STLLR Gold and Tłı̨chǫ Investment Corporation Announce a Solar Farm Installation Agreement at the Colomac Gold Project

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STLLR Gold and Tłı̨chǫ Investment Corporation Announce a Solar Farm

Installation Agreement at the Colomac Gold Project

TORONTO, ONTARIO, May 29, 2024 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or the

“Company”) and the Tłı̨chǫ Investment Corporation (“TIC”), the business arm of the T łı̨chǫ Government, are

pleased to announce funding from the Canadian Northern Economic Development Agency (“ CanNor”) for

C$619,625 to support a two -year project to install a renewable energy generation and storage unit at the

Colomac Gold Project in the Northwest Territories (“NWT”), Canada . The total project cost is C$774,543

including an investment from TIC.

Project activities include the purchase and installation of a solar power generation and storage unit (panels,

inverters, and batteries) and staff training on the unit’s operation and maintenance. TIC has developed a

collaborative and mutually beneficial relationship with Solvest Inc. for the installation phase of the project.

With an estimated life span of 25 years for the solar panels, and 15 years for the batteries, TIC estimates that

STLLR Gold will save approximately 51,000 litres of diesel (equivalent to 138 tonnes of CO₂ emissions), reducing

STLLR Gold’s camp site diesel consumption by 86%.

Keyvan Salehi, President and CEO of STLLR Gold, commented, “Our agreement with TIC to build a solar farm

at the Colomac Gold Project in the NWT further strengthens our partnership with the T łı̨chǫ Nation. The

agreement also demonstrates our commitment to long -term sustainable practices and safeguarding the

ecosystem at Colomac. The solar farm will supply most of our camp’s power requirements, while significantly

reducing operating costs and fuel emissions.”

Paul Gruner, CEO of TIC, comments, “TIC firmly believes that a thriving economy needs strategic investments

and collaborative partnerships to build a sustainable future. This project will contribute to our renewable

energy capacity and will also serve as an exemplary model of sustainable develop ment for the NWT and

Canada as a whole.”

About STLLR Gold

STLLR Gold Inc. (TSX: STLR; OTCQX: STLRF; FSE: O9D) is a Canadian gold development company actively advancing two

cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac

Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-

life and large -scale operation and are surrounded by explorat ion land with favorable upside potential. STLLR’s

experienced management team, with a track record of successfully advancing projects and operating mines, is working

towards rapidly advancing these projects.

Contact Us

STLLR Gold Investor Relations

+1 (416) 863-2105 | [email protected] | www.STLLRgold.com