SASSY GOLD CORP - SSYRF STOCK NEWS

Sassy Resources Corporation has updated shareholders on a series of strategic transactions. The company acquired 5,273 mining claims in Newfoundland, paying 4,260,000 shares and $500,000 in cash. Subsequently, Sassy sold these claims to Galloper Gold Corp. for 8 million shares and $700,000 in cash. Sassy now holds significant stakes in Galloper Gold and Gander Gold while focusing on its Foremore Project in British Columbia, with a new drill program planned to explore potential high-grade gold deposits.

Sassy Resources Corporation has announced that its spinout, Gander Gold Corporation, has received approval for listing from the British Columbia Securities Commission and the Canadian Securities Exchange. Trading is set to commence on March 8, 2022, under the ticker symbol GAND. Gander Gold holds eight gold-focused projects in Newfoundland, covering 2,257 sq. km. Sassy Resources will distribute approximately 8.8 million Gander Shares to its shareholders, and Gander Gold will start with a strong cash position and no debt.

Sassy Resources Corporation (CSE:SASY, OTCQB:SSYRF) has announced significant advancements in its Westmore high-grade gold-silver discovery at the 100%-owned Foremore Project in British Columbia. Recent drilling revealed high-grade mineralization with notable results such as 55.2 g/t Au over 0.8 m and 86.4 g/t Au over 0.7 m in drill holes WM21-014 and WM21-015, respectively. The 4Amigos Vein is confirmed to extend to depth and along strike, with drilling indicating a robust gold-silver system. In total, 18 drill holes confirm a substantial surface footprint, suggesting further exploration potential.

Sassy Resources Corporation has initiated diamond drilling at its Highrock Uranium Project in Saskatchewan's Athabasca Basin, following an option agreement with Forum Energy Metals. This project is strategically located near the Key Lake mine, which has produced over 200 million pounds of uranium. The drilling will explore mineralization similar to that of NexGen's Arrow deposit. Initial drilling targets are identified based on prior gravity surveys and historical drill results indicating elevated uranium and other indicator elements.

Sassy Resources Corporation has finalized a definitive option agreement for the Highrock Uranium Project in Saskatchewan, with drilling expected to commence this month. Under the terms, Sassy will earn a 100% interest in the project over four years through cash payments totaling $350,000, issuance of 3,750,000 shares, and exploration funding up to $3,500,000. The exploration program is already underway with a fully funded budget of $1,000,000 for 2022. This strategic acquisition aims to leverage potential discoveries in the uranium market.

Sassy Resources Corporation (OTCQB:SSYRF) has received drill permits for its Highrock Uranium Project in Saskatchewan, which is expected to commence drilling in February with a planned 3,000-meter diamond drill program. The project is strategically located near the historic Key Lake mine, which produced over 200 million pounds of uranium. Sassy is set to acquire up to 100% of Highrock over four years. Exploration aims to identify key areas of interest following earlier findings by Forum Energy Metals.

Sassy Resources Corporation has announced the discovery of extensive gold and copper anomalies at the new Golden Horseshoe target within its Mt. Peyton Project in Newfoundland. This area, not previously drilled, presents potential for high-grade gold deposits over a strike length of at least 20 km. Soil sampling revealed gold concentrations as high as 186 ppb and copper at 87 ppm, with extensive geological mapping and further sampling planned. The project is strategically located near significant gold discoveries in the Central Newfoundland Gold Belt.

Sassy Resources Corporation has signed a binding Letter of Intent to acquire up to 100% of the drill-ready Highrock Uranium Project from Forum Energy Metals Corp. The project is located near Cameco's former Key Lake mine, a historic uranium production site. The acquisition will enhance Sassy's exploration portfolio in key mining districts, positioning the company to benefit from increasing global nuclear demand. Sassy's financial commitment includes a total of $350,000 in cash, 3,750,000 shares, and $3,500,000 in exploration funding over four years.

Sassy Resources Corporation (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) has filed a preliminary non-offering prospectus for its subsidiary Gander Gold Corporation with the British Columbia Securities Commission on December 2, 2021. This prospectus will allow the conversion of 100% of Special Warrants into common shares, enabling a capital distribution of 8,833,333 Gander Gold shares to Sassy shareholders at a ratio of one Gander share for every 5.3816 Sassy shares owned by February 1, 2022. Gander Gold has appointed its management team to lead its operations in Newfoundland, focusing on eight exploration projects.