Idaho Champion Gold Commences Drill Program at Champagne Gold Project

Idaho Champion Gold Commences Drill Program

at Champagne Gold Project

Toronto, ON – July 7, 2021 - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO;

OTCQB: GLDRF; FSE: 1QB1)(“Idaho Champion” or the "Company") is pleased to

announce that the Company has commenced the planned drill program to test the large

geophysical anomaly reported earlier this year at its 100% controlled Champagne Gold

Project (“Champagne”) near the city of Arco, Butte County, Idaho.

The Company recently announced that it has signed a contract with National Drilling for

an 8,000 metre exploration core drilling program (See press release dated June 8, 2021).

The drill and crew have mobilized to site and drilling is underway on the first hole.

The drill program is designed to test the large induced polarization (IP) anomaly (Figure

1) with a series of drill holes comprising “fences” along IP Lines 4 and 5. The first two (2)

drill holes will be placed on the recently acquired private ground located toward the west

end of the IP anomaly (See press release dated June 29, 2021).

“Commencing this drill program marks an exciting step for Idaho Champion as we begin

fence drilling the IP anomaly. Given the evidence uncovered so far on this huge anomaly,

we have high expectations of encountering mineralization as we test the roots of the

Champagne mineral system. It is helpful that we are able to drill immediately on our

recently acquired private ground,” commented President and CEO, Jonathan Buick.

Figure 1. 2021 Drill Program Location in relation to IP anomaly.

About the Champagne Project

The Champagne Mine* was operated by Bema Gold as a heap leach operation on an

epithermal gold-silver system that occurs in volcanic rocks. Bema Gold drilled 72 shallow

reverse circulation holes on the project, which complement drilling and trenching from

other previous operators. The property has had no deep drilling or significant modern

exploration since the mine closure in early 1992.

The Champagne Deposit contains epigenetic style gold and silver mineralization that

occurs in strongly altered Tertiary volcanic tuffs and flows of acid to intermediate

composition. Champagne has a near surface cap of gold-silver mineralization emplaced

by deep-seated structures that acted as conduits for precious metal rich hydrothermal

fluids. Higher grade zones in the Champagne Deposit appear to be related to such feeder

zones.

* The Company cautions that the information about the past-producing mine may not be

indicative of mineralization on Champion’s property, and if mineralization does occur, that

it will occur in sufficient quantity or grade that would result in an economic extraction

scenario. The historic data were simply used to evaluate the prospective nature of the

property. The Company has not yet conducted sufficient exploration to ascertain if a

mineral resource is present on the property.

Qualified Person

The technical information in this press release has been reviewed and approved by Peter

Karelse P.Geo., a consultant to the Company, who is a Qualified Person as defined by NI

43-101. Mr. Karelse has more than 30 years of experience in exploration and development.

About Idaho Champion Gold Mines Inc.

Idaho Champion is a discovery-focused gold exploration company that is committed to

advancing its 100%-owned highly prospective mineral properties located in Idaho,

United States. The Company’s shares trade on the CSE under the trading symbol “ITKO”,

on the OTCQB under the trading symbol “GLDRF”, and on the Frankfurt Stock Exchange

under the symbol “1QB1”. Idaho Champion is vested in Idaho with the Baner Project in

Idaho County, the Champagne Project located in Butte County near Arco, and four cobalt

properties in Lemhi County in the Idaho Cobalt Belt. Idaho Champion strives to be a

responsible environmental steward, stakeholder and a contributing citizen to the local

communities where it operates. Idaho Champion takes its social license seriously,

employing local community members and service providers at its operations whenever

possible.

ON BEHALF OF THE BOARD

“Jonathan Buick”

Jonathan Buick, President and CEO

For further information, please visit the Company’s SEDAR profile at www.sedar.com or

the Company’s corporate website at www.idahochamp.com.

For further information please contact:

Nicholas Konkin, Marketing and Communications

Phone: (416) 567- 9087

Email: [email protected]

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY

ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF

SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE

UNLAWFUL.

Cautionary Statements

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for

the adequacy or accuracy of this press release This press release may include forward-looking information within the

meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based

on certain key expectations and assumptions made by the management of the Company, including suggested strike

extension. Although the Company believes that the expectations and assumptions on which such forward-looking

information is based on are reasonable, undue reliance should not be placed on the forward-looking information because

the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press

release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly

any forward-looking information, whether as a result of new information, future events or results or otherwise, other than

as required by applicable securities laws.