Exploits Discovery Corp. announced initial results from recent diamond drilling operations at the Company's Bullseye property, located along the Appleton Fault Zone (AFZ) in Central Newfoundland. Results from the initial three drill holes have been received with assay values of up to 254.08 g/t Au over 0.80 m. This newly discovered mineralized zone has been named the Saddle Zone.

The Saddle Zone is located in the vicinity of the Company's hole # BE-23-028, where several clusters of quartz veining were intersected over approximately 18 m of core. Visible gold was observed within a network of quartz veins in drill hole BE-24-015 with best reported assay value of 67.55 g/t Au over 3.30 m, which was drilled northwestwards across the previous path of hole BE-23-028. Highlights Include: BE-24-015: Intersected 67.55 g/t Au over 3.30 m core-length from a swarm of quartz veins where multiple flecks of visible gold were observed, located at a vertical depth of approximately 85 m below surface.

Including 254.08 g/t Au contribution from a 0.80 m sample. Intersected 2.89 g/t Au over 3.55 m core-length, located at a vertical depth of approximately 80 m below surface. Including 15.05 g/t Au contribution from a 0.45 m sample.

BE-23-014: Intersected 53.37 g/t Au over 0.60 m core-length, located at a vertical depth of approximately 141 m below surface. Intersected 32.71 g/t Au over 0.40 m core-length, located at a vertical depth of approximately 164 m below surface. BE-24-013: Intersected 35.82 g/t Au over 0.90 m core-length, located at a vertical depth of approximately 105 m below surface.

Including 78.99 g/t Au contribution from a 0.40 m sample. The Saddle Zone appears to remain open in all directions. Bullseye Gold Property: The Bullseye claims were staked by Exploits in September 2022 and are contiguous to New Found Gold Corp.'s Queensway project.

The claims are considered by the Company's geologists to be highly prospective because they directly overlay a 1,200 by 800 m segment of the AFZ and its related splay structures. Quality Assurance - Quality Control (QA/QC) All prospective NQ core is logged and delineated for sampling by an Exploits' professional geologist. The core is subsequently halved by a diamond-bladed core saw by the Company's technicians with one half being placed in a bag with a unique sample identification.

The remaining half core is retained within the Company's secure storage facility in Gander, NL. Sample bags are sealed and then shipped directly to Eastern Analytical Ltd. Certified standards and blanks are inserted at defined intervals following the Company's QA/QC documented procedures, representing approximately 5% of all samples sent for assaying. All core samples are currently analyzed at Eastern Analytical Ltd. of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits.

Samples are analyzed using fire assay (30g) with AA finish (Au-FAA 30 ppb process) and/or a four-acid digestion followed by multi-element ICP-OES analysis. All samples with visible gold or assaying above 10.0 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Metallic screen assays are reported as Weighted Averaged ppb directly calculated from the lab.