Mr. Aaron Stone reports

GENERIC GOLD COMPLETES PHASE 3 DRILL PROGRAM ON THE BELVAIS PROJECT IN NORTHWESTERN ABITIBI, QUEBEC

Generic Gold Corp. has successfully completed the phase 3 drill program on the Belvais project, located in the northwestern region of Quebec's Abitibi greenstone belt. The program was to follow up on high-priority EM (electromagnetic) targets that were discovered from a BHEM (borehole electromagnetics) program. A total of 1,856 metres were drilled across six drill holes.

All assay results have been received, with highlights including a highly anomalous silver-zinc intercept, a copper-bearing quartz vein and nickel from banded pyrrhotite plus pyrite. Further descriptions of the mineralization are provided below. Given the recent success of VMS (volcanogenic massive sulphide) discoveries by neighbours Starr Peak Mining and Amex Exploration, these zinc and copper results warrant further work.

The Belvais project lies in a favourable geological district, being directly southeast of Amex Exploration's Perron project, which previously announced a new VMS discovery (the QF zone) along the Normetal mine sequence (see Amex press release dated Aug. 9, 2021), as well as being directly east and southeast of Starr Peak's NewMetal project, which announced high-grade VMS mineralization on its Normetmar target (see Starr Peak press release dated May 4, 2021). Both of these discoveries occur along the Normetal fault, which is of particular significance for Generic Gold, as the company holds over 20 kilometres of the Normetal fault on its Belvais claims, and is one of the largest landholders in the area with 12,563 hectares.

Generic Gold will continue to assess further targets across the Belvais project. Due to the vast land package held by the company, many targets remain to be tested.

Qualified person

Aaron Stone, PGeo (OGQ -- 2170), vice-president of exploration for Generic Gold and qualified person as such term is defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The qualified person has not completed sufficient work to verify the historical information on the property and in the vicinity, particularly in regards to historical drill results and historical mine production. However, the qualified person believes that these results were completed to industry standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results. Also, mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's property.

About Generic Gold Corp.

Generic Gold is a Canadian mineral exploration company focused on gold projects in the Tintina gold belt in Yukon, Canada, and the Abitibi greenstone belt in Quebec, Canada. The company's Quebec exploration portfolio consists of four properties covering 12,563 hectares proximal to the town of Normetal, and east of Amex Exploration's Perron project and the past-producing Normetal mine. The company's Yukon exploration portfolio consists of several projects with a total land position of greater than 35,000 hectares, all of which are 100 per cent owned by Generic Gold. Several of these projects are in close proximity to significant gold deposits, including Goldcorp's Coffee project, Victoria Gold's Eagle Gold project, White Gold's Golden Saddle project, and Western Copper & Gold's Casino project. Generic Gold's board of directors and management team is led by experienced mining industry professionals, with expertise in exploration, finance, capital markets and mine development.

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