KAPA GOLD INC. (TSXV: KAPA) ('Kapa' or the 'Company') is pleased to provide the following update on continuing exploration on its 100% owned Blackhawk property, Lucerne Valley, California.

As reported in the Company's February 22, 2023 press release, many grab samples collected during the October 2022 exploration program returned gold, silver and base metal values greater than the upper limit of the chosen analytical method. Samples with metals values above analytical limits were reassayed. The results confirm high-grade base and precious metal abundances along a 3.82 km strike extending from the reclaimed Parton Quarry area to the area near the historic underground precious metals workings in the Look Out area. Even though metal abundances vary considerably between individual samples, high-grade assays of the following metals are: total gold assays range up to 75.1 grams per tonne, silver up to 3,680 grams per tonne, copper up to 6.93%, lead up to 24.2% and zinc up to 24.2%. Dykes and sills identified at some prospects are mineralized along with the adjacent carbonate.

About Kapa

Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100% owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic mineralization. Kapa Gold has recently optioned the historic Mastodon Project and is compiling historical data in advance of recommendations for exploration programs.

Contact:

Tel: 7604-961-9442

Forward Looking Information

Certain statements made, and information contained herein may constitute 'forward looking information' and 'forward looking statements' within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as 'anticipates', 'believes', 'targets', 'estimates', 'plans', 'expects', 'may', 'will', 'could' or 'would'. Forward-looking statements and information contained herein are based on certain factors and assumptions. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guaranteeing of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

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