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American Pacific Mining Reports High-Grade Samples up to 205 g/t Gold and 209 g/t Silver at the Tuscarora Project in Nevada, USA

Drill Results Sampling & Geoscience Results

NEWS RELEASE

American Pacific Mining Reports High-Grade Samples up to 205 g/t Gold and 209 g/t Silver at

the Tuscarora Project in Nevada, USA

Vancouver, British Columbia / May 24, 2022 - American Pacific Mining Corp (CSE: USGD /

OTCQX: USGDF / FWB: 1QC) (“American Pacific” or “the Company”) is pleased to report high-

grade assays from a recent rock chip sampling program at the Tuscarora Project in Elko County, Nevada.

A total of 22 rock samples were collected during the Phase I program on the claims acquired from Ubica

Gold Corp. in 2021 (see September 15, 2021 news release). Of the 22 samples, 7 were below detection

limits for gold (“Au”) and silver (“Ag”). The remaining results are shown in Table 1.

The highest-grade sample, 205.83 g/t Au, is located near the Repo Vein target. American Pacific began

drilling this target on May 22, 2022.

Table 1. Sample Assays Highlights

Figure 1. Tuscarora Claim Map Showing Highlight Samples

“We have received first sample assays from our 2022 Tuscarora exploration program. The sample grades

further confirm the high -grade nature of the veins in the district ,” stated President, Eric Saderholm.

“Sample TSZH -19, collected from a previously untested area, is of particular interest to us since it

contains both strong gold and silver values as the systems become both silver and gold-enriched moving

north into the claim block we acquired in 2021. Based on these high values, we have moved the drill rig

onto the recently constructed pads to test this promising new Repo Vein. We look forward to releasing

first 2022 drill results shortly.”

Qualified Persons

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

designated Qualified Persons (QP) under National Instrument 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

was 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 competed. 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 Silver-Gold project

and the Tuscarora Gold -Silver 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]

The CSE has neither approved nor disapproved the contents of this news release. 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.