STLLR Gold Announces Windjammer South Infill Drilling Results at the Tower Gold Project and Appointment of VP Projects & Technical Services

TORONTO–(BUSINESS WIRE)–$STLR.TO #gold—STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or the “Company”) announces the remaining assay results from the infill and confirmatory drilling program at the Windjammer South Deposit at the Golden Highway Area (western end) of the Tower Gold Project in Timmins, Ontario, Canada. STLLR appoints James Gagne, P.Eng., MBA, as the Vice President, Projects & Technical Services.

Table 1: Windjammer South Drilling Highlights (See Figures 2 and 3 for the drill location map and section views):

Hole ID		Deposit		Result
MGH23-468		Windjammer South		1.63 g/t Au over 102.00 m (incl. 5.38 g/t Au over 14.00 m)
MGH23-460		Windjammer South		0.93 g/t Au over 74.65 m (incl. 1.40 g/t Au over 30.00 m)
MGH23-478		Windjammer South		0.69 g/t Au over 115.00 m (incl. 2.62 g/t Au over 8.00 m) & 4.72 g/t Au over 16.00 m (incl. 21.10 g/t Au over 3.00 m)
MGH23-507		Windjammer South		8.04 g/t Au over 10.90 m & 2.34 g/t Au over 50.65 m (incl. 8.48 g/t Au over 5.00 m & incl. 12.10 g/t Au over 3.65 m)
MGH23-484		Windjammer South		0.57 g/t Au over 74.95 m (incl. 1.10 g/t Au over 13.91 m)
“g/t Au”: grams per tonne gold; “m”: metres

Tower Gold Project Update:

• 129,737 m, in 477 drill holes, of the 140,000 m infill drill program completed have been released.

Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “Windjammer South Deposit infill drilling results continue to confirm the continuity of mineralization of the Tower MRE block model. Drill hole MGH23-484 appears to have intersected mineralization that was previously modelled as waste, suggesting a potential addition to the known mineralization in that area. Overall, the drilling information gives us additional confidence in the Tower MRE block model in the areas drilled.”

“We are pleased to announce the appointment of James Gagne, P.Eng., MBA as Vice President, Projects & Technical Services. James brings significant technical and operational experience from the Timmins and Kirkland Lake mining camps. I’ve known James for the entirety of his mining career; We worked together at Lake Shore Gold and we were involved with the construction and operation of the Bell Creek and Timmins West Mines. James will play an instrumental role as we advance our cornerstone Tower Gold and Colomac Gold Projects.”

Windjammer South Deposit Drilling

The Windjammer South Deposit is located on the Golden Highway Area (western end) of the Tower Gold Project in Timmins, Ontario (See Figure 1 for the Tower Gold Project – General Location Map). Mineralization at Windjammer South is associated with extensional and stockwork-type quartz veining within Timiskaming age meta-sediments, located between 2 major splays of the prolific Destor-Porcupine Fault Zone. The 2023 drill program at Windjammer South was focused on confirming and infilling (50 m drill-centre spacings) the Tower Gold Project Mineral Resource Estimate¹ (“Tower MRE”).

The results from this batch of drilling (please also refer to the Company’s October 19, 2023 news release for the previous batch of drilling at Windjammer South) appear to confirm the continuity of the Windjammer South mineralization as estimated by the Tower MRE block model. This is evident particularly with holes MGH23-468, MGH23-478 and MGH23-507 (See Figures 2 & 3). In addition:

• Drill hole MGH23-484 (See Figures 2 & 3): Intersected significant mineralization in an area previously modelled as waste.
• Drill holes MGH23-483, MGH23-489, MGH23-490, MGH23-493, and MGH23-494: Geomechanical and Geometallurgical drilling that will benefit future mine designs.

Overall, the drilling at Windjammer South confirmed the Tower MRE block model. The increased drill density provides the potential to upgrade the areas drilled to a higher resource category and further define future geological models.

Appointment of VP Projects & Technical Services

The Company has appointed Mr. Gagne to the role of Vice President, Projects & Technical Services. James brings 15 years of progressive experience in mine operations, engineering, and consulting. Previously, Mr. Gagne was with Kirkland Lake Gold as the Mine Superintendent of the Macassa Mine and was then promoted to the role of Manager of Mining. As the Manager, James was responsible for the totality of site operations comprised of 3 shafts, a paste plant, and a processing facility. He was also involved with the execution of various major projects such as the new #4 Shaft, the commencement of the Near Surface Portal deposit, and the new overall mine ventilation upgrade within the complex. At Lake Share Gold (subsequently acquired by Tahoe Resources then Pan American Silver), James was involved with the construction, ramp-up and operation of the Bell Creek and Timmins West Mines in the Timmins Mining Camp. He held various roles in engineering and operations, ultimately becoming the Senior Production Engineer. Prior to joining STLLR, James was the General Manager at Black Rock Engineering within the IONIC Technology Group, a firm that specialized in providing engineering services to mining and heavy industries across North America. Mr. Gagne received his Bachelor of Engineering at Laurentian University, his MBA at the Lazaridis School of Business & Economics at Wilfrid Laurier University and is a Professional Engineer in Ontario.

Table 2: Tower Gold – Windjammer South Deposit: Drill Intercepts

Zone	Hole Number	From (m)	To (m)	Interval (m)	Grade (g/t Au)	Metal Factor (g/t Au x m)
Windjammer South	MGH23-444	63.00	75.00	12.00	0.63	7.56
Windjammer South	MGH23-449	154.00	159.47	5.47	0.37	2.02
Windjammer South	and	178.00	179.33	1.33	0.96	1.28
Windjammer South	and	189.00	195.00	6.00	0.31	1.86
Windjammer South	and	217.00	229.40	12.40	0.98	12.15
Windjammer South	and	254.77	298.00	43.23	0.68	29.40
Windjammer South	MGH23-460	86.20	91.50	5.30	0.40	2.12
Windjammer South	and	103.50	178.15	74.65	0.93	69.42
Windjammer South	including	139.00	169.00	30.00	1.40	42.00
Windjammer South	MGH23-460	209.00	212.50	3.50	0.88	3.08
Windjammer South	MGH23-465	63.00	104.00	41.00	0.75	30.75
Windjammer South	and	118.15	132.00	13.85	0.64	8.86
Windjammer South	MGH23-467	81.20	138.00	56.80	0.57	32.38
Windjammer South	MGH23-468	49.00	59.00	10.00	0.62	6.20
Windjammer South	and	72.00	81.00	9.00	0.36	3.24
Windjammer South	and	154.00	221.00	67.00	0.65	43.55
Windjammer South	including	184.00	197.00	13.00	1.38	17.94
Windjammer South	and	233.40	237.00	3.60	0.80	2.88
Windjammer South	and	246.00	348.00	102.00	1.63	166.26
Windjammer South	including	324.00	338.00	14.00	5.38	75.32
Windjammer South	MGH23-471	107.26	125.45	18.19	0.65	11.82
Windjammer South	and	144.00	151.20	7.20	0.41	2.95
Windjammer South	and	190.70	210.20	19.50	1.64	31.98
Windjammer South	including	205.10	207.50	2.40	5.56	13.34
Windjammer South	MGH23-474	44.00	63.50	19.50	0.95	18.53
Windjammer South	and	197.80	323.00	125.20	0.61	76.37
Windjammer South	including	293.00	315.30	22.30	1.06	23.64
Windjammer South	MGH23-477	97.00	101.10	4.10	2.57	10.54
Windjammer South	and	162.00	177.00	15.00	0.71	10.65
Windjammer South	and	197.00	201.00	4.00	0.67	2.68
Windjammer South	MGH23-478	53.00	126.00	73.00	0.47	34.31
Windjammer South	and	158.00	160.00	2.00	3.08	6.16
Windjammer South	and	186.00	301.00	115.00	0.69	79.35
Windjammer South	including	276.00	284.00	8.00	2.62	20.96
Windjammer South	and	312.00	328.00	16.00	4.72	75.52
Windjammer South	including	321.00	324.00	3.00	21.10	63.30
Windjammer South	and	380.90	384.20	3.30	11.53	38.05
Windjammer South	and	418.00	422.00	4.00	1.87	7.48
Windjammer South	MGH23-481	161.00	163.00	2.00	0.52	1.04
Windjammer South	and	172.00	175.60	3.60	0.77	2.77
Windjammer South	and	197.00	214.25	17.25	1.33	22.94
Windjammer South	MGH23-482A	No significant intervals
Windjammer South	MGH23-483	Geomechanical; Not assayed
Windjammer South	MGH23-484	53.50	60.50	7.00	1.21	8.47
Windjammer South	and	104.00	178.95	74.95	0.57	42.72
Windjammer South	including	111.00	124.91	13.91	1.10	15.30
Windjammer South	MGH23-486	43.00	101.00	58.00	0.43	24.94
Windjammer South	MGH23-487	48.00	50.00	2.00	0.65	1.30
Windjammer South	and	58.00	60.00	2.00	0.68	1.36
Windjammer South	and	94.00	104.00	10.00	0.31	3.10
Windjammer South	and	138.00	140.00	2.00	0.70	1.40
Windjammer South	MGH23-489	Geomechanical; Not assayed
Windjammer South	MGH23-490	Geomechanical; Not assayed
Windjammer South	MGH23-493	Geometallurgical; Not assayed
Windjammer South	MGH23-493A	Geometallurgical; Not assayed
Windjammer South	MGH23-494	Geometallurgical; Not assayed
Windjammer South	MGH23-505	65.00	76.00	11.00	0.52	5.72
Windjammer South	and	99.00	101.00	2.00	0.60	1.20
Windjammer South	and	142.00	150.00	8.00	0.85	6.80
Windjammer South	and	170.00	172.00	2.00	0.92	1.84
Windjammer South	and	188.00	190.00	2.00	0.72	1.44
Windjammer South	and	200.00	214.00	14.00	0.70	9.80
Windjammer South	and	222.30	224.00	1.70	8.14	13.84
Windjammer South	and	240.00	246.00	6.00	0.39	2.34
Windjammer South	and	252.00	264.00	12.00	1.07	12.84
Windjammer South	MGH23-506	42.00	44.00	2.00	0.52	1.04
Windjammer South	and	112.00	114.00	2.00	0.60	1.20
Windjammer South	MGH23-507	38.00	63.00	25.00	0.55	13.75
Windjammer South	and	75.00	112.00	37.00	0.39	14.43
Windjammer South	and	142.00	154.00	12.00	0.48	5.76
Windjammer South	and	160.00	162.00	2.00	1.12	2.24
Windjammer South	and	168.00	236.00	68.00	0.56	38.08
Windjammer South	including	214.00	228.00	14.00	1.22	17.08
Windjammer South	and	243.25	255.90	10.90	8.04	87.64
Windjammer South	and	277.00	287.00	10.00	2.11	21.10
Windjammer South	and	305.00	355.65	50.65	2.34	118.52
Windjammer South	including	305.00	310.00	5.00	8.48	42.40
Windjammer South	including	352.00	355.65	3.65	12.10	44.17
Windjammer South	MGH23-507	385.35	435.00	49.65	1.18	58.59
Note: All intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 5m internal dilution and no top cap applied. Drill intercepts are not true widths. Geomechanical and Geometallurgical drill holes are not shown in the section because they were not assayed.

Table 3: Tower Gold – Windjammer South Deposit: Infill Drill Hole Details

Zone	Hole Number	Easting	Northing	Elevation	Azimuth	Inclination	End of Hole Depth (m)
Windjammer South	MGH23-444	572328.6	5370498.451	333.748	79.96	-55.11	135
Windjammer South	MGH23-449	572097.238	5370278.302	329.224	80.07	-57.20	330
Windjammer South	MGH23-460	572236.755	5370324.572	331.073	80.02	-56.96	285
Windjammer South	MGH23-465	572325.177	5370401.252	333.544	79.99	-57.01	132
Windjammer South	MGH23-467	572431.373	5370424.81	337.926	80.01	-56.15	165
Windjammer South	MGH23-468	572067.463	5370372.409	329.104	80.08	-57.06	348
Windjammer South	MGH23-471	572278.513	5370236.425	331.116	80.20	-55.97	211
Windjammer South	MGH23-474	571972.783	5370302.477	329.051	80.19	-57.02	324
Windjammer South	MGH23-477	572324.278	5370285.499	332.525	80.06	-55.90	207
Windjammer South	MGH23-478	571950.754	5370327.328	328.975	80.02	-58.12	422
Windjammer South	MGH23-481	572158.898	5370246.868	329.186	79.99	-56.99	273
Windjammer South	MGH23-482A	571940.556	5370350.876	328.72	81.89	-57.02	75
Windjammer South	MGH23-483	572313.497	5370348.952	332.691	99.92	-75.08	465
Windjammer South	MGH23-484	571895.021	5370305.912	328.907	80.04	-56.00	219
Windjammer South	MGH23-486	572004.304	5370336.94	329.258	44.97	-56.18	234
Windjammer South	MGH23-487	572045.997	5370536.206	329.115	80.02	-56.09	219
Windjammer South	MGH23-489	572250.284	5370289.164	330.75	189.95	-75.00	465
Windjammer South	MGH23-490	572214.013	5370395.708	331.042	320.07	-75.02	465
Windjammer South	MGH23-493	572349.18	5370259.36	331.67	342.71	-59.72	273
Windjammer South	MGH23-493A	572349.1	5370260	340.8	342.89	-59.72	162
Windjammer South	MGH23-494	572348.9	5370468.169	335.81	80.00	-55.03	132
Windjammer South	MGH23-505	571960.178	5370486.958	328.713	80.18	-61.83	330
Windjammer South	MGH23-506	571956.134	5370453.053	328.798	80.00	-61.01	126
Windjammer South	MGH23-507	571981.902	5370351.767	328.787	80.05	-56.08	450

Quality Control Procedures

NQ drill core is oriented and cut with half sent to ALS Laboratories Inc. (ALS) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). ALS is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample. STLLR inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates, as well as completing routine third-party check assays at Bureau Veritas Commodities Canada Ltd.

Qualified Person

John McBride, MSc., P.Geo., Vice President of Exploration for STLLR, who is the “Qualified Person” as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

About STLLR Gold

STLLR Gold Inc. (TSX: STLR; OTCQX: STLRF; FSE: O9D) is a Canadian gold development company actively advancing two cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-life and large-scale operation and are surrounded by exploration land with favorable upside potential. STLLR’s experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to timing of the updated Tower MRE, confirmation of the Tower MRE block model, potential expansion of the known mineralization at the Tower Gold Project, the timing of the release of the assay results from Tower Gold project drilling, the goals, synergies, strategies, opportunities, profile, mineral resources and potential production, project timelines, prospective shareholding, integration and comparables to other transactions, the future financial or operating performance of STLLR and STLLR’s mineral properties and project portfolios, the advancement of the Tower Gold and Colomac Gold Projects, long-life and large-scale potential of the Tower and Colomac Gold Projects and exploration upside of the land packages. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “accelerate”, “add” or “additional”, “advancing”, “anticipates” or “does not anticipate”, “appears”, “believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert” or “conversion”, “deliver”, “demonstrating”, “estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or “expectations”, “fast-track”, “forecasts”, “forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “leading”, “plans”, “potential” or “potentially”, “pro-forma”, “promise”, “prospective”, “prioritize”, “reflects”, “re-rating”, “robust”, “scheduled”, “stronger”, “suggesting” or “suggests”, “support”, “updating”, “upside”, “will be” or “will consider”, “work towards”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, COVID-19 and other pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the joint management information circular of STLLR dated December 20, 2023, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

¹ For more information on the Tower MRE and Tower PEA effective as of September 7, 2022, please refer to the NI 43-101 technical report titled “NI 43-101 Report & Preliminary Economic Assessment of the Tower Gold Project Northeastern Ontario, Canada” dated November 29, 2022, which is available on STLLR Gold’s profile on SEDAR+ www.sedarplus.ca and www.stllrgold.com

Contacts

STLLR Gold Investor Relations

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