SIG.V · 2025-07-17 12:00:00

News release

Drill Results

NEWS RELEASE

July 17, 2025

NR 25-17

www.sitkagoldcorp.com

SITKA INTERSECTS 47.6 METRES OF 2.09 G/T GOLD,

INCLUDING 8.0 METRES OF 5.07 G/T GOLD NEAR

SURFACE AT THE SADDLE ZONE AT ITS RC GOLD

PROJECT, YUKON

● Initial follow-up drilling at Saddle Zone identifies intersections of near surface multi-gram

gold mineralization with up to 47.6 m of 2.09 g/t Au including 8.0 m of 5.07 g/t Au in Hole

● The high-grade, near surface gold mineralization at Saddle is within the proposed pit of the

Blackjack Mineral Resource Estimate (MRE), 300 m east of the current Blackjack resource

outline, and highlights the potential of this area to significantly increase the Blackjack MRE

● New results from step-out drilling at the Eiger Deposit identify significant widths of Eiger

style gold mineralization on the western margin of the current Eiger MRE

● A total of 18,662 m of drilling have been completed this year with assays pending for

12,951 m (31 drill holes) completed across the Blackjack, Saddle, Eiger and Rhosgobel

targets

VANCOUVER, CANADA – July 17, 2025: Sitka Gold Corp. (“Sitka” or the “Company”)

(TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce assay results from its ongoing

30,000 metre diamond drill program currently underway at its 100% owned, road accessible RC

Gold Project located in the Yukon’s prolific Tombstone Gold Belt. Recent results from the Saddle

zone, located between the Blackjack and Eiger MRE’s (see Figure 1), have returned several

intersections of near surface multi-gram gold mineralization that lie within the proposed pit

boundary of the Blackjack MRE, but are 300 m east of the current resource outline. Assay

results of up to 47.6 m of 2.09 g/t gold, including 8.0 m of 5.07 g/t gold, emphasize the

potential of the Saddle zone to significantly increase the Blackjack MRE. Drilling is currently

ongoing with four drill rigs turning at Blackjack, Saddle, Eiger and Rhosgobel and assays are

pending for an additional 12,951 metres drilled to date this season.

Table 1: Assay highlights for this release (see Table 2 for details)

Hole ID

DDRCCC-25-081

(Saddle Zone)

including

DDRCCC-25-084

(Saddle Zone)

and

including

DDRCCC-25-087

(Saddle Zone)

and

including

From (m)

To (m)

Interval (m)*

Gold (g/t)

102.0

144.0

42.0

0.96

102.0

105.2

121.5

107.0

19.5

1.8

1.81

6.71

1.5

12.6

11.1

0.92

61.0

85.0

89.7

63.0

109.0

102.0

2.0

24.0

12.3

8.43

1.36

2.36

3.0

21.0

18.0

1.00

33.5

59.0

67.0

73.0

81.0

47.6

22.0

14.0

8.0

2.09

2.91

3.78

5.07

*Intervals are drilled core length, as insufficient drilling has been completed at this time to determine true widths.

“Assays from the initial drilling completed at RC Gold this summer season have returned some

excellent results,” said Cor Coe, Director and CEO of Sitka. “The high-grade intercepts

encountered in the first follow-up holes of the season at the Saddle zone are particularly

impressive, with near-surface, multigram gold intervals that are approximately 300 metres east

of the current Blackjack resource and located within the conceptual pit shell of that deposit.

Results of up to 47.6 metres of 2.09 grams per tonne gold, including 14.0 metres of 3.78 grams

per tonne gold, demonstrates the potential of this area to add significant ounces to our existing

gold resources and further supports the possibility that the Saddle Zone could link gold

mineralization between the Blackjack and Eiger gold deposits.”

SADDLE ZONE DRILLING

At the Saddle Zone, 11 holes for a total 2,918 m have been completed to date in 2025 and

results for holes DDRCCC-25-081, DDRCCC-25-084 and DDRCCC-25-087 have been

received. All holes were drilled within the proposed pit limit of the Blackjack MRE, but outside of

the current resource outline (Figure 1) and all were drilled with a northerly azimuth to test the

eastern extension of mineralization identified in hole DDRCCC-23-054 (84.0 m of 1.21 g/t Au;

see Company press release dated October 30, 2023). All holes intersected a megacrystic

quartz monzonite sill cutting hornfelsed sedimentary rock. The sill, which strikes approximately

WNW and dips gently to the north, is estimated to be about 10-15 m true thickness and has

been drilled along strike for approximately 350 m. Mineralization was intersected in the sill and

extends into the adjacent sedimentary rocks.

All three of the holes DDRCCC-25-081, 084 and 087 encountered multi-gram gold

mineralization from near surface to depth in both the quartz monzonite sill and adjacent

sedimentary rocks. Hole 081 returned 42.0 m of 0.96 g/t Au from 102.0 m; Hole 084 returned

24.0 m of 1.36 g/t from 85.0 m; and Hole 087 returned 47.6 m of 2.09 g/t from 33.5 m, including

14.0 m of 3.78 g/t Au from 67.0 m and 8.0 m of 5.07 g/t Au from 73.0 m (see Figure 2). These

holes are within the proposed pit outline for the current Blackjack MRE (see Figure 1) but still

some 300 m east of the currently modelled resource outline.

Figure 1: Plan map of drilling at the Blackjack, Saddle and Eiger Zones

Figure 2: Cross Section of hole DDRCCC-25-087 at the Saddle Zone where mineralization

occurs in the quartz monzonite sill and in the adjacent metasedimentary rocks.

BLACKJACK DEPOSIT DRILLING

To date, 14 drill holes for a total of 7,405 metres have been completed at the Blackjack deposit

and results for hole DDRCCC-25-080 have been received. This hole was drilled to test the

updip extension of DDRCCC-23-047 (219.0 m of 1.36 g/t Au - see Company news release

dated September 26, 2023). The hole intersected dykes of megacrystic quartz monzonite in

altered metasediments crosscut by sheeted quartz veins with local multi-gram intercepts of gold

mineralization (see Table 2)

EIGER DEPOSIT DRILLING

To date, 10 drill holes for a total of 4,417 metres have been completed at the Eiger deposit.

Assay results have now been received for holes DDRCCC-25-078, DDRCCC-25-079 and

DDRCCC-25-082 (see Table 2). Drill holes 078, 079 and 082 were collared at the same

location on the western margin of the Eiger Stock, with the objective of expanding the current

Eiger Mineral Resource Estimate (see Figure 1).

All drill holes intersected sheeted quartz veins within the metasedimentary rocks before

intersecting the diorite intrusion. Gold mineralization was encountered in both the

metasedimentary rocks and intrusion. The broad interval of 369.0 m from 76.0 m in Hole 79

contained 0.46 g/t Au, significantly above the cut-off of 0.20 g/t Au of the current Eiger MRE.

Higher grade intervals included 46.0 m of 0.99 g/t from 173.8 m and 19.0 m of 1.03 g/t Au from

331.0 m.

Hole 082, steepened to -75 degrees at the same location, encountered local gold mineralization

in metasedimentary rock to a final length of 431.3 m (see Table 2).

RHOSGOBEL TARGET DRILLING

To date in 2025, 10 holes for 2,833 m have been completed at the Rhosgobel target. Assays are

still pending for all the holes completed at Rhosgobel so far this year (see Company press

release dated July 10, 2025 for the location of holes up to DDRCRG-25-010).

Table 2: Summary of significant assay results from this release

Length

(m)

Azimuth

(°)

DDRCCC-25-078 Eiger

Including

133.2

345.0

-50

67.0

79.0

84.0

91.9

86.0

24.9

12.9

2.0

0.58

0.80

1.59

DDRCCC-25-079 Eiger

Including

513.6

345.0

-55

76.0

123.7

173.8

215.8

331.0

400.0

445.0

137.5

219.9

216.6

350.0

402.3

369.0

13.8

46.0

0.8

19.0

2.3

0.46

1.00

0.99

18.15

1.03

5.36

DDRCCC-25-080 Blackjack

And

479.1

40.0

-55

106.0

154.0

168.0

238.4

267.3

323.5

108.0

155.0

221.0

242.2

269.5

327.0

2.0

1.0

53.0

3.9

2.3

3.5

5.30

3.51

0.61

7.01

8.71

3.22

DDRCCC-25-081 Saddle

352.0

25.0

-50

102.0

144.0

42.0

0.96

Hole ID

Zone

Dip

(°)

From

(m)

Interval (m)* Gold (g/t)

Including

102.0

105.2

121.5

107.0

19.5

1.8

1.81

6.71

36.7

108.0

186.1

258.0

355.0

38.4

110.0

188.0

260.0

367.0

1.7

2.0

12.0

1.21

1.52

3.64

0.71

DDRCCC-25-082 Eiger

And

431.3

345.0

-75

DDRCCC-25-083 Blackjack

541.0

60.0

-60

DDRCCC-25-084 Saddle

And

Including

222.5

335.0

-50

DDRCCC-25-085 Saddle

140.2

310.0

-50

assays pending

DDRCCC-25-086 Saddle

126.5

210.0

-50

assays pending

DDRCCC-25-087 Saddle

And

Including

94.5

30.0

-50

assays pending

1.5

61.0

85.0

89.7

3.0

33.5

59.0

67.0

73.0

12.6

63.0

109.0

102.0

21.0

81.0

11.1

2.0

24.0

12.3

18.0

47.6

22.0

14.0

8.0

*Intervals are drilled core length, as insufficient drilling has been completed at this time to determine true widths

0.92

8.43

1.36

2.36

1.00

2.09

2.91

3.78

5.07

Figure 3: Regional map of the RC Gold Project located in the western portion of Yukon’s

prolific Tombstone Gold Belt.

Figure 4: A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated

resource areas at Blackjack and Eiger, and the six additional areas that have drill targets

indicated by the mauve hatched areas. The map highlights the numerous drill targets that

Sitka has outlined within the CCIC which all are connected by the road network on the

project and occur in an area measuring five (5) km north-south and twelve (12) km

east-west. Additional areas highlighted by strong gold in soil anomalies are being

advanced to the drill ready stage with additional geological work in 2025.

Quality Assurance/Quality Control

On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for

geological attributes, photographed and sampled at Sitka’s core logging facility. Sample lengths

as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole

sample length was used. Each sample is identified by a unique sample tag number which is

placed in the bag containing the core to be assayed. Core was cut in half lengthwise along a

predetermined line, with one-half (same half, consistently) collected for analysis and one-half

stored as a record. Standard reference materials, blanks and duplicate samples were inserted

by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in

secure bins to ensure integrity during transport. They were delivered by Sitka personnel or a

contract expeditor to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analyses

completed in North Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were

crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter.

One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold

determinations are by fire assay with an inductively coupled plasma mass spectroscopy

(ICP-AES) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample

returning over 10 g/t gold was re-analyzed by fire assay with a gravimetric finish on a 50 g

subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5

g subsample of the prepared pulps by an aqua regia digestion followed by an inductively

coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41).

About the flagship RC Gold Project

Sitka’s 100% owned RC Gold Project consists of a 431 square kilometre contiguous

district-scale land package located in the heart of Yukon’s Tombstone Gold Belt. The project is

located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved

runway, and is accessed via a secondary gravel road from the Klondike Highway which is

usable year-round and is an approximate 2 hour drive from Dawson City. It is the largest

consolidated land package strategically positioned mid-way between the Eagle Gold Mine and

the past producing Brewery Creek Gold Mine.

The RC Gold Project now has pit-constrained mineral resources that are contained in two

zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold in 39,962,000

tonnes grading 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold in

34,603,000 tonnes grading 0.94 g/t in an inferred category at Blackjack and 440,000 ounces of

gold in 27,362,000 tonnes grading 0.50 g/t gold in an inferred category at Eiger. These resource

estimate numbers are supported by the recently updated technical report for RC Gold, prepared

in accordance with NI 43-101 standards, entitled “Clear Creek Property, RC Gold Project NI

43-101 Technical Report Dawson Mining District, Yukon Territory”, prepared by Ronald G.

Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025. This

report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company’s website

(www.sitkagoldcorp.com).

Both of these deposits begin at surface, are potentially open pit minable and amenable to heap

leaching, with initial bottle roll tests indicating that the gold is not refractory and has high gold

recoveries of up to 94% with minimal NaCN consumption (see News Release July 13, 2022).

As of the end of 2024, the Company has drilled 72 diamond drill holes into this system for a total

of approximately 25,136 metres. Other targets drilled to date include the Saddle, Josephine,

Rhosgobel and Pukelman zones. The resource expansion drilling in 2023 at Blackjack produced

results of up to 219.0 metres of 1.34 g/t gold including 124.8 metres of 2.01 g/t gold and 55.0

metres of 3.11 g/t gold in drill hole DDRCCC-23-047 (see news release dated September 26,

2023) and in 2024 results of up to 678.1 metres of 1.04 g/t gold starting from surface in

DDRCCC-24-068, including 409.5 metres of 1.36 g/t gold, 93.0 metres of 2.57 g/t gold and

5.5 metres of 17.59 g/t gold (see news release dated October 21, 2024). Results from

DDRCCC-25-075, completed during winter drilling in 2025, produced the best high-grade

intercepts drilled to date at Blackjack, returning 352.8 metres of 1.55 g/t gold including 108.9

metres of 3.27 g/t gold and 45.0 metres of 4.52 g/t gold (see news release dated April 22,

2025).

A planned 30,000 metre diamond drilling program for 2025 is currently underway at RC Gold.

RC Gold Deposit Model

Exploration on the Property has mainly focused on identifying an intrusion-related gold system

(“IRGS”). The property is within the Tombstone Gold Belt which is the prominent host to IRGS

deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt

include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million

tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current

Measured and Indicated Resources of 233 million tonnes at a grade of 0.57 g/t Au at the Eagle

Main Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with current

Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million

ounces; Hulse et al. 2020)(3); the AurMac Project with an Inferred Mineral Resource of 347.49

million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(4) and the Valley Deposit,

with a current Measured and Indicated Mineral Resource of 7.94 million oz gold at 1.21 g/t and

an additional Inferred Mineral Resource of 0.89 million oz at 0.62 g/t gold(5), and the Raven

deposit with an inferred mineral resource of 1.1 million oz (19.96 million tonnes at 1.67 g/t

gold)(6).

(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018.

https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf

(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp.

December 31, 2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf

(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.

https://minedocs.com/22/Brewery-Creek-PEA-01182022.pdf

(4) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Energy and Mining Inc.

February 6, 2024. https://banyangold.com/site/assets/files/5251/banyan_gold_ni_43-101_technical_report_2024_03_18.pdf

(5)https://snowlinegold.com/2025/05/15/snowline-gold-expands-measured-and-indicated-gold-ounces-by-96-in-updated-mineral-resource-estimate-at-it

s-valley-gold-deposit-yukon/

(6) Jutras, M. 2022. Technical Report on the Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada, prepared for Victoria Gold Corp and

filed on SEDAR (www.sedar.com) with an effective date of September 15, 2022

Upcoming Events

Sitka Gold will be attending and/or presenting at the following events*:

● Precious Metals Summit, Beaver Creek, Colorado: September 9 - 12, 2025

● Yukon Geoscience Forum, Whitehorse, YT: November 16 - 19, 2025

● Swiss Mining Institute, Zürich, Switzerland: November 19 - 22, 2025

*All events are subject to change.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The

Company is managed by a team of experienced industry professionals and is focused on

exploring for economically viable mineral deposits with its primary emphasis on gold, silver and

copper mineral properties of merit. Sitka is currently advancing its 100% owned, 431 square

kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon

Territory. The Company is also advancing the Alpha Gold Project in Nevada and currently has

drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River

Project in Nunavut, all of which are 100% owned by the Company.

*For more detailed information on the Company’s properties please visit our website at

www.sitkagoldcorp.com

The scientific and technical content of this news release has been reviewed and approved by

Gilles Dessureau, P.Geo., V.P. Exploration of the Company, and a Qualified Person (QP) as

defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SITKA GOLD CORP.

“Donald Penner”

President and Director

For more information contact:

Donald Penner

President & Director

778-212-1950

[email protected]

Cor Coe

CEO & Director

604-817-4753

[email protected]

Neither 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.

Cautionary and Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking

information within the meaning of applicable Canadian securities laws. Forward-looking

statements relate to future events or future performance and reflect the expectations or beliefs

of management of the Company regarding future events. Generally, forward-looking statements

and information can be identified by the use of forward-looking terminology such as “intends” or

“anticipates”, or variations of such words and phrases or statements that certain actions, events

or results “may”, “could”, “should”, “would” or “occur”. This information and these statements,

referred to herein as “forward‐looking statements”, are not historical facts, are made as of the

date of this news release and include without limitation, statements regarding discussions of

future plans, estimates and forecasts and statements as to management’s expectations and

intentions and the Company’s anticipated work programs.

These forward‐looking statements involve numerous risks and uncertainties and actual results

might differ materially from results suggested in any forward-looking statements. These risks

and uncertainties include, among other things, market uncertainty and the results of the

Company’s anticipated work programs.

Although management of the Company has attempted to identify important factors that could

cause actual results to differ materially from those contained in forward-looking statements or

forward-looking information, there may be other factors that cause results not to be as

anticipated, estimated or intended. There can be no assurance that such statements will prove

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

in such statements. Accordingly, readers should not place undue reliance on forward-looking

statements and forward-looking information. Readers are cautioned that reliance on such

information may not be appropriate for other purposes. The Company does not undertake to

update any forward-looking statement, forward-looking information or financial out-look that are

incorporated by reference herein, except in accordance with applicable securities laws. We seek

safe harbor.

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