Felix Gold Limited advised that infill drilling has commenced at the NW Array Southern Zone Exploration Target (ET) within its flagship Treasure Creek Gold-Antimony Project in the Fairbanks District of Alaska, U.S. Felix's key objective for the 2023 field season is to advance the geological confidence of the NW Array Southern Zone to enable delineation of a maiden JORC-compliant Mineral Resource. The initial 2023 drill campaigns have commenced with the mobilisation and set up of the first drill hole by Midnight Sun Drilling (Felix drill service provider). This program entails 40 shallow Reverse Circulation (RC) drill holes, for approximately 3,500m.

Drill holes are designed as step-out holes from some of the top intercepts returned from the 2022 drill program. Additionally, drilling will expand and infill between areas with significant past results ultimately confirming both shallow (~50m depth) and deeper mineralisation (~150m) along modelled faults. Results to date evident a thick, shallow gold deposit of robust open pit tenor, and the mineralisation remains open in multiple directions and at depth.

Felix is planning and budgeting its drilling to have a 4-step prioritisation structure: Test around holes 22TCRC008 (90m @ 1.20 g/t Au from 32m incl 60m @ 1.60 g/t Au from 42m) and 22TCRC078 (90m @ 0.97 g/t Au from 45.7m incl 41.1m @ 1.72 g/t Au from 59.4m) of which were the most significant downhole widths of mineralisation thus far. Test the validity of historical workings to the West of the ET. Infill locations of which the ET needs more information.

Expand the ET to the North. Felix is using on site lithological interpretation (logging), geochemical data from handheld XRF to facilitate "near real time" understanding of mineralized zones to optimize drill hole completion and prioritization of upcoming drill holes within the Exploration Target drill area. The program is expected to take five weeks to complete by early July.

Batches of one hundred samples will be dispatched twice a week to the lab for preparation and assay. Turn around time for the receipt of assay results is expected to be 5-6 weeks with initial assay results reported from mid-July.