Mr. Randy Turner reports

INDEPENDENCE GOLD INTERSECTS 26.70 METRES GRADING 8.00 G/T GOLD AND 49.48 G/T SILVER FROM THE TED-MINT VEIN SYSTEM AT THE 3TS PROJECT, BC

Independence Gold Corp. has released additional assay results from its 4,200-metre winter drill program at its 100-per-cent-owned 3Ts project, located approximately 185 kilometres southwest of Prince George, B.C., and situated 20 km 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 also 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 vein systems, using a cut-off grade of one gram per tonne gold, with the inferred resource for these vein systems totalling 5,452,000 tonnes grading 2.52 grams per tonne gold and 71.5 grams per tonne silver for 441,000 contained ounces of Au and 12.54 million contained ounces of Ag (authored by Dr. Allan Armitage, PhD, PGeo, 2014 -- see news release dated May 6, 2014). All data from this drill program and those since 2014 (10,997 metres) will be included in this update expected during the summer of 2022.

Drill holes 3TS-22-01, 3TS-22-02, 3TS-22-03, 3TS-22-04 and 3TS-22-05 all targeted the Ted-Mint vein system, an area with several large, north-striking, epithermal quartz veins that have been identified on surface over a 900 m strike length by 175 m width and that remains open in all directions and at depth. These holes were also designed to test the potential geochemical zonation of the epithermal deposit as per standardized models, as it is hypothesized that the Ted-Mint vein system is hosted in an upthrown block of country rock in relation to the Tommy vein system to the west. This brings the base metal horizon, consisting of elevated copper, lead and zinc, closer to the surface and, therefore, within the drill hole intercepts.

Drill holes 3TS-22-01, 3TS-22-02, 3TS-22-03 and 3TS-22-05 all returned precious metal values as well as some anomalous base metal values. It is worth noting that the Au and Ag intervals sit within or overlap the base metal horizons; therefore, the presentation of results is split into two attached tables. Drill hole 3TS-22-04 returned no significant assays, as the predicted vein intercept was replaced by a series of later, non-mineralized dikes that have been observed before, but their distribution has not been modelled.

The remaining seven drill holes are currently being analyzed, and results are pending. These include five holes further testing the Ted-Mint vein system and two drill holes into the Balrog geophysical anomaly identified in 2021. 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.

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.

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