Signal Gold Continues To Intersect High-Grade Gold at the Western Extension of Goldboro, Including 73.92 g/t Gold Over 3.8 Metres and 16.00 g/t Over 4.5 Metres

TORONTO, ON / ACCESSWIRE / September 12, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce additional assay results from its 5,179-metre diamond drilling program at the western extension of the Goldboro Deposit at its Goldboro Project in Nova Scotia ("Goldboro", or the "Project"), which was designed to target near-surface mineralization immediately west of the existing Goldboro Deposit with the goal of delineating additional open-pit Mineral Resources (Exhibit A and B). These results are in addition to the high-grade intercepts previously announced on July 24, 2024, and August 20, 2024.

"We continue to be excited with the drill results from the western extension of the Goldboro Deposit. These latest high-grade results continue to demonstrate continuity of the Goldboro Deposit to the west and the potential for additional open pit Mineral Resources outside the current Deposit. Five of the seven holes reported target the north-limb of the anticline further confirming a continuous system of gold mineralization on both the north and south limbs of the host structure. We believe there exists the potential to meaningfully grow the Goldboro Deposit and, through our ongoing regional exploration work, there remains significant opportunities for gold discovery within our consolidated land package in the historic Goldboro Gold District."

~ Kevin Bullock, President and CEO, Signal Gold Inc.

The recent assay results from a further seven (7) drill holes of the program intersected multiple high-grade zones of gold mineralization, along with nine (9) occurrences of visible gold, representing some of the highest-grade intercepts to date from this area. All results are uncut. Selected composited highlights (core length) from the recent assay results include:

• 73.92 g/t gold over 3.8 metres (150.5 m to 154.4 m) in drill hole BR-24-459; including 396.27 g/t gold over 0.7 m;

• 16.00 g/t gold over 4.5 metres (175.3 m to 179.8 m) in drill hole BR-24-459; including 44.8 g/t gold over 1.5 m; and including 79.00 g/t gold over 0.5 m;

• 40.25 g/t gold over 1.8 metres (76.8 m to 78.6 m) in drill hole BR-24-455, including 133.68 g/t gold over 0.6 m;

• 4.03 g/t gold over 3.2 metres (139.8 m to 143.0 m) in drill hole BR-24-455; including 23.51 g/t gold over 0.5 m;

• 20.28 g/t gold over 1.3 metres (183.2 m to 184.5 m) in drill hole BR-24-455; including 43.02 g/t gold over 0.5 m; and

• 51.93 g/t gold over 1.5 metres (42.9 m to 44.4 m) in drill hole BR-24-458; including 155.46 g/t gold over 0.5 m.

These results are part of the recently completed 5,179-metre diamond drilling program that comprised 26 drill holes (BR-24-440 to 465). Assays are pending for samples collected from drill holes BR-24-460 to 465 and will be reported as they become available. Selected composited highlights from the first fourteen (14) drill holes of this program previously reported include:

• 17.97 g/t gold over 2.5 metres (64.6 m to 67.1 m) in drill hole BR-24-450, including 87.15 g/t gold over 0.5 m;

• 19.00 g/t gold over 2.4 metres (259.6 m to 262.0 m) in drill hole in drill hole BR-24-449, including 37.88 g/t gold over 1.0 m, and including 14.31 g/t gold over 0.5 m;

• 12.57 g/t gold over 1.5 metres (198.0 m to 199.5 m) in drill hole BR-23-453, including 31.34 g/t gold over 0.5 m;

• 25.82 g/t gold over 0.6 metres (45.8 m to 46.4 m) in drill hole BR-24-448;

• 21.27 g/t gold over 5.0 metres (146.6 m to 151.6 m) in drill hole BR-24-441, including 187.13 g/t gold over 0.5 m and 13.13 g/t gold over 0.5 m;

• 23.37 g/t gold over 1.3 metres (108.6 m to 109.9 m) in drill hole BR-24-441; and

• 4.32 g/t gold over 1.9 metres (114.4 m to 116.3 m) in drill hole BR-24-441, including 13.62 g/t gold over 0.5 m.

Table 1: Selected highlight assays from drill holes BR-24-454 to BR-24-460.