Finlay Minerals Ltd. announced that ATAC Resources Ltd. (ATAC), the optionor of the PIL Property, has announced results of their Phase 1 surface exploration work on the PIL Property, located in the heart of British Columbia's Toodoggone district. This work program included prospecting, mapping, and Induced Polarization ("IP") geophysical surveys. Phase 2 work was recently completed, including follow-up prospecting, mapping, and re-sampling of historical core, with results pending.

ATAC's news release dated October 12, 2022. Exploration Highlights: Prospecting returned high-grade samples, including 78.3 g/t gold with 2,830 g/t silver at the Atlas target and 18.4% copper with 111 g/t silver at the Spruce target; Sampling at the PIL South target returned strong mineralization in outcrop, including 3.9% copper and 601 ppm molybdenum in a large underexplored 2.3 x 1.5 km copper-gold ± silver-lead-zinc soil anomaly; Geophysical surveys identified a strong chargeability response underlying the PIL South target area within propylitically-altered volcanic rocks, and Crews have recently completed a Phase 2 program, including additional prospecting at PIL South and Atlas, and re-sampling of historic Atlas core.