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P2 Gold Files Gabbs Project Technical Report

Technical Reports (NI 43-101)

P2 Gold Files Gabbs Project Technical Report

VANCOUVER, BC

,

Aug. 14, 2023

/CNW/ -

P2 Gold Inc.

("P2" or the "Company") (TSXV: PGLD)

(OTCQB: PGLDF) reports it has filed a National Instrument 43-101 Standards of Disclosure for

Mineral Projects ("NI 43-101") technical report entitled "NI 43-101 Technical Report, Preliminary

Economic Assessment Gabbs Project,

Nye County, Nevada

, USA", with an effective date of

June

29, 2023

(the "Gabbs Technical Report"). The Gabbs Technical Report is available under the

Company's profile on SEDAR at

www.sedar.com

and on the Company's website at

www.p2gold.com

.

The Gabbs Technical Report was prepared by Dan Whiteley, P.E. of Kappes, Cassiday &

Associates of

Reno Nevada

,

Eugene Puritch

, P.Eng., FEC, CET,

Andrew Bradfield

, P.Eng.,

William

Stone

, Ph.D., P.Geo.,

Jarita Barry

, P.Geo.,

David Burga

, P.Geo. and

Kirk Rodgers

, P.Eng. of P&E

Mining Consultants Inc. of

Brampton, Ontario

and

Douglas Willis

, CPG of Welsh Hagen Associates

of

Reno Nevada

, each of whom is a "Qualified Person" as defined by NI 43-101 and independent of

the Company.

Quality Assurance

Ken McNaughton

, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Company Qualified

Person, as defined by NI 43-101, responsible for the Gabbs Project. Mr. McNaughton has

reviewed, verified and approved the technical information in this news release.

About P2 Gold Inc.

P2 Gold is a mineral exploration and development company focused on advancing precious metals

and copper discoveries and acquisitions in the western

United States

and

British Columbia

.

Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that

term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy

of this release.

Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities

laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking

information" includes statements that use forward-looking terminology such as "may", "will", "expect",

"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or

comparable terminology. Such forward-looking information includes, without limitation, information

with respect to the Company's expectations, strategies and plans for the Gabbs Project including the

Company's planned expenditures and exploration activities.

Forward-looking information is not a guarantee of future performance and is based upon a number

of estimates and assumptions of management at the date the statements are made. Furthermore,

such forward-looking information involves a variety of known and unknown risks, uncertainties and

other factors which may cause the actual plans, intentions, activities, results, performance or

achievements of the Company to be materially different from any future plans, intentions, activities,

results, performance or achievements expressed or implied by such forward-looking information.

See "Risk Factors" in the Company's annual information form for the year ended

December 31,

2022

, dated

March 16, 2023

filed on SEDAR at

www.sedar.com

for a discussion of these risks.

The Company cautions that there can be no assurance that forward-looking information will prove to

be accurate, as actual results and future events could differ materially from those anticipated in such

information. Accordingly, investors should not place undue reliance on forward-looking information.

Except as required by law, the Company does not assume any obligation to release publicly any

revisions to forward-looking information contained in this press release to reflect events or

circumstances after the date hereof.

SOURCE

P2 Gold Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2023/14/c3535.html

%SEDAR: 00045664E

For further information:

Joseph Ovsenek, President & CEO, (778) 731-1055; Michelle Romero,

Executive Vice President, (778) 731-1060; P2 Gold Inc., Suite 1100, 355 Burrard Street, Vancouver,

BC, V6C 2G8, [email protected], (SEDAR filings: P2 Gold Inc.)

CO: P2 Gold Inc.

CNW 17:05e 14-AUG-23