SIG.V · 2025-02-20 12:00:00

Sitka Begins 30,000 Metre Diamond Drilling Program at Its Flagship Rc GOLD Project, Yukon

Exploration Programs

NEWS RELEASE

February 20, 2025

NR 25-04

www.sitkagoldcorp.com

SITKA BEGINS 30,000 METRE DIAMOND DRILLING

PROGRAM AT ITS FLAGSHIP RC GOLD PROJECT,

YUKON

● Fully funded 30,000 metre drill program initiated at RC Gold with approximately 15,000

metres allocated to expanding and further defining the wide-open Blackjack gold deposit

along with additional drilling at the Saddle target and wide-open Eiger gold deposit

● 15,000 metres allocated to follow up drilling at the Rhosgobel and Pukelman discoveries

and to test additional drill ready targets within the Clear Creek Intrusive Complex

VANCOUVER, CANADA – February 20, 2025: Sitka Gold Corp. (“Sitka” or the “Company”)

(TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce that it has commenced its

2025 diamond drilling program at its road accessible, 100% owned RC Gold Project (“RC Gold”

or the “Project”) located in the prolific Tombstone Gold Belt in Yukon. The primary focus of the

planned 30,000 metre drilling program at RC Gold this year will be to continue expanding the

Blackjack gold deposit, which remains open in all directions, and further test gold mineralization

within the Clear Creek Intrusive Complex (CCIC), including at the Eiger gold deposit, which also

remains open in all directions, and at the Saddle, Rhosgobel, Contact and Pukelman targets

(see Figure 1).

“We are very excited to be back at RC Gold with an early start for what will be our largest drilling

campaign to date,” said Cor Coe, Director and CEO of Sitka Gold. “Following up on the

substantial progress of 2024, the 30,000 metres of diamond drilling planned this year will more

than double the total amount of drilling we have completed at RC Gold to date. At Blackjack,

drilling will focus on expanding the relatively high-grade gold deposit which begins at surface,

remains open in all directions and currently hosts an indicated resource of 1.3 million ounces

at 1.01 g/t gold and an inferred resource of 1.04 million ounces at 0.93 g/t gold (see news

release dated January 21, 2025). Drilling will also focus on other high-priority targets within the

Clear Creek Intrusive Complex, including at Rhosgobel, where the first ever diamond drill holes

completed last year discovered up to 119.0 m of 1.05 g/t gold including 37.9 m of 2.05 g/t gold

and 11.5 m of 4.32 g/t gold, and at Pukelman where initial diamond drilling discovered robust

intrusion related gold mineralization is present similar to that observed at the Blackjack deposit.

With this fully funded drill campaign now underway, we look forward to rapidly advancing RC

Gold this year as we push to further unlock the value of this impressive gold system.”

2025 Exploration Plans

Blackjack - Saddle - Eiger

Of the 30,000 metres of diamond drilling planned at RC Gold this year, approximately 15,000

metres will be dedicated to drilling within the Blackjack-Saddle-Eiger zone (see Figures 1 and

2). Drilling this winter will be aimed at laterally expanding the wide-open Blackjack gold deposit

and further delineating the higher-grade zone discovered at depth in Hole 68 late last year (see

news release dated October 21, 2024). The results from Hole 68 returned the best gold intervals

discovered to date at Blackjack, with a 678.1 metres interval of 1.04 g/t gold returned from

surface which contained numerous higher grade intervals, the most significant being 93.0

metres of 2.57 g/t gold from 589.5 metres. The highest grade intersection returned from the

hole was 5.5 metres of 17.59 g/t gold from 598.5 metres, including 1.5 metres of 54.80 g/t

gold, suggesting that gold mineralization is getting stronger at depth in the Blackjack system.

This focus will continue through the summer drilling phase along with expansion drilling at the

Eiger gold deposit, which currently hosts a 440,000 ounce gold resource that is open in all

directions(1), and drill testing at the Saddle target area, which has the largest and strongest

gold-in-soil anomaly within the Clear Creek Intrusive Complex area (see Figure 1). While the

majority of the recent drilling efforts have been focused on the Blackjack deposit area, the

potential to significantly expand and further delineate the Eiger deposit, located approximately 2

kilometres to the east, has always been a goal of the Company and this year Sitka has the

resources to push that agenda. The Saddle zone, located between Blackjack and Eiger, is

another high-priority target where surface sampling and drill testing have shown there is

potential to link gold mineralization between Blackjack and Eiger. Drill testing at the Saddle

target in 2023 returned strong gold intercepts including 84.0 m of 1.21 g/t gold from surface in

DDRCCC-23-054 which included 4.0 m of 5.12 g/t Au and 51.1 m of 1.52 g/t Au (see news

release dated October 30, 2023). Drilling on the eastern periphery of the Blackjack deposit has

also returned some significant gold intercepts with DDRCCC-23-046 intersecting 56.0 m of 1.23

g/t Au from 134.0 m and a separate interval of 38.2 m of 4.15 g/t Au from 320.8 m that

included 4.3 m of 33.10 g/t Au from 326.1 m and 1.2 m of 108.00 g/t Au from 327.8 m (see

news release dated September 11, 2023). These results highlight the potential for robust gold

mineralization to continue east of the Blackjack deposit, through the Saddle target and towards

the Eiger gold deposit and the Company plans to aggressively drill across this area during the

summer field season.

Rhosgobel-Pukelman

The remaining 15,000 metres of this year’s drilling program is assigned to follow up drilling at

the Rhosgobel and Pukelman intrusion targets. In late 2024, the Company completed the first

ever diamond drill holes at Rhosgobel which significantly increased the depth of known gold

mineralization at the target area with gold mineralization now extending from surface to a depth

of at least 300 metres. Two holes were completed and returned multiple observations of visible

gold and impressive intervals of strong gold mineralization with assays of up to 119.0 m of 1.05

g/t gold including 37.9 m of 2.05 g/t gold and 11.5 m of 4.32 g/t gold (see news release

dated November 25, 2024). Mineralization is open in all directions at Rhosgobel where a large

1.5 km x 2 km gold-in-soil surface signature has also been defined and gold mineralization has

been confirmed with historic shallow drilling (< 70 m in depth), further highlighting the potential

for this target to host a gold deposit of significant size and grade.

The first diamond drill holes ever completed at the Pukelman target last year also confirmed that

this intrusion hosts robust gold mineralization similar to that observed at the Blackjack deposit

2.5 kilometres to the north (see news release dated January 7, 2025). These drill holes were

collared approximately 500 m north of the Contact Zone at the northern periphery of the target

area. Historic drilling at the Contact Zone has returned some impressive gold intercepts,

including up to 10.7 m of 20.46 g/t gold in CC10-02. Surface sampling completed by Sitka last

year also significantly expanded the gold-in-soil anomaly that outlines the target area produced

strong gold values within the target area where rock samples returned up to 67.90 g/t gold

further showcasing the potential of this target to host another multi-million ounce gold deposit

similar to Blackjack (see news release dated October 21, 2024). Drilling this year will follow up

on these impressive results.

Additional drilling and exploration is also proposed this year at other drill-ready, high priority

target areas within the CCIC, including at the Bear Paw Breccia and at the Barney, Josephine

and Big Creek stocks (see Figure 1).

(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District,

Yukon Territory

Figure 1 – Plan map showing the multiple high-priority target areas within the Clear Creek

Intrusive Complex. 30,000 metres of drilling is planned in this area for 2025 with a proposed

allocation of approximately 15,000 metres across the Blackjack – Eiger target area, 10,000

metres at Rhosgobel – Bear Paw and 5,000 metres at Pukelman/Contact Zone. Drill targets

have also been defined at the Barney, Josephine and Big Creek Stocks.

Figure 2 – Long Section showing target areas from the Blackjack deposit to the Rhosgobel

target and the proposed drilling allocated as part of the 30,000 metre diamond drilling program

planned for 2025.

About the flagship RC Gold Project

The 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 prepared in accordance with

National Instrument 43-101 (“NI 43-101”) guidelines that are contained in two zones: the

Blackjack and Eiger gold deposits with 1,291,000 ounces of gold grading 1.01 g/t gold in an

indicated category and 1,044,000 ounces of gold grading 0.94 g/t in an inferred category

at Blackjack and 440,000 ounces of gold grading 0.50 g/t gold in an inferred category at

Eiger. Both of these deposits are at/near 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). The Mineral Resource Estimate is presented in the following table:

Current pit-constrained gold resources at the RC Gold Project*

Deposit

Gold Cut-off Mineral Resource

Tonnes (000's)

(g/t Au)