American Pacific Mining Recaps 2019 and 2020 Drill Results from the Madison Copper Gold Project

NEWS RELEASE

American Pacific Mining Recaps 2019 and 2020

Drill Results from the Madison Copper Gold Project

Vancouver, British Columbia / July 20, 2021 - American Pacific Mining Corp (CSE: USGD / FWB: 1QC /

OTCQB: USGDF) (“American Pacific” or the “Company”) is pleased to recap the recently compiled results

from the 2019 and 2020 drilling programs conducted by Kennecott Exploration Company (“ Kennecott”) on the

Company’s Madison Copper Gold Project (the “ Madison Project ”), located in Montana, USA. The Madison

Project encompasses a historical mining district and past producer in western Montana, USA.

The Company’s wholly owned Madison Project is currently under an earn -in with an option to joint venture

agreement, whereby Kennecott, part of the Rio Tinto Group, may spend $30 million USD to earn up to 70% (see

news release dated June 26, 2020).

“These drill results from the 2019 and 2020 campaigns encountered a variety of styles of mineralization including

jasperoids, veins and skarns, all of which can contain strong copper and gold values ,” states Eric Saderholm,

President of American Pacific. “ The 2021 drilling and exploration program is currently in progress at Madison

with a diamond drill and crews on-site. Mineralization continues to be open down-plunge and lateral to modelled

mineral bodies. Our joint venture partners, the Rio Tinto Group, h ave developed an innovative and unique

structural interpretation at Madison and several planned holes will test these theories.”

The 2019 drill program consisted of fourteen diamond drill holes totaling 4,013.93 m. Drill holes MADN0001 to

MADN0006 targeted Porphyry style mineralization and drill holes MADN0007 to MADN0014 targeted the down

dip and easterly strike extension to the known Madison Skarn mineralization.

The 2020 drilling program consisted of nine diamond drill holes totaling 2012.44 m, which mai nly targeted

extensions of skarn and associated jasperoid mineralization. Significant intervals from both the 2019 and 2020

drill holes are listed in Table 1 below.

Click the following link to view the latest drill results and highlighted historical results in 3D:

https://americanpacific.ca/projects/madison/madison-copper-gold-3d-model-for-2019-2020-drilling/

Table 1: 2019 and 2020 Significant Drill Results from the Madison Project

HOLE ID

FROM TO Interval

(m) Ag g/t Au g/t Cu % (m) (m)

MADN0001 256.86 258.86 2.00 7.88 0.04 0.50

MADN0004 84.17 85.28 1.11 0.17 1.04 0.02

MADN0004 349.00 352.00 3.00 0.08 1.25 0.00

MADN0007 83.50 85.82 2.32 2.19 1.06 0.76

MADN0010 151.61 226.00 74.39 2.12 1.16 0.06

including 151.61 179.98 28.37 4.01 2.27 0.10

or 151.61 155.07 3.46 4.43 17.71 0.18

and 208.00 226.00 18.00 1.85 1.06 0.07

MADN0011 182.00 184.54 2.54 44.50 1.42 2.41

MADN0012 139.00 142.00 3.00 1.36 1.72 0.02

MADN0013 203.00 206.08 3.08 4.91

MADN0014 183.00 186.00 3.00 1.16 0.91 0.12

MADN0017 100.51 144.17 43.66 0.34 1.09

including 125.89 144.17 18.28 0.49 2.18

including 138.00 144.17 6.17 0.57 3.98

including 138.00 139.50 1.50 0.96 11.60

including 142.50 144.17 1.67 0.883 4.130

MADN0021 222.81 246.42 23.61 3.45 5.17 2.19

including 225.80 240.50 14.70 3.95 0.15 3.10

MADN0021 244.70 246.42 1.72 4.61 69.40 0.42

MADN0022 217.72 232.00 14.28 0.54 0.98

including 220.50 232.00 11.50 0.55 1.09

Figure 1 – Planimetric map showing 2019 – 2020 drilling, significant intercept locations and copper mineralization.

Figure 2 – Long section showing 2019 – 2020 highlighted intercepts and gradeshell interpolation for copper.

Figure 3 – Long section showing 2019 – 2020 highlighted intercepts and gradeshell interpolation for copper

• g/t = grams per metric tonne

• m = meters

• Interval lengths are reported as downhole lengths. True width of mineralization has not been determined.

Drill holes MADN0002, MADN0003, MADN0005, MADN0006, MADN0008, MADN009, MADN015,

MADN016, MADN018, MADN019, MADN020, MADN023 did not return significant assay values and have not

been included in Table 1.

Table 2: Additional Historical Drill Highlights from the Madison Project

Hole ID Thickness

(m)

Au g/t Cu %

UG17-05 30.18 24.50 0.39

UG17-06 10.97 41.65 0.38

UG17-06 including 4.60 82.87 Not significant

86-6 7.31 25.75 Not significant

C05-06 14.69 12.10 Not significant

C05-06 61.63 Not significant 6.97

C05-06 including 8.47 Not significant 40.03

C06-08 84.70 Not significant 1.89

C06-08 2.70 41.73 19.58

For fu rther context and additional historic drilling results, please consult the technical report for the Madison

Project dated effective February 22, 2019, which was prepared in accordance with National Instrument 43 -101

- Standards for Disclosure for Mineral Projects (“NI 43-101”) which is available on the Company’s website:

https://americanpacific.ca/site/assets/files/3775/2019-03-04_brd_ni_43-101_report.pdf

(see also http://broadwaymining.com/projects/current-exploration/).

Table 3: 2019 and 2020 Drill Hole Locations, Madison Project

HOLE ID East North Elevation Depth Year

MADN0001 398138 5059969 1501.97 470.91 2019

MADN0002 395992.7 5059788 1814.26 532.18 2019

MADN0003 396291 5061199 1732.00 44.19 2019

MADN0004 396291 5061198 1732.00 403.40 2019

MADN0005 396908 5061047 1686.00 467.86 2019

MADN0006 398405 5060289 1531.80 527.30 2019

MADN0007 397624 5061132 1615.15 117.50 2019

MADN0008 397623.6 5061131 1615.15 162.15 2019

MADN0009 397623.6 5061131 1615.15 151.09 2019

MADN0010 397542 5061111 1617.54 254.51 2019

MADN0011 397542 5061111 1617.54 218.69 2019

MADN0012 397542 5061111 1617.54 181.66 2019

MADN0013 397542 5061111 1617.54 272.18 2019

MADN0014 397542 5061111 1617.54 207.26 2019

MADN0015 397306 5061183 1614.24 350.21 2020

MADN0016 397491 5061217 1607.90 239.87 2020

MADN0017 397490 5061219 1607.90 199.95 2020

MADN0018 397489 5061220 1607.90 260.00 2020

MADN0019 397498 5060939 1626.24 138.99 2020

MADN0020 397360.1 5061328 1638.20 51.21 2020

MADN0021 397360 5061328 1638.20 301.14 2020

MADN0022 397306 5061184 1614.90 312.57 2020

MADN0023 397705 5060757 1613.18 158.50 2020

• Projection: UTM Nad83 Zone 12

Sampling, Laboratory and Quality Assurance/Quality Control Program

All drill core was logged and photographed prior to sample selection. Selected sample intervals honor lithological

and visible sulfide boundaries and split in half along the core axis with a diamond saw. Half -core samples were

submitted to ALS Laboratories in Elko, Nevada, USA (17025 accredited), for preparation and analysis. Drill core

samples were analyzed for 48 elements by four -acid digestion of a 0.25 -gram sample followed by an ICP -MS

(inductively coupled plasma mass spectroscopy) finish. Gold (Au) was also analyzed by fire assay of a 30 -gram

sample followed by an ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish.

As part of the Rio Tinto Exploration quality assurance/quality control (QA/QC) program, independently certified

control samples (standard and blank pulp samples), coarse blank samples and core duplicate samples were inserted

into the sample stream in each analytical batch. The control sample results are monitored to ensure proper QA/QC.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Phil Mullholland, P.Geo and Eric

Saderholm, P.Geo., the designated Qualified Persons (QP) under NI 43-101.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western United States. The

Company's flagship asset is the high-grade, past-producing Madison Copper-Gold project in Montana, under option to joint

venture with Kennecott Exploration Company, a division of the Rio Tinto Group, which the Company acquired in 2020. For

this transaction, American Pacific has been selected as a finalist in the S&P Global Platts Global Metals Awards, an annual

program that recognizes exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category

in which American Pacific Mining is competing. The awards program is hosted by S&P Global Platts, the leading independent

provider of information and benchmark prices for the commodities and energy markets. Also in the American Pacific's asset

portfolio are the Gooseberry Gold -Silver project and the Tuscarora Gold project: two high -grade, precious metals projects

located in key mining districts of Nevada, USA. The Company’s mission is to grow by the drill bit and by acquisition.

On Behalf of the Board of American Pacific Mining Corp.

“Warwick Smith”

CEO & Director

Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695 / [email protected]

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