Fortitude Gold Drills 16.76 Meters Grading 2.19 g/t Gold at County Line -April 05, 2024 at 10:15 am EDT

– (OTCQB: FTCO) (the ‘Company’) announced multiple oxide gold drill intercepts at and near surface from the target located on the County Line Property.

Intercepts include 16.76 meters grading 2.19 grams per tonne (g/t) gold, 7.62 meters grading 1.28 g/t gold, and 6.10 meters grading 1.49 g/t gold. is a gold producer, developer, and explorer with operations in offering investors exposure to both gold production and dividend yield.

reverse circulation drill program builds on the Company’s drill results where 38.10 meters intercepted 0.75 g/t gold including 3.05 meters grading 2.11 g/t gold. This program intercepted multiple intervals of oxide gold mineralization grading in excess of 1 gram per tonne at and near surface. is located approximately 500 meters southeast of the main County Line historic open pit. The Company targets near term County Line gold production from both pits.

project is located approximately 26 kilometers northwest of the Company’s operating flagship gold mine via paved . The Company targets County Line ore feed for its operation. The proximity of the two properties is expected to allow the trucking of ore from the County Line property to the with its existing heap leach pad and gold processing facilities. The Company filed a Plan of Operations with the in 2023 and targets the County Line project as its second gold mine.

‘This drill program consistently intercepted much higher-grade gold than we have previously encountered at County Line’s and looks to be a new discovery of a high-grade gold feeder zone under the pit,’ stated Mr. , Vice President of Exploration for . ‘We await the results of additional assays from this area, but thus far these drill results would indicate we have added ounces at , and it is likely to have a higher grade associated with it than we previously thought. Mineralization at remains open to the north, south, and east, and mapping and surface sampling programs have identified two additional nearby drill targets.’

‘It is exciting to see these drill results, including 16.76 meters of 2.19 grams per tonne gold, indicating a near surface high-grade gold feeder system with solid expansion potential,’ stated Mr. , CEO and President of . ‘Though we initially focused our attention on the high-grade gold at the County Line pit, we had always anticipated the expansion of the , and these results are confirmation of that. Having two high-grade gold open pits in close proximity to each other at County Line should allow for efficient mine sequencing. We eagerly await permit approval to begin mining both these pits as an aggregate operation and trucking the ore a short distance down the highway to our Isabella Pearl project’s heap leach and gold processing facilities.’

About :

is a based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company’s strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company’s Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central . The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. is among the world’s premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words ‘plan’, ‘target’, ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘intend’ and ‘expect’ and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release.

Contact:

Tel: 719-717-9825

Email: greg.patterson@fortitudegold.com