Mr. Randy Turner reports

INDEPENDENCE GOLD INTERSECTS 30.10 METRES GRADING 4.99 G/T GOLD AND 53.3 G/T SILVER FROM THE TOMMY VEIN AT THE 3TS PROJECT, BC

Independence Gold Corp. has released the first assay results from its 4,200-metre winter drill program (completed in April, 2022) at its 100-per-cent-owned 3Ts project, located approximately 185 kilometres southwest of Prince George, B.C., and situated 20 kilometres southwest of Artemis Gold Inc.'s Blackwater project.

The winter drill program was designed to infill significant gaps within historical drilling of the Tommy and Ted-Mint vein systems and also test new targets identified during the 2021 exploration and geophysical programs. Core samples were collected over a broader range of host rocks to test for the potential of lower-grade mineralization occurring around the veins. A National Instrument 43-101-compliant inferred resource estimate has been calculated for the Tommy and Ted-Mint veins, using a cut-off grade of one gram per tonne gold, with the inferred resource for these three veins totalling 5,452,000 tonnes grading 2.52 g/t Au and 71.5 g/t silver for 441,000 contained ounces of Au and 12.54 million contained ounces of Ag (see news release dated May 6, 2014). All data from this drill program and those since 2014 will be included in a resource update expected during the summer of 2022.

Drill holes 3TS-22-11, 3TS-22-12, 3TS-22-13, 3TS-22-16 and 3TS-22-17 all targeted the Tommy veins, an area with several large, north-south-striking, epithermal quartz veins that have been identified on surface over a 900-metre strike length by 300 m width (open in all directions, including at depth). The first three holes (3TS-22-11 to 3TS-22-13) were designed to test the core of the system and mineralization occurring in the veins and stockwork zones, as well as test for mineralization continuing below the microdiorite sill that bisects the veins. Holes 3TS-22-16 and 3TS-22-17 were significant stepout holes located 275 m south from the first three holes, designed to test the potential southerly extent of the Tommy veins. Hole 3TS-22-17 did not intercept any mineralization, which could indicate a southern structural boundary of the Tommy veins.

The remaining drill holes are currently being analyzed, and results are pending. All core samples have been sent to SGS in Vancouver for sample preparation and processing. Robotic sample preparation is used to ensure reproducibility; samples are pulverized to greater than 85 per cent passing 75 micrometres. All samples are submitted for four-acid digestion with an ICP finish. Gold grades are obtained by fire assay with AAS finish. Samples that return greater than 50 parts per million silver are resubmitted for fire assay with a gravimetric finish.

The 3Ts project comprises 15 mineral claims covering approximately 5,200 hectares in the Nechako Plateau region of central British Columbia. The 3Ts project covers an epithermal quartz-carbonate vein system, within which more than a dozen individual mineralized veins, ranging from 50 m to more than 900 m and true widths of up to 25 m, have been identified.

Property update

The company has terminated the option agreement with Almadex Minerals Ltd. for the Merit and Nicoamen properties.

About Independence Gold Corp.

Independence Gold is a mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition.

Andy Randell, PGeo, the company's qualified person as defined by NI 43-101, has reviewed the technical information in this news release.

We seek Safe Harbor.