CASSIAR GOLD INTERSECTS 46.5 M OF 1.12 G/T AU, 119.0 M OF 0.72 G/T AU AND 150.7 M OF 0.65 G/T AU FROM BULK-TONNAGE TAURUS RESOURCE AT CASSIAR NORTH

Calgary, Alberta--(Newsfile Corp. - January 12, 2022) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the "Company") is pleased to announce assay results from the final three diamond drill holes of its 2021 drill program at the Taurus Deposit ("Taurus") located in the Cassiar North area of the Company´s flagship Cassiar Gold Property in northern British Columbia, Canada. Taurus is host to a near-surface, bulk-tonnage Inferred gold resource of one million ounces grading 1.43 g/t Au^[1]. All three holes returned substantial intervals of gold mineralization from surface in the southwestern portion of the deposit, including a step-out drill hole located over 100 m from the resource model which significantly expands the deposit footprint and further indicates that mineralization is open to the south. The Company will host an investor webinar to discuss the full program results on Tuesday, January 18^th, at 12:00 pm EST (more details below).

Highlights:

• Drillhole 21TA-139, a step-out hole located 100 m south of the resource model, intersected 150.7 m of 0.65 g/t Au from 11.0 m downhole, including 5.6 m of 2.47 g/t Au and 9.3 m of 1.40 g/t Au.

• Drillhole 21TA-137 intersected 119.0 m of 0.72 g/t Au from 21.3 m downhole, including 4.8 m of 3.71 g/t Au.

• Drillhole 21TA-138 returned 46.5 m of 1.12 g/t Au from 12.7 m downhole, including 0.69 m of 18.80 g/t Au.

"These promising results cap off a drill campaign that has delivered exceptional intercepts in nearly every hole drilled across the Taurus Deposit," stated Marco Roque, President and CEO of Cassiar Gold. "We are thrilled to hit such an extensive interval of gold mineralization right from surface in a 100 m step-out hole which opens the resource for further expansion to the south and we are eager to return with a larger drill campaign in 2022. We also look forward to the timely reporting of results from 13 holes at Cassiar South where exploration has been aimed at testing multiple high-grade gold vein targets."

"The 2021 Taurus Drill program continues to indicate that much of the deposit is open beyond the limits of historical drilling that were previously confined by claim boundaries held by different owners. With the district now consolidated under Cassiar Gold´s ownership, these limitations have been removed," stated David Rhys, Senior Technical Advisor for Cassiar Gold. "Building upon the success of the 2021 program, the Company plans to take a more aggressive approach in exploring the Taurus deposit in 2022. This will include stepping out well beyond the existing resource and defining higher grade corridors within the known areas of the deposit to upgrade the existing resource base, as has been successfully achieved with our 2021 drill results."

Investor Webinar Details

The Company will host an investor webinar to discuss the significance of the 2021 Cassiar North drill results and their impact on future exploration work at the Taurus deposit. Both Mr. Roque and Mr. Rhys will present during the webinar and the presentation will be followed by a Q&A session. Details are below.

Date: Tuesday, January 18, 2022
Time: 9:00 am PST/10:00 am MST/12:00 pm EST
Registration Link: https://us06web.zoom.us/webinar/register/WN_cJf7QFQ7QaupXySxP3BAZA

A replay will be available at https://www.youtube.com/channel/UCsg_O12Rc85xJytdSmvtCsQ within 24 hours of the live webinar. Please submit any questions for the Q&A session to This email address is being protected from spambots. You need JavaScript enabled to view it.