Discovery Alaska Limited advised that it has recently commenced airborne geophysical survey works at the Partin Creek prospect, part of the Chulitna Project in Alaska, USA. Following receipt of the analysis results from the sampling program conducted in 2021 - where rock sample results achieved up to 73.9g/t Au, 1500g/t Ag and 21.1% Cu, and talus fines (soil) sample results achieved up to 7.18g/t Au and 12.25g/t Ag - the Company is now preparing the next stage exploration follow up works, with the aim to identify priority sites for subsequent potential drilling. These works include the recently commenced airborne geophysical survey, targeting the identified mineralised skarns and to assist with delineating structures, alteration and lithology at the anomalous areas identified from the sampling program.

The Company has contracted a Canadian-based geophysical contractor to carry out the planned ~100 line-kilometre, low-level magnetic survey - flown in a systematic low- level grid pattern, over the Partin Creek survey area. The Company is conducting the airborne geophysical survey program at this time, to ensure the survey data and results are received prior to the start of the Alaskan summer field-works season, and to ensure the survey data can be successfully utilised for the next phase of exploration works at the prospect planned this year. The Company's 100% owned Chulitna Project area comprises 199.4km2, is located on State of Alaska public lands, and is not subject to any Native Title claims, native lands, or native claimant groups.

The project lies approximately 250km north of Anchorage and close to the major Parks Highway, which runs mostly parallel to the State-owned Alaska railroad. The project hosts numerous prospect areas identified from historical works, which are prospective for gold, silver, copper, tin and base metals. The two main prospect areas currently identified within the project area are Partin Creek and Coal Creek.