Pacton Gold Inc. reported assay results from soil sampling have returned strongly anomalous gold values in multiple areas of its Red Lake and Gullrock properties. Soil sampling throughout the summer of 2021 has added over 7200 assays to Pacton's database, forming a robust grid of geochemical data over the Red Lake and Gullrock properties. Multiple anomalous gold trends have been identified using data from soil and outcrop sampling.

The results are being combined with prior drill sampling, mapping, and geophysics to further define and prioritize the target areas. Among the targets now identified for further investigation and drill testing are: Claremont, Carricona, Boyden West, and Keg. Target Areas to be Drill Tested in 2022 Keg: A highly anomalous area for both gold and pathfinder elements in the soil data.

Located along the southeastern extension of the historic Red Lake mine trend, the Keg target also contains historic drilling up to 5.9 g/t Au and grab samples up to 3.7 g/t Au. Claremont: Elevated soil values in the Claremont area are coincident with geophysical targets and mapped geological structures. A prior stripping campaign was successful in uncovering mineralized veining and will be followed up with drill testing.

Carricona: Gold in soil values in the Carricona East area form a northeast trending anomaly that overlaps with a geophysical target and a gold target identified from CARDs AI modelling. This anomaly is in the vicinity of 17.5 g/t Au over 0.5 m that was intersected by Pacton drilling in 2019. Boyden West: The gold in soil anomaly at Boyden West is associated with historic sampling of 3.1 g/t Au in outcrop and 0.64 g/t Au over 0.5 m in drilling.

The target is on trend and 1 km west of the Boyden outcrop stripping where Pacton sampling returned grab samples up to 126.5 g/t Au in 2019. To date, Pacton has collected 8,871 soil samples at its Red Lake properties. Data from 98% of the 2021 survey has been received from the lab and analysis is ongoing.