SCOT.V · 2023-10-12 12:00:00

Scottie Resources Intercepts 26.9 G/T GOLD over 4 Metres at Blueberry Contact Zone

Drill Results

SCOTTIE RESOURCES INTERCEPTS 26.9 G/T GOLD OVER 4

METRES AT BLUEBERRY CONTACT ZONE

VANCOUVER, BC

Oct. 12, 2023

/CNW/ - Scottie Resources Corp. ("

Scottie

" or the "

Company

") (TSXV: SCOT) is pleased to report assays

on the Scottie Gold Mine Project in

British Columbia's

Golden Triangle. The company continues to intercept high-grade gold over appreciable

widths in the Blueberry Contact Zone. The 2023 exploration program focused on expanding the zone along strike and at depth and increasing

confidence of the geological model through targeted drilling. The company drilled over 20,000 metres in 2023 and has over 15,500 metres of

pending assays. The Blueberry Contact Zone is located 2 km north-northeast of the 100% owned and royalty free, past-producing high-grade

Scottie Gold Mine

, 35 kilometres north of the town of

Stewart, BC

, along the Granduc Road.

Highlights:

Drillhole SR23-247 intersected

26.9 grams per tonne (g/t) gold over 4 metres (m)

and

13.9 g/t gold over

2.04 m

(Table 1, Figures 1,2)

Drillhole SR23-249 intersected

3.01 g/t gold over

9 m

(Table 1, Figures 1,2)

Drillhole SR23-242 intersected

5.3 g/t gold over

4.05 m

(Table 1, Figures 1,3)

Testing during 2023 of the main Blueberry Zone shows increased vein density relative to previous modelling.

President and CEO,

Brad Rourke

commented: "These additional robust intercepts from the Blueberry Contact Zone continue to support and

enhance our current model and understanding of the orebody. Of the 20,000 metres drilled this season, almost 17,000 was directed towards

Blueberry – taking the total drilling on the zone from 23,000 metres (prior to 2023) to almost 40,000 metre total. This additional information will

allow for much more detailed modelling and interpretation of the structures and provide vectors to pursue additional high-grade zones."

Table 1:

Selected results from new drill assays (uncut) from the Blueberry Contact Zone.

Drill Hole

From

(m)

Width*

(m)

Gold

(g/t)

Silver

(g/t)

SR23-241

229.05

235.00

5.95

1.61

including

233.80

235.00

1.20

3.55

240.50

243.13

2.63

1.01

248.00

249.00

1.00

1.33

SR23-242

338.30

342.35

4.05

5.30

including

340.35

341.35

1.00

14.5

352.00

356.00

4.00

4.90

SR23-245

6.05

7.50

1.45

4.21

38.00

39.05

1.05

1.47

SR23-247

including

38.50

39.50

1.00

4.60

240.56

242.60

2.04

13.9

259.00

263.00

4.00

26.9

SR23-249

79.00

80.00

1.00

1.44

98.70

108.00

9.30

3.01

including

107.00

108.00

1.00

19.5

257.00

258.11

1.11

8.7

*True width of the intervals has not yet been established by drilling

Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating the locations of the reported drill results, cross-sections (Figures

2 and 3), and the distribution of the modelled sulphide-rich cross-structures. (CNW Group/Scottie Resources Corp.)

Figure 2: Cross section displaying vein and contact style intercepts highlighted by the recent intercept in SR23-247 and 249 located in the Road

– Blueberry vein portion of the Blueberry Contact Zone. (CNW Group/Scottie Resources Corp.)

Figure 3: Cross section displaying vein intercepts highlighted by SR23-242 in the Fifi - Lemoffe portion of the Blueberry Contact Zone. (CNW

Group/Scottie Resources Corp.)

About the Blueberry Contact Zone

The Blueberry Zone is located just 2 kilometres northeast of the 100% owned, past-producing

Scottie Gold Mine

located in

British Columbia,

Canada's

Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43

metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein had only limited

reported drilling prior to the Company's exploration work. The target was significantly advanced during Scottie's 2019 drill program when an

interval grading 7.44 g/t gold over 34.78 metres was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill

results received from 2020 - 2023, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a first order structure

that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. AS of the end of 2022,

the extent of the N-S zone, defined by the contact between andesite and siltstone units of the

Hazelton

and the presence of the cross-cutting

sulfide-rich structures, has a drilled strike length of 1,550 metres and has been tested to 400 metres depth. The Blueberry Zone is located on

the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Project, which is fully financed for construction. Newcrest's Brucejack

Mine is located 25 kilometres to the north.

Thomas Mumford

, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical

information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Zone and the high-grade, past-producing

Scottie

Gold Mine

. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing

Georgia River Mine

, as well

as the Cambria Project properties and the Sulu property. Altogether Scottie Resources holds approximately 60,000 hectares of mineral claims

in the Stewart Mining Camp in the Golden Triangle.

The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold

targets, with the purpose of delivering a potential resource.

All of the Company's properties are located in the area known as the Golden Triangle of

British Columbia

which is among the world's most

prolific mineralized districts.

Forward Looking Statements

This news release may contain forward–looking statements. Forward looking statements are statements that are not historical facts and are

generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and

similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the

expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of

future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on

the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims

any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or

otherwise.

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

accepts responsibility for the adequacy of accuracy of this release.

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SOURCE

Scottie Resources Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2023/12/c8739.html

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For further information:

Brad Rourke, President and CEO, +1 250 877 9902, [email protected]; Gordon Robb, Business

Development, +1 250 217 2321, [email protected]

CO: Scottie Resources Corp.

CNW 07:30e 12-OCT-23

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