IRVING RES INC ORD - IRVRF STOCK NEWS

Irving Resources Inc. (CSE:IRV; OTCQX:IRVRF) has reported high-grade vein intercepts at the Omui Mine Site in Hokkaido, Japan, confirming a significant lower mineralized system. Notable findings include:

• 21OMI-001: 10.41gpt Au and 13.48gpt Ag over 3.80m
• 21OMI-002: 15.92gpt Au and 25.50gpt Ag over 3.95m

The weighted average grade is 7.61gpt Au and 11.07gpt Ag over 7.7m. A new drilling campaign has started with plans to explore deeper systems. The results suggest potential for substantial precious metal deposits.

Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announced the granting of 1,745,000 incentive stock options to its directors, officers, employees, and consultants. These options have an exercise price of $1.09 per share and a term of three years, with one-third vesting every six months. The company focuses on gold exploration in Japan and has a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), which aims to discover economic deposits of metals in Japan.

Irving Resources announced plans to advance its Yamagano and Satsuma Au-Ag vein projects in Kagoshima, Japan, under the Newmont Alliance. The company has established a local operational base and welcomed new Mine Manager Masafumi Torimaru, previously with Kasuga Mines Co., Ltd. Recent positive stream sediment analyses led to an expansion of land holdings to 11,333 hectares. The company is preparing for upcoming geologic mapping, gravity surveys, and drilling activities targeted for early 2022, focusing on high-grade vein mineralization potential.

Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announced the discovery of a new hot spring system beneath the Omui Mine Site, indicating potential deeper mineralization associated with precious metals. The second diamond drill hole, 21OMI-002, showed a significant 100 m intercept of sinter beds approximately 200 meters deep. Additionally, drilling at the Hokuryu site encountered a notable vein, with results pending. Follow-up drilling is planned for February 2022, building excitement around the exploration potential of the Omu Au-Ag Vein Project in Japan.

Irving Resources has commenced its maiden drill program at the Hokuryu site in Japan, part of its Omu Au-Ag Vein Project. The drilling, contracted with Sumiko Resources Exploration, aims to test four holes in unexplored areas of the Hokuryu vein system, which were historically mined until 1943. A recent geophysical program indicated a significant corridor of resistive rock extending beyond previous mining areas. If drilling is incomplete in 2021 due to weather, it will resume in spring 2022.

Irving Resources Inc. held its Annual General Meeting on August 25, 2021, in Vancouver. The meeting resulted in the re-election of all incumbent directors: Akiko Levinson, Quinton Hennigh, Kevin Box, Douglas Buchanan, and Haruo Harada. Additionally, Davidson & Company was re-appointed as the Company's auditors for the upcoming year. Irving focuses on gold exploration in Japan and has a Joint Exploration Agreement with JOGMEC, a government organization aimed at resource stability in Japan.

Irving Resources Inc. (CSE:IRV; OTCQX:IRVRF) announced plans for diamond drilling at the Omui Mine Site and Hokuryu during Q3-Q4 2021. The initial drill permit for Hokuryu has been secured from METI. The drilling campaign aims to target high-grade veins at the Honpi and Nanko areas, with notable previous intercepts like 3.00 m grading 27.0 gpt Au and 40.5 gpt Ag. The maiden drill at Hokuryu will assess a newly identified vein system. The results from the Omu Sinter drill program were mostly low grade but suggest a structurally significant feeder may be present. Review and additional data acquisition are planned.

Irving Resources provides an update on its exploration activities at the Omu epithermal gold-silver vein project in Hokkaido and its Newmont alliance projects in Japan. Since March 2021, the company has completed three diamond drill holes at Omu, with a fourth in progress, showing significant hydrothermal alteration. The mineralized system at Omu currently extends 1.2 km. Upcoming drilling at the Hokuryu vein target is planned, pending drill permits. Additionally, extensive sampling on the Noto Peninsula and a gravity survey at the Yamagano project have been completed, aiding future exploration.

Irving Resources Inc. (CSE:IRV) has successfully closed a private placement with Newmont Corporation, raising gross proceeds of US$6,000,000 (C$7,544,400) through the issuance of 3,575,545 common shares. Proceeds will be used primarily for exploration at the Omu project in Hokkaido, Japan (US$5,400,000), with US$600,000 allocated to a strategic alliance with Newmont's affiliate for mineral exploration opportunities in Japan. The shares are subject to a hold period in Canada until August 13, 2021.