Mr. Randy Turner reports

INDEPENDENCE GOLD ANNOUNCES FINANCING OF UP TO $1.5 MILLION

Independence Gold Corp. has arranged an equity financing of up to a maximum of 12.5 million shares comprising flow-through common shares and units. The FT shares will be offered at 12 cents each and the units will be offered at 12 cents each, for maximum aggregate proceeds of $1.5-million and a combined total of 12.5 million shares issued. Each unit will consist of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at an exercise price of 18 cents for a period of 24 months. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees may be payable to eligible arm's-length persons with respect to certain subscriptions accepted by the company.

The proceeds from the sale of the offering will be used by the company to finance further exploration programs, including drilling, at the company's 3Ts property, located in central British Columbia, as well as a portion of the proceeds from the units is also intended to be used for general and administrative purposes.

The closing of the offering is subject to the receipt of applicable regulatory approvals, including the approval of the TSX-V. The securities issued will be subject to a four-month hold period.

President and chief executive officer Randy Turner commented: "Drilling recently completed on the 3Ts project, in conjunction with the updated resource completed in 2022, indicates the potential for further expansion of both the Tommy and Ted-Mint vein systems both along strike and at depth. Drilling has also identified the potential of gold and silver mineralization at the recently discovered Ian and Johnny veins. Under the 2023 drill program, 33 drill holes were completed, of which seven holes have been reported to date. Analysis of the remaining holes will be reported as they are received from the lab. We look forward to expanding this project further in the summer exploration programs."

Certain technical information in this press release has been reviewed and approved by Andy Randell, PGeo. Mr. Randell is a qualified person under National Instrument 43-101.

We seek Safe Harbor.