Spanish Mountain Gold Ltd. reported successful mobilization of contractors and employees for the fall field program for the Spanish Mountain Gold Project (the "Project") located British Columbia, Canada. The work programs underway build on the successful completion of the Project's Pre-feasibility study (PFS filed in June 2021) in which a multi- million ounce Mineral Reserve has been delineated along with robust economics and a 14-year mine plan. Following the completion of the PFS, the Company's technical team has continued to advance the metallurgical test work with Ausenco Engineering to further improve the gold recovery process and to develop detailed parameters for the flowsheet.

The exercise thus far has successfully assessed the metallurgical performance of samples using conventional gravity, flotation, and leaching processes. The field program underway will extract samples from five drill holes within the defined pit in order to complete variability sample testing and confirm the metallurgical performance with the optimized flowsheet. The samples will be shipped to BaseMet Laboratories (Kamloops, BC) for analyses which include concentrate generation for downstream testing such as oxygen uptake tests, dynamic settling tests, cyanide detoxification and carbon adsorption tests.

Once the current metallurgical program is complete, the optimized flowsheet and the detailed processing configuration will form the basis for ore processing and the recovery of gold in the definitive feasibility study.