Mr. Randy Turner reports

INDEPENDENCE GOLD INTERSECTS 8.32 METRES OF 1.19 G/T GOLD AND 25.60 G/T SILVER IN THE MINT VEIN SYSTEM AT THE 3TS PROJECT, BC

Independence Gold Corp. has released the complete final assay results from the Mint vein system which was drilled as part of the fall drilling program at its 100-per-cent-owned 3Ts project. The 3Ts project is located approximately 185 kilometres (km) 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 center of the 3Ts project striking north-south for approximately one kilometre. This vein system, along with the Ted and Tommy vein systems, has been tested under previous drill programs with results having contributed to the 2022 inferred resource as outlined in "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada;" please see the news release dated Aug. 18, 2022, for further details. 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 (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 2.0 g/t AuEq underground cut-off grade, 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 to be integrated to a future update of the inferred resource. Each of the drill holes targeted the central or southern extent of the Mint vein system and confirmed the results expected from a typical geochemical zonation that occurs in epithermal quartz veins, where gold grade gradually decreases and silver grade increases. This trend can continue for tens to hundreds of metres below this zone. The Mint vein system remains open along strike to the north and south, and at depth.

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 ICP finish. Gold grades are obtained by fire assay with AAS 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. Quality control comprises of 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 is compiled annually. Any discrepancies are immediately addressed accordingly.

The 3Ts project is comprised of 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.

About Independence Gold Corp.

Independence Gold 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.