Royal Fox Gold Inc. report further assay results for the southern portion of the Arctic Fox zone from its 2022 campaign on the Philibert gold deposit, 60 kilometres southwest Chibougamau, Quebec. Royal Fox is reporting the complete results for ten drill holes which tested the southern footwall of the Arctic Fox Zone over a 200-metre strike length and up to 330 metres vertical depth (Table 1 and Figures 1 to 2). Most holes reported were drilled near surface with one-hole PB-22-349 collaring into mineralization, which returned 2.75 g/t Au over 16.0 metres from 9.3 to 25.3 metres.

Hole PB-22-346 is the most western hole reported today, located at the edge of Arctic Fox and Red Fox, which returned 1.22 g/t Au over 18.0 metres from 34.5 to 52.5 metres, including 2.26 g/t Au over 5.0 metres from 36.0 to 41.0 metres. True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 60% to 70% of reported core lengths. All NQ-size split core assays reported for 2021 were obtained by fire assay with atomic absorption finish and samples returning values over 5 ppm Au are re-analyzed, utilizing standard Fire Assay-Gravimetric methods.

Samples were shipped to AGAT Laboratories with sample preparation done in Val-d'Or, QC and sample analysis done in Mississauga, ON. For the 2022 program all samples are being analyzed by fire assay with atomic absorption finish and samples returning values over 10 ppm Au are re-analyzed, utilizing standard Fire Assay-Gravimetric methods. The quality assurance and quality control protocol include insertion of blank and standard every 25 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples inserted by AGAT Laboratories during the analytical process.