Mr. Randy Turner reports

INDEPENDENCE GOLD SAMPLES 17.00 METRES OF 2.68 G/T GOLD AND 39.12 G/T SILVER IN SURFACE TRENCHING AND ACQUIRES AN ADDITIONAL 36.40 KM2 OF LAND AT THE 3TS PROJECT, BC

Independence Gold Corp. has released assay results from the fall trenching program at its 100-per-cent-owned 3Ts project as well as the staking of 36.40 square kilometres of mineral tenure immediately adjacent to the southern boundary of the 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.

Trench results

A series of five trenches were excavated at the 3Ts project during the surface field program in 2023. These trenches were designed to test for mineralization in areas between the major vein systems or across geological blind spots where little geological or geochemical information is known. A total of 190 metres length comprises the five trenches, four of which (146 m) focused adjacent to the Tommy vein system and a further 44 m at the newly discovered Ootsa copper-silver target (see news release dated Oct. 4, 2023).

The Tommy vein cliff trench (CVTR) crossed over the surface expression of the Tommy vein system for a total of 36 m where vein material including quartz, amethyst and fluorite are exposed on the surface, including 17 m grading 2.68 grams per tonne gold and 39.12 g/t silver. A second trench located adjacent to the western shoulder at the Tommy vein system (TVTR) returned 12 m grading 1.93 g/t gold and 22.58 g/t silver within mineralized quartz stockwork veins. The final trench in the Tommy area, the Tommy-Ian infill trench (TITR), tested the area between the Tommy vein system westward to the Ian vein system where narrow but high-grade veins were discovered during the spring 2023 drill program. TITR returned a narrow 0.50 m mineralized quartz vein grading 3.76 g/t gold.

A 40 m long trench was also excavated at the Copper Knob target (CKTR) to systematically sample the new Tony vein which was discovered earlier in 2023 (see news release dated Sept. 27, 2023) which returned eight m grading 3.97 g/t gold and 49.63 g/t silver, including 0.75 m grading 35.67 g/t gold and 393.33 g/t silver. An additional 40.33 m long trench (OTR) was excavated at the newly discovered Ootsa target located one km northeast of the Mint vein system and is geologically and geochemically distinct from the other known targets at the 3Ts project. The trench exhibited malachite and azurite mineralization in volcanic host rocks, returning an interval of 2.88 m grading 0.2 per cent copper and 11.81 g/t silver. Other samples in the trench individually returned anomalous grades up to 0.52 per cent lead and 1.66 per cent zinc, indicating broader mineralization potential within the trench section.

Expansion of 3Ts project area

In the fourth quarter of 2023, Independence Gold staked an additional 36.40 square km of tenure along the southern border of the 3Ts project to explore for a possible continuation of the emerging northeast-southwest trends that extend from the Blackwater project (currently being developed by Artemis Gold). Several arcuate features are observed in the topography which have been recognized as potential mineralizing centres during the 2023 field program. The newly acquired ground has seen very little historical prospecting, although one sample on the boundary collected in 2016 returned a quartz sample grading 1.26 g/t gold and 10 g/t silver. Exploration of the southern extension is planned for the second quarter of 2024 and proposed exploration will include prospecting and airborne geophysical surveys to test structural extensions into this ground.

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. Quality control procedures are followed for all samples submitted to the laboratory for assay, including strict chain-of-custody protocols. Quality control comprises OREAS standards, blank materials, and the field or preparation duplicate material for testing. Insertion rate is at a minimum of one quality control sample per sample but in sections of mineralized drill core a standard is inserted at the beginning of the section to establish calibration, a duplicate in the middle of the sequence to test repeatability (for field duplicates) or homogeneity (for preparation duplicates). Mineralized sections are then completed with the insertion of blank material to ensure equipment has been cleaned rigorously and no smearing or contamination of grade occurs. Quality control is monitored on each assay certificate as it arrives from the laboratory and then all data are compiled annually. Any discrepancies are immediately addressed accordingly.

The 3Ts project comprises 17 mineral claims covering approximately 8,840 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.

AME Roundup 2024

Independence Gold is pleased to announce that it will be exhibiting core from the 3Ts project at the 2024 AME Roundup Conference, held in Vancouver, B.C. The company can be found in the Core Shack at booth No. 927 on Monday and Tuesday, Jan. 22 and 23, 2024.

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 and approved the technical information in this news release.

We seek Safe Harbor.