCES COMPLETION OF HIGH-RESOLUTION AIRBORNE MAGNETIC, VLF AND LIDAR SURVEY

Warrior Gold Inc. has seen the completion of a high-resolution airborne magnetic and lidar survey recently undertaken at its Kirkland Lake gold camp properties. Data compilation and processing of the survey data is currently under way.

The large regional, roughly 3,400-line-kilometre triaxial magnetic, VLF (very-low frequency) and lidar survey across the KLW and KLC/Arnold project areas was completed in a timely and efficient manner by GoldSpot Discoveries Corp.'s geophysical services division from May 25 to June 14, 2022. The survey parameters included a flight line azimuth of 0 degrees/180 degrees and flight-line spacing of 50 metres. Tie lines at 500-metre spacing had an azimuth of 90 degrees/270 degrees.

This high-resolution survey utilized GoldSpot's newly developed M-PASS system, a proprietary platform that has been designed to collect the magnetic and VLF datasets, lidar and orthophotos -- simultaneously.

Goldspot chief executive officer Vincent Dube-Bourgeois commented: "We are very happy to have completed this large and detailed survey for Warrior Gold. Now that this milestone is complete, these newly acquired datasets will help to unlock the value of the promising KLW, KLC and Arnold projects. We look forward how this data will guide the upcoming exploration plans of Warrior Gold."

The data sets collected by this survey are currently being processed and results are anticipated in early July. Once received, Warrior will undertake a combined geophysical and structural interpretation of the data and combine this with the compilation of the geology and known mineral showings of the KLW and KLC/Arnold land packages, all of which will guide future exploration plans, including a follow-up field program.

"We are excited to receive the results and interpretation of this airborne survey which will provide the foundation to our geological and structural understanding of this most recently acquired portion of our land package. As geoscientists, we all know structure is key to the orogenic gold deposit model, not only in the Kirkland Lake gold camp, but throughout the metal-endowed Abitibi greenstone belt. The airborne survey data will be married with known historical mineralized showings and follow-up work will include the ground-truthing of geophysical interpreted structures and known mineralized trends. All of this work and the exploration drilling on our Goodfish Kirana project continue to advance our efforts towards making a discovery in the gold-rich Kirkland Lake camp," stated Daniele Spethmann, chief executive officer of Warrior Gold.

The company also reports that recently filed assessment work report on the 2021 diamond drilling programs was approved by the Ontario Ministry of Mining Lands Administration (MLAS) and has extended the current Goodfish-Kirana and KLW land packages' good standing from 2030 to roughly 2032.

QP (qualified person) statement

Ms. Spethmann, PGeo, is president and CEO, a director of Warrior Gold, and a qualified person as defined by National Instrument (NI) 43-101. Ms. Spethmann has reviewed the technical information in this news release and approves the written disclosure contained herein.

About Warrior Gold Inc.

Warrior Gold is a TSX Venture Exchange listed company that has consolidated a significant and prospective land package in the Kirkland Lake gold camp in Ontario, Canada. The properties are hosted in the Abitibi greenstone belt, one of the world's best-endowed greenstone belts with over 200 million ounces of gold produced to date. The properties are host to regional and property-scale mineralized structures that are considered to be second order structures off the Larder Lake Cadillac deformation zone -- LLCDZ -- the regional structure in the belt known to be spatially associated with the gold mines hosted in the camp.

The properties assembled include: the 100-per-cent-owned Goodfish-Kirana, the Arnold property and the recently optioned KL West (KLW) and KL Central (KLC). Warrior Gold's land position in the Kirkland Lake gold camp comprises approximately 21,469 hectares, over 480 claims and 29 patented claims; it ranks the company as one of the largest landholders in the Kirkland Lake region.

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