MONETA GOLD developing one of North America’s largest undeveloped gold projects

drilling core samples at its Tower Gold and Windjammer properties. The assay results from the sampling of historically drilled, but never assayed, core from fifty-five (55) drill holes on the Windjammer and 903 deposits at the Tower Gold project, located in the Timmins Gold camp, Ontario.

The Porcupine Gold Rush of 19091911 was the largest gold rush in Canada, far surpassing the fabled Klondike Gold Rush of 1898-1900 both in ounces of gold and life of gold mining. Gold mining is still going strong in Timmins, along the Destor fault of the Abitibi-Greenbelt. But of all the great mining company names associated with the Timmins – Porcupine gold camp only one remains active, determined to rekindle the spirit of its past successes.

Moneta Porcupine Gold was founded in 1910 and continues 113 years later. Long after companies like Hollinger, McIntyre, Dome have passed on to history. Moneta Gold also happens to be one of the longest listed mining companies on the Toronto Stock Exchange.

During an earlier phase in their history the Moneta mine produced 150,000 oz. at 15 grams gold per tonne between 1939 and 1943. The mine shaft had six levels to 1,450 feet, quite deep for a mine at that time.

Today, the company is called Moneta Gold and it made its presence felt during this past PDAC 2023.

“Moneta Gold has one of the largest undeveloped gold projects in North

America,” said Gary O’Connor, the President and CEO of Moneta Gold during PDAC 2023 in an interview with gold specialists Kitco News. “We are located in a great location, a safe jurisdiction and it’s got size”.

During PDAC 2023 New Discoveries session on March 8, 2023, Mary-Anne Hildebrandt, P.Geo geologist for Moneta Gold gave a detailed presentation of the company’s properties located just east of Timmins in an area Moneta calls the Golden Highway.

Moneta updated their mineral resource estimate in 2022 classifying the potential at its properties to 12.8 million oz of gold at a grade of 4.3 indicated. The September 2022, PEA study outlined a combined open pit and underground mining and a 7.0 million tonne per annum conventional leach operation over a 24-year mine life, with 4.6 M oz of recovered gold, generating an after- tax NPV5% of $1,07 billion, IRR of 31.7%, and a 2.6-year payback at a gold price US$1,600/ oz. Tower Gold hosts an estimated gold mineral resource of 4.5 M oz indicated and 8.3 M oz inferred.

In January 2023 Moneta confirmed significant gold mineralization based on analysis from historical

The assay results are from previously unsampled sections of core from fifty-five (55) historical drill holes completed between 1987 and 2021.

The sampling was conducted in addition to 76,000 metres (“m”) of infill and resource upgrade drilling completed on the 4.5 million (“M”) ounces (“oz”) indicated gold (“Au”) and 8.3 M oz inferred Au mineral resource estimate at the Tower Gold project in 2022.

Drilling Highlights:

• 903-13-05 intersected 21.75 m @ 1.23 grams per tonne “g/t” Au, including 4.50 m @ 3.85 g/t Au, including 1.50 m @ 6.20 g/t Au

• GE88-14 intersected 6.00 m @ 1.27 g/t Au, including 2.00 m @ 2.29 g/t Au

• GE88-14 intersected 1.37 m @ 5.20 g/t Au Windjammer

• MWJ12-79 intersected 8.00 m @ 1.00 g/t Au, including 2.00 m @ 3.65 g/t Au

• WJ88-18x intersected 8.00 m @ 0.62 g/t Au, including 1.50 m @2.87 g/t Au

• MI-91-148x intersected 5.50 m @ 0.79 g/t Au, including 2.00 m @ 1.37 g/t Au

These Windjammer and 903 assay results from historical drill core, not previously sampled, confirms the continuity and extensions of the