Beauce Gold Fields Inc. announce it has completed an analysis of drill hole data comparing all historical overburden placer channel drill holes, overlaid with the Company's 2021 diamond drill program. The study revealed that the auriferous saprolite unit of the paleoplacer channel on the Beauce Gold property located in St-Simon les Mine, Quebec, is thicker and broader than previously estimated. The drill holes data for analysis was sourced from the Company's 38-hole 2021 diamond drill (DDH) program that drilled the bedrock below the paleoplacer channel, totaling 4,585 meters. Data also included 272 historical overburden drill holes from Beauce Placer Mining Company 1959 churn drill program, churn drilling Coniagas Mines 1985, sonic drilling Geological Survey of Canada (GSC 1985), reverse circulation (RC) drilling Macamic Exploration 1987 and Uragold's 2011 sonic drill program. All five historical overburden drill programs from 1959 to 2011 aimed to test the basal auriferous till unit of the paleoplacer channel for its economic potential. A hole was considered completed after a drill run
through the basal till layer into approximately 1 meter of saprolite. The Company believes that past operators stopped their drill holes prematurely; consequently, results might have been different had they
drilled entirely through the saprolite layer down to solid fresh shale bedrock. An example of this disparity is Macamic's 1987 RC dill hole G80-2 drilled only 0.6 meters in the fractured shales extracting coarse gold valued at 3.6 g/m3. In the Company's 2021 Diamond Drill hole SM-21-30, the saprolite/fractured rock is at least 1.6 vertical meters thick in this area. According to the Company's 2021 Diamond Drill program, the saprolite and the highly fractured and oxidized shale zones developed, on average, over 8.8 meters of vertical depth in the rock. There are places where these zones are more than 18 meters deep.