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IGO.V ·

Independence GOLD Grants Incentive Stock Options

Share Capital & Compensation

Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6

Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]

NEWS RELEASE

January 31, 2022 TSX Venture: IGO

INDEPENDENCE GOLD GRANTS INCENTIVE STOCK OPTIONS

Vancouver, B.C. – Independence Gold Corp. (TSX.V: IGO ) (the "Company") wishes to announce the granting of

incentive stock options to certain d irectors, office rs, employees, and consultants to purchase up to 2,675,000

common shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of five

(5) years, commencing on January 27, 2022, exercisable at a price of $0.15 per share.

ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.

“Randy Turner”

Randy Turner, President and CEO

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

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

All statements in this press release, other than statements of historical fact, are "forward -looking information" with respect to

Independence within the meaning of applicable securiti es laws, including s tatements with respect to the Company’s planned

drilling and exploration activities. The Company provides forward -looking statements for the purpose of conveying information

about current expectations and plans relating to the future an d readers are cautio ned that such statements may not be

appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general

or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove

to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.

These risks and uncertainties include but are not limited to th ose identified and r eported in Independence’s public filings under

Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important

factors that could cause actual act ions, events or resu lts to differ materially from those described in for ward-looking

information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended .

There can be no assurance that such informat ion will prove to be accurate as actual results and future events could differ

materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise

any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.