Mr. Randy Turner reports

WINTER DRILL PROGRAM RESUMES AT THE 3TS PROJECT, BC

The second phase of a 10,000-metre winter drill program has resumed at Independence Gold Corp.'s 100-per-cent-owned 3Ts project. The 3Ts project is located approximately 185 kilometres 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. The project is situated 16 kilometres southwest of Artemis Gold Inc.'s Blackwater mine and covers a low-sulphidation epithermal quartz-carbonate vein district, within which 19 individual mineralized veins, ranging from 50 metres to more than 1,100 metres in strike length and with true widths of up to 25 m, have been identified.

Drilling update

Prior to the Christmas break, a total of 12 drill holes were completed for a total of 3,222 m. Ten of the drill holes focused on the Ted-Mint and Tommy vein systems to obtain additional information for an updated resource model (please see the news release dated Aug. 18, 2022, for further details). The remaining two drill holes tested the Ian vein system at depth, as well as the first exploration drilling of the Alf vein. The second phase of the winter drill program has commenced, and will consist of approximately 6,700 m and will focus on multiple targets, including Ian, Johnny, Ootsa and Balrog. Mineralized drill core from phase 1 has been delivered to SGS Canada for analysis, with results pending.

Corporate update

A total of 19,458,668 warrants that were related to the December, 2022, private placement financing were exercised for total proceeds of $2,335,040. In addition, the company closed two private placement financings in the fourth quarter of 2024 for total gross proceeds of $8.65-million. The company has also granted incentive stock options to certain directors, officers, employees and consultants to purchase three million shares under the company's incentive stock option plan. The options will be granted for a period of three years and are exercisable at a price of 25 cents per share.

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 the technical information in this news release.

We seek Safe Harbor.