Sitka Gold drills 82 m of 0.61 g/t Au at RC

Mr. Cor Coe reports

SITKA DRILLS 82.0 METRES OF 0.61 G/T GOLD AT RC GOLD IN YUKON

Sitka Gold Corp. has released the results for three additional diamond drill holes from the company's 2021 exploration program at the Saddle-Eiger zone on its RC gold project. The results presented herein are for holes DDRCCC-21-013, DDRCCC-21-014 and DDRCCC-21-015, all of which were drilled in the Eiger zone, located at the east end of the 2,000-metre-long Saddle-Eiger target.

Highlights from these drill holes include:

213 metres of 0.45 gram per tonne gold from 113 to 326 metres in hole DDRCCC 21-013 including: 59 metres of 0.62 g/t gold from 267 to 326 metres including:15 metres of 1.25 g/t gold from 299 to 314 metres; 212 metres of 0.41 g/t gold from 265 to 477 metres in hole DDRCCC 21-014 including: 82 metres of 0.61 g/t gold from 273 to 355 metres; 10 metres of 1.15 g/t gold from 154 to 164 metres.

"The results from these holes continue to demonstrate the significant potential of the Eiger zone, and have greatly increased our confidence in the continuity, both laterally and to depth, of higher-density mineralized corridors within this zone," states Cor Coe, chief executive officer of Sitka. "The projection of these structurally controlled higher-grade corridors toward the Saddle zone, 2,000 metres to the west where we intersected 318 metres of 0.45 g/t gold earlier this year in hole DDRCCC-21-007, including 32 metres of 1.23 g/t gold (see news release dated Aug. 19, 2021), has us very excited about the potential size of this deposit."

DDRCCC 21-013 was a 90 m stepback hole from DDRCCC-21-012 and collared in sediments before intersecting the Eiger stock at 82.9 m down hole and remaining in diorite and later intrusive dikes until the end of the hole at 476 m. The average grade of the intrusive units from 82.8 m to end of hole at 476 m is 0.32 g/t gold over 393.2 metres. Gold mineralization is best developed within the intrusive units and primarily associated with quartz veining associated with increased amounts of arsenopyrite and bismuthinite. The highest-grade composite interval of 15 m grading 1.25 g/t Au between 299 m and 314 m is centred over a 4.6 m intersection of feldspar porphyritic dike which correlates approximately 120 m down dip of a seven m interval grading 1.20 g/t gold from hole DDRCCC-21-012 (see news release dated Sept. 22, 2021).

DDRCCC 21-014 was drilled as a stepback from hole DDRCCC-21-009 (see news release dated August 19, 2021) to intersect mineralization approximately 100 m below that hole.This hole collared in sedimentary rocks and intersected the Eiger diorite stock at 270.9 m downhole to the end of hole at 490.3 m.Significant mineralization associated with increased densities of quartz veining was encountered within the sediments adjacent to the contact with the Eiger stock, and throughout the Eiger stock itself.

DDRCCC 21-015 was collared to the east and at the southern extent of drilling at the Eiger zone. The hole collared in and remained in sediments to 293.35 m down hole before crossing into Eiger stock diorite.