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JG.V ·

Japan Gold Announces Results of Annual General Meeting

Shareholder Meetings

Japan Gold Announces Results of Annual

General Meeting

Vancouver, British Columbia--(Newsfile Corp. - October 21, 2022) -

Japan Gold Corp

. (TSXV: JG)

(OTCQB: JGLDF) ("

Japan Gold

" or the "

Company

") is pleased to announce that all resolutions were

passed at its annual general meeting of shareholders (the "AGM") held in Vancouver on October 20,

2022.

All of the nominees for election as directors of the Company listed in the Company's information circular

dated September 6, 2022, were re-elected for the ensuing year and the number of directors was fixed at

seven (7). John Proust, Ian Burney, Michael Carrick, Mitsuhiko Yamada, Paul Harbidge, Tanneke

Heersche and Murray Flanigan were all re-elected as directors of the Company.

The Company's new omnibus equity incentive plan (the "Compensation Plan") was approved and

supersedes the Company's incentive stock option plan. Subsequent to the shareholder approval of the

Compensation Plan, the board of directors passed a resolution capping all types of consideration

referred to in the Compensation Plan for the next year to a rolling maximum of 10% of the total number of

issued and outstanding common shares of the Company on the date of a grant, The Compensation Plan

is subject to final approval by the TSX Venture Exchange.

KPMG, LLP were re-appointed as auditor for the Company for the ensuing year.

At a Board meeting immediately following the AGM, Board Committees, consisting of independent

directors, were confirmed:

Audit Committee - Murray Flanigan (Chairman), Michael Carrick, Paul Harbidge

Compensation Committee - Michael Carrick (Chairman), Murray Flanigan, Tanneke Heersche

Nomination/Corporate Governance - Tanneke Heersche (Chairman), Ian Burney, Paul Harbidge

On behalf of the Board of Japan Gold Corp.

"

John Proust

"

Chairman & CEO

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across

the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide

alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral

properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas

with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold

mineralization. Japan Gold's leadership team represent decades of resource industry and business

experience, and the Company has an operational team of geologists, drillers and technical advisors with

experience exploring and operating in Japan. More information is available at

www.japangold.com

For further information please contact:

John Proust

Chairman & CEO

Phone: 778-725-1491

Email:

[email protected]

Website:

www.japangold.com

Cautionary Note

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

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

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

https://www.newsfilecorp.com/release/141405