SITKA GOLD CORP - SITKF STOCK NEWS

Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has announced significant drill results from its RC Gold Project in Yukon. Hole DDRCCC-24-068 returned 678.1 metres of 1.04 g/t gold from surface, including 409.5 metres of 1.36 g/t gold and 93.0 metres of 2.57 g/t gold. This hole extended gold mineralization approximately 200 metres below previous drilling at the Blackjack Zone, with grades increasing at depth.

Key highlights include:

• Hole 68: 678.1m @ 1.04 g/t Au from surface, including 93.0m @ 2.57 g/t Au and 5.5m @ 17.59 g/t Au
• Hole 67: 99.2m @ 1.01 g/t Au, including 2.5m @ 18.39 g/t Au

The results demonstrate the potential for higher-grade mineralization to continue deeper in the system. Sitka is awaiting results from six additional drill holes, including the first holes drilled at the Rhosgobel intrusion, located 5 km south of Blackjack.

Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has reported multiple instances of visible gold in the first two diamond drill holes at the Rhosgobel reduced intrusion-related gold deposit target, located 5 km south of the Blackjack gold deposit at its RC Gold Project in Yukon. The 2024 drilling suggests gold mineralization extends at least 250 metres beyond previous drilling depth. Key highlights include:

- 11 instances of visible gold observed in hole DDRCRG-24-002
- Gold mineralization appears to continue from surface to at least 320 metres depth
- Large zones of reduced intrusion-related sheeted veins and breccias intersected
- Assay results pending for both drill holes

The Rhosgobel intrusion is part of the Clear Creek Intrusive Complex, which has potential to host several gold deposits. The drilling results are seen as encouraging, suggesting Rhosgobel could host another significant intrusion-related gold deposit within the complex.

Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has announced significant findings from its ongoing diamond drilling program at the RC Gold Project in Yukon, Canada. The company's deepest hole to date, DDRCCC-24-068, intercepted multiple occurrences of visible gold from surface to 680 metres, extending 200 metres beyond previous drilling limits. This hole, along with five others, was designed to expand the Blackjack Deposit southward and at depth.

Key highlights include:

• Over 40 instances of visible gold observed in Hole 68
• Mineralization remains open in all directions and appears to strengthen to the south and at depth
• Drilling continues to encounter robust mineralization along the Blackjack Mineralized Corridor
• The abundance of visible gold at depth suggests proximity to the source of a large gold system

Sitka Gold Corp. (TSXV: SIG) (OTCQB: SITKF) has announced impressive drill results from its RC Gold Project in Yukon. Key highlights include:

- DDRCCC-24-062: 290.5 m of 1.10 g/t gold, including 105.0 m of 1.68 g/t gold
- DDRCCC-24-061: 206.0 m of 0.64 g/t gold, including 27.0 m of 1.01 g/t gold
- Continued expansion of mineralization south of the Blackjack deposit
- Multiple occurrences of visible gold in DDRCCC-24-067

The company has completed 10 diamond drill holes totaling approximately 5,050 metres of a planned 15,000 metre program for 2024. Two diamond drills are currently active, one continuing the Blackjack Resource expansion and another at the Rhosgobel Intrusion target on newly acquired property.

Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) has announced a non-brokered private placement to raise up to $3 million. The offering includes two types of units: Flow-Through Units (FT Units) at $0.22 each and Charity Flow-Through Units (Charity FT Units) at $0.25 each. Both unit types consist of one flow-through share and half a warrant. Each full warrant allows the purchase of one non-flow-through common share at $0.38 within 24 months of closing.

The funds raised will be used for exploration and development of Sitka's RC Gold Project in Yukon and Coppermine River project in Nunavut. The offering is subject to regulatory approval, including TSX Venture Exchange approval, and securities will have a four-month hold period.

Sitka Gold Corp. (TSXV: SIG) (OTCQB: SITKF) reports strong mineralization and visible gold in recent drilling at its RC Gold Project in Yukon, Canada. Key highlights include:

- Multiple occurrences of visible gold observed in drill holes DDRCCC-24-061 and DDRCCC-24-062

- Abundant sheeted quartz veining in both intrusive and metasedimentary rocks

- Second drill rig mobilized to site

- Six drill holes totaling 2,636 meters completed to date

- Drilling continues to expand the Blackjack gold deposit and explore other high-priority targets

The company believes these results highlight the robust nature of the gold system and its potential to add significant tonnage to the Blackjack deposit.

Sitka Gold has initiated its 2024 exploration at the newly acquired Clear Creek property in Yukon, incorporating diamond drilling and additional geochemical surveys, geological mapping, and data integration. The first diamond drilling in Rhosgobel Intrusion since 1995 aims to extend findings from historical drilling. Soil sampling and geological mapping are underway to explore high-potential zones south of the Blackjack deposit and the newly acquired Clear Creek claims. Previous exploration data indicates multiple gold targets with promising results, setting the stage for potentially significant discoveries.

Sitka Gold has acquired Victoria Gold's Clear Creek property, enhancing its RC Gold Project in Yukon.

This acquisition consolidates the entire Clear Creek Intrusive Complex, adding four high-priority gold targets with historical drill results up to 20.46 g/t Au over 10.7 meters.

Victoria Gold becomes a significant shareholder with an 8% interest.

The RC Gold Project, known for its Blackjack and Eiger deposits, now spans a mineralized corridor over 10 kilometers.

Sitka will manage the Clear Creek Property, with deferred payments totaling $11 million due by 2027.

The deal includes a 5% net smelter return royalty for Victoria Gold, plus potential $10 million payments based on gold reserve delineations.

Sitka Gold Corp. has resumed its 15,000-metre drilling program at its RC Gold Project in Yukon. The winter portion yielded promising results, with visible gold in both drilled holes. Hole 57 returned 191m grading 1.16 g/t gold, including 11m of 5.80 g/t gold. Hole 58 returned 154m grading 1.47 g/t gold, including 37m of 3.07 g/t gold. Current drilling aims to expand the Blackjack deposit. The company also plans to investigate other high-priority targets within its 386 sq km property, including the Saddle East zone and the Eiger Deposit, which has 440,000 oz of inferred gold. The area has several potential high-grade gold targets yet to be drilled.