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SIG.V ·

Sitka Gold to Exhibit at PDAC

Marketing Announcement

NEWS RELEASE

February 27, 2023

NR 23-07

www.sitkagoldcorp.com

Sitka Gold to Exhibit at PDAC

VANCOUVER,

CANADA

–

February

27,

2023:

Sitka

Gold

Corp.

(“Sitka”

or

the

“Company”)

(CSE:SIG)

(FSE:1RF)

(OTCQB:SITKF)

is

pleased

to

announce

that

it

will

be

attending

The

Prospector

and

Developers

Association

Convention

(PDAC)

in

Toronto

during

March

5th

through

March

8th,

2023.

Sitka

will

be

displaying

drill

core

(booth

#3110A;

March

5th

and

6th)

from

its

RC

Gold

Property

in

Yukon

where

an

initial

inferred

gold

resource

of

1.34

million

ounces

was

announced

last

month

(see

news

release

dated

January

19,

2023

;

the

NI

43.101

compliant

report

will

be

issued

within

45

days

of

that

date).

Sitka

will

also

have

a

booth

at

the

Investors

Exchange

(booth

#2346

from

March

5th

through

8th).

The

Company

would

like

to

welcome

all

delegates

to

come

by

the

booths

to

view

the

drill

core,

meet

the

Sitka

team

and

hear

about

Sitka’s

exciting

plans for 2023!

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

currently

has

an

option

to

acquire

a

100%

interest

in

the

RC,

Barney

Ridge,

Clear

Creek

and

OGI

properties

in

the

Yukon

and

the

Burro

Creek

Gold

property

in

Arizona.

Sitka

owns

a

100%

interest

in

its

Alpha

Gold

property

in

Nevada,

its

Mahtin

Gold

property

in

the

Yukon and its Coppermine River project in Nunavut.

Sitka

has

received

all

assay

results

from

its

2022

diamond

drill

program

at

its

RC

Gold

Project

in

the

Yukon

and

announced

a

43-101

compliant

Initial

Mineral

Resource

Estimate

of

1,340,000

ounces

of

gold

beginning

at

surface

and

grading

0.68

g/t

(see

news

release

dated

January

19,

2023)

and

is

currently

planning

a

resource

expansion

diamond drilling program to commence next month ( March, 2023).

Results

from

2022

drilling

at

the

Company’s

Alpha

Gold

Property

in

Nevada

where

a

new

Carlin-type

gold

system

was

recently

discovered

have

all

been

received.

The

Company

is

focused

on

vectoring

towards

the

high-grade

core

of

this

newly

discovered

system

which

is

located

in

the

Cortez

Trend

just

40

km

southeast

of

the

Cortez

Mine

Complex of Barrick/Newmont.

Upcoming Events

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

Swiss Mining Institute Conference, Zurich

: March 21-22,

2023

Dawson Gold Show, Dawson City, Yukon: May 19/20

Takestock Mining Convention, Calgary, AB: July 15, 2023

Precious Metals Summit, Beaver Creek, Colorado:

September

12-15, 2023

All events are subject to change.

The

scientific

and

technical

content

of

this

news

release

has

been

reviewed

and

approved

by

Cor

Coe,

P.Geo.,

Director

and

CEO

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]

or

Cor Coe

CEO & Director

604-817-4753

[email protected]

Cautionary and Forward-Looking Statements

This

news

release

contains

forward-looking

statements

and

forward

looking

information

within

the

meaning

of

applicable

securities

laws.

These

statements

relate

to

future

events

or

future

performance.

All

statements

other

than

statements

of

historical

fact

may

be

forward-looking

statements

or

information.

Forward-looking

statements

and

information

are

often,

but

not

always,

identified

by

the

use

of

words

such

as

“appear”,

“seek”,

“anticipate”,

“plan”,

“continue”,

“estimate”,

“approximate”,

“expect”,

“may”,

“will”,

“project”,

“predict”,

“potential”,

“targeting”,

“intend”,

“could”,

“might”,

“should”,

“believe”,

“would”

and

similar

expressions.

Forward-looking

statements

and

information

are

provided

for

the

purpose

of

providing

information

about

the

current

expectations

and

plans

of

management

of

the

Company

relating

to

the

future.

Readers

are

cautioned

that

reliance

on

such

statements

and

information

may

not

be

appropriate

for

other

purposes,

such

as

making

investment

decisions.

Since

forward-looking

statements

and

information

address

future

events

and

conditions,

by

their

very

nature

they

involve

inherent

risks

and

uncertainties.

Actual

results

could

differ

materially

from

those

currently

anticipated

due

to

a

number

of

factors

and

risks.

These

include,

but

are

not

limited

to,

the

expected

timing

and

terms

of

the

private

placement,

use

of

proceeds,

anticipated

work

program,

required

approvals

in

connection

with

the

work

program

and

the

ability

to

obtain

such

approvals.

Accordingly,

readers

should

not

place

undue

reliance

on

the

forward-looking

statements,

timelines

and

information

contained

in

this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The

forward-looking

statements

and

information

contained

in

this

news

release

are

made

as

of

the

date

of

this

news

release

and

no

undertaking

is

given

to

update

publicly

or

revise

any

forward-looking

statements

or

information,

whether

as

a

result

of

new

information,

future

events

or

otherwise,

unless

so

required

by

applicable

securities

laws

or

the

CSE.

The

forward-looking

statements

or

information

contained

in

this

news

release

are

expressly

qualified by this cautionary statement.

Neither

the

CSE

nor

its

Regulation

Services

Provider

(as

that

term

is

defined

in

the

policies

of

the

CSE)

accepts

responsibility

for

the

adequacy

or

accuracy

of

this

release.

No

stock

exchange,

securities

commission

or

other

regulatory

authority

has

approved

or

disapproved

the information contained herein.