Norse GOLD Corp. Comments ON Prior Technical Disclosure
NORSE GOLD CORP.
Vancouver, B.C., Canada www.norse-gold.com
NEX Symbol: VKG.H February 28, 2023
NEWS RELEASE
NORSE GOLD CORP. COMMENTS
ON PRIOR TECHNICAL DISCLOSURE
Norse Gold Corp. (the "Corporation") notes that its January 2021 investor presentation contained certain
estimates that were erroneously referred to as potential resources. The Corporation would like to clarify
that it does not have mineral resources on its Morris Lake Property (the “Property”) in the NWT. Investors
should not rely on information in the Corporation’s January 2021 Presentation. The Qualified Person has
not been able to verify information on mineralization on properties adjacent to the Property and there is no
guarantee that similar mineralization will be found on the Corporation ’s property. The Qualified Person
has reviewed results of previous drilling on the Property and found that quality control and quality assurance
protocols were not consistent with today’s best practices, consequently investors should not rely on the
previous drill results. Drill core from the past drilling is not accessible for verification by re-logging or
resampling. The Corporation will prepare an u pdated technical report restating previously disclosed
technical information as well as technical information concerning past work on the Property that has since
been retrieved, and its value in developing targets that warrant further work in the opinion of the Qualified
Person.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Carl Verley, Norse Gold Corp.
President and Chief Executive Officer
Phone: (604) 616-8299
Jeff Sheppard, Norse Gold Corp.
Chief Financial Officer
Phone: (306) 653-2692
About the Company
Norse Gold's main asset is it 100% interest in the 3,231-hectare Morris Lake Property, consisting of seven
claims and three leases, 75 km north of Yellowknife. Gold on the property was discovered in 1945. Work
conducted at the Viking zone included underground test wo rk and diamond drilling. The Property saw
additional drilling during the late 1980 's and again during the period 2005 to 2008 when Viking Gold
Exploration Inc. held the claims 1. Other gold zones have been located on the property, such as at the
Greenlee and Lucky Lake occurrences. Each of these received initial drill testing in the 1940 's and visible
gold was reported in some of the drill holes2. The geological model for the gold mineralization is that of an
Archean lode gold deposit consisting of high-grade shoots within a shear-vein system.
Carl Verley, B.Sc., P.Geo., a Director of the Corporation is the qualified person (QP) as defined by the
National Instrument 43-101, has prepared the technical information in this release.
1 Wilton, D., 2018: NI 42-101 Technical Report on the Yellowknife Gold Project, Northwest Territories, Canada, for
Troy Energy Corp. and filed on SEDAR.
2 Tremblay, L.P., 1952. Giauque Lake Map-Area, Northwest Territories. Geological Survey of Canada Memoir 266,
74p.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein
constitutes forward -looking statemen ts. Forward -looking statements are based on the opinions and
estimates of management at the date the statements are made and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ material ly from those
projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-
looking statements if circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange (nor NEX) nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange and NEX ) accepts responsibility for the adequacy or
accuracy of the release.