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USGD.CN ·

Gooseberry Drilling Commences

Exploration Programs

NEWS RELEASE

American Pacific Mining Commences Drilling at Past-Producing Gooseberry

Silver Project in Nevada

Vancouver, British Columbia / November 4, 2021 - American Pacific Mining Corp (CSE: USGD /

OTCQB: USGDF) (“American Pacific” or the “Company”) is pleased to report that it has commenced

drilling at its Gooseberry Silver Project in Nevada. The Company also notes that this historical producer

of high-grade silver and gold ore has not seen any drilling in the last 25 years and is excited about the

potential to revitalize this mine.

The initial 3,500 to 4,000 metre, 15-hole diamond drill program will focus on testing known mineralized

zones, including both lateral and down-dip extensio ns to some of the higher-grade mineralization that

was encountered during mining throughout the 1900’s . Results from this initial drill program are

expected to provide valuable information regarding the east and west lateral extent of the k nown

Gooseberry vein and additionally will assist in guiding future phases of drilling at the project.

“We are pleased to have commenced drilling at our G ooseberry silver project, focusing on areas of

known, very high-grade silver and gold mineralizati on,” stated American Pacific President, Eric

Saderholm. “Based on success from our initial drill holes, we may accelerate the program with a second

drill rig.”

Assay results will be released once received, vetted and interpreted.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the

designated Qualified Persons (QP) under NI 43-101.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western

United States. The Company's flagship asset is the high-grade, past-producing Madison Copper-Gold

project in Montana, under option to joint venture with Kennecott Exploration Company, a division of the

Rio Tinto Group, which the Company acquired in 2020. For this transaction, American Pacific has been

selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that recognizes

exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category in

which American Pacific Mining is competing. The awards program is hosted by S&P Global Platts, the

leading independent provider of information and ben chmark prices for the commodities and energy

markets. Also in the American Pacific's asset portf olio are the Gooseberry Silver-Gold project and the

Tuscarora Gold project: two high-grade, precious me tals projects located in key mining districts of

Nevada, USA. The Company’s mission is to grow by th e drill bit and by acquisition.

On Behalf of the Board of American Pacific Mining Corp.

“Warwick Smith”

CEO & Director

Corporate Office: Suite 910 – 510 Burrard Street Va ncouver, BC, V6C 3A8 Canada

Contact Kristina Pillon, President, High Tide Consu lting Corp., 604.908.1695 /

[email protected]

The CSE has neither approved nor disapproved the co ntents of this news release. Neither the CSE nor

its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility

for the adequacy or accuracy of this release.