Heritage Mining Ltd. announced remaining drill results from its 2023 drill program at Alcona, New Millennium and Moretti in addition to six new high grade targets at its flagship Drayton-Black Lake Project ("DBL Project"). The Company is also pleased to announce that Heritage is now planning the Phase II exploration program to further define the deposit potential at Alcona and New Millennium. 2023 Exploration Program Highlights: - The 2023 exploration and drill program has confirmed the presence of multiple, extensive, structurally controlled and locally high-grade Au and Au-Ag Mineralized systems. - Prospecting program evaluated seven highly prospective areas advancing six to drill ready status for the 2024 exploration program.

- Alcona Area, HML23-017: lower portion of the hole returned multiple anomalous narrow intervals 0.68 g/t Au over 4.9m from 138.25m, 0.63g/t over 2.5m from 149m, 1.98 g/t Au over 0.8m from 239.2m supporting a wide anomalous mineralized gold zone. The Company evaluated seven additional targets areas within its flagship DBL Project, six of which have been moved to drill ready status. Additional prospecting and target workup will continue throughout 2024 of other historical targets as well as in between high priority target areas connecting the kilometers of potential strike length within district scale project.

The high priority target areas all exhibit similar deposit scale characteristics making this an attractive and highly prospective project. Proposed exploration program for the areas below includes but is not limited to prospecting, stripping, IP and diamond drilling. The Company looks forward to providing future updates on a target-by-target basis in the near term.

Phase 1 2023 Alcona drill program results confirm widespread Au-Ag Mineralization hosted in broad (>200m) composite deformation zones. 2023 exploration program confirms the presence of extensive, structurally controlled and locally high-grade Au-Ag Mineral systems. Additional modeling and structural interpretation is underway to support a Phase II program. HML23-017 (Partial): Multiple anomalous narrow intervals 0.55g/t Au over 8m from 21m 0.68 g/t Au over 4.9m from 138.25m, 0.63g/t over 2.5m from 149m, 1.98 g/t Au over 0.8m from 239.2m At least two mineralized deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins.

New Millennium phase I drill program confirmed multiple narrow anomalous mineralized zones. Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale. Drill results for the remaining holes showed no significant mineralization.

Additional drilling and exploration is recommended for this area to further understand the structural complexity and orientation and how this fits into the +10km Moretti deformation corridor.