Great Pacific Gold Corp. reported that recent drilling has discovered a high-grade mineralized zone at the Comet Prospect within the Company's 100% owned Lauriston Gold Project, Victoria, Australia. Reverse Circulation (RC) hole CRC07 intersected 5m at 166.35 g/t Gold from 95m including 2m at 413 g/t Gold from 96m including 1m at 468 g/t Gold and 1m at 358 g/t Gold.

The Comet Prospect, where the high-grade zone discovery hole was drilled, has epizonal characteristics of Au-As-Sb with geology similar to the Fosterville Mine deposit. Four holes were drilled for 736.6m, with 2 holes drilled at Trojan within the Blackwood exploration licence. At Trojan one hole failed to reach the target and the other was completed with a diamond drilling tail completed at254.6m (assays pending).

The O'Connell's Find prospect drill hole intersected mineralization in the hanging wall of the main dyke. The prospect is approximately 1km in strike length based upon anomalous soil geochemistry and the presence of old gold workings. The current drill program followed up on a 2022 program that tested for shallow gold mineralization at the southern end of the Comet prospect.

During the 2022 program, Great Pacific Gold successfully intersected gold mineralization in a significant number of drill holes. Nearby CRC07 an earlier reverse circulation drill hole CRC014 ended in gold mineralization at 90m due to drill rig depth limitations. Drillhole CRC014 also intersected 10m at 0.94 g/t Au from 77m associated with disseminated sulphides.

This model is based on GPAC's understanding of Au-As-Sss epizonal gold mineralization found in the Fosterville Sub-Domain as presented by technical studies on the Fosterville gold deposit. Accordingly, Great Pacific Gold is very encouraged by the current drill results as it confirms that gold mineralization continued and increased at depth downdip of the previous drill program. The high-grade intercept occurred in the final hole planned on the project for 2023 and based on these results, an additional drill program is being designed.

Drill Results and Intercepts: Hole East North Azimuth Dip (deg.) From (m) Tom (m) Downhole Au g/t (deg.) Interval: Hole East North Azimut Dip (deg.) From (m) Tom) Downhole Au g-t (deg.) Interval.