SASSY GOLD CORP - SSYRF STOCK NEWS

Sassy Resources Corporation has announced a spinout dividend distribution of 8,833,333 common shares of its subsidiary, Gander Gold Corporation, to Sassy shareholders. This distribution is intended to settle all debts between Sassy and Gander related to the Newfoundland exploration properties acquisition. Shareholders will receive one Gander share for every 5.3816 Sassy shares owned as of February 1, 2022. After the spinout, Sassy will retain approximately 49.5% ownership of Gander. The Gander listing application on a Canadian stock exchange is also in progress.

Sassy Resources Corporation (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) has reported ongoing exploration activities in Northwest B.C.'s Eskay Camp and Central Newfoundland. At the Foremore Gold-Silver Project, diamond drilling is focused on mineralized quartz veins, while a comprehensive airborne VTEM™ survey is underway. In Newfoundland, a large-scale exploration program has yielded 12,000 soil and till samples, with further assays pending. A private placement raised $272,500 for Gander Gold Corporation, supporting plans for a listing on a Canadian exchange. Overall, Sassy aims to enhance shareholder value through its strategic initiatives.

Sassy Resources Corporation (OTCQB:SSYRF) has initiated diamond drilling at the Westmore Discovery Zone in the Foremore Property, located in Northwest B.C.'s Eskay Camp. The drilling will focus on veins with widths up to five meters and larger vein swarms, indicating potential for significant expansion. Ground activities are also underway to examine multiple VTEM™ and magnetic anomalies identified in a recent survey. CEO Mark Scott expressed confidence in generating new drilling targets based on the promising preliminary data.

Sassy Resources Corporation (CSE:SASY)(OTCQB:SSYRF) has mobilized drilling crews to commence exploration at the Westmore gold-silver discovery in Northwest BC. Previous drilling confirmed mineralization extends at least 200 meters deep. The company plans to conduct phase 1 drilling focused on areas with high-grade samples averaging 74.7 g/t Au and 574.7 g/t Ag. Additionally, a VTEM survey has been completed, aiding in identifying new targets. Sassy has launched a new corporate website to provide updates, and all information has been reviewed by a qualified expert.

Sassy Resources Corporation has announced significant findings from a geochronology study by Dr. Kevin Chamberlain, which places the mineralizing event at the Westmore target in alignment with major geological formations in the Eskay Camp. Highlights include:

• Interpreted age of Westmore granodiorite at 189.6 Ma, linked to Early Jurassic epithermal gold events.
• Discovery of gold-bearing quartz veins indicating potential for further exploration.
• Insights into separate mineralizing events enhancing understanding of the Foremore Project.

CEO Mark Scott emphasized the busy summer ahead, focusing on exploration activities.

Sassy Resources Corporation (CSE:SASY)(OTCQB:SSYRF)(FSE:4E7) has completed a definitive agreement to option its Nicobat Property in Northwest Ontario to MAX Power Mining Corporation. Sassy will become the largest shareholder of MAX Power, which must invest $1 million in exploration over four years and issue 5 million shares to Sassy upon public listing. Sassy retains a 1% NSR on Nicobat and can appoint a director to MAX Power's board. The agreement aligns with Sassy's strategy to focus on its Eskay Camp and Newfoundland projects, with exploration efforts already underway.

Sassy Resources Corporation has announced that investor Eric Sprott is increasing his stake in Gander Gold Corporation to 17.35% by purchasing $1.6 million worth of special warrants in a new private placement. This move, anticipated to close in early June 2021, will aid in expanding Gander Gold’s projects in Newfoundland. Sassy President Mark Scott highlighted the significance of this investment, which raises Gander Gold's total funding to $5 million to date, and emphasizes plans for going public on a Canadian exchange.

Sassy Resources Corporation (CSE:SASY, OTCQB:SSYRF) announced the appointment of Terence F. Coughlan, P.Geo, to its Board of Directors. Coughlan, a veteran in mineral exploration with nearly 40 years of experience, is the founding CEO of GoGold Resources and has a history of successful mine development. He aims to leverage his expertise to strengthen Sassy's position, particularly in Newfoundland and Northwest B.C.'s Eskay Camp. His addition comes as the company continues to advance its exploration projects, while Robert Stewart resigns as an independent director.

Sassy Resources Corporation has successfully closed a non-brokered private placement, raising $2,271,250 through the issuance of 45,425,000 special warrants at $0.05 each. This financing includes a strategic investment from Mr. Eric Sprott, enhancing Sassy's stake in its subsidiary, Gander Gold Corporation. The funds will facilitate an expanded exploration program in the Central Newfoundland Gold Belt, comprising 2,257 square kilometers. The company aims for a public listing of Gander Gold in the latter half of the year.