Victoria Gold Corp. provided diamond drill and surface trench assay results received to date from the 2022 Dublin Gulch exploration program for the Lynx target, one of the high priority on/near-surface gold targets within the Dublin Gulch Gold Camp. During the 2022 season, 27,215 meters (m) of diamond drilling was completed across the Dublin Gulch claim package, inclusive of 6 drillholes for 1,971m at Lynx.

In addition, 12 surface trenches totaling 936 meters were constructed and sampled as part of the ongoing evaluation of Lynx. Highlighted assay results for 3 fully and 1 partially received Lynx exploration drillholes are presented below: 24.69 g/t Au over 6.5m from 170.5m in LX22-037C, including: 63.32 g/t Au over 2.5m from 172.0m; 2.46 g/t Au over 27.2m from 70.3m in LX22-040C, including: 83.90 g/t Au over 0.5m from 70.3m, and 1.89 g/t Au over 7.1m from 292.2m. Highlighted assay results for 10 Lynx exploration trenches for which assays have been received to date are presented below: 1.11 g/t Au over 38.0m from 24m in TRLX22-030C; 1.06 g/t Au over 10.0m from 16m in TRLX22-031C; and 0.62 g/t Au over 44.0m from 22m in TRLX22-032C.

2022 diamond drilling was designed to extend the previous historic drillholes by targeting the intrusive-metasedimentary contacts and structures mapped in newly constructed surface trenches. Exposures opened during the trench programs returned strongly anomalous scorodite, bismuth and siderite related sulphide veins within predominantly altered granodiorite lithologies. The style of mineralization and attitude of veins are strikingly similar to those previously noted at the Olive and Raven Zones.

Exploration in 2022 at Lynx built on the success of the 2020 and 2021 campaigns and was designed to extend the known near-surface gold mineralization as well as target its vertical extents. To date, approximately 750m of mineralized strike has been tested and the target remains open in all directions, with particular potential defined to the east. Assays for 4 of 6 Lynx drill holes and 10 of the 12 surface trenches have been received to date.

Analytical Method: All exploration drill core from the Dublin Gulch 2022 programs were analyzed at MSALABS of Terrace, B.C. utilizing the ICP_230 34-element analytical package with FAS-111 30-gram fire assay with AA finish for gold on all samples. All core samples were split at Victoria's exploration facilities and shipped to MSALABS' Terrace, B.C. preparation facility. There, samples were sorted and crushed to appropriate particle size (coarse crush) and representatively split to a smaller size (250 grams) for MSALABS Langley, B.C. analytical facility.

A comprehensive system of standards, blanks and field duplicates was implemented for the 2022 exploration campaign and is monitored as chemical assay data become available.