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VKG.V ·

Norse GOLD Corp. Files Technical Report ON Its Yellowknife GOLD Project

Technical Reports (NI 43-101)

NORSE GOLD CORP.

Vancouver, B.C., Canada

NEX Symbol: VKG.H December 14, 2023

NEWS RELEASE

NORSE GOLD CORP. FILES TECHNICAL REPORT ON ITS

YELLOWKNIFE GOLD PROJECT

Norse Gold Corp. (the "Corporation") has received an u pdated technical report restating previously

disclosed technical information, as well as technical information concerning past work on the Yellowknife

Gold Project, and providing updated recommendations for further work on the Project.

The report was prepared by David Webb, Ph.D., P.Geo. and Derrick Stickland, P.Geo. Recommendations

consist of property wide prospecting and geological mapping as well as sawcut channel sampling of altered

and veined areas within and adjacent to the metavolcanics sequences . In addition, particular attention is

recommended to be paid to weak conductors as outlined by the results of the 2006 Fugro airborne

geophysical survey. Estimated cost of the recommended work is $212,070.

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 its 100% interest in the 3,231-hectare Morris Lake Property, consisting of seven

contiguous 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 work 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. 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 holes. The geological model for the gold mineralization is that

of an Archean lode gold deposit consisting of gold-bearing shoots within a shear-vein system.

Carl Verley, 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.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein

constitutes forward -looking statements. 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 materially 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.