Mr. Randy Turner reports

INDEPENDENCE GOLD INTERSECTS 11.00 METRES OF 6.14 G/T GOLD AND 59.64 G/T SILVER IN THE TED-MINT VEIN SYSTEM AT THE 3TS PROJECT, BC

Independence Gold Corp. has released its assay results from the Ted-Mint vein system from the spring drill program carried out at its 100-per-cent-owned 3Ts project. The 3Ts project is located approximately 185 kilometres (km) southwest of Prince George, B.C., and comprises 17 mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. It is situated 16 km southwest of Artemis Gold Inc.'s Blackwater project and covers a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 metres (m) to more than 1,100 m in strike length and with true widths up to 25 m have been identified.

The spring drill program, consisting of 22 holes and totalling 5,130 m, was designed to test several targets along the Ted-Mint and Tommy vein systems, both near surface and at depth below the sill. The program also tested early-stage exploration targets, including the Ian and Johnny veins, in order to generate additional drill data for incorporation into the current resource model (see report titled, "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada," written by Armitage and Miller, effective Aug. 18, 2022; please see 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 (Au) and 96.26 g/t silver (Ag), at a cut-off grade of 0.4 g/t gold equivalent (AuEq) in pit and 2.0 g/t AuEq underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver, or 687,156 AuEq ounces.

The Ted-Mint vein system is a series of north-south-striking gold and silver-bearing quartz carbonate veins, defined by drilling with a strike length of 1,050 m and an average estimated true width of six m. Drilling at the northern end of the Ted-Mint vein system, which is relatively underexplored, 3TS-24-21 targeted the vein below the sill at an approximate depth of 200 m vertically. Additionally, hole 3TS-24-22 was drilled to explore the Ted-Mint vein in the south-central part of the system at a depth approximately 70 m below the 2021 intercept of 3TS-21-01, which returned 13.65 m grading 5.21 g/t gold and 268 g/t silver. This interval also included the presence of lead and zinc, indicating a transition from precious metals to base metal horizons in the epithermal system. This is reflected in the lower gold grades where the silver increases significantly, indicating proximity to the base metal horizon.

Please refer to the company's website for a map showing the veins and drill hole locations.

Update on the exploration program

The summer field program included regional mapping, airborne geophysics, trenching and relogging of historical core, including detailed exploration on the Ootsa copper-silver target, located 1.2 km north of the camp. A compilation of all summer field data in conjunction with previous drill information will be utilized in preparation for a planned minimum 5,000 m fall drill program.

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 (inductively coupled plasma) finish. Gold grades are obtained by fire assay with AAS (atomic absorption spectroscopy) finish. Samples that return greater than 10 parts per million gold and 100 parts per million silver are resubmitted for fire assay with a gravimetric finish.

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.

We seek Safe Harbor.