This morning, EDG released results from its surface channel sampling program at the Reliance Property. The program took place along the road cuts that were driven for the recently completed RC program and the currently active diamond drill program. The highlight exposures at the Eagle Zone include 7.68 g/t Au over 12.0m including 9.89 g/t Au over 8.9m, and 4.49 g/t Au over 6.0m. These results highlight that high-grade mineralization exists at surface resulting in a low strip ratio and an overall low-cost open pit operation.

A collective total of 545m of upper road cut outcrop exposure was systematically channel sampled at 12 locations. Six intervals within the samples returned encouraging results providing additional exposures of the Eagle and 020 Zone (Figure 1), and the Eagle Zone has now been identified in eight road cut exposures along a 435m strike length. The Company is planning to drive road cuts further up the mountain to the SE and we anticipate another channel sampling program will take place along the new road sections.

Previous Drill Results: On June 22nd and June 28th, EDG reported additional RC drill results on top of what was reported on June 6th, 2022 (please refer to our note published on June 6th). The Company reported additional RC drill results which yielded many significant intercepts that we feel show strong potential for a highly profitable open pit operation. Most importantly, the 020 Target is thicker than originally expected with a highlight intercept showing 6.64 g/t Au over 30.5m. Additionally, the mineralized corridor for the Eagle Zone was extended an additional 100m SE and is still open along strike and to depth.

June 22nd & 28th RC Program Assay Highlights:

• RC22-064: 3.86 g/t Au over 21.3m including 6.17 g/t Au over 9.1m

• RC22-067: 4.89 g/t Au over 16.8m including 8.74 g/t Au over 7.6m

• RC22-078: 3.89 g/t Au over 30.5m

• RC22-084: 6.11 g/t Au over 18.3m

• RC22-079: 8.57 g/t Au over 10.7m including 11.57 g/t Au over 6.1m

The Diamond drill program is currently active with 1,665m across eight holes completed at the 020 Target area with assays pending. The remainder of the 8,000m program is on track to be completed before the end of fall.