Mr. Randy Turner reports

INDEPENDENCE GOLD COMMENCES FALL EXPLORATION AT THE 3TS PROJECT, BC

Independence Gold Corp. has begun a fall exploration program at its 100-per-cent-owned 3Ts project, located approximately 185 kilometres (km) southwest of Prince George, B.C., and situated 16 km southwest of Artemis Gold Inc.'s Blackwater project.

A National Instrument 43-101-compliant inferred resource estimate was recently updated on the 3Ts project by SGS Geological Services to incorporate recent drill results from 2020 to 2022. The combined in-pit and underground components of the Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4.47 million tonnes grading 3.64 grams per tonne (g/t) gold and 96.26 g/t silver, at a cut-off grade of 0.4 g/t gold equivalent (AuEq) in-pit and two g/t AuEq underground, containing 522,000 ounces of gold and 13.8 million ounces of silver (report effective date of Aug. 18, 2022, and authored by Armitage and Millar of SGS Geological Services).

Exploration will focus on surface mapping and sampling between the Ted-Mint and Tommy vein systems to better understand the structural and mineral potential of the target area and to provide essential data to aid with future drill programs. Historic sampling carried out between 1994 and 2019 on 160 quartz vein samples within this target area returned up to 89.9 g/t gold and 1,350 g/t silver. This target area is 1,000 metres (m) by 850 m and is split into two structural blocks by a northeast-trending fault. The western block is referred to as the Barney target and the eastern block as the Butch target. Historic drilling within these blocks has been extremely limited, with only 12 holes drilled totalling 1,539 m that targeted these veins.

Mapping and sampling at the eastern end of the property of additional target areas identified by the 2021 geophysical survey is also planned in order to establish a similar structural and mineralization understanding. These target areas have produced results from vein samples up to 39.8 g/t gold and 554 g/t silver representing significant targets for future drilling. Samples will be submitted for assaying to SGS Labs in Burnaby, B.C., for analysis and results are anticipated in December, 2022.

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 up to 20 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 National Instrument 43-101, has reviewed the technical information in this news release.

We seek Safe Harbor.