An anonymous director reports

DRILLING TO START AT IRON LAKE

Eastfield Resources Ltd.'s Iron Lake project option partner Tech-X Resources Inc. (a private company) has informed the company that it anticipates beginning its 2023 drill program at Iron Lake on or about June 30.

The Iron Lake copper-gold-palladium-platinum-nickel-cobalt project is located 50 kilometres northeast of the community of 100 Mile House, B.C., and is optioned to Tech-X Resources (a private company headed by Haig Farris). Targets include ultramafic-hosted copper-gold-palladium-platinum-nickel-cobalt and porphyry-style copper-gold. 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 $750,000 in option payments by June 15, 2029.

In 2022 Tech-X completed extensive induced polarization surveys and 23 diamond drill holes totalling 5,001 metres. Work in 2023 began with a VTEM (versatile time-domain electromagnetic) airborne geophysical survey flown in March to further focus proposed 2023 drill targets.

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: One-hundred-per-cent-owned, eight-kilometre-long copper-gold porphyry system with several one km scale targets, located 45 km west of Smithers, B.C. 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. Zymo is fully permitted.

Indata: Copper-gold-(molybdenum) porphyry and precious metal quartz vein, located 120 km north of Fort St. James, B.C., optioned to Alpha Copper Corp., which may earn 60 per cent by completing $2.3-million in exploration and paying $450,000 (cash and/or shares) by June 20, 2024. Eleven drill holes totalling 2,140 m were completed in 2022. Results include IN22-82 with 173.6 metres grading 0.23 per cent copper starting at 2.9 metres, including 28.9 metres grading 0.47 per cent copper starting at 2.9 metres. It constitutes the northern boundary of the Lake zone which remains open beyond this point. A new zone of molybdenum mineralization was unexpectedly discovered five kilometres to the south of the Lake zone in what is now called Area 74 where hole IN22-74 intersected 30.8 metres grading 0.10 per cent molybdenum (0.16 per cent molybdenum disulphide equivalent) starting at 113.7 metres and continuing to the bottom of the hole, including 7.5 metres grading 0.32 per cent molybdenum (0.51 per cent MoS2Eq). Results from historical drilling at Indata include DDH88-11 with four metres grading 47.26 g/t gold. 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. The 2023 field program is planned to start June 26, 2023.

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 soil anomalies (arsenic, zinc and copper). Further soil sampling completed in 2022 has defined a previously unknown cohesive arsenic-copper soil anomaly with sporadic soil gold values to 748 parts per billion. Intriguing to the potential of Hedgehog are several historic float samples, including a massive sulphide boulder grading 24.3 per cent copper and 19.6 g/t silver discovered 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 discovered in 2000. In 2013, Eastfield discovered mineralization in the current area of interest where quartz veins hosted in 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 conducting a major exploration program for gold 10 kilometres to the south in and around the former-operating Barkerville gold mine. Hedgehog 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 identifying a 1.2-kilometre-by-0.7-kilometre arsenic-in-soil anomaly surrounding a local drainage which they named Arsenic Creek. Eastfield subsequently completed surface soil and rock sampling and induced polarization surveying and an initial one-hole drill test in the 2022 field season.