Mr. Pablo McDonald reports

SOLSTICE GOLD ANNOUNCES INITIAL DRILL PROGRAM AT THE STRATHY GOLD PROJECT IN THE TEMAGAMI GREENSTONE BELT, ABITIBI SUBPROVINCE, NE ONTARIO

Solstice Gold Corp. has finalized plans for a 3,500-metre, fully financed and permitted diamond drill program at the Strathy gold project, located in the Temagami greenstone belt in the prolific Abitibi subprovince in Ontario. The program consists of 15 to 18 drill holes at an average length of 200 metres below surface which will test five high-priority target areas and is set to commence in April, 2025.

Pablo McDonald, Solstice chief executive officer, stated: "We're thrilled to be able to launch our initial drill program at our Strathy gold project. It's rare to control a property in the prolific Abitibi subprovince that hosts documented high-grade gold, but which is essentially untested over several adjacent square kilometres. After months of rigorous technical work, culminating in our recent IP geophysical survey, we interpret a much larger, coherent mineralizing system at Strathy than has been documented or tested to date. This campaign marks a pivotal moment for Solstice shareholders as we embark on a well-designed drill program that we believe gives us a strong chance of discovery."

Background

The core of the Strathy project is centered on the regional-scale Leckie fault, which is a gold-bearing north-south-trending fault that hosts the historic Leckie gold zone. The Leckie gold zone is mainly situated on two small (24-hectare) third-party-owned patents, but documented gold mineralization extends onto Solstice's claims and includes 5.00 grams per tonne Au over 17.28 metres and 7.66 g/t Au over 7.25 m (core lengths) at vertical depths of approximately 50 to 100 metres below surface. Solstice controls the north and south extensions of the Leckie fault which are untested by diamond drilling along 1.2 km of strike length and to depths in excess of one km on Solstice claims.

Recent IP surveys (Simcoe Geosciences) detect the known mineralization at the Leckie gold zone which is an important proof of concept. The IP survey shows more extensive, better-developed and untested IP anomalies along the north and south extensions of the Leckie fault. These anomalies extend from surface to depths of greater than 300 m on Solstice claims, as summarized, below:

1. Leckie fault extensions: North and south extensions of the Leckie fault show strong IP chargeability anomalies. Many of these are better developed than those at the historic high-grade intercepts noted above.
2. Potential intrusive-related targets: A second type of target at Strathy which exhibits high chargeability and associated high resistivity (as opposed to low resistivity at the Leckie gold zone). These IP responses are up to 800 m long and may suggest the presence of a different style of mineralization from the Leckie fault, possibly associated with intrusive source rocks, which are spatially associated with many gold deposits in the Temagami greenstone belt and in the Abitibi in general.
3. New Leckie-Parallel faults: Digital elevation modelling (DEM) and IP data define linear N-S targets which are interpreted to represent multiple Leckie-type targets across the property. The highest priority areas on these targets are where they intersect the high chargeability/high resistivity targets described above.

Targeting

The five principal target areas to be drilled are summarized below:

1. Northern extension of the Leckie fault. This area hosts chargeability responses which are stronger and more extensive than those present at the Leckie gold zone. This target area is at the intersection of the Leckie fault IP trend with a regional IP anomaly which extends to the southwest for 800 m.
2. Southern extension of the Leckie fault. This area hosts chargeability anomalies which are stronger, more numerous and more extensive than those present at the Leckie gold zone. By comparison with Leckie gold zone responses, the Leckie fault is clearly identified in IP sections in both target areas 1 and 2.
3. An extensive, moderately to strongly chargeable zone associated with areas of high (rather than low) resistivity. This suggests that mineralization may be associated with more resistive, possibly intrusive, host rocks. This represents an intriguing, newly identified target type on the property. Modelling of DEM and historical data identify N-S trending faults in this area that are interpreted to be similar to the Leckie fault, located approximately 500 m to the west.
4. In addition to Leckie-style faults, the IP response in this area has a regional (northeast-southwest) component. Drilling will test this target which is essentially perpendicular to the Leckie fault targets described above in the third point.
5. Drilling of this target will test an 800 m long chargeability anomaly associated with increasing resistivity southwestward. As noted above, high resistivities may be related to intrusive source rocks. Targeting here is also designed to test potential high-angle structures cutting this regional trend.

About Solstice Gold Corp.

Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. The company's 41-square-kilometre Strathy gold project hosts high-grade gold mineralization over a wide area straddling two northeast-southwest-trending structures. It is located in the Abitibi subprovince of the Superior Craton and has never been systematically explored in its history. The company's Qaiqtuq gold project which covers 662 square km, hosts a 10 square km high-grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately seven km from the Meliadine gold mine owned by Agnico Eagle Mines Ltd. The company's district-scale Atikokan gold project is approximately 26 km from the Hammond Reef gold project owned by Agnico Eagle Mines Ltd. The company's 194 square km Red Lake extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake camp in Ontario and approximately 45 km from the Red Lake mine complex owned by Evolution Mining. An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October, 2021. Well over $2.5-million in value and over 20 new royalties have been generated since the acquisition.

Solstice is committed to responsible exploration and development in the communities in which the company works. For more details on Solstice Gold, the company's exploration projects and details on its portfolio of projects please see its corporate presentation available at the company's website.

Solstice's chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corp.'s Bateman gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake.

Sandy Barham, MSc, PGeo, senior geologist, is the qualified person as defined by NI 43-101 standards responsible for reviewing and approving the technical disclosures of this news release.

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