Getchell Gold Corp. announced that the Company has received sufficient funds through its ongoing debenture financing (the "Debenture Financing") to execute on the final USD 1.6 million earn-in option payment to acquire a 100% interest in the Fondaway Canyon and Dixie Comstock gold properties located in Nevada. The Debenture Financing, as announced on Nov.

27, 2023, remains ongoing and open for subscription to maximum proceeds of CAD 5 million. Proceeds received in excess of USD 1.6 million will be used to conduct further exploration work on the Fondaway Canyon gold project and for general working capital. Under the terms of the option agreement with Canagold Resources Ltd. executed on January 3, 2020, the Company has the option to acquire 100% of the Fondaway Canyon andDixie Comstock, properties by paying Canagold a total of USD 2 million in cash and USD 2 million in the Company's shares staged over 4 years.

The Company also has work commitments totaling USD 1.45 million over the four years which have been fully satisfied. In the preceding three anniversary payments, the Company has paid a total of USD 400,000 in cash and USD 1 million in the Company's shares with the outstanding balance, required to complete the acquisition, of USD 1.6 million in cash and USD 1 million in the Company's shares due on or before the fourth anniversary date. The Company is preparing the final cash payment and share issuance to be fulfilled prior to year-end.