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MLK Gold Acquires Additional Claims

Mergers & Acquisitions

MLK Gold Ltd..

59 Payzant Dr.

Wolfville, NS B0N 2T0

Tel.: 902.448.0716

News Release: 22-02

MLK GOLD ACUIRES ADDITIONAL CLAIMS

February 2 3, 2022 - Windsor, Nova Scotia; MLK Gold Ltd. (CSE:MLK) ( “MLK” or the “Company”) is

pleased to announce that it has entered into a purchase agreement of today ’s date with a group of

arm’s length parties to acquire certain mineral claims adjoining the Company ’s Caledonia Brook

property located in Newfoundland and Labrador.

As consideration fo r the claims, the Company will issue an aggregate of 15,000 common shares, which

shares will be subject to a 12 month contractual hold period as well as applicable resale restrictions

under Canadian securities laws , and will grant a 1% net smelter return royalty o ver the claims, half of

which may be repurchased by the Company at any time for payment of $250,000 in cash.

ON BEHALF OF THE BOARD OF DIRECTORS

s/“Paul K. Smith”

About MLK Gold Ltd.

MLK Gold Ltd. is a Canadian junior exploration company operating in e astern Canada. MLK’s current

projects are located in No va Scotia and the island Newfoundland and include : a 100% interest in t he

Highfield project, located in Nova S cotia, a 100% in terest in the M anuels project, located in

Newfoundland and a 100% interest in the Caledonia Brook project, also located in Newfoundland.

For additional information, please contact:

Paul K. Smith, President & CEO

MLK GOLD LTD.

Phone: (902) 448-0716

Email: [email protected]

Forward-Looking Statements

This news release contains certain forward-looking statements, including statements regarding the expected

trading date. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend",

MLK Gold Ltd..

59 Payzant Dr.

Wolfville, NS B0N 2T0

Tel.: 902.448.0716

"anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words,

or similar words or phrases, have been used to identify these forward-looking statements. These statements

reflect management's current beliefs and are based on information currently available to management as at

the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause

actual results, performance or achievements to differ materially from the results discussed or implied in the

forward-looking statements. These factors should be considered carefully and readers should not place undue

reliance on the forward-looking statements. Although the forward-looking statements contained in this news

release are based upon what management believes to be reasonable assumptions, the Company cannot

assure readers that actual results will be consistent with these forward-looking statements. The Company

assumes no obligation to update or revise them to reflect new events or circumstances, except as required by

law.

Neither the Canadian Securities Exchange (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.