Gander Gold Corp. identified a potential major new gold trend within the Gander Gold Belt starting approximately 12 km east of the GRUB Line and 25 km east of the Appleton trend that hosts the New Found Gold and Labrador Gold high-grade discoveries. Gander Gold, which launched on the CSE in March of this year, has a combined ownership of 63% between Sassy Gold (35.3 million shares, 48.3%) and Eric Sprott (10.6 million shares, 14.6%).

A main northeast-trending strike-slip shear zone extends more than 25 km across Gander North and remains open to the northeast; Numerous north-northeast trending dilational zones also cut across Gander North and could add significant economic potential to the property; In total, these zones already provide greater than 100 linear kilometers of structure which is highly prospective for gold; Abundant geochemical anomalies generated from 8,273 soil and till samples (2021) coincide with results from a recently completed airborne Mag/VLF geophysical survey and a LiDAR survey; 192 soil samples ranged in grade between 25.1 ppb Au and 1,432 ppb Au, considered high for Newfoundland; The best outcropping quartz veins, identified initially with high resolution satellite and aerial photos, occur within the dilational zones and represent immediate targets for ground follow-up. Soil geochemistry sampling performed perpendicular to numerous lineaments at Gander North has revealed multiple gold-in-soil anomalies directly over and within these lineaments. Gander Gold is very encouraged that initial detailed sampling along these lineaments has highlighted areas within a single lineament where continuous gold-in-soil anomalies occur over a significant distance.

These first-pass gold-in-soil anomalies occur at areas interpreted to be of greater structural complexity and are thus viewed to be more favourable to host potential gold deposits. The Viking target has been extended to the southeast with additional sampling. Results up to 370 ppb Au-in-soil indicate a fertile environment for mineralization continuing to the southeast of the original Viking discovery.

The additional soil geochemistry sampling in the Viking target area was designed to cover the known historic Jonathan's Third Pond Copper Occurrence. Prospecting within the Jonathan's Third Pond Copper Occurrence identified a wide zone of silicification 600 m x 500 m containing quartz veining, sericite alteration and up to 5% pyrite and 0.5% chalcopyrite and trace galena. Assay results returned values up to 0.50 g/t Au, 4,670 ppm Pb, and 1,785 ppm Cu, suggesting this area is prospective for base metals in additional to gold.

The Jonathan's Third Pond Copper Occurrence trend aligns with a northeast-trending lineament extending more than 20 km in potential strike across the Gander North Project.