Gatling Drilling Identifies Significant Gold Intersections within New Host Target at the Kir Vit Prospect of the Larder Gold Project, Ontario

Table 1. Phase II Drill Hole Highlights

** Note true widths are estimated at 60 - 90% of the reported core length interval

Phase II Kir Vit Highlights

• Gold at Kir Vit is found in three different mineralization styles. The Phase II drill program at the Kir Vit prospect intersected shear-hosted, conglomerate-hosted, and intrusion-related mineralization styles. NE-SW trending shear structures identified in the 2020 stripping campaign was tested by KV-21-018, which intersected 4.9 g/t Au over 4.0 m including 7.9 g/t Au over 1.0 m (Figure 3). Intrusion-related gold mineralization is associated with the contact between mafic volcanics and syenitic intrusions, which was encountered in multiple instances at lower grades. Conglomerate-hosted gold was intersected in all 3 holes testing the mineralized trend, including KV-21-030 which uncovered a near-surface gold zone grading 0.8 g/t Au over 54.0 m including 1.4 g/t Au over 26.0 m (Figure 2). This wide intercept has a strong correlation to a specific layer within the conglomerate that exhibits an increase in clast density, matrix mineralization and hydrothermal breccia textures. The conglomerate trend is open along strike and at depth and is a priority for the Phase III program.
• Strong correlation between gold values and 3D IP survey. Mineralization at Kir Vit has demonstrated a close association with moderate-high resistivity and moderate chargeability. The 3D IP, along with lidar interpretations, have been instrumental in discovering new gold mineralization trends in both the 2019 and 2021 drill programs (Figure 2 and 3). This correlation will be utilized in Phase III exploration to target other highly prospective zones.
• Near Surface Gold Mineralization within the Timiskaming Conglomerate opens northern part of Kir Vit. KV-19-016 and KV-21-030 have each intersected conglomerate-hosted gold mineralization at a 300 m step out. With a strike of over 1 km and a width of 600 m at surface, the Timiskaming conglomerate is a promising target of future exploration (Figure 1). Infill drilling to connect the two holes, utilizing similar geophysical signatures, and further extension of the mineralized footprint within the conglomerate is planned for Phase III.
• Phase III Exploration. Gatling will follow up the successful Phase II exploration program with a 2022 Phase III program. The program will consist of 4,000 to 5,000 m of drilling targeting all three gold mineralization styles with a primary focus on the conglomerate trend and select areas for outcrop stripping within the Timiskaming conglomerate. Gatling will continue to utilize the 3D IP survey as well as the Lidar extraction models that help identify areas of structural complexities.

Figure 1. 2021 Kir Vit plan map showing Phase I and II programs that include drilling, geology, assays and untested geophyscial signatures. Kir Vit is located 5 km north of the Cadillac Larder Lake Break, which hosts the Fernland, Cheminis, and Bear deposits.

Figure 2. Cross section of the Timiskaming conglomerate gold zones at the Kir Vit with positive gold correlation to the 3D IP resistivity models

Figure 3. Cross section of the Intrusion related and Shear hosted gold zones at the Kir Vit with positive gold correlation to the 3D IP resistivity and chargeability models

QA/QC

Drill core is logged and sampled at the Larder Gold project site. Core samples from the program are cut in half, using a diamond cutting saw with half sent for assay at SGS lab in Cochrane, Ontario. The other half is secured and retained on site. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than 5.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. Certified reference standards and blanks are routinely inserted into the sample stream as part of Gatling's quality control/quality assurance program.

About Gatling Exploration

Gatling Exploration is a Canadian gold exploration company focused on advancing the Larder Gold Project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder project hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake. The Larder property has a global Mineral Resource Estimate (2021) of 388,000 oz Au Indicated and 933,000 oz Au Inferred gold ounces from both open pit and underground resources. The project is 100% owned by Gatling and is comprised of patented and unpatented claims, leases and mining licenses of occupation within the McVittie and McGarry Townships. The 3,370 ha project area is positioned 7 km west of the Kerr Addison Mine, which produced 11 million ounces of gold. All parts of the Larder property are accessible by truck or all-terrain vehicles on non-serviced roads and trails.

Qualified Person

The technical content of this news release has been reviewed and approved by Nathan Tribble, P. Geo., VP Exploration of Gatling Exploration, and a Qualified Person pursuant to National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Jason Billan, President and CEO
Gatling Exploration Inc.

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SOURCE: Gatling Exploration Inc.