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American Pacific Mining Samples 59.45 Grams Per Tonne Gold at Tuscarora Gold Project in Nevada

Drill Results

NEWS RELEASE

American Pacific Mining Samples 59.45 Grams Per

Tonne Gold at Tuscarora Gold Project in Nevada

Vancouver, British Columbia / J uly 26, 2021 - American Pacific Mining Corp (CSE: USGD / OTCQB:

USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to announce that it has recently

sampled up to 59.45 grams per tonne (g/t) gold at its Tuscarora Gold Project.

The Tuscarora Gold Project is a high -grade, gold project located in a prime precious metal district in Nevada,

USA, only 35km northeast of the Carlin trend, 20km southwest of the +9.5 million ounce gold producing Jerritt

Canyon deposit, and 50km east -northeast of the Midas Deposit which yielded approximately 2.5 million ounces

of gold and 30 million ounces of silver . Mining of high -grade gold and silver ores and placers began in the

Tuscarora District in the late 1800's. The Dexter gold mine, which has veins that project into the Tuscarora property

land package, located south of town and north of the project, produced approximately 40,000 ounces of gold and

100,000 ounce s of silver in the mid 1980’s. More information can be found

at: https://americanpacific.ca/projects/tuscarora/

Samples TU-ES21-050 and TU-ES21-051 both showed strong gold numbers with TU-ES21-051 returning a value

of 1.73 ounce per ton gold (59.45 grams/tonne) and the TU-ES21-050 returning a value of 0.11oz/ton gold (3.77

grams/tonne).

“The 59.45 g/t gold value from a quartz/adularia vein is the highest grade sample I have collected from the property

to date,” states American Pacific President Eric Saderholm. “These samples further illustrate the strength and grade

of this series of vein systems. It is worth noting that the South Navajo Vein is but one of at least 10 veins that

project onto our Tuscarora Gold Project.”

Table 1: Summary of significant historical drilling intersections

APM (2018)

Hole ID From (m) To (m) Length (m) * Au (g/t) ** Ag (g/t) ** Zone

TN-38 150.88 155.45 4.57 127.08 6.53 South Navajo

Including 152.40 153.92 1.52 368.31 3.60 South Navajo

TN-54 210.31 211.84 1.53 51.06 102.90 South Navajo

TNC-02 50.29 51.82 1.53 27.61 11.20 South Navajo

TN-52 150.88 152.40 1.52 13.55 5.40 South Navajo

TN-19 170.69 172.21 1.52 13.00 1.00 South Navajo

16TSRC-006 153.92 155.45 1.53 11.48 11.90 South Navajo

TN-24 108.20 109.73 1.53 9.33 1.00 South Navajo

16TSRC-002 158.50 161.54 3.04 9.13 9.07 South Navajo

Including 158.50 160.02 1.52 13.86 50.00 South Navajo

TN-38 211.84 213.36 1.52 8.75 0.10 South Navajo

FTC-02 174.35 174.65 0.30 8.57 16.11 South Navajo

16TSRC-010 85.34 88.39 3.05 7.78 6.07 South Navajo

TN-24 137.16 138.68 1.52 7.20 3.60 South Navajo

TN-19 134.11 135.64 1.53 7.00 0.40 South Navajo

16TSRC-001 167.64 169.16 1.52 6.91 6.89 South Navajo

TN-36 179.83 182.88 3.05 6.15 1.88 South Navajo

TNC-03 173.74 175.26 1.52 5.32 1.90 South Navajo

TN-40 179.83 181.36 1.53 5.30 2.70 South Navajo

16TSRC-004 62.48 64.01 1.53 5.00 5.07 South Navajo

TN-22 51.82 53.34 1.52 4.62 0.80 South Navajo

16TSRC-002 190.50 192.02 1.52 4.54 4.93 South Navajo

TN-41 204.22 205.74 1.52 4.06 0.80 South Navajo

TN-57 79.25 80.77 1.52 52.37 366.90 East Pediment

TN-63 117.35 118.87 1.52 4.14 0.60 East Pediment

Notes:

* Length (m) represents sampling length downhole. True width of the intersection is

unknown but assumed to be less than the reported length.

** Reported grades assume 100-per-cent metallurgical recovery.

*** Intervals were selected and composited based on 4 g/t Au cut-off value.

A full list of drill intercepts can be reviewed at our 43-101 filed in April 2020 Technical Report Tuscarora

Property Elco County Nevada USA (americanpacific.ca)

Map 1: Tuscarora Property

American Pacific is working on 3D modeling and data review at Tuscarora in advance of additional drilling and

will provide an update on timing in Q4 2021.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Phil Mulholland, 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]

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.