Gladiator Metals Corp. provided an update to its ongoing data compilation over the Whitehorse Copper Project with the identification of significant widths of unmined, Copper-Gold skarns over more than 700m of strike at the historic Little Chief mine trend. The former Little Chief mining trend is the largest historically producing Mine in the Whitehorse Copper Belt with a total mined production of approximately 8.54 million tonnes grading > l.5% copper and 0.75g/t gold (Watson, 1984).

Production from the Little Chief Open Cut Mine commenced in May 1967, with mining of the Open Cut completed in 1969. Underground mining development commenced in 1971 and ceased operation in 1982 due to the prevailingly low copper price environment. On review, Gladiator has identified down dip potential for the mineralization to continue, where little or no drilling has been completed to date and mineralization remains open.

Gladiator has recently completed collating historic drilling for the Little Chief historical production area. Supporting this work, the Company has completed a LIDAR survey and undertaken reconnaissance, prospecting and sampling of outcropping Cu-Au skarn mineralization proximal to the historic Little Chief underground and open cut mine. From this, the Company has confirmed the existence of significant mineralization that was drilled initially from the decline constructed to access the former Little Chief underground mine, with further drilling being undertaken prior to the mine closure in 1982.

This was supported by David Tenney (1981), who reported remaining underground reserves at Little chief and Middle Chief). The recently collated historical drilling data has identified a significant, a greater than 200m long body of shallow mineralization (120m below surface), located underneath the decline and to the north of the Little Chief Open pit and underground mine, named the Middle Chief mineralization. This mineralization appears to remain intact with drilling completed to date being limited in scope and size and has not closed off the unmined high grade copper skarn mineralization at Middle Chief.

Further drilling is also planned to test the extent of remnant mineralization from the Little Chief orebody that remains open along strike and down dip. The recently collated historic drilling (628 Underground holes LCU-001-619, BC2490-1-2, BC2500-1-2 and 166 Surface holes LC-001-121, MC-001-014, XLC-001-028 & BCF-001-006) & D-001-4 for 68,940 metres) none of which had been previously reported by the Company, highlighted significant mineralization that potentially remains intact, this includes the following drill holes from Middle Chief that have been collared underground: LCU-003: 53.56m @ 1.23% Cu from 88.54m; LCU-009: 49.83m @ 3.06% Cu from 70.26m; LCU-013 23.01m @ 2.07% Cu from 87.78m; LCU-017: 54.10m @ 2.05% Cu from 77.42m; LCU-023: 33.99m @ 2.10% Cu from 148.89m,; Incl. 15.24m @ 3.26%Cu from 167.64m; LCU-151: 32.92m @ 2.08% Cu from 86.87m; LCU-371: 9.30m @ 4.73% Cu from 0m; LCU-500: 22.52m @ 2.23% Cu from 79.86m; LCU-503: 32.22m @ 2.11% Cu from 83.91m, Incl.

17.07m @ 3.47% Cu from 99.06m; LCU-528: 30.85m @ 1.68% Cu from 18.68m, Incl.22.47m @ 2.06% Cu from 18.68m; LCU-542: 28.04m @ 1.84% Cu from 91.14m, Incl. 19.81m @ 2.35% Cu 96.32m; LCU-543: 13.72m @ 1.28% Cu from 66.14m and 41.15m @ 2.22% Cu from 87.48m; LCU-550: 37.49m @ 1.90% Cu from 74.68m; LCU-551: 24.9m @ 2.27% Cu from 93.97m; LCU-571: 11.06m @ 3.79% Cu from 89.37m; LCU-578; 30.17m @ 1.97% Cu from 31.09m; LCU-580: 24.14m @ 1.86% Cu from 45.96m, Incl. 21.10m @ 2.00% Cu from 45.96m; LCU-604: 26.21m @ 1.86% Cu from 16.46m; LCU-610: 50.99m @ 1.87% Cu from 18.11m, Incl.

39.84m @ 2.19% Cu from 23.16mm; LCU-614: 38.22m @ 1.39% Cu from 10.24m, Incl. 32.13m @ 1.53% Cu from 14.81m; LCU-616: 37.79m @ 1.55% Cu from 21.34m, Incl. 28.65m @ 1.9% Cu from 30.48m.

The compilation of the available data completed by Gladiator is the first time that the mineralization has been able to be reviewed and modeled in three dimensions, providing Gladiator with a unique opportunity to target further mineralization and utilize modern geophysics such as down hole electromagnetics (DHEM). Gladiator intends to commence exploration drilling at Middle Chief in the coming months under its recently approved Class 1 exploration notification. This drilling will be complemented by DHEM surveying of the holes to identify undrilled extensions to the mineralization.

In addition to this, Gladiator is currently undertaking a high-resolution drone borne aeromagnetic survey over the Little Chief area. On completion, Gladiator plans to have the magnetics processed and a three- dimensional inversion model completed. This is of significant importance given that mineralization previously exploited along the Little Chief trend is associated with Magnetite enriched Skarns and is able to be directly targeted from its magnetic signature.

Historical drilling at Little Chief and Middle Chief was selectively sampled for copper only. Gladiator intends to assay all future drilling and sampling for additional credits including gold, silver and molybdenum which were proven significant contributors to the economics of historic operations at Little Chief. Holes were drilled at various dips on variable, prospect specific, nominal grids.

Gladiator obtained the drill records and logs from the Yukon Geological Survey archives and have captured the data within an industry standard database. Drill holes with the prefixes "LCU-", "D- "and "BC2" were "Collared" or conducted from underground mining infrastructure, including drill drives and the main decline used to access the Little Chief Mine and Mineralization. For this reason, down hole depth of mineralization as reported do not give a true sense of depth below surface for reported intersections.