GLAD.V · 2024-11-18 12:00:00

Gladiator Intersects 14m @ 7.67% Within 98m @ 1.49% Cu Down Dip from 26m @ 3.31% Cu at Cowley Park

Drill Results

Gladiator Intersects 14m @ 7.67% Within 98m

@ 1.49% Cu Down Dip from 26m @ 3.31% Cu at

Cowley Park

Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) -

Gladiator Metals Corp

(TSXV:

GLAD) (OTCQB: GDTRF) (FSE: ZX7)

("Gladiator" or the "Company") is pleased to announce further

results from its recent Cowley Park drill program targeting the framework for resource definition and

exploration upside. Drill hole CPG-047, the final hole completed on Line 3 targeting down dip extensions

to high-grade copper skarn mineralization intersected significant mineralization that remains open at

depth.

Significant Intercept from CPG-047:

98m @ 1.49% Cu

from 103m (0.04 g/t Au, 3.68 g/t Ag & 187 ppm Mo) including

20m @ 5.53%

from 145m (0.07 g/t Au, 11.47 g/t Ag & 229 ppm Mo), or

14m @ 7.67% Cu

from 145m (0.07

g/t Au, 15.16 g/t Ag & 217 ppm Mo) -

CPG-047

CPG-047 results are down dip from the recently released significant intercepts in holes CPG-045 &

CPG-049:

79m @ 1.37% Cu

from 71m (0.06 g/t Au, 4.38 g/t Ag & 261 ppm Mo) including

26m @ 3.31% Cu

from 88m (0.06 g/t Au, 8.97 g/t Ag & 44 ppm Mo) -

CPG-049

38m @ 1.01% Cu

from 96m (0.06 g/t Au, 4.83 g/t Ag & 604 ppm Mo) including

12m @ 1.73% Cu

from 96m

(

0.10 g/t Au, 7.75 g/t Ag & 1,052 ppm Mo)

& 4m @ 2.50% Cu

from 122 m (0.10 g/t Au,

11.15 g/t Ag & 1,051 ppm Mo) -

CPG-045

Hole CPG-047 was designed to test for significant high-grade copper and molybdenum mineralization

initially believed to be truncated by results in historic drilling

. CPG-047, in addition to CPG-045 & CPG-

049 now confirms mineralization continues for over 220 metres down dip on section with mineralization

occurring as a wide zone of high-grade mineralization contained within a broader mineralized skarn that

is interpreted to be steep to moderately dipping (-70 degrees to the south - Figure 2). The resource

potential in this area of Cowley Park remains open at depth and along strike. Assay results from an

additional twenty-seven recently completed drill holes will be reported in the coming months.

Gladiator CEO, Jason Bontempo commented:

"The broad width and high-grade nature of

mineralization in CPG-047 improves our geological understanding of the Cowley Park Mineralization

and opens the potential for further discovery of high-grade mineralization both down dip and along

strike. One of our immediate priorities in January 2025 will be to re-enter CPG-018 to test for further

extensions of this very high-grade copper mineralization."

Refer News Release Dated 28

October "

Gladiator Intersects 26m @ 3.31% Cu Within 79m @ 1.37% Cu; Expands Mineralization at Cowley

Park"

COWLEY PARK DRILLING

Gladiator completed 34 diamond drill holes (CPG-031 to 064) for 6,104m (Figure 1) at Cowley Park

during its late 2024 drilling. This drill program was designed to:

Confirm and test the continuity of near surface, high-grade copper mineralization along 4

systematic drill fences spaced 120-220m apart identified from previous drilling for future high-

grade copper resource definition (Figure 1).

Test new shallow, undrilled, chargeability anomalies identified from recently completed Induced

Polarization (IP) surveys, potentially related to unrecognized copper sulfide bodies.

Test significant exploration upside including extensions to known high-grade copper skarn

mineralization and test sub-parallel trends recently identified in drilling.

Test the previously unrecognized resource potential of the endoskarn copper mineralization at

Cowley Park which has not been systematically targeted or sampled in historic drilling.

Test the economic potential of complimentary co-products to copper mineralization including

molybdenum, gold, and silver.

CPG-049 (drilled as a twin of 19-CP-04) was designed to test for significant high-grade copper and

molybdenum mineralization that was truncated by historic hole "19-CP-04" that was, subsequently

interpreted to be inconsistent in terms of its mineralization and geology when compared to the

surrounding holes. CPG-049, supported by additional mineralization intersected in CPG-045 and CPG-

047 confirms mineralization now continues for at least 220 metres from near surface down dip on Line 3

(Figure 2) and remains open at depth and along strike.

Significant Intercepts from CPG-045, CPG-047 & CPG-049:

98m @ 1.49% Cu

from 103m (0.04 g/t Au, 3.68 g/t Ag & 187 ppm Mo) including

20m @ 5.53%

from 145m (0.07 g/t Au, 11.47 g/t Ag & 229 ppm Mo), or

14m @ 7.67% Cu

from 145m (0.07

g/t Au, 15.16 g/t Ag & 217 ppm Mo)-

CPG-047

79m @ 1.37% Cu

from 71m (0.06 g/t Au, 4.38 g/t Ag & 261 ppm Mo) including

26m @ 3.31% Cu

from 88m (0.06 g/t Au, 8.97 g/t Ag & 44 ppm Mo) -

CPG-049

38m @ 1.01% Cu

from 96m (0.06 g/t Au, 4.83 g/t Ag & 604 ppm Mo) including

12m @ 1.73% Cu

from 96m

(

0.10 g/t Au, 7.75 g/t Ag & 1,052 ppm Mo)

& 4m @ 2.50% Cu

from 122 m (0.10 g/t Au,

11.15 g/t Ag & 1,051 ppm Mo) -

CPG-045

These results at CPG-045, CPG-047 & CPG-049 confirm Gladiator's belief that copper mineralization

including molybdenum, gold and silver at Cowley Park continues near surface, is high-grade and

remains open along strike and down dip in all directions with significant resource expansion

opportunities both within AND outside the area of historic drilling. Results from the 27 remaining drill

holes of this summer's program are expected over the next two months.

Figure 1: Plan map of Cowley Park over LIDAR DTM. Gladiator drill collars colored by sum Cu% x

Length (m), historical collars marked. Drill results subject to this release highlighted only

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1930/230371_fig%201.jpg

Figure 2: Section (Line 3) through the Cowley Park prospect looking 280

(20m Window

approximately West) showing all Gladiator drilling and recently returned assay results along the

interpreted granite-skarn boundary. Section (Line 3) is marked on Figure 1 for reference.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1930/230371_fig%202.jpg

Hole CPG-018 (drilled by Gladiator in 2023) intersected minor skarn mineralization over the last 1.6M

(200.1 to 202.69m EOH). With the results of CPG-047, mineralization is now interpreted to remain open

at depth, and Gladiator plans to further test the down dip potential of this zone by extending CPG-018

upon the restart of drilling in January 2025.

EXPLORATION STRATEGY

The recently completed drilling at Cowley Park (6,104m) formed part of a planned 13,000m, summer

drilling campaign targeting high-grade copper skarns throughout the Whitehorse Copper Belt by way of:

1 - Advancing Cowley Park to resource definition and expansion at:

Cowley Resource Target:

Establish initial drilling framework for Inferred Resource drilling at the

Cowley Park Prospect.

Cowley Exploration:

Targeting upside potential for further copper-skarn mineralization at Cowley

Park.

Chiefs Trend Resource Target:

Highlight further high-grade, near-term Copper resource

potential by testing Southern Target area.

2 - Exploration drilling at:

Best Chance:

First drill test of outcropping high-grade, magnetite-copper skarn mineralization

and test continuity of mineralization between the Best Chance Target and Arctic Chief Prospect.

Gladiator reported on October 15

that it had completed a scout drill program on October 10

with 7 holes for 1,295m of drilling at the Best Chance prospect. Broad widths of mineralized skarn

were intersected in holes ACG-007 & ACG-007D2, and assays are pending.

Arctic Chief:

Highlight continuity of high-grade near surface copper and gold mineralization for

future resource drilling.

Cub Trend Exploration:

Highlight continuity of high-grade, near surface, copper and gold

mineralization for future resource drilling.

Drilling has been complemented by planned geophysical programs including Induced Polarization

(ongoing), Electromagnetic and Magnetic surveys to help refine drill targeting in the prospect areas and

highlight undiscovered areas of exploration potential.

Hole ID

Depth

East

North

Dip

Azim

Note

From

Interval

(m)

(%)

(g/t)

(ppm)

CPG-047

219.46

506,130

6,715,342

-74

103

201

1.49

0.04

3.68

187

Incl.

145

165

5.53

0.07

11.47

229

145

159

7.67

0.07

15.16

217

Previously Released Results

CPG-045

187.45

506,130

6,715,342

-60

134

1.01

0.06

4.83

604

Incl.

108

1.73

0.10

7.75

1,052

And

122

126

2.50

0.10

11.15

1,050

CPG-049

198.12

506,130

6,715,342

-43

150

1.37

0.06

4.38

261

Incl.

114

3.31

0.06

8.97

Table 1: Recently returned drill assay results from Cowley Park. Note that the quoted Intersections are

not true width.

QA / QC

Drilling completed by Gladiator is irregularly spaced to test parts of the mineralized systems, holes were

directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars are subsequently

surveyed utilising a high-accuracy RTK DGPS or DeviSite system.

Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the

core, recording core recovery, and Geotech measurements such as RQD's and taking core

photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that

matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in

half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for

analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs)

or known blank material is placed within the sampling sequence at a nominal sampling rate of at least 1

in 25 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).

As part of the processing and capturing of previously unassayed drill core, Gladiator is undertaking a

systematic review of the available drill core after being retrieved from storage. This includes a review of

the geological logging, marking up of lineal length of the core, undertaking a comparison of the physical

ticketed sampling against historic documentation where noted, remarking any notations on the core box

(including hole number, box number and nominal depths) and taking core photographs.

After the systematic review, if the core is required to be sampled or resampled where it is deemed to not

match the historical record of the hole, it is then marked up for sampling with a new sampling ticket that

matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in

half (for un-cut core) or quartered (for resampled core where required) utilizing a core saw equipped with

a diamond saw blade. The core samples are then sent for analysis and the remaining half (or quarter

core) retained for future reference. Certified Reference Materials (CRMs) or known blank material is

placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the

laboratory. Samples are submitted to the ALS Global laboratory (Canada).

Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than

85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with

ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish).

As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the

core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current

required standards under reporting instruments, such as NI-43-101. At this point, Gladiator regards the

data collected from this exercise as reliable for the purposes of identifying future exploration targets and

may be used to inform future drilling and exploration campaigns.

As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the

core and analysis for any future requirements if deemed acceptable. Further drilling will need to be

completed by Gladiator at some stage to confirm the reliability or usability of this data in the future

including but not limited to twinning of reported mineralization. This may be required as Gladiator may

not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to

confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required

standards under reporting instruments, such as NI-43-101. At this point the Company is treating the data

collected from this exercise as reliable for the purposes of identifying future exploration targets and may

be used to inform future drilling and exploration campaigns.

In reference to historic drill results reported in this news release from the Company's data compilation

exercise, these results are historical in nature. Gladiator has not undertaken any independent

investigation, nor has it independently analyzed the results of the historical exploration work in order to

verify the results.

The Company believes that the historical drill results currently do not conform

to presently accepted industry standards.

Gladiator considers these historical drill results relevant

as the Company will use this data as a guide to plan future exploration and drilling programs. The

Company also considers the data to be reliable for these purposes, however, the Company's future

exploration work will include verification of the data through drilling. Please refer to the Company's

previous news releases regarding Cowley Park for further details.

In reference to Drill Hole 19-CP-04, Gladiator considers this hole to be inconsistent with the

surrounding holes and will not be utilised by the Company, unless further validation of the

hole is possible

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and

approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by

NI 43-101.

ON BEHALF OF THE BOARD

Jason Bontempo

Director and CEO

For further information contact:

Caitlin Cheadle, Investor Relations

+1-778-403-5139

[email protected]

Neither the 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

release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the

securities in the United States. The securities have not been and will not be registered under the

United States Securities Act of 1933, as amended (the "

U.S. Securities Act

") or any state securities

laws and may not be offered or sold within the United States or to U.S. Persons unless registered

under the U.S. Securities Act and applicable state securities laws or an exemption from such

registration is available.

Certain of the statements and information in this news release constitute "forward-looking statements"

or "forward-looking information". Any statements or information that express or involve discussions

with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future

events or performance (often, but not always, using words or phrases such as "expects", "anticipates",

"believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or

variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or

"will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions)

that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks,

uncertainties and other factors that could cause actual events or results to differ from those reflected in

the forward-looking statements or information, including, without limitation, the need for additional

capital by the Company through financings, and the risk that such funds may not be raised; the

speculative nature of exploration and the stages of the Company's properties; the effect of changes in

commodity prices; regulatory risks that development of the Company's material properties will not be

acceptable for social, environmental or other reasons; availability of equipment (including drills) and

personnel to carry out work programs; and that each stage of work will be completed within expected

time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-

looking statements or information. Although the Company has attempted to identify important factors

that could cause actual results to differ materially, there may be other factors that cause results not to

be as anticipated, estimated, described or intended. Accordingly, readers should not place undue

reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs,

expectations and opinions of management as of the date of this news release, and other than as

required by applicable securities laws, the

Company

does

not

assume

any

obligation

update

forward-looking

statements

and

information

if circumstances or management's assumptions, beliefs,

expectations or opinions should change, or changes in any other events affecting such statements or

information.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/230371

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