Mr. J.W. Morton reports

TECH-X RESOURCES INC. COMPLETES 13 DIAMOND DRILL HOLES AT IRON LAKE

Eastfield Resources Ltd. has noted that Tech-X Resources Inc., a private company headed by well-known British Columbia venture capitalist Haig Farris, has completed 13 diamond drill holes totalling approximately 3,100 metres on the Iron Lake project.

Iron Lake is located approximately 50 kilometres northeast of the community of 100 Mile House, B.C., with targets including ultramafic-hosted copper-gold-palladium-platinum-cobalt, and separately, porphyry copper-gold. Preliminary to the current drilling Tech-X completed an airborne MobileMT survey and extensive geological reconnaissance in 2021 and extensive induced polarization surveys in 2022. The project claims now covers over 15,000 hectares.

The current drill program focused on the ultramafic-hosted style of mineralization. Results will be released promptly once received from the assayer.

Tech-X may earn an 80-per-cent interest in Iron Lake by completing a total of $12-million in work and paying a total of $1-million in option payments by Dec. 31, 2027.

This news release has been reviewed and approved by J.W. Morton, PGeo, who is the qualified person within the context of National Instrument 43-101 and takes responsibility for it.

About Eastfield Resources Ltd.

Other projects

Zymo: Eight-kilometre-long copper-gold porphyry system with several one km scale targets, located 45 km west of Smithers, B.C., and 100 per cent owned. Results include drill holes ZY08-07 with 0.72 per cent copper and 0.66 gram per tonne gold over 72 metres and hole ZY11-20 with 0.28 per cent copper and 0.34 g/t gold over 126 m. Peripheral precious metal veins have returned up to 10.78 g/t gold. Work completed in 2021 included expansions to the induced polarization and soil grids at a cost of approximately $430,000. Zymo is fully permitted.

Indata: Copper-gold porphyry and precious metal quartz veins, located 120 km north of Fort St. James, B.C., optioned to Alpha Copper Corp., which may earn 60 per cent by completing $2-million in exploration and paying $450,000 (cash and/or shares) by June 20, 2023. A number of very prospective untested induced polarization targets exist and are fully permitted. Results from previous drilling include DDH88-11 with 47.26 g/t gold over four m and DDH98-4 with 0.20 per cent copper over 148 m, including 0.37 per cent copper over 24 m at the bottom of the hole. In 2019, new mineralization was exposed by logging activities in the southern region of the claims with samples returning up to 3.64 per cent copper and 5.95 g/t gold. The Kwanika and Stardust deposits, owned by Northwest Copper Corp., are located immediately north of Indata and share similar geology. Drilling is currently in progress.

Hedgehog: Copper-gold (volcanogenic massive sulphide) and lode gold, located approximately 12 kilometres north of the community of Barkerville, B.C. In 2021, option partner West Oak Gold Corp. discovered several new anomalies. Particularly intriguing is a soil sample with 0.22 per cent copper and 8.45 per cent iron. Interest in this sample is inspired by previous float samples collected farther south on the property, including a massive sulphide boulder grading 24.3 per cent copper and 19.6 g/t silver collected in 1999 and five additional copper-rich massive sulphide boulders with an average grade of 8 per cent copper and 8.9 g/t silver collected in 2000. In 2013, Eastfield discovered a new area of mineralization in the northern region of the claims where quartz veins hosted in sheared rhyolite returned grab samples to 1.51 g/t gold and 1.37 per cent zinc. Other companies active in the area include Osisko Gold Royalties Ltd., which is currently conducting a major exploration program for gold 10 kilometres to the south in and around the former operating Barkerville mine. The project is fully permitted.

CR: Gold, located approximately 80 km northeast of the town of Quesnel, B.C., and 20 km north of the gold mining towns of Wells and Barkerville, was acquired by staking in 2014. There is no record of hard rock mineral exploration on the CR property prior to Noranda Exploration carrying out regional exploration in the area in 1986 with airborne magnetic and ground follow-up (ground-based surveys and soil sampling) identifying a 1.2-kilometre-by-0.7-kilometre arsenic-in-soil anomaly surrounding a local drainage named Arsenic Creek. In 2014, Eastfield carried out induced polarization and magnetic surveys in this area and outlined a 200-metre-by-800-metre northwest-trending chargeability high that remains open to the north. In 2018, soil sampling upslope of historical heavy mineral stream sediment anomalies exposed several spot gold and gold-arsenic anomalies that may indicate a source of the historical heavy mineral sampling in this direction. CR is permitted for drilling.