Mr. Randy Turner reports

INDEPENDENCE GOLD INTERSECTS 27.43 METRES OF 3.48 G/T GOLD AND 325 G/T SILVER IN THE MINT VEIN SYSTEM AT THE 3TS PROJECT, BC

Independence Gold Corp. has released the first assay results from drilling carried out on the Mint vein system at its 100-per-cent-owned 3Ts project. The 3Ts project is located approximately 185 kilometres southwest of Prince George, B.C., and situated 16 km southwest of Artemis Gold Inc.'s Blackwater project.

The Mint vein system is situated in the centre of the 3Ts project, striking north-south for approximately one kilometre. The vein system has been tested under previous drill programs with results having contributed to the 2022 inferred resource (see news release dated Aug. 18, 2022) along with the Ted and Tommy vein systems. The combined in-pit and underground components of the Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4,469,297 tonnes grading 3.64 grams per tonne gold and 96.26 g/t silver, at a cut-off grade of 0.4 g/t gold equivalent in-pit and two g/t AuEq underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver.

Drilling at the Mint vein system was designed to test key areas for additional assay data for a future update of the inferred resource. Drill hole 3TS-23-38 intersected 27.43 metres of mineralized quartz vein between 109 m and 136.43 m grading 3.48 g/t gold and 325.96 g/t silver.

Additionally, 3TS-23-41, which was drilled 150 m north of 3TS-23-38, intersected 15 m of mineralization between 73 m and 88 m grading 4.29 g/t gold and 60.40 g/t silver.

Update on the exploration program

The fall drill program was completed on Nov. 15, 2023, with a total of 1,805 m of drilling carried out. Drilling primarily targeted the Mint vein system with additional drill testing of the new Johnny and Ian veins and first-pass exploration of the new Ootsa copper-silver target. Results are being released as they are received from the lab and may be out of sequential order due to varying submission dates after logging and sample preparation times. Planning is currently under way for an approximately 5,000 m drill program to commence during the first quarter of 2024. This program will be designed to test the Ted-Mint and Tommy vein systems at depth and other targets outlined by previous geophysics and geological exploration.

All drill holes completed to date have been sent to SGS lab in Vancouver for sample preparation and analysis. Robotic sample preparation is used to ensure reproducibility; samples are pulverized to greater than 85 per cent passing 75 microns. All samples are submitted for four-acid digest with an inductively coupled plasma finish. Gold grades are obtained by fire assay with atomic absorption spectroscopy finish. Samples which return greater than 10 parts per million gold and 100 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 a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 m to more than 1,100 m and true widths up to 25 m, have been identified.

About Independence Gold Corp.

Independence is a well-financed 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.

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