Steppe Gold Files Amended and Restated Technical Report for the Boroo and Ulaanbulag Gold Project

Steppe Gold Files Amended and Restated

Technical Report for the Boroo and Ulaanbulag

Gold Project

Ulaanbaatar, Mongolia--(Newsfile Corp. - June 21, 2024) - Steppe Gold Ltd. (TSX: STGO) ("

Steppe

Gold

" or the "

Company

") announces that as a result of a review by staff of the Ontario Securities

Commission, the Company has filed an amended and restated technical report for the Boroo and

Ulaanbulag Gold Project entitled, "Boroo And Ulaanbulag Gold Project NI 43-101 Technical Report" (the

"

Amended Report

") and is issuing the following news release regarding its disclosure on the Boroo

and Ulaanbulag Gold Project technical report.

The Amended Report addresses comments raised by the Ontario Securities Commission related to the

author of the Amended Report and the associated Certificate of Qualified Person. The Amended Report

also removes references to use the technical report for internal purposes only and restates the mineral

resource and mineral reserve estimates as rounded numbers (as opposed to precise calculations). The

rounding of the mineral resource and mineral reserve estimates to the nearest significant number do not

otherwise alter the results included in the initial technical report that was filed on the Company's profile

on SEDAR+. The Amended Report does not otherwise contain any material revisions.

The Amended Report (effective February 1, 2024 and amended as of June 16, 2024), was prepared in

compliance with National Instrument 43-101 -

Standards for Disclosure of Mineral Projects

. The

Amended Report is available under the Company's profile on SEDAR+ at

www.sedarplus.ca

and on the

Company's website at

www.steppegold.com

.

Steppe Gold Ltd.

Steppe Gold is Mongolia's premier precious metals company.

For Further Information, please contact:

Bataa Tumur-Ochir, CEO and President

Shangri-La office, Suite 1201, Olympic Street

19A, Sukhbaatar District 1,

Ulaanbaatar 14241, Mongolia

Tel: +976 7732 1914

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/213898