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KAPA.V ·

KAPA GOLD Provides Update ON Blackhawk Permitting

Permits & Approvals

Kapa Gold Inc.

Suite 1400 – 1199 West Hastings Street

Vancouver, BC, V6E 3T5

Tel: 604-961-9442 | [email protected]

www.kapagold.com

KAPA GOLD PROVIDES UPDATE ON BLACKHAWK PERMITTING

VANCOUVER, BC – November 9, 2023 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa” or the “Company”) is

pleased to announce it has received permission from San Bernardino National Forest District

(“SBNFD”) to proceed with the proposed rehabilitation of access roads leading to its patented claims

containing the historic Blackhawk Mine near Lucerne Valley, San Bernardino County, California, USA.

Having reviewed the Company’s Plan of Operation to access its mining operations and existing adits,

SBNFD has granted the work authorization based on the condition that there will be no significant

ground disturbance from the proposed activity. This road rehabilitation will allow Kapa to enter the

historic workings of its patented, past producing, high-grade gold mine and to conduct underground

surveys and initiate underground exploration.

Kapa intends to immediately undertake road and access rehabilitation, and as previously reported ,

engaged an experienced local San Bernadino contrator, Lilburn Corporation , to assist with the road

work and adit clearance at the Blackhawk mine. The contractor is expected to commence activity on

the roadways promptly. Following the completion of the proposed work Kapa wil l commence an

underground mine inspection by a California Certified Underground Mining Engineer in regard to the

safety in initiating underground exploration.

The patented claims are issued by the federal government and gives the owner exclusive title to the

locatable minerals and title to the surface and other resources. A patented claim can be used for any

purpose desired by the owner, just like any other real estate. The Blackhawk property patented lode

and mill site claims were patented by the US federal government in 1924. The BLM mineral claims are

accessible under the provisions of the Mining Law of 1872, subject to the approval from the US Forest

Service and/or Bureau of Land Management. Owne rship of the claims gives the right, subject to

federal, state and local permits and approvals, to explore for and develop mineral resources.

Blackhawk mineral claims are located on both BLM and US Forest Service lands.

The Blackhawk mine property contains patented lode claims with historic underground operations

which will allow for expedited underground exploration drilling with no surface disturbances, without

additional permitting requirements. Kapa will also be undertaking a ground Mag-VLF-EM geophysical

survey over all its surface mineral showings to confirm continuity along strike.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and

approved by Dr. Allan Miller, PhD., P.Geo., Consultant and Senior Geologist of Kapa Gold Inc ., a

“Qualified Person ” as defined in National Instrument 43 -101 Standards of Disclosure for Mineral

Projects.

About KapaGold

KapaGold, led by experienced capital markets and geologic team, is focused on exploring its 100%

owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic

mineralization. KapaGold has recently optioned the historic Mastodon Project in BC, Canada and is

compiling historical data in advance of recommendations for exploration programs.

To learn more, visit kapagold.com

On behalf of the Board of Directors

KAPA GOLD INC.

“David K. Paxton”

CEO and Director

For More Information Contact:

Konstantine Tsakumis

[email protected]

604-961-9442

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.

Forward-Looking Information

Certain statements made, and information contained herein may constitute "forward -looking

information" and "forward -looking statements" within the meaning of applicable Canadian

and United States securities legislation. These statements and information are based on facts

currently available to the Company and there is no assurance that actual results will meet

management's expectations. Forward-looking statements and information may be identified by such

terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or

"would". Forward-looking statements and information contained herein are based on certain factors

and assumptions. While the Company considers its assumptions to be reasonable as of the date

hereof, forward-looking statements and information are not guaranteeing of future performance and

readers should not place undue importance on such statements as actual events and results may differ

materially from those described herein. The Company does not undertak e to update any forward -

looking statements or information except as may be required by applicable securities laws.