Endurance Extends Eagle Zone by 180 m to Depth Deeper Intersections include 15.68 gpt Gold over 2.8 m & 7.91 gpt Gold over 3.7 m

Rhea-AI Summary

Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) provides an update on the ongoing exploration program at its Reliance Gold Project. Assay results for four deep holes drilled at the Eagle Zone show significant gold mineralization. The company is focused on acquiring, exploring, and developing highly prospective North American mineral properties with the potential to develop world-class deposits.

Positive

• Significant gold mineralization reported in deep holes drilled at the Eagle Zone, demonstrating the strength of the Eagle Zone system.
• Preliminary results indicate the existence of two dominant mineralized structures down-dip of the Eagle Zone, extending the down-dip plunge of Eagle by approximately 180 m.
• Since 2021, the company has completed 70 diamond drill holes on the Reliance Property with 47 of these returning significant intersections of greater than 3 m width with grades exceeding 3.4 gpt gold.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to provide an update on the ongoing exploration program at its Reliance Gold Project (the "Property"). Assay results are reported herein for four of the deepest holes drilled to date in the Eagle Zone. The Property is road accessible and located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

Assay results reported in Table 1 are from the first four Eagle Zone drill holes completed in 2023. Highlight intersections are shown on the longitudinal section on Figure 1. This 2023 Eagle Zone drilling is testing for down-dip extensions of mineralization in the footwall of the Royal Shear fault that is blind to surface. Three of the four drill holes reported herein have intersected significant gold mineralization. Highlights include:

• DDH23-069 drilled at -45 degrees returned four intersections. The most significant intersection was 15.68 gpt gold over 2.8 metres ("m") including 51.9 gpt gold over 0.5 m commencing at 168.6 m downhole depth.
• DDH23-070 drilled at -45 degrees returned six intersections commencing at 194 m downhole depth. The most significant intersection was 7.91 gpt gold over 3.7 m including 11.73 gpt gold over 1.2 m. Mineralization was intersected to a downhole depth of 284 m which is one of the deepest confirmed intersections to date at the Eagle Zone.
• DDH23-067 drilled at -45 degrees returned two intersections of 1.15 gpt gold over 19.8 m and 3.0 gpt gold over 11.2 m, commencing at 126.2 m and 190.7 m downhole, respectively.

Drilling has now been conducted at the Diplomat, Imperial and Eagle Zones with fourteen (14) holes completed in 2023 for over 4,000 m of the ongoing 15,000 m program.

"We are pleased to see the Eagle Zone expand at depth as we continue to probe for blind mineralization in the footwall of the Royal Shear fault. The success of this initial drilling continues to demonstrate the strength of the Eagle Zone system. We look forward to continued expansion with the current planned drill program," stated Robert T. Boyd, CEO of Endurance Gold Corporation.

Recent drilling demonstrates that the Eagle Zone mineralization continues to significant depth, and remains open to extension at depth and along strike. The four reported drillholes successfully intersected Eagle Zone mineralization along a 150 m strike length and extended the down-dip plunge of Eagle by approximately 180 m. Preliminary results from these deeper drillholes indicate that two dominant mineralized structures exist down-dip of the Eagle Zone. Ongoing drilling is testing the importance and continuity of these two structures which appear to be sub-parallel and separated by 60 to 80 m. Drilling also continues to intersect wide zones of quartz veining with mineralized cataclastite breccias along the margins of these veins.

Since 2021, the Company has completed 70 diamond drill holes on the Reliance Property with 47 of these drill holes returning significant intersections of greater than 3 m width with grades exceeding 3.4 gpt gold, and fourteen (14) of these drill holes with excellent intersections as summarized on Table 2.

Forest Fire Update

A forest fire near the Company's crew house near Gun Lake has resulted in the required evacuation of drill crews and other residents from the area on August 1^st. As a result, drilling has been temporarily suspended at the project site, which is not subject to the evacuation order. Core samples have been submitted and assay results are pending. Drilling is expected to resume when the evacuation order is lifted and when it is deemed safe to return to work.

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

ENDURANCE GOLD CORPORATION

Robert T. Boyd, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com

Diamond drill core was logged and evaluated on the Property and samples designated for collection under the supervision of a geologist at the property. Drilling was completed with HQ & NQ size tools capable of collecting 4.76 centimetre diameter core. NQ drill core was cut using a diamond saw with one half of the core sent for analysis and the remaining kept for future studies. All drill core samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 parts per million ("ppm") gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. Endurance Gold monitors QA/QC by inserting blanks, certified standards and pulp duplicates into the sample stream. The work program is supervised by Darren O'Brien, P.Geo., Vice President Exploration for the Company and the qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

Figure 1 - Reliance 2023 Royal Shear Longitudinal

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Table 1 - 2023 Reliance Diamond Drill Hole Results - August 3 2023

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Table 2 - Highlight of the Excellent 2021 to 2023 Diamond Drill Results

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175986

FAQ

What are the recent updates from Endurance Gold Corporation's Reliance Gold Project?

Endurance Gold Corporation has reported significant gold mineralization in deep holes drilled at the Eagle Zone of its Reliance Gold Project. The company is focused on acquiring, exploring, and developing highly prospective North American mineral properties with the potential to develop world-class deposits.

How many diamond drill holes have been completed on the Reliance Property since 2021?

Since 2021, Endurance Gold Corporation has completed 70 diamond drill holes on the Reliance Property, with 47 of these returning significant intersections of greater than 3 m width with grades exceeding 3.4 gpt gold.

What caused the temporary suspension of drilling at the project site?

A forest fire near the Company's crew house near Gun Lake resulted in the required evacuation of drill crews and other residents from the area on August 1st, leading to the temporary suspension of drilling at the project site.