Avidian Stakes Prospective Ground Adjacent to the Golden Zone Project, Alaska

1

Avidian Stakes Prospective Ground Adjacent to the Golden

Zone Project, Alaska

Toronto, Ontario – March 7, 2022: Avidian Gold Corp., (“Avidian” or the “Company”) (TSX-

V: AVG & OTCQB: AVGDF ) is pleased to announce that it has staked an additional 1, 683.5

hectares (16.835 sq km) of ground immediately to the south and southwest of its Golden Zone

property to increase its district-scale land holdings to 141.1 sq km (see Figure 1). The Golden Zone

property is strategically located midway between Anchorage and Fairbanks and only 10 km west

of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska power lines.

This ground was staked as a tie-on to the trending extension of the Southwest Prospects and to fill

in the gap between the Golden Zone property and that of Discovery Africa Limited ("DAF")

(Figure 2). The exploration work completed by DAF on their ground has uncovered several high-

grade gold, copper, and silver samples on their Partin Creek prospect up to 73.9 g/t Au, 21.1% Cu,

and 1,500 g/t Ag (see DAF press release dated November 3, 2021) along the same mineralized

trend found on the Golden Zone property that now can be traced for approximately 30 km between

the two properties.

Avidian’s Southwest Prospects collectively consist of at least 5 large gossanous gold -bearing

zones (JJ, J4, CC, MJ, and Silver Kitty), all within the same stratigraphic sedimentary rock package

defined along a NE -SW direction over a strike length of +4.5 km in the southwestern portion of

the 19 km mineralized trend that extends across the entire Golden Zone property (Figures 1 & 3).

Each of the prospects has only been sparsely sampled due to challenging topography and has yet

to be fully assessed or sampled in-between each of the currently known prospect areas. The newly

staked ground has also yet to be explored.

Avidian President & CEO Steve Roebuck states : “We staked this additional ground as the

significant gold discoveries at the Southwest Prospect area trended to the southwest into

unexplored open ground and ties on to our neighbors to the south that have found gold, copper

plus silver mineralization along the same Golden Zone mineralized trend . The Southwest

Prospects consist of 5 large gold mineralized gossanous areas and contain all the geological

ingredients required to host a large-scale gold deposit typical of the Tintina Gold Belt. Avidian is

amongst the first explorers in this area and we believe that we are onto a very large system that

was not previously known or recognized on the property. We are very encouraged by the results

so far given the very limited time spent in the field at each of these prospects . We are currently

preparing for the 2022 season and refining our plans an d budget required to follow up and

2

determine the extent of the Southwest Prospects as well as the other targets we have on the

property .”

Highlights from the individual prospects with images are outlined below.

• At the JJ prospect, highlight samples in gossan zones ranged from 2.08 g/t Au to 6.14 g/t

Au and samples from interbedded siltstone sediments ranged from 0.098 g/t Au to 0.965

g/t Au. Additional grab samples from the 2021 program returned 0.82 g/t Au and 1.6 g/t

Ag and have now defined a mineralized gossan over an area of 400 m x 150 m x 100 m

and open in all directions (see Photo 1).

Photo 1: JJ Prospect

• The JJ prospect appears to continue to the southwest of the J4 prospect (approximately 200

m to the SW). The J4 prospect has been intermittently sampled (due to exposure issues as

many of the gossanous veins are covered by colluvium or talus or trend into difficult to

access areas) across an approximate stratigraphic thickness of 120 m; the best result was

4.0 m of 0.44 g/t Au. The 2021 prospecting/sampling program extended the mineralization

3

at the J4 Zone by another 150 –180 m south. The area between the JJ and J4 prospects

remains open (see Figure 3 & 4).

• The JJ -J4 prospect area now extends over a combined strike length of >650 m and is

approximately 120 m wide and 300 m in height to the valley floor (see Figure 4).

• A new zone of gold mineralization c alled CC was discovered approximately 750 m

southeast of the JJ discovery area (see Figures 3 & 4) with values up to 0.43 g/t Au and

1.2 g/t Ag from float samples collected in steep terrain at the base of a talus slope located

directly below the source outcrop. This new mineralized area has yet to be fully sampled.

• The MJ prospect located approximately 2 ,750 m to the southwest of the J4 prospect

returned highlight results of 0.83 g/t Au, 5.17 g/t Au and 4.2 g/t Au plus 2.77% Cu from

a sulfide-rich gossan zone 800 m x 300 m x 100 m and open along strike in both directions

(see Photo 2).

Photo 2: MJ Prospect

4

• Prospecting at the Silver Kitty area (approximately 850 m to the southwest of MJ) yielded

an assay result of 12.35 g/t Au and additional sampling during 2021 returned grab samples

up to 2.42 g/t Au and 8.6 g/t Ag (see Photo 3) The Silver Kitty prospect to date has been

outlined over a 500 m wide by 300 m high gossanous slope that trends northwest-southeast

and is perpendicular to the MJ prospect. Approximately 5 km to the south is the Cohio

prospect (see Figure 1) where historical grab sample grades of 111.0 g/t Au, 15.0 g/t Au

and 9.7 g/t Au have been reported.

It should be noted that, due to their selective nature, assay results from grab samples may not be

representative of the overall grade and extent of mineralization on the subject area.

5

Photo 3: Silver Kitty Prospect

Background Information on the Golden Zone Property

The property lies within the prolific gold endowed Tintina Gold Belt with mineralization styles on

the property directly associated with Intrusive Related Gold System ("IRGS”) deposits with

numerous polymetallic, gold -dominated showings contained within three fault-bounded belts or

corridors. All the known mineralization is spatially associated with Cretaceous age intrusive rocks,

analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt.

The mineralized occurrences on the project extend for well over 19 km of strike length. There are

several regional-scale exploration targets in the central and southern portions of the property for

gold-copper mineralization.

The property also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes

at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au)

within the Breccia Pipe Deposit. This resource is exposed on the surface and was pit constrained

for an open-pit mining scenario. The Technical Report was filed on November 17, 2017, and was

authored by Leon McGarry, B.Sc., P.Geo. and Ian D. Trinder, M.Sc., P.Geo.

Quality Control/Quality Assurance

6

Sampling included insertion of certified standards and blanks into th e stream of samples for

chemical analysis. Every twentieth sample was a standard or a blank. Due to the global sample

preparation and assay backlog, samples were prepared at ALS Global’s laboratory in either

Fairbanks, Alaska; Hermosillo, Mexico; or Thunde r Bay, Ontario, Canada and shipped to their

Vancouver facility for gold analysis by fire assay and other elements by ICP analysis. ALS is a

certified and accredited laboratory service. Gold values for the entire 2021 sampling program

varied from below det ection to a high of 15.60 g/t Au and silver values ranged from below

detection to a high of 20.15 g/t Ag.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers together with a focus on

advanced-stage gold exploration projects in Alaska. Additional projects include the Amanita and

the Amanita NE gold properties which are both adjacent to Kinross Gold’s Fort Knox gold mine

in Alaska, and the Jungo gold-copper property in Nevada.

Avidian is a major s hareholder in High Tide Resources (CSE: HTRC) which is focused on, and

committed to, the development of advanced-stage mineral projects in Canada using industry best

practices combined with a strong social license from local communities. High Tide is earning a

100% interest in the Labrador West Iron project located adjacent to IOC/Rio Tinto’s 23 mtpy Carol

Lake Mine in Labrador City, Labrador and owns a 100% interest in the Lac Pegma copper-nickel-

cobalt deposit located 50 km southeast of Fermont, Quebec.

Further details on the Company and the individual projects, including the NI 43 -101 Technical

reports on the Golden Zone property can be found on the Company’s website at

www.avidiangold.com.

Qualified Person

The technical information contained in this news release has been approved by Steve Roebuck,

P.Geo., President and CEO of Avidian, who is a Qualified Person as defined in "National

Instrument 43-101, Standards of Disclosure for Mineral Projects."

For further information, please contact:

Steve Roebuck

President & CEO, Director

Mobile: (905) 741-5458

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking information

This News Release includes certain "forward-looking statements" which are not comprised of historical facts including statements

regarding the use of proceeds. Forward-looking statements include estimates and statements that describe the Company’s future

7

plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to

occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”,

“could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and

conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on

information currently available to the Company, the Company provides no assurance that actual results will meet management’s

expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results,

performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking

information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or

future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine

development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause

actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate

and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of

COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance

and local and international travel, failure to receive requisite approvals in respect of the foregoing, failure to identify mineral

resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which

recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain

required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First

Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future,

changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of

projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration

and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company

believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable,

undue reliance should not be placed on such information, which only applies as of the date of this news release, and no

assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or

obligation to update or revise any forward-looking information, whether as a result of new information, future events or

otherwise, other than as required by law.

8

Figure 1. Golden Zone Property Map