Kintavar Exploration Inc. announced the results of the drilling campaign that was carried out on its Anik project under the option agreement entered on May 20, 2020, with IAMGOLD Corporation (IAMGOLD). The seven (7) drill holes campaign for a total of 2,145 metres was completed in January 2022 and targeted 3 areas of interest. In the Opawica-West and East areas, the fertile stratigraphic sequence of the Nelligan deposit has been identified and now extends for more than 7 kilometres to the east, directly on the Anik property.

The five (5) holes drilled in these two areas intersected favourable lithologies and gold mineralization. The summary of the results is presented in Figure 1 and Table 1. In both areas, the northern holes, near the "Footwall" of the Renard Zone, had the best gold intersections (ANK-21 -25 and 29), while the ''Hanging Wall'' of the Nelligan system has not yet been investigated. The Opawica-West and East areas are 3 km apart along strike with very limited historical work.

The Bobby-Kovi area is located northeast of the Nelligan deposit stratigraphic sequence. The drilling targeted soil and geophysical anomalies located 400 metres south of the Bobby and Kovi gold showings discovered by Kintavar geological team in 2015. Hole ANK-21-26 intersected two (2) anomalous gold zones, the first in a massive sulphide level of a graphitic tuff unit, and the second in a stockwork of mineralized veins and veinlets in an altered gabbro.

2022-2023 exploration program: IAMGOLD is progressing with its exploration program on the Anik property and has completed the payment of its second year of agreement. The 2022-23 exploration plan consists of: Extend the geochemical soil survey over the stratigraphic sequence continuation of the Nelligan deposit. Approximately 8 km of sampling lines are initially planned.

Extend the geological exploration and mapping program over the eastern extensions of the Nelligan deposit stratigraphic sequence with particular focus on structural folds and gold in till anomalies. Continue geological exploration and mapping over the western extensions of the Bobby-Kovi stratigraphic sequence and till anomalies. Plan a drilling program to investigate the new targets from the 2022 field season and a follow-up on gold intersections from the 2021 drilling program, specifically Opawica-West.