• Surface channel samples demonstrate gold occur over wide zones with grades above the current resources as demonstrated by these results; 13.7 meters @ 0.89 g/t Au, 12.9 g/t Ag and 26.5 meters @ 0.7 g/t Au, 8.6 g/t Ag, and 30.5 meters @ 0.6g/t gold, 8.3 g/t Ag
• 5 holes were drilled in 2011 but all were lost before reaching the main target zone due to difficult drilling conditions and yet a hole contained 9.2 meters @ 1.52 g/t Au, 6.3 g/t Ag.
• In 2021, GRC drilled 9 holes for an efficient first pass test in this exciting target with significant potential.

Resource:

Category	$1,800 Pit-Constrained - 0.25 g/t gold cutoff
	Tonnes (1000s)	Au		Ag
		Grade (g/t)	Troy oz	Grade (g/t)	Troy oz
Measured	0	0	0	0	0
Indicated	1,274	0.39	16,120	3.81	155,799
Measured and Indicated	1,274	0.39	16,120	3.81	155,799
Inferred	113	0.31	1145	2.69	9,798

The White Point mineral resource has an effective date of June 13, 2022 and based on the drilling results as of 31.12.2021. The inferred resource is in addition to the measured and indicated resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Numbers have been rounded, which may lead to some numbers not adding up exactly. The resource estimate reflects gross metal content that is not adjusted for metallurgical recoveries.

Highlights include:

• 0.82 g/t gold equivalent over 36.6 meters within hole WP-21-005,
• 1.40 g/t gold equivalent over 15.3 meters within hole WP-21-006,
• 0.70 g/t gold equivalent over 13.7 meters within hole WP-21-002,
• 0.56 g/t gold equivalent over 19.9 meters within hole WP-21-003.

Description:

White Point is located just 400 meters west of the Grey Eagle resource, on the Nevada side of the Gold Springs project.

This target is characterized by an outcropping, gold bearing, sheeted vein zone consisting of individual veins 0.5 to 5 meters in thickness

White Point, along with Midnight, is unique in the Gold Springs project area in that mineralization is controlled by a wide zone of veins formed in a large structural setting. Both targets have historic mines with very high-grade veins that were exploited in the early 1900s.

The vein zone at White Point is over 200 meters wide with the spacing between veins ranges from a few centimeters to several meters. This high density of veins creates a large tonnage bulk mineable target. The entire zone can be followed along strike for 400 meters with projected extensions covered by younger post-mineral rocks. These same younger rocks cover much of the Grey Eagle deposit which may be connected to White Point at depth.

Historical:

The White Point Mine was located along an extensive stockwork structure trending in a northerly direction and was exploited in the early 1900s. Two adits and a shaft were developed on the sheeted gold bearing vein zone +200 meters wide. The mine is credited with at least one ore shipment in 1935 of 37.2 tons grading 17.75 g/t of gold. One GRC sample of the vein assayed 18 g/t gold.

Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery. True thickness is estimated to be 70-100% of reported length.

Drilling results:

A total of 5 holes were drilled at White Point in 2011 but all were lost before reaching the main target zone due to difficult drilling conditions. GRC has now constructed drill pads at locations which will allow for an efficient first pass test of this exciting target. Plans are to drill White Point in August of 2021 with the first assay results expected in September-October 2021. The significant drill results from 2011 were as follows:

Hole	From (m)	To (m)	Thickness (m)	Gold (g/t)	Silver (g/t)
HS-11-01	9.1	18.3	9.2	0.5	3.3
HS-11-02	13.7	21.3	7.6	0.62	2.4
HS-11-03	42.6	51.8	9.2	1.52	6.3
and	70.1	71.6	1.5	1.55	1.5
HS-11-05	45.7	57.9	12.2	0.72	4.4

2021 Drilling highlights include:

Hole	From (m)	To (m)	Thickness** (m)	Gold (g/t)	Silver (g/t)	Gold Equivalent*  (g/t)
WP-21-002	61.0	74.7	13.7	0.62	6.0	0.70
WP-21-003	79.2	99.1	19.9	0.50	4.3	0.56
and	121.9	129.5	7.6	0.56	3.9	0.61
WP-21-004	54.9	106.7	51.8	0.32	3.65	0.37
WP-21-005	27.4	64.0	36.6	0.74	5.8	0.82
including	27.4	36.6	9.2	1.36	11.8	1.52
including	50.3	59.5	9.2	1.15	6.9	1.25
and	132.6	147.8	15.2	0.41	18.6	0.67
WP-21-006	3.0	6.1	3.1	1.28	6.8	1.37
and	15.2	18.3	3.1	0.77	13.2	0.95
and	33.5	48.8	15.3	1.31	6.5	1.40
including	33.5	44.2	10.7	1.75	8.4	1.87

*   Gold Equivalent calculated at $1,800/oz gold and $25/oz silver
**  True thickness is estimated to be 70-90% of total thickness

2021 Drill Hole Table:

Hole ID	Easting UTM NAD 27	Northing	Elevation Meters	Azimuth	Inclination	TD (m)
WP-21-001	756410	4201030	2132	300	-45	274.3
WP-21-002	756418	4201000	2153	270	-45	207.3
WP-21-003	756451	4200913	2124	210	-45	152.4
WP-21-004	756452	4200916	2099	270	-45	146.3
WP-21-005	756380	4200944	2112	90	-50	158.5
WP-21-006	756333	4201006	2112	90	-45	182.9
WP-21-007	756372	4201110	2104	250	-60	195.1
WP-21-008	756317	4201023	2017	300	-45	167.6
WP-21-009	756333	4200956	2094	120	-70	128.0

Geology:

Historical mining activities at White Point focused on a 200 meters wide zone of sheeted veins within an andesite host rock which can be traced for 400 meters on surface prior to being obscured by post-mineral cover. White Point displays complex structures which not only control the extensive sheeted vein system but have down-dropped portions of the system where it is covered by the post-mineral tuff unit. In these down dropped areas more of the system should be preserved making them attractive drill targets. This cover occurs to the south and east of the White Point where the potential extension of the sheeted vein zone is separated from the Grey Eagle resource by one of the tuff-filled, down-dropped fault blocks. This is also the area where a major northeast trending fault system is projected to intersect the caldera margin which hosts the Grey Eagle resource.

• System Type: Low sulphidation epithermal system comprised of a sheeted quartz-calcite vein zone, surrounded by stockwork veining and brecciation.
• Strike-Length: The White Point target has a width of 200 meters and a strike-length of 400 meters before being obscured by post-mineral cover.
• Structural Geology: The structural setting at White Point is dominated by the intersection of a northeast-trending fault systems that controls the exposed vein system and is reflected in the orientation of the ZTEM resistivity anomaly with the caldera margin that hosts the Grey Eagle resource (see maps below). This projected intersection is under post-mineral tuffs.

Geophysics:

The White Point target is situated along a resistivity high anomaly which is also associated with the Grey Eagle resource, as identified in the airborne ZTEM geophysical survey (see maps below). This ZTEM feature can be traced for +2 kilometers to the northwest into areas predominantly covered by post-mineral colluvium (gravels). It highlights a strong resistivity response like that found in all of the current resource areas.

Geochemistry:

Mineralized zones consist of 0.5 to 5 meters wide quartz-calcite veins, strongly silicified breccias and extensive stockwork veining. Several historical mines exploited both individual veins and sheeted vein zones. GRC sampling has generated grades of up to 8.4 g/t gold from these historical workings. The potential for significant bulk gold mineralization is highlighted by some of GRC pas sampling where surface channel samples returned the following values:

Length of Channel Sample (metres)	Au (g/t)	Ag (g/t)
7.62	0.85	6.7
27.4	0.63	6.7
13.7	0.89	12.9
30.5	0.60	8.3
26.5	0.70	8.6

Recent geologic mapping with associated surface sampling by GRC has further defined the White Point target which is now drill ready. The recent sampling produced the following results with gold grades greater than 0.25 g/t Au (cutoff grade of the existing resources at Gold Springs). Previous sample results of the Company can be found below as well.

Table: Recent Rock Chip Sampling Results from White Point:

Sample ID	Company	Sample Type	Description	Au (g/t)	Ag (g/t)
87220	GRC	Dump	Stockwork veining	13.9	3.7
87250	GRC	Float	Banded/bladed quartz vein	0.29	3.4
87251	GRC	Discontinuous chip, 0.5m	Banded quartz-calcite vein	1.32	7.9
87254	GRC	Discontinuous chip, 2m	Quartz vein	1.04	4.1
87262	GRC	Grab	banded/bladed sheeted quartz vein zone	0.29	12.3

A cutoff grade of 0.25 g/t Au was used, which is the cutoff grade of the nearby Grey Eagle resource.

Table: Previous Rock Chip Sampling Results from White Point:

SAMPLE	Company	Sample Type	Description	Au (g/t)	Ag (g/t)
41556	GRC	Dump	1.5 metre quartz breccia	0.34	0.5
139513	GRC	7 meters channel	Clay altered andesite with 10% quartz -calcite stockwork	0.38	4.7
114375	GRC	Discontinuous chip 0.5 meters	Sheeted, banded quartz vein	0.44	1.4
114378	GRC	Discontinuous chip, 1.5m	Clay altered fault zone	0.31	10.4
114379	GRC	Continuous chip, 0.5m	Breccia with stockwork veining.	0.39	2.4
114381	GRC	Continuous chip, 1.5m	Quartz stockwork veining in relatively unaltered andesite.	1.06	16.3
114387	GRC	Continuous chip, 1m	Sheeted quartz-calcite veins	1.71	7.8
114388	GRC	Grab	Banded quartz-calcite vein.	0.42	6.1
114389	GRC	Discontinuous chip, 2m	Quartz-calcite vein.	2.03	8.6
114390	GRC	Discontinuous chip, 1m	Quartz-calcite vein.	1.41	6.4
114391	GRC	Grab	Quartz-calcite vein.	1.17	7.3
114392	GRC	Discontinuous chip, 2m	Quartz-calcite vein.	0.38	2.9
114403	GRC	Grab	Silicified breccia	0.25	1.5
114404	GRC	Float, 3x3m area	Vein float	0.75	5.1
114419	GRC	Float, 3x3m area	Banded and bladed white-light green quartz vein float.	1.31	8.4
114421	GRC	Float, 3x3m area	Banded and bladed white-light green quartz vein float.	0.78	9.1
114425	GRC	Float, 0.5m boulder	Sheeted veins	0.27	3.9
114427	GRC	Discontinuous, 1m	Calcite-quartz vein.	0.38	4.5
114428	GRC	Grab, 20cm	Quartz vein.	0.27	1.2
114429	GRC	Dump	Silicified breccia and massive quartz vein	0.43	2.8
114432	GRC	Grab, 15cm	Breccia	0.38	2.8
RM-17-103	GRC	Channel Sample	10 meters channel sample along road cut	1.02	4.1
RM-17-107	GRC		Stockwork veining	0.69	5.7
RM-17-108	GRC		Breccia	0.48	0.7
32402	GRC	3’ chip	Quartz-calcite vein	1.29	4.3
32406	GRC	Shaft dump	Quartz vein	0.87	2.7
32407	GRC	Dump	Banded quartz-adularia vein	8.44	8.9