Getchell Gold Corp. Reports Significant Increase to the Mineral Resource Estimate at the Fondaway Canyon Gold Project, NV

View this email in your browser Getchell Gold Corp. Reports Significant Increase to the Mineral Resource Estimate at the Fondaway Canyon Gold Project, NV Vancouver, BC – September 11, 2024 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce an Updated Mineral Resource Estimate ("2024 MRE") for the Fondaway Canyon gold project in Churchill County, Nevada. 2024 Updated Mineral Resource Estimate* Key Highlights 18% increase in Indicated mineral resources and 11% increase in Inferred relative to previous MRE; Indicated Mineral Resource of 13.5 million tonnes at an average grade of 1.49 g/t Au for 648,000 ounces of gold; Inferred Mineral Resource of 44.8 million tonnes at an average grade of 1.16 g/t Au for an additional 1,670,100 ounces of gold; Significant Oxide Cap delineated; and Gold mineralization starts at surface and remains open for further expansion. "The significant increase to the Mineral Resource Estimate at Fondaway Canyon moves the valuation bar considerably higher and continues to demonstrate the incredible upside potential that has yet to be discovered." stated Mike sieb, President. The results of the 2024 Updated Mineral Resource Estimate are as follows: Table 1:  Fondaway Canyon Global Mineral Resource Estimate* Table 2:  Fondaway Canyon Mineral Resource Estimate* by Zone       *Notes on the 2024 Mineral Resource Estimate are provided below. A video presentation on the Fondaway Canyon gold project and the 2024 Updated Mineral Resource Estimate can be accessed by the following link: Video Presentation 2024 Updated MRE Figure 1: Fondaway Canyon Project MRE showing conceptual pits and Central Zone gold grade block model Figure 2:  Fondaway Canyon 2024 MRE 3D gold grade block model - Colorado SW section Figure 3:  Fondaway Canyon Project MRE 3D gold grade block model – North Fork Section The MRE represents a significant expansion to the 2023 Mineral Resources Estimate published by the Company in February 2023 primarily due to: The addition of eight (8) holes drilled in 2022 in the Central Area, FCG22-20 through FCG22-28 (excluding FCG20-24 drilled to the west outside of the current resource), completed subsequent to the cut-off for inclusion into the 2023 MRE.  All 8 drill holes intersected significant intervals of gold mineralization (Company news release dated June 6, 2024). A 7% increase in the bulk density of the mineralized host rock, derived from the 2024 field work collecting a total of 1,382 sample measurements and validated by a subset of 121 samples analyzed at Bureau Veritas' laboratory in Sparks, Nevada (Company news release dated June 6, 2024). An increase to USD 1,950 price of gold from a USD price of 1,650 utilized in the 2023 Mineral Resource model reflecting the substantial increase in the price of gold occurring over the intervening period. Oxide Cap In addition, this iteration of the mineral resource estimate delineated a significant near surface oxide cap to the resource (Table3).  This could be of major significance in the potential development and economics of a future operation at Fondaway Canyon. Table 3:  Fondaway Canyon Mineral Resource Estimate* by Type Preliminary Economic Assessment The Company has engaged Forte Dynamics, Inc., of Fort Collins, Colorado ("Forte Dynamics") to complete modern metallurgical studies and prepare a preliminary economic assessment ("PEA") on the Fondaway Canyon gold project (Company news release dated June 25, 2024).  With the 2024 MRE complete, Forte Dynamics is in the process of completing a series of modern metallurgical studies that will be incorporated into the Fondaway Canyon PEA with completion scheduled for the Fall. The full documentation for the 2024 Mineral Resource Estimate will be reported within the forthcoming PEA. Michael Dufresne, P.Geol., P.Geo., is independent and the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release. Corporate The Company issued an aggregate of 1,411,250 common share purchase warrants, (the "Warrants") pursuant to a non-brokered private placement of units of the Company that closed on September 28, 2020. The Warrants were issued with an exercise price of $0.60 and an expiry date of September 28, 2022.  On September 16, 2022, the Company extended the expiry date of the Warrants by one year and changed the exercise price from $0.60 to $0.50, and on September 7, 2023, the Company further extended the expiry date of the Warrants to September 28, 2024.  The Company has further extended the expiry date of the Warrants by one year to September 28, 2025. Notes on the Mineral Resource Estimate: The independent and qualified person for the mineral resource estimate, as defined by NI 43-101, is Michael Dufresne, P.Geol., P.Geo., from APEX Geoscience Ltd. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the Mineral Resources discussed herein will be converted into a Mineral Reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources herein were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019). The Mineral Resources Estimate is underpinned by data from 527 reverse circulation and diamond drillholes totalling 55,870m of drilling that intersected the mineralized domains. The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.75 g/t Au for the conceptual underground extraction scenario. The lower cut-off grades and potential mining scenarios were calculated using the following parameters: mining cost = US$2.70/t (open pit); G&A = US$2.00/t; processing cost = US$15.00/t; recoveries = 92%, gold price = US$1,950.00/oz; royalties = 1%; and minimum mining widths = 1.5 metres (underground) in order to meet the requirement that the reported Mineral Resources show "reasonable prospects for eventual economic extraction". Original Au assays were composited to 1.5 m with 12,553 composites generated overall in the mineralized domains including 10,632 composites generated for the Central Zone, 1,267 for the Mid-Realm / South Mouth Zone, and 654 for the Silica Ridge / Hamburger Hill Zone. Grade interpolation was performed by ordinary kriging (OK) using 1.5 metre composites (block size of 3m x 3m x 3m). A density of 2.74 g/cm3 was used for the mineralized zones. The mineral resources estimate is categorized as indicated or inferred and classified based on data density, data quality, confidence in the geological interpretation and confidence in the robustness of the grade interpolation. The indicated category was defined by a search ellipse extending 55m along the major axis, 40m along the minor axis, and 10m vertical. In addition, a minimum of 3 drill holes were required, reporting 9 samples with a maximum of 3 samples per drill hole. The inferred category was defined using a search of up to 120 m and requiring at least 1 sample per drillhole from a minimum of 2 drillholes. High-grade capping supported by statistical analysis was completed on composite data for each zone and was established at 32 g/t Au for the Central Zone, no Au cap for the Mid Realm - South Mouth Zone, and 10.0 g/t Au for the Silica Ridge – Hamburger Hill Zone. The MRE blocks that make up the oxide component of the In Pit resource are within the overall conceptual pit shape defined by the parameters for the unoxidized material. The number of metric tonnes was rounded to the nearest thousand and gold ounces was rounded to the nearest hundred, and any discrepancies in the totals are due to rounding effects. Metal content is presented in troy ounces (tonnes x grade (g/t) / 31.10348). The author is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues or any other relevant issue not reported in the technical report that could materially affect the mineral resource estimate. The effective date of the Mineral Resources Estimate is September 1, 2024, and the effective date for the drill-hole database used to produce this Mineral Resource Estimate is February 7, 2024. The full documentation for the 2024 MRE will be reported within the forthcoming PEA. About Getchell Gold Corp. The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1.   Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and the high-grade Star (Cu-Au-Ag) projects. For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com. Mr.  Mike Sieb, President Office: 1-647-249-4798 Toll Free: 1-877-684-0460 info@getchellgold.com The Canadian Securities Exchange has not reviewed this communication and does not accept responsibility for the adequacy or accuracy of this release.   Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Mineral Resource Estimate and future planned activities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.  The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Copyright (C) 2024 Getchell Gold Corp.. All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Getchell Gold Corp. Suite 488 – 625 Howe Street Vancouver, British Columbia V6C2T6 Canada Office: 1-647-249-4798 Toll Free: 1-877-684-0460 info@getchellgold.com Want to change how you receive these emails? You can update your preferences or unsubscribe

View this email in your browser Getchell Gold Corp. Increases Claim Holdings at the Dixie Comstock Project, Nevada and Announces Resignation of CEO Vancouver, BC – September 8, 2024 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company")is pleased to announce the staking of 16 unpatented mining claims at its Dixie Comstock project bringing the total number of claims to 44, covering 725 acres(293.5 hectares). The Dixie Comstock Mine ("Dixie Comstock" or the "Project") is a past small-scale producer of gold, located in Churchill County, Nevada, 160 kms East of Reno abutting the eastern flank of the Stillwater Range in Dixie Valley.  Dixie Comstock is a low-sulfidation, epithermal gold system localized along a moderately east-dipping range-front normal fault.  Multiple episodes of gold bearing fluids have produced a 100m thick, shallowly dipping to the East, zone of mineralization that exhibits high-grade structurally controlled zones as well as an overall lower grade stockwork forming a rather consistent halo of mineralization. Gold was discovered at Dixie Comstock in 1935 with the majority of the historic development and mining taking place in the intervening years through to 1942 when mining activities were halted by an order issued by the War Production Board requiring all non-essential gold mines to cease production.  Through this period four mining levels, vertical shafts, and 200-foot decline were developed and a flotation circuit mill with a cyanide plant constructed.  Cumulative production was reported as having 17,880 tons of ore mined at a 0.8 ounces per ton ("opt") Au equivalent grade with recoveries of 4,182 ounces of Au and 6,737ounces of Ag.    Sporadic activity occurred between 1952 and 1975 culminating in the select mining and shipping of86 tons of material grading 2.3 opt Au to the ASARCO smelter that produced 172ounces of Au equating to recoveries of 87%. At the end of this period, all production occurred within 100 feet of surface. From 1982 through to1991 various operators completed 64,563 feet of drilling, consisting of 179reverse circulation, core, and rotary drill holes, with an average spacing of50-70 feet.  Drilling has delineated a well mineralized zone trending 300m NNE, approximately 100m thick, that has been traced for 200m down dip (Figure 1). The mineralization remains open down dip to the East (Figure 2). Figure 1: Dixie Comstock gold project claim boundary and drill hole location map showing grade x thickness Figure 2: Dixie Comstock Mine 50m wide section showing lithology, drill hole sample grades, and shallowly dipping gold zone. Following the 1990 drill program, Mine Development Associates Inc. ("MDA") of Reno, Nevada, was retained to review and model the data with the objective of generating a mineral resource estimate and mine model.  In March 1991, MDA produced a technical report titled "Geologic & Mineable Reserve Study on the Dixie Comstock Property, Churchill County, Nevada, USA" (the "1991 MDA Study") in which the following was estimated (Table 2): MDA progressed to estimate a [Historic] mineable resource* (presented in Table 3), open pit mine model (Figure 3), and pit production schedule. * These estimates are considered historical in accordance with NI 43-101.  A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the issuer is not treating the historical estimates as current mineral resources or mineral reserves.  The issuer cautions the reader and directs the reader below to important disclosure regarding the historical estimates. The open pit mine model was designed using a 50° overall slope angle for the main Gabbro host rock unit and a 45° overall slope angle for Hot Springs and the Alluvium.  The pit was designed with 20-foot benches and a catch bench every 40 feet. A cutoff grade of 0.010 opt was used to obtain mineable reserves.  A life-of-mine schedule was generated at a mining rate of 90,000 tons of ore and 285,000 tons of waste per month translating to a mine life of 28 months. Figure 3: Dixie Comstock drill hole location map showing MDA's 1991 open pit mine model One of the primary factors underlining the reason that the commissioning of the Dixie Comstock Mine did not proceed was due to the presence of a Wilderness Survey Area ("WSA") partially overlying the Project, constraining development and negatively impacting the economics.  The WSA has been subsequently released, in Dec. 2022, completely removing the barrier and opening the greater area to mining and development. There has been no attempt to develop the Dixie Comstock Mine since 1991 (over 30 years) and the Project provides an excellent opportunity waiting to be realized. Scott Frostad, P.Geo., is non-independent and the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release. Corporate The Company further announces the resignation of Bill Wagener as CEO and Director of the Company. Bill Wagener has fully dedicated himself, over the last decade, to the operations and success of the Company.  He was instrumental in acquiring the rights to the Company's flagship project, the Fondaway Canyon advanced exploration stage gold project, and stewarding the incredible exploration success and growth of the asset during the latter part of his tenure. Regrettably, due to personal obligations, Bill has determined the need to curtail his full-time responsibilities and is stepping down as CEO and Director of the Company.  Bill will remain involved in the operations of the Company, albeit to a lesser extent, providing his services on a consultancy basis. "Bill is highly respected, and his commitment and devotion have left a palpable impression on the Company and anyone who has had the fortune to do business with him.  I thank him for his years of service and thoroughly appreciate that Bill will remain involved with the Company to provide valuable continuity to the operations and administration." stated Bob Bass, Chairman. "I have been with Getchell Gold Corp. since its inception, and it is with a heavy but necessary heart that I have made this decision to step down as CEO.  I know that the Company has been left in good hands and look forward to what the future holds." stated Bill Wagener     Dixie Comstock Disclosure of Historical Estimates About Getchell Gold Corp. The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1.   Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). For further information please visit the Company's website at www.getchellgold.com or contact the Company atinfo@getchellgold.com. Mr.  Mike Sieb, President Office: 1-647-249-4798 Toll Free: 1-877-684-0460 info@getchellgold.com The Canadian Securities Exchange has not reviewed this communication and does not accept responsibility for the adequacy or accuracy of this release.   Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the timing and execution of exploration or development at the Dixie Comstock Mine.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.  The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Copyright (C) 2024 Getchell Gold Corp.. All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Getchell Gold Corp. Suite 488 – 625 Howe Street Vancouver, British Columbia V6C2T6 Canada Office: 1-647-249-4798 Toll Free: 1-877-684-0460 info@getchellgold.com Want to change how you receive these emails? You can update your preferences or unsubscribe

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