Vancouver, British Columbia - TheNewswire - March 18, 2022 - Exploits Discovery Corp. ("Exploits" or the "Company") (CNSX:NFLD.CN) (OTC:NFLDF) (FSE:634-FF) is pleased to announce that it has received initial assay results from its Jonathan's Pond Target and the remaining assays from its Quinlan Veins Target.  

President and CEO Jeff Swinoga comments, "These assay results are an encouraging start to understanding the potential of these targets as well as similar targets on our large land package. For Jonathan's Pond, the western extension of the near-surface gold mineralization intersection is coincident with gold samples collected from trenching performed in 2020. These initial drilling results will inform our follow-up exploration plans for the areas that are open to the west of Jonathan's Pond and to the north of Quinlan Veins."

• Exploits have received fire assay results for 16 of the 21 drill holes at Jonathan's Pond. Drill hole JP-21-019 intersected 4.5 m* of near surface mineralization averaging 1.57 g/t Au from 16 to 20.5 m downhole; Identified potential mineralized trend which is open to the west. 

• All Quinlan Veins assay results have been received. While these recent assay results did not add significant intersections to the previously reported 8.69 g/t Au over 0.45 m* the mineralized possible mineralized trend remains open and untested to the north. 

President and CEO Jeff Swinoga further commented, "Once all ICP data has been received and additional detailed geochemical interpretation is reconciled with these drilling results we will prioritize additional targeting signatures at Jonathan's Pond. We are pleased to see our assays results coming in at a faster pace and are hopeful that we will be able to report results from our Schooner North, Schooner South, Little Joanna and remaining Jonathan's Pond targets soon.  In the near term, we will be updating investors on our extensive exploration plans this year, including several new targets. We have been gearing up our exploration program and team to match the tremendous potential we see at our properties."

Drill hole JP-21-019, was collared to specifically test the down dip extension of 5 m ~east-west trending quartz veins with anomalous gold and visible pyrite and arsenopyrite. A 4.5 m* section of core from 16 to 20.5 m averaged 1.57 g/t Au. Mineralization in the drill core occurs within a series of subparallel quartz veins, up to 7 cm wide hosted within gabbro and containing associated pyrite and arsenopyrite. This intersection is interpreted as being coincident with the anomalous gold samples collected from the 2020 surface trenching program. Based on the 2020 trenching and these results, this potential mineralized trend remains open to the west and is largely untested.

Drill holes JP-21-001 to JP-21-017 were designed to test the down dip extension of lower order east-west trending quartz veining, located adjacent to the northeast-southwest trending main vein (the "Main Vein"), which produced grab samples containing visible gold and returned fire assays of up to 28 g/t Au. It was noted in these drill holes that sulphide mineralization, including arsenopyrite + pyrite ± chalcopyrite, was concentrated along the lower contact of the Main Vein. XRF analysis confirmed the presence of elevated arsenic ± antimony, which are typical pathfinder elements for targeting gold mineralization, along this lower contact, which influenced drilling following along the northeast trending section of the Main Vein. Near-surface mineralization intersected in drill holes JP-21-016A and JP-21-017 indicates a potential mineralized trend which is open to the east.  

All HQ core is sampled, cut by core saw, and split by company personnel then put into bags with unique sample tags for identification. The bags are sealed with a security tag and then shipped directly to Eastern Analytical Ltd. Standards and blanks are inserted at defined intervals for QA/QC purposes by the Company, representing approximately 10% of all samples sent for assay. All core samples are analyzed at Eastern Analytical Ltd. of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits Discovery Corp. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold.  

Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company currently holds the Jonathan's Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend, and Gazeebow projects covering approximately 2,000 square kilometres of mineral tenements. The 50% owned PB Hill projects syndicate covers an additional area of almost 2,000 square kilometres.

Exploits believes that the Exploits Subzone Gold Belt, which runs 200 kilometres from Dog Bay southwest to Bay d'Espoir, has been neglected since the last major exploration campaigns in the 1980s. The last 40 years have seen incremental advancements in the understanding of gold mineralization in the camp. The sum of this knowledge is now coming together in discrete and effective exploration models that have delivered results including New Found Gold's 2019 discovery hole. The Exploits Subzone has been the focus of major staking and financing since late 2019 with high grade gold discoveries by Newfound Gold and Labrador Gold as well as advanced resource development by Sokoman Minerals.

The team at Exploits, with significant local experience and knowledge, have studied the entirety of the Exploits Subzone and surrounding regions, and having picked individual land claims for staking, purchase or joint ventures, have developed a land package where there are opportunities for world class discoveries and mine development. Exploits intends to leverage its local team and the larger shift in geologic understanding and become one of the most extensive explorers in the Exploits Subzone.

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.