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SODANKYLÄ, FINLAND – (March 4, 2025) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF) ("FireFox" or the "Company") is pleased to share a progress report and the latest results from its Kolho Property, located in northern Finland. The Kolho Property exploration campaign is operated by a subsidiary of Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico") pursuant to an earn-in Agreement announced on December 20, 2023 (the "Earn-In Agreement"). Exploration expenditures by Agnico on the property totalled approximately US$765,000 during 2024.

FireFox CEO, Carl Lofberg, commented on the update on the Kolho Property, "We are pleased with the steady ongoing work at Kolho. The tenement package is large and highly prospective, so it is important to see the application of large-scale systematic exploration on the ground. Even though this was the first year of activity on the first permit, it is encouraging to see gold and pathfinder element anomalies from the base-of-till sampling, and the geophysics is confirming our general interpretation of the structural setting and prospectivity. It is also not surprising to see further evidence for ultramafic rocks on the property with potential for Cu-Ni-PGE deposits. We look forward to seeing the pace of work increase in 2025 with the addition of a second base-of-till sampling rig and ongoing gravity surveys moving to the recently approved exploration permits."

The 2024 exploration activities were focused at the Nuttio permit, which was the first of the six exploration permit areas within the Kolho Property to have a fully approved exploration permit allowing for mechanized work. The 2024 activities included a detailed ground gravity survey covering the entire Nuttio permit (approximately 31 km²) and the initiation of a systematic base-of-till ("BoT") sampling campaign By the end of 2024, a total of 1,619 BoT samples were collected, with assay results for 1,325 of the samples reported. The results to date are encouraging: several gold-anomalous zones have been identified, accompanied by elevated levels of arsenic (As), bismuth (Bi), tellurium (Te) and copper (Cu), which are regarded as pathfinder elements commonly associated with orogenic gold systems in the Central Lapland Greenstone Belt (Figure 1). The highest gold value reported from the BoT samples was 0.116 grams per tonne of Au, accompanied by an anomalous copper value of 0.27% Cu.

The 2024 activities also included a ground gravity survey covering the Nuttio permit area. A total of 1,892 survey stations were measured with 125-metre spacing. The interpretation of the gravity data reveals the folding of the lithological units in the southwestern part of the project area as well as the large contact zones and NW-SW trending thrust zones seen throughout the whole project area (Figure 1). In the northern part of the permit area, these thrust zones appear to control the accumulation of significant ultramafic volcanic rocks as demonstrated by anomalous levels of elements such as chromium (Cr), nickel (Ni) and magnesium (Mg) in the BoT sample data.

The elevated chromium values, with a maximum value of 1,482 parts per million, form a cluster more than 1.1 km in length and 500m in width (Figure 2), which is believed to represent the peridotitic komatiites of the Sattasvaara formation of the Proterozoic aged Savukoski Group. According to the Bedrock of Finland Geological Database (1:200,000 scale) (Geological Survey of Finland, 2024), these ultramafic rocks are associated with most of the gold occurrences along the Sirkka Line, as well as at the Ikkari and Pahtavaara deposits owned by Rupert Resources Ltd. In addition to the encouraging gold and pathfinder element anomalies, the BoT sampling results indicate the potential for copper-nickel sulphide deposits within the Nuttio permit area, which can also be enriched in platinum group elements.

Figure 1. Gravity and Gold in BoT Sampling through 2024 at the Nuttio Exploration Permit.

During 2024, the Finnish Safety and Chemicals Agency (TUKES) granted two additional exploration permits within the Kolho Property, southeast of Nuttio: Rova and Hilla. Together, these newly approved permits cover approximately 51 km² along the major thrusted contact zone (Figure 3). Three additional applications for exploration permits, to the north of Nuttio, remain in progress at Kolho.

Exploration Plans for 2025

A detailed gravity survey was initiated on the Hilla and Rova permit areas. The systematic BoT sampling campaign will continue in the Nuttio area and is expected to move to the Hilla area during Q1 of 2025. The BoT sampling rate is expected to increase through the addition of a heavier drill rig with the capacity for combining top-of-bedrock (chip) and base-of-till drilling.

Figure 2. Airborne Magnetics and Chromium in BoT Sampling through 2024 at the Nuttio Exploration Permit.

About the Kolho Property

The +120 km² Kolho Property is a group of three exploration permit applications and three exploration permits (Figure 3) that occupies a prospective structural corridor northeast of Rupert Resources Ltd.'s Ikkari discovery and FireFox's Sarvi property.

Pursuant to the terms of the Earn-in Agreement, FireFox granted Agnico an exclusive right to earn a 51% interest in the Kolho Property by incurring exploration expenditures totalling US$5,000,000 before the fifth anniversary of entering into the Earn-in Agreement (the "Earn-in Grant Date"), of which US$2,000,000 will be a committed amount required to be spent on or prior to the third anniversary of the date that certain permits are granted in respect of the Kolho Property. For additional details with respect to the Earn-In Agreement see the Company's news release dated December 20, 2023.

 Figure 3. The Kolho Property.

Methodology & Quality Assurance

The technical information in this news release has been verified by detailed monthly reports and online meetings amongst FireFox Gold management and Agnico representatives. All BoT samples referred to in this news release were prepared at the independent laboratory facilities of CRS Laboratories Oy in Kemple, Finland, which operates as a subcontractor for Canadian MSALABS, which is a global provider of geochemical laboratory services for the mineral prospecting and mining industry. The BoT samples have been dried and sieved to a fine fraction at CRS Laboratories. The fine fraction of the BoT samples is tested for gold and 50 other elements with the IMS-131 method (20g true aqua regia, ICP-MS finish “ultratrace”) at MSALABS, in Langley, BC, Canada.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company's website and profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,

"Carl Löfberg"

Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this news release may include statements regarding: the intent to conduct additional exploration; the belief as to the location of the most prospective gold targets; the location of targets for future exploration programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2025. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content of this release.

SODANKYLÄ, FINLAND – (February 20, 2025) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report results from borehole (BHEM) and fixed loop (FLEM) electro-magnetic geophysical surveys executed at the East Target of the Mustajärvi Gold Project in Finland. The purpose of the surveys was to identify new drill targets for high-grade gold that may be associated with highly conductive rocks. Rocks that are high in pyrite tend to be conductive of electricity, making them excellent targets for these types of electromagnetic (EM) systems. The high-grade gold at Mustajärvi, encountered in numerous drill holes since 2019, is almost always associated with high concentrations of pyrite.  

Highlights of the successful campaign include:

• The observation that interpreted zones of semi-massive to massive pyrite (conductive zones) continue to the north and along strike beyond current drilling;
• Recognition of a persistent conductive horizon parallel to the Mustajärvi Shear Zone but over 400 metres south from the southernmost FireFox drillholes; and
• Two newly identified strong drill targets related to electrical conductors near to previously drilled holes.

FireFox Chairman and Co-Founder, Patrick Highsmith, commented on the geophysical survey, “The significance of a small geophysical survey like this is that we can test the technology over known high-grade mineralization and look for extensions and analogues. In this case, the FLEM and BHEM suggest the presence of more high sulphide targets both close to existing drilling and well away from existing drilling. We look forward to applying the method along more of the key structures at Mustajärvi. Between our careful application of structural geology, geochemistry, and geophysics, our technical team is confident that we have a long list of high-quality drill targets at Mustajärvi for 2025.”

Fixed-loop EM Results

The FLEM survey consisted of two NW-SE oriented surface profiles (Lines 1 and 2) with stations located every 50 metres, in this case yielding a total of 25 stations (Figure 1). An electrical source loop is used to induce current into the ground, and three directional components of the electromagnetic field are measured during data collection. The survey lines were oriented perpendicular to the orientation of the throughgoing Mustajärvi Shear Zone (MSZ), which is also the contact between the metasedimentary rocks of the Sodankylä Group to the north and the mafic and ultramafic volcanic rocks of the Savukoski Group rocks to the south. The survey lines also pass through the high-grade near-surface gold mineralization at the Mustajärvi East Target.

Figure 1. Location of the BHEM and FLEM surveys at the Mustajärvi East Target, showing drillholes.

The electromagnetic survey maps electrical conductivity, and more conductive rocks are considered prospective because of the possible presence of sulphide minerals, such as pyrite. Geophysicists model the conductive targets as “plates” to simulate a simple tabular shape for the conductive volume of rock. The FLEM survey identified multiple conductive plates that strike in a northeasterly direction and dip to the south. These plates have been interpreted as multiple stacked potential sulphide-rich horizons within the shear zone and in related dilatant zones (Figure 2). This is consistent with the stratabound nature of the gold mineralization so far drilled at Mustajärvi. 

The FLEM survey was successful at identifying relatively near-surface and proximal extensions from known high-grade and high-pyrite zones at the East Target.  One such possible semi-massive to massive pyrite plate (FLEM #1) measuring approximately 65 by 250 metres was interpreted as extending from known high-grade gold in the East Target.

Another target plate is made up of steeply SE dipping conductors, whose extents were estimated to be roughly 125 by 95 metres (FLEM #2). This zone is located on the southern side of drillholes 23MJ008 and 23MJ010 (Figure 2) at a likely depth of 40 to 130 metres.

Other conductive plates are more subtle (FLEM #3 and 4), perhaps due to greater distance from the transmitter and receivers, but the larger scale target plates are aligned consistently with the orientation of the shear zone. Drilling at the East Target has been closely spaced, so the encouraging FLEM survey results upgrade the need to drill these interpreted conductors farther north and east where the conductive rocks are projected onto the new exploration permits.   

Figure 2. 3D Perspective view of Mustajärvi East gold shapes (looking NE) with EM targets.

Borehole EM Results

FireFox has made limited use of downhole electromagnetic surveys at the Mustajärvi project, but those earlier surveys demonstrated correlation between gold mineralization and highly conductive zones.  However, most of the focus to date has been on near-surface exploration, where high-grade gold has been repeatedly discovered in shallow drill holes and trenches based on ground magnetics and surface geochemistry. As the team has successfully drilled gold to greater depths, such as the intercepts reported in 2024 to more than 250 metres below surface (see Company news release dated February 28, 2024), the team elected to conduct another BHEM survey around existing deeper boreholes where ground magnetics cannot penetrate.

In this most recent BHEM campaign, three drillholes in the East Target (23MJ011, 23MJ012 and 23MJ013) were surveyed with one 350 by 300 metre transmitter loop to measure conductivity responses in and around the boreholes (Figure 1). These holes were chosen for the survey because they contained deeper gold mineralization and the holes comprise a NNW-SSE oriented drill fence, facilitating better interpretation of results. Holes 23MJ011 and 23MJ012 were collared at the same location and drilled in the same direction but with the latter drilled at a steeper angle. Hole 23MJ013 was collared approximately 75 metres southeast from these holes.

Each of the surveyed holes provided information about the presence of conductors that have not been drill-tested. The BHEM survey identified multiple conductive plates that strike in a northeasterly direction and dip to the south. This orientation again parallels the MSZ. These conductive plates are likely indications of high concentrations of sulphide minerals along the key structure. The plates are shown along the MSZ in Figure 2 relative to the outline of drill indicated gold. Not only do the targets offer encouragement along strike and down dip, but they also support the concept of multiple high-sulphide zones stacked within the host rocks.

The BHEM survey results for the three drill holes in the East Target identified several moderate to strong conductors, some of which were clearly related to known drill intercepts of high sulphide mineralization in these holes.  In several cases, the survey detected what are called off-hole conductors, conductive bodies that are discrete and detached from the drill holes. As shown in Figure 2, the off-hole conductor targets occur at moderate depths, between 90 and 215 metres below surface.

One significant off-hole conductor was detected near drill hole 23MJ013 (BHEM #1) at 180 to 215 metres below surface (BHEM #1). This plate corresponds well with a mineralized interval reported of 13.5m averaging 3.16 g/t gold in a Company news release dated February 28, 2024. This intercept occurred just below the major structural contact between the Savukoski and Sodankylä group rocks, where semi-massive to massive pyrite was noted. This structural zone has already proven to be an important host of gold, and the team is excited to see this geophysical survey prove so useful in identifying such conductive zones.    

Another off-hole target, which is obscured in the figure, was extremely conductive, higher than the model suggests is possible from the mineral pyrite alone. The presence of significant pyrrhotite or a black shale could possibly explain such values, but neither of these are known to exist at Mustajärvi.

Conclusions

The conductor plates appear to confirm a model that the FireFox team has been developing wherein the sulphide minerals occur in pockets or discontinuous pods of intense accumulation. The conductors can be seen to pinch and swell along strike and downdip. Similarly, FireFox drilling and trenching has revealed high-grade gold mineralization having apparently limited continuity, such as the following intercepts:

• 85m at 28.74 g/t gold in 22MJ006
• 5m at 13.09 g/t gold in 22MJ021
• 55m at 14.34 g/t gold in 22MJ025
• 45m at 7.69 g/t gold in 21MJ010 and
• 87m at 59.12 g/t gold in Trench 2023 - 1.

In each of these cases, pyrite was the primary gangue mineral associated with gold, often occurring in pods or boudins of semi-massive to massive sulphide. These pods or pockets of sulphide mineralization are exactly the phenomenon that the new geophysical data appear to be detecting. While drilling at Mustajärvi has repeatedly returned drill intercepts averaging more than 10 g/t Au (12 drill holes have exceeded 90 gram-metres of gold in grade thickness), such high-grade zones are often not continuous over great distances. The team intends to use more BHEM and FLEM to map these discontinuities and better predict the high-grade gold in future drill campaigns.  

Even though this survey tested only a small section of the Mustajärvi Shear Zone, the geophysical targets offer encouragement for drill targets beyond current drilling to the northwest, southeast and downdip (Figure 2). Not unlike other orogenic gold systems, a challenge at Mustajärvi is discerning the controls on the bonanza grade gold. The grade distribution and drill targets are complicated by deflections in the shear zone, crosscutting structures, and changes in host rock, among other variables. These small-scale surveys have shown the value of both FLEM and BHEM in mapping conductive bodies that conform with the controlling structures and known patterns of high-grade mineralization.

FireFox controls more than 3 kilometres of the MSZ, and widely spaced drilling has returned significant gold along approximately 1.7 kilometres of that structure. The Company plans to make use of these electromagnetic methods to fill in between the known high-grade gold and to extend exploration along this shear zone and to analogous structures elsewhere on its tenements. The interpreted FLEM conductive horizon to the southeast of the East Target appears to follow another major structure that may be analogous to the MSZ (Figure 3). The technical team is excited to test this feature as it projects to the northeast onto the Company’s new eastern permits.

Figure 3. Follow-up targets from EM conductors at East Target.

Methodology & Quality Assurance

The borehole and fixed-loop electro-magnetic surveys were conducted by Finnish geophysics provider GRM-services Oy, by using a TEM transmitter system. The BHEM data was acquired by measuring with the EMIT DigiAtlantis receiver system and EMIT DigiAtlantis borehole probe, which measure the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing along hole (A-component), and two perpendicular components (namely U and V- components). The surveys were performed with 5Hz frequency and 40A current. The holes were measured in one piece from the collar with surveys having 5-10 metre station separations, where the general 10m separation was dropped to 5m separation around the surface-high-grade gold mineralization.

The FLEM survey was carried out with 50m station separation, where the total number of stations was 25. Surface profile data was acquired with the EMIT SMARTem24 receiver system and EMIT SMART Fluxgate sensor, which measure the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing upward pointing (Z-component) and two perpendicular components (namely X and Y-components).  The modelling was done using Maxwell software and plate models. All maps have been created within the ETRS89-TM35FIN Coordinate System (EPSG:3047).

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR+ website.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2025. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (January 16, 2025) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to announce details from two new targets at its 100%-controlled Mustajärvi Project. FireFox has been growing the land position at the project over the last three years, and Company geologists have identified several structural targets in new areas that are hundreds of metres from previous drilling. In addition to strongly mineralized grab samples, the Triangle Target has benefitted from a modest trenching program that revealed highlights of 1.83 g/t and 1.425 g/t gold over one metre diamond saw cuts. The second new target is called Pikkulehto, and it is located approximately four kilometres east of the main Mustajärvi permit. Pikkulehto is ideally situated among splays of the important Venejoki Shear Zone (VSZ), but glacial sediment cover obscures outcrop.

The Triangle Target lies approximately 700 metres northwest from the high-grade gold mineralization of the East Target (Figure 1). During the fall exploration program, the team excavated a single thirteen-by-six-metre exploration trench near the location of several grab samples that returned 4.82 and 4.41 g/t gold, as previously reported (see Company news release September 17, 2024). The target was discovered by prospecting along an interpreted fault zone that follows a topographic depression that strikes NNW-SSE. The new trench exposed altered bedrock, but deeper overburden in the drainage prevented a full test of the interpreted structure. 

Pikkulehto is the easternmost of several new permits that comprise the Mustajärvi Project. Regional magnetics suggests a favourable setting in the area as faults appear to juxtapose magnetic highs and lows, similar to the Mustajärvi Shear Zone, from which FireFox has been reporting high-grade gold since 2019. During the fall of 2024, Company geologists completed detailed ground magnetics surveys over the Pikkulehto permit. A subsequent interpretation of the detailed data suggests the presence of hydrothermal alteration and possible dilatancies related to through-going faults, including splays of the crustal-scale Venejoki Shear Zone. Since there is little or no outcrop, the new Pikkulehto target will be tested with base-of-till (BoT) sampling, the exploration tool that led to the Ikkari discovery by Rupert Resources.

FireFox CEO Carl Lofberg commented, “These new results are significant because Mustajärvi has been perceived as a small target. Along only two kilometres of strike length of the Mustajärvi Shear Zone, we have reported numerous high-grade drill holes and two trenches containing better than 10 g/t gold mineralization. The +4 g/t gold samples at the Triangle Target are more than 500 metres from any previous drilling. Pikkulehto is 4 kilometres from the Mustajärvi drilling. Both of these targets add several more kilometres of undrilled controlling structure to the already-rich Mustajärvi discovery. Stay tuned for further results and drilling from these areas in 2025.” 

Figure 1 - Mustajärvi exploration permits and new targets over regional total magnetic intensity.

Triangle Target Details

The FireFox team discovered the area during the 2024 exploration program through systematic detailed mapping, during which they encountered an outcrop of massive to semi-massive hematite, later confirmed by assay to be gold mineralized. The anomalous grab samples and the trench sit on the margin of an interpreted NNW-SSE striking fault zone that runs through a topographic depression. Since the excavator could not penetrate the deeper cover in the depression, the full width and extent of the alteration and fault zone are not known at this time. Even though gold mineralization is only known so far on the margin of the structure, the target is believed to have room to grow because the magnetic low (and topographic low) persists for hundreds of metres to the south (Figure 2). 

Trench1

The first trench excavated in the Triangle Target was thirteen metres long and six metres wide, oriented WSW-ENE (see Figure 3). The orientation was determined based on the preliminary interpretation of a NNW-SSE striking fault zone located in the adjacent topographic low. The trenching confirmed the mapping observations and also provided useful information about the orientation of the mineralization.

The trenching revealed a zone of significant alteration, including massive to semi-massive hematite, clay, and cross cutting quartz veins. The rocks exposed in the trench were weakly to strongly mineralized in gold, including 1.83 and 1.425 g/t in the channel cuts and 1.37 and 0.59 g/t in grab samples.

Figure 2 - The Triangle Target relative to the East and Northeast Targets over detailed ground magnetics.

The trench clearly revealed multiple NNW-SSE trending zones of alteration parallel to the interpreted fault zone and topographic depression. The rocks are deeply weathered, so much of the original textures and mineralogy are destroyed. The host bedrock is interpreted to be metasediments of the Sodankylä group. The presence of abundant iron oxide suggests that some of that oxidation may have come from supergene alteration of sulphide minerals, but sampling encountered no fresh pyrite in the excavation.

FireFox geologists mapped the trench from west to east (least altered to most altered). The units are described from west to east as weakly altered metasedimentary rocks, hematite-stained metasedimentary rocks, kaolinite zone, fragmental quartz vein zone, and hematite zone (Figure 3). The hematite content increases with proximity to the interpreted fault, and the highest gold grades occur in the iron-rich unit. The quartz vein zone also contains remnants of veins with abundant hematized cavities. The kaolinite zone appears to be transitional between the hematite and quartz and the weakly altered metasedimentary rocks, and the clay alteration is similar to that recorded in trenching at the Mustajärvi Central and East Targets.

The geologists elected to cut two diamond saw channels along the trench perpendicular to the interpreted structure and the strike of the alteration zones. Each channel sample was approximately 1.0 metre in length.

Figure 3 - Trench 1 at Triangle target with gold results and geology on air photo.

The channel sampling of Trench 1 returned notable gold mineralization in three samples, where the gold content was above the cut-off of 0.5 g/t (see Table 1). Channel 1 was 12.89 m long and contained a single metre interval of 1.425 g/t Au, with the surrounding samples also containing highly anomalous gold levels. Channel 2 contained a zone of two metres averaging 1.34 g/t Au, which was also surrounded by highly anomalous, but below cutoff grade gold. In addition, two of the grab samples taken from the trench contained 1.37 g/t and 0.589 g/t Au, respectively. 

Table 1. Channel Samples from Triangle Target Trench1 (West to East).

Pikkulehto Program details

FireFox’s 100%-owned Pikkulehto exploration permit area is located approximately four kilometres east of the main Mustajärvi permit, and it covers roughly 3.2 km². Pikkulehto lies within splays of the Venejoki Shear Zone, an important crustal scale shear zone that intersects with the Sirkka Shear Zone to the northeast. The property is also close to the interpreted contact between the Sodankylä and Savukoski Group rocks, a contact that hosts high-grade gold at the main Mustajärvi permit. Based on the current understanding, the bedrock geology includes quartz-rich metasedimentary rocks, gabbros and mafic volcanic rocks, while graphitic schists and cherts of the Savukoski Group lie less than one kilometer to the northwest from the permit. Two historic gold occurrences, Pikku-Mustavaara and Tuongankuusikko, are located within approximately a 1 km radius from the permit boundary (see Figure 1). In the past, the Geological Survey of Finland (GTK) and Outokumpu conducted limited exploration within the permit area, including four drill holes with depths less than 20 metres, and minimal surface sampling (18 till samples); no significant gold was reported.

New detailed ground magnetic surveys provide better insights into the structural complexity present in the permit area. The southern parts of the permit are cut by a roughly E-W trending magnetic low anomaly interpreted as an ENE-WSW trending fault zone with multiple bends or jog-like geometries (see Figure 4). These are interpreted as dilational jogs in a dextral strike-slip fault zone, similar to those seen straddling the Mustajärvi Shear Zone. Similar types of fault zones are also interpreted to the north and south of this ENE-WSW trending structure. There is good evidence that this structural system is linked to the adjacent Venejoki Shear Zone, which itself is connected to the Sirkka Shear Zone (a major D1 structure) (Figures 1 and 4).

The faults interpreted within the Pikkulehto permit could represent splaying branch faults from the Venejoki Shear Zone (Figures 1 and 4). Interestingly, within the Pikkulehto permit area, these ENE-WSW trending fault zones seem to delineate low-magnetic lens-like geometries, which may indicate hydrothermal fluid activity. There are also later northeast striking faults crosscutting the area, likely the D3 event known to host gold.

Figure 4 - Ground magnetics interpretation in the Pikkulehto permit area. Black arrows indicate E-W directed tension related to the N-S trending D4 faults.

The abundant structural intersections from multiple generations of faulting combined with the variable magnetic response, resemble the setting at the Central, Northeast, and East zones at the main Mustajärvi permit, where high-grade gold has been drilled repeatedly since 2019. These analogues to nearby gold mineralization and structural patterns observed at Pikkulehto highlight the potential for gold discovery in the area. Until recently, the Firefox team had solely performed bedrock & boulder mapping and ground magnetic surveys in the area. It is clear now that the glacial sediments obscure the bedrock sufficiently to warrant a BoT sampling survey at Pikkulehto so that these structural targets can be tested.

Methodology & Quality Assurance

The trenching campaign was conducted in an accessible area with limited young forest cover, minimizing environmental impact. To maintain the safety of the working team the trenches were gradually sloped and slightly extended in width.  The channel sample intervals were measured with a measuring tape, the measurement results were refined with a high-precision RTK-GPS device. Trenches were channel sampled with a diamond saw for the entire exposure in order to extract large consistent samples while cutting primary structures and veins as close to true thickness as possible.  Where the rock integrity was compromised by weathering and alteration, geologists collected the samples with hammer and chisel. 

Samples reported in this news release were collected by FireFox geologists, who transported the samples to the Company’s secure facility in Sodankylä. After documentation and insertion of quality assurance samples, the rock samples were delivered to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland.

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks inserted by Firefox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry. 

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2025. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. 

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SODANKYLÄ, FINLAND – (December 11, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) reports results from the fall exploration program at its 100%-held Jeesiö Project in Lapland, Finland. During the late summer and fall of 2024, the technical team focused on the southern end of the Jeesiö property, including the prospects KJ Hill, KJ South, and Saittavaara where rock sampling has repeatedly yielded encouraging results. The current program included limited scale trenching, mapping, and sampling. The trenching campaign at the KJ Hill prospect exposed a substantial zone of gold-mineralized quartz veins within a N-S striking deformation zone along the hillside. Channel samples collected from the vein zone graded 14.62 g/t gold over 2.84 metres, 2.69 g/t gold over 3.38 metres and 1.85 g/t gold over 1.69 metres.

Farther south on the same project, FireFox has expanded the size of the Saittavaara gold prospect with strong gold results from new surface sampling. The team followed the northwest trending magnetic-low corridor into zones of strongly sericite-altered and deformed quartzite with abundant iron oxide staining, which yielded gold values in rock samples of 3.16 g/t, 3.05 g/t, 2.61 g/t, and 2.57 g/t. This new gold-rich showing extends Saittavaara more than 800 metres from previous sampling to span a trend of more than 1.6 kilometres with significant gold showings.

Carl Lofberg, CEO, commented “There are now several significant gold occurrences over the large Jeesiö Project. In recent years, we have added detailed ground magnetics across the southern part of the property, and now we can see the relationship of these gold showings to the NE and NW striking faults, which are important in controlling gold in this part of Lapland. Our geologists have done great work to persist in their prospecting, and now we have collected numerous high-grade rock chips from KJ South up to the KJ Hill target – which are completely undrilled. The team has also expanded the Saittavaara showing another 800m north, well away from the very limited drilling we did there in 2021. These new targets are advancing Jeesiö upwards on our list of priorities.”

Jeesiö Project Program Details

The 100%-controlled Jeesiö Project covers approximately 71 km² along one of the major trans-crustal structures that control the emplacement of numerous orogenic gold deposits in Lapland. The main Jeesiö targets include the Utsamo and Kataja Belt areas. From south to north, the Kataja Belt consists of three gold prospects: Saittavaara, Katajavaara South (KJ South) and Katajavaara Hill (KJ Hill) spanning at least 3 kilometres. These are apparently related to northeast-trending younger fault zones and to a major left-lateral fault zone that continues from these three prospects further towards northwest and southeast. The high-resolution airborne magnetics data reveal multiple generations of folding and faulting across the southern part of the property (Figure 1).

Figure 1. Magnetics interpretation and target areas on Jeesiö property.
The area of exploration trenching in 2024 is marked with black box.

KJ Hill

The 2024 exploration trenching campaign at Jeesiö was focused on the KJ Hill prospect, which is located approximately 900 metres to the north of KJ South along the trend of a N-S oriented magnetic feature. Along the eastern slope of the hill, there are fields of locally derived boulders displaying abundant mineralized quartz veins intruding metasedimentary (arkose and quartzite) and mafic igneous rocks. FireFox collected grab samples from surface boulders of these quartz veins in 2020, including one sample with 4.73 g/t Au (see Company news release datedOctober 6, 2020). This trend of anomalous samples is approximately 400 metres long and appears to be associated with a younger structure that crosscuts the north-trending magnetic anomaly in a northeasterly direction. This outcrop area was part of the 2022 exploration trenching campaign, which unearthed more narrow gold-bearing structures, including a high-grade quartz vein with 33.60 g/t Au from the KJ Hill prospect (see Company news release dated January 25, 2023). To improve understanding about the extent of the mineralized system, FireFox continued the trenching at this prospect in September 2024.

During the 2024 exploration trenching campaign at KJ Hill, the team excavated two NNE-SSW trending trenches. The first was 11 metres long and excavated parallel to the NNE-SSW trending fault zone. The exposed geology consisted mostly of strongly carbonatized mafic intrusive rocks, siliciclastic metasedimentary rocks, and quartz veins that contained disseminated pyrite, magnetite and goethite. Geologists collected two channel samples – one channel sample perpendicular and another sample parallel to the trench, and several grab samples. The channel sample cut perpendicular to the shear zone returned 0.59 g/t Au over 1.09 metres (Table 1).

Table 1. Highlights of the Kataja Hill assays with selected pathfinder elements. Bismuth (Bi) and Tellurium (Te) show positive correlation with the gold (Au) values in the area.

Figure 2. Map of quartz vein swarms and lenses in trench KT24-2.
Quartz veins can be seen to deflect in association with fault zones.

The second trench (KT24-2, Figure 2) was approximately 40 metres long and included several smaller side cuts. The lithology consists of siliciclastic metasedimentary rocks cut by quartz vein swarms and lenses. The contacts between the veins and metasediments sometimes contain traces of disseminated pyrite and magnetite with secondary goethite. The metasedimentary rocks are strongly schistose, the dominant fabric striking to the NNE. The vertical to subvertical quartz vein swarms usually strike northerly (NE to NNW), somewhat oblique to the schistosity. However, the veins occasionally deflect parallel to the schistosity planes, indicating strong right-lateral ductile deformation was likely present during or before the vein formation. The right-lateral fault zones shown on Figure 1 are likely related to the so-called D₃ deformation event in Lapland; and these faults are concordant with local schistosity as evidenced by measurement of sub-horizontal slickensides on the deformed rocks.

FireFox geologists collected 19 channel samples from trench KT24-2, 15 of which were taken along the quartz vein swarms and four were perpendicular to the swarms and local rock fabric. The strongest results were from quartz vein samples, including 14.62 g/t Au from an individual 2.84 metre channel sample, 2.69 g/t Au from a 3.38 metre-wide channel sample, and 1.85 g/t Au from a 1.69 metre-wide channel sample. These results contribute to the widespread gold occurrences at the Katajavaara prospect, which remains undrilled and open in every direction.

The FireFox team believes that these narrow gold showings are expressions of structural leakage from a larger gold system that may be controlled by the major NW trending shear zone in Figure 1. As this major shear zone continues to the northwest, it intersects different lithology and hosts magnetic lows that now occupy topographic lowlands where swamps have formed.

Saittavaara Prospect

The FireFox team has now identified new targets from detailed ground magnetics surveys in the southern and southwestern parts of the Jeesiö project area, which correspond well with prospecting efforts in 2023 and 2024, as previously reported (see News Release dated February 22, 2024, and September 17, 2024). Previous mapping and sampling in this area highlighted a package of gold-mineralized highly-deformed quartz-rich metasedimentary rocks and a corresponding magnetic-low corridor. The magnetic feature strikes NW-SE and is interpreted to be cut by multiple faults. The dominant lithology at Saittavaara is quartzite, often showing signs of alteration with sericite and iron oxide (Figures 3 and 4).   

Earlier sampling in the area was encouraging, including rock chip samples of 5.04 and 6.28 g/t gold. During the fall of 2024, geologists pushed this trend approximately 800 metres to the northwest from the previous occurrence by collecting 15 additional samples, which again yielded significant gold values including multiple samples over 2 g/t Au (Table 2). The geochemistry in this area is a bit different, as peak molybdenum (Mo) values reach almost 0.24% in these rocks. The association of high-grade gold with Mo, Bi, and Te has been noted at Mustajärvi and other of the Company’s projects.  

Table 2. Highlights from the Saittavaara area gold occurrence. Coordinates presented in EPSG:3067.

Figure 3. New gold-rich grab samples on magnetic map of Saittavaara area.

Figure 4. Strongly deformed, oxidized and mineralized sericite quartzite outcrop; sampling returned 2.61 g/t gold and 0.24% Mo.

Methodology & Quality Assurance

Rock chip samples reported in this news release were collected by FireFox geologists, who transported the samples to the Company’s secure facility in Sodankylä. After documentation and insertion of quality assurance samples, the rock samples were delivered to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Samples assaying above 10 g/t gold are automatically re-assayed by a 50-gm fire assay with gravimetric finish (method Au-GRA22). At FireFox’s request, these overlimit assays were completed in triplicate in order to evaluate the homogeneity of the gold in the prepared samples. Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland. ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The FireFox QA/QC program, which consists of insertion of certificated standard material and blanks by FireFox into the analytical batches, did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (November 21, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) announces the completion of a successful new exploration trenching campaign that has extended surface high-grade gold mineralization at the East Target, within the Company’s 100%-held Mustajärvi Gold Project in Lapland, Finland. A new trench at the East Target cut 10.1 metres averaging 13.79 g/t gold. This result builds on the first trench on the target in 2023 that reported bonanza gold grades of 6.87 metres averaging 59.12 g/t gold (see July 27, 2023 news release).

The new trench excavated in October 2024 stepped out approximately 35 metres east-northeast from the 2023 trench (see Figure 1). Beneath approximately six metres of glacial overburden, Trench 1-2024 revealed multiple high-grade gold samples in addition to the continuously mineralized 10.1 metre interval, including cross-cutting channel samples of 24.8 g/t, 22.6 g/t, and 17.6 g/t gold and grab samples of 180.5 g/t, 33.4 g/t, and 17.95 g/t gold. 

A second trench of the October campaign (Trench 2-2024) stepped out 30 metres on the opposite side of the 2023 trench (southwest). While the mineralization encountered in the second trench was lower grade, the channel samples returned a zone of 2.0 metres averaging 2.56 g/t gold, along with several other 1 metre channels containing more than 1.0 g/t gold and one channel cut of 6.34 g/t gold. 

Carl Lofberg, FireFox’s CEO, commented about the new results, “Our latest trenching at Mustajärvi has once again revealed high grade gold beneath only five or six metres of overburden. This is important because it reminds us that the comparatively thin overburden in this part of Lapland can easily obscure high grade gold deposits that could be surface mineable.  The East Target now boasts a corridor at least 70 metres along strike and more than 10 metres wide with significant gold coming very close to surface. There aren’t many first-tier jurisdictions in the world where +10 g/t gold can still be discovered in trenches within 80 metres of a paved highway. In addition to the recent trenching at the East Target, our team has also been conducting electrical geophysics to target the high-grade East Target at depth, and our continued prospecting has also identified new prospects well away from any drilling.”

Figure 1. Mustajärvi East Target Exploration Trenches with Drill Results

The sample grades disclosed herein represent only the gold concentration in the specific material collected. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in these targets being delineated as a mineral resource.

Discussion of Results

Trench 1-2024

The first trench of the program (Trench 1-2024, see Figure 2) was located approximately 35 metres east-northeast of Trench 1-2023, and approximately 20 metres northeast of drill hole 22MJ006 that returned a 13.85-metre interval averaging 28.74 g/t gold starting at 24.2 metres downhole (see news releases dated July 13, 2022 and September 6, 2022). The trench was 14 metres long and 1 metre wide, oriented northwest-southeast. The trench revealed strongly weathered and altered bedrock below glacial sediments of varying depths, from 5.0 metres at the northern end to 6.5 metres at the southern end of the trench. Increasing depth of unconsolidated overburden limits the southern extent of both Trench 1-2023 and Trench 1-2024. 

Most of the rocks exposed in the trench were intensely clay altered and weathered, exhibiting strong evidence of oxidized sulphide minerals and having virtually no original textures preserved. The clay-altered unit is interpreted to be the intermediate tuffite, which is commonly observed in drilling as host to the gold mineralization at Mustajärvi East. In addition to kaolinization, the rocks are also sericitized and hematized, leaving relict tourmaline both disseminated and veinlet-hosted. There are a few narrow quartz veins that 

Figure 2. Mustajärvi East Trench 1-2024 Geology and Assays on Air Photo

strike northwest to northeast and dip to the west. The clay-altered and mineralized unit continues at least to the southern end of the trench. The remarkable orange-red colour of the weathered bedrock is likely the result of oxidation of large amounts of pyrite, so, much of the exposure may be called a gossan. Fresh pyrite is only rarely observed due to near-pervasive oxidation.

Channel sampling of Trench 1-2024 returned high-grade gold mineralization in multiple samples as shown in Table 1.  Channel 1 was sampled parallel to the trench and sub-orthogonal to the rock units and returned 10.1 metres that averaged 13.79 g/t Au (uncut). Channels 2 through 4 were sampled orthogonal to the trench and subparallel to the rock units. A nominal one-meter-long sample was collected in each, and all returned very high gold grades, ranging from 17.6 g/t to 24.8 g/t as shown in Table 1 and Figure 2. 

FireFox geologists also collected nine grab samples from the trench exposure, including three high-grade samples of 180.5 g/t, 33.4 g/t, and 17.95 g/t gold (See Table 2). These highly mineralized samples were also intensely clay-altered metasedimentary rock with relict quartz-tourmaline and/or quartz veins.   

The northernmost four metres of Trench 1-2024 comprised strongly foliated and altered metasedimentary rocks, likely including intermediate tuffs and volcanically derived sediments (shaded green on Figure 2). These rocks contain magnetite and are altered with sericite and iron carbonate, but they contain very little gold. This unit dips steeply to the southeast, which is consistent with most of the Mustajärvi Shear Zone. There is a sharp contact between these metasediments and the weathered tuffites that host mineralization.

The mineralization exposed in the trench was broadly similar to the style and intensity of alteration evident in Trench 1-2023. However, geologists have estimated that the original sulphide content may have been lower in the 2024 trench, based in part on the less abundant and intense red and orange colours of the gossan. All these samples were thoroughly oxidized, and this supergene process may locally enrich gold grades relative to fresh rock. More work will be required to ascertain the degree (if any) of supergene enrichment. The same observation has been noted about high-grade gold in oxidized drill core from Mustajärvi.

Trench 2-2024 

The team cut the second trench (Trench 2-2024, see Figure 3) approximately 30 metres southwest of exploration Trench 1-2023. The new trench was also approximately 25 metres southwest of drill hole 22MJ021, which intercepted 15.5m of 13.09 g/t gold, beginning just below the glacial overburden at 11 metres downhole (see news release dated January 18, 2023). This trench was also northwest-southeast oriented, with dimensions of 8 metres long and 3 metres wide. The exposed bedrock was visibly very similar to Trench 1-2024, containing strongly weathered and altered bedrock with varying degrees of foliation and preserved original textures beneath glacial sediments.  

The extent of gold mineralization in Trench 2-2024 was more limited and lower grade than in Trench 1. However, the central part of the trench was consistently gold mineralized (See Figure 3 and Table 1). Geologists cut Channel 1 parallel to the trench and sub-orthogonal to the rock units, and it included 2.0 metres that averaged 2.56 g/t Au (uncut). Channels 2 and 3 were sampled orthogonal to the trench and subparallel to the rock units, and they returned notable results of 1.03 metres at 6.34 g/t Au in Channel 2 and 2.01 metres averaging 1.52 g/t Au in Channel 3. There is also a broader zone of lower grade gold around these intervals.

 Like Trench 1-2024, the rocks in the northern part of Trench 2 were strongly foliated and altered metasedimentary rocks, likely of volcanic origin. The unit contained sericite, iron carbonate alteration, and magnetite, imparting a darker colour, but the northern part of the trench is again very low in gold. Geologists recognized the intermediate tuffite in this trench as well, noting clay alteration and deep oxidation after sulphides as the likely reason for the destruction of original textures. The geological log also noted locally strong albite alteration, silicification, and iron carbonates, but hematite and sericite alteration was generally less than in Trench 1-2024. Geologists reported minor fresh pyrite from this trench, as well as relict disseminated and vein hosted tourmaline associated with the gold mineralization. 

These lower grade intervals of surface gold are significant because they extend the area of surface or shallow gold mineralization considerably to the south and southwest. Trench 2-2024 is well away from known significant near-surface gold at Mustajärvi East. Furthermore, the contact with the strongly foliated iron-carbonated metasedimentary rocks (shown as green on the figures) appears to be shifted well to the south in this trench. This is a good indication of a fault cutting across the Mustajärvi Shear Zone in the vicinity of 

Figure 3. Mustajärvi East Trench 2-2024 Geology and Assays on Air Photo

these trenches, possibly quite close to Trench 1-2023. FireFox has previously noted evidence of such cross-faulting in its detailed magnetics survey. This new evidence of cross faulting is expected to help the Company target more high-grade gold in future drilling and trenching.

 Table 1. Channel Samples from Trenches 1 and 2 (North to South) – Gold by Screen Fire Assay 

Table 2. Grab Samples from Trench 1-2024 – Gold by Screen Fire Assay (Coordinates presented in EPSG 3067)

Methodology & Quality Assurance

The trenching campaign was conducted in an accessible area with no forest cover, minimizing environmental impact. To maintain the safety of the working team the trenches were gradually sloped and slightly extended in width.  The channel sample intervals were measured with a measuring tape, the measurement results were refined with a high-precision RTK-GPS device. Trenches were channel sampled with a diamond saw for the entire exposure in order to extract large consistent samples while cutting primary structures and veins as close to true thickness as possible.  Where the rock integrity was compromised by weathering and alteration, geologists collected the samples with hammer and chisel. 

FireFox team members transported samples to an ALS sample prep lab in Sodankylä. The samples were crushed to -2 mm and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by screen fire assay (AU-SCR24).

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The FireFox QA/QC program consists of insertion of certificated standard material and blanks inserted by FireFox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.For more information, please refer to the Company’s website and profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry. 

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. 

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SODANKYLÄ, FINLAND – (September 17, 2024) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or the “Company”) is pleased to announce results from its summer exploration program and plans for additional work before winter. The Company focused its summer work on two of its 100%-controlled projects in northern Finland: Mustajärvi and Jeesiö (Figure 1).

The effort at Mustajärvi is aimed at expanding the footprint of gold mineralization beyond the three zones already identified in drilling and trenching over the last several years. The project has yielded numerous strongly mineralized intervals from drilling, including 13.85m at 28.74 g/t gold from 24m down hole (22MJ006) and 15.5m at 13.09 g/t gold from 11m down hole (22MJ021). The first trench from Mustajärvi East in the summer of 2023 also included outstanding results of 6.87m of 59.12 g/t gold (only 80m from a highway).

Outcrop at Mustajärvi is rare, as most of the property is covered by variable deposits of glacial sediments. However, recent prospecting has discovered a new prospect with outcropping gold mineralization, including rock chip samples of 4.82 and 4.41 g/t gold. The new target is approximately 500 metres away from the nearest drilling. Fill-in base-of-till (BoT) sampling also continues to highlight structures and aid in the interpretation of the deposit. Company geologists are preparing a small trenching campaign to follow-up on last year’s success at Mustajärvi East and increase the exposure around the new prospect. The team also aims to conduct some magnetics and electromagnetic surveys ahead of a planned winter drill program.

Jeesiö is a large project with numerous targets across different settings. Since 2021, FireFox has enjoyed modest success in the south of the property from very limited work. This summer and fall, Company geologists are adding detailed ground magnetics in areas of encouraging rock sampling. The new magnetics data suggest that gold in rock samples (33.6 g/t, 6.39 g/t, 7.79 g/t, 5.04 g/t and numerous others) in the Kataja and Saittavaara areas may be related to NW-SE and NNE-SSW trending D3 and D4 structures that trend under cover to the north and appear to intersect magnetic lows. Magnetic lows are often indicative of alteration and gold mineralization in orogenic gold terranes. Trenching and BoT sampling are planned in the prospective areas. The first drilling in this part of Jeesiö may also come during the winter.

Carl Lofberg, FireFox’s CEO, commented about the new results, “There are two noteworthy things about this program. First, we keep growing the footprint of the gold system at Mustajärvi, and again, the new prospect exhibits strong grade at surface. Secondly, we are seeing the benefits of repeated application of our orogenic gold toolkit: detailed magnetics, iterative structural interpretation, reconnaissance mapping follow-up in exposed areas, and base-of-till sampling in covered settings. Gold in rock samples associated with the right generation of deformation is a key ingredient in discovery in Lapland. We look forward to having the excavator back on site at Mustajärvi and Jeesiö and the drill to follow in the winter.”

The potential grades noted above and discussed below are conceptual in nature; there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in these targets being delineated as a mineral resource.

Figure 1- Regional view of FireFox properties, highlighting Mustajärvi and Jeesiö.

Mustajärvi Update

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. Drilling to date has delineated three different lodes of gold mineralization along more than 1.5 kilometres of strike. Due to its near-surface high-grade nature, the Company has been focusing most recently on the East Target.

Summer field work at the East Target included a short BoT sampling program in untested or sparsely tested areas of deep cover. This work confirmed anomalous gold in several locations, providing at least one drill target for follow-up testing, where a BoT sample collected above the interpreted Mustajärvi Shear Zone yielded 0.47 g/t Au. This anomaly is located 300 metres northwest from the East Target and 80 metres west from drillhole 21MJ005 (Figure 2), which returned 3.79 g/t gold over a 1 metre interval from 15m downhole (see news release dated August 17, 2021), suggesting continuity of this zone to the west. The Company is planning a down-hole geophysical survey to help vector towards continuation of the sulphide minerals associated with the gold mineralization. The FireFox team expects this feature to evolve into a drill-ready target by later in the year.

Figure 2 - Mustajärvi East target area with new BoT sampling.

Elsewhere at the project, the summer reconnaissance mapping program discovered a mineralized outcrop in an area that had seen limited previous field work by FireFox. The area is generally low-lying with swamp and overburden making outcrop scarce. The outcrop is exposed on the slope of a north-northwest trending topographic low that is believed to be a fault. Such faults have been associated with high-grade gold mineralization elsewhere on the property.

The outcrop consists of silica-rich meta-sedimentary rock with semi-massive specularite layers, interpreted as a possible oxide facies banded iron formation (BIF). BIF is well known in the stratigraphic section, and specularite has been associated with gold in drilling at Mustajärvi East. However, this outcrop is more than 500 metres away from any previous drilling. Hand-panning of a small amount of weathered regolith that was collected adjacent to the outcrop yielded numerous tiny gold flakes and some small rock fragments containing visible gold (see Figure 3).

Figure 3 – Photos of BIF and gold grains from regolith.

Rock chip samples were collected from the outcrop and the Company is currently compiling all available data in order to finalize the interpretation and plan a follow-up program this fall if possible.

Approximately three kilometres east of the East Target area, the 318-hectare Pikkulehto property block is undergoing the first ground-magnetics survey to delineate areas for follow-up BoT sampling. The survey is anticipated to continue into the fall.

Jeesiö Project Update

The 100%-controlled Jeesiö Project covers approximately 74.6 km2 along one of the major trans-crustal structures that control the emplacement of numerous orogenic gold deposits in Lapland. The main Jeesiö targets include the Utsamo and Kataja Belt areas. From south to north, the Kataja Belt consists of three gold prospects: Saittavaara, Katajavaara South (KJ South) and Katajavaara Hill (KJ Hill). The prospects span more than 4 kilometres, apparently related to en echelon northerly striking younger (“D3” or “D4”) structures. The high-resolution airborne magnetics data reveal multiple generations of folding and faulting across the southern part of the property.

An extensive ground magnetics survey was completed over 16.15 km2, including the Kataja Belt and adjacent areas. This work has provided a more detailed interpretation of the complex structural setting of the area, in particular, in the northern part of the Kataja Belt near the confluence of two major features. The magnetics data reveal intense folding and shearing, suggestive of favourable conditions for focusing hydrothermal

activity and gold deposition (see Figure 4). FireFox has identified multiple gold anomalies from the limited boulder, outcrop and trench sampling in the southeastern part of the target area, however most of these structurally favourable areas are coincident with topographic lows, which are now swamps. Swamps and wetlands cover approximately 45% of the survey area, so mapping and sampling have not yet been possible in that area. In the 2024 fall program, the FireFox team will conduct more trench sampling at the Katajavaara prospect in order to follow-up on and vector from the previously reported high gold grab sample of 33.6 g/t reported in 2023 (see News Release dated January 25, 2023).

Figure 4 - Magnetics Interpretation and Target Areas in Southern Jeesiö Permit.

Additional targets have been identified from the ground magnetics surveys in the southern and southwestern parts of the Jeesiö permit. The team collected rock samples from strongly deformed sericite quartzites, including one sample reported to date that contained 1.1 g/t of gold. These are similar to rocks sampled 500 metres to the southeast at the Saittavaara prospect that yielded gold values of up to 6.28 g/t, as previously reported (see News Release dated February 22, 2024). The new prospects occur in highly folded quartzites northwest from the Saittavaara occurrence, where drilling intercepted a near-surface zone of 4.0m averaging 2.03 g/t Au (see News Release dated August 3rd, 2021). FireFox geologists have collected numerous samples from the area and expect results to be received early in the fourth quarter. Reconnaissance mapping and sampling continues over the area throughout the fall of 2024.

Methodology & Quality Assurance

Samples reported in this news release were collected by FireFox geologists, who transported the samples to the Company’s secure facility in Sodankylä. After documentation and insertion of quality assurance samples, the rock samples were delivered to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland.

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks inserted by Firefox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, verified and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR+ website at www.sedarplus.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-

looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (August 26, 2024) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or the “Company”) announces, effective August 23, 2024 that, subject to regulatory acceptance, it has completed the second and final tranche of the non-brokered private placement (the “Private Placement”) announced on June 19, 2024.

FireFox has raised gross proceeds of $1,395,250 by issuing 27,905,000 units of the Company at a purchase price of $0.05 per unit. Each unit consists of one common share of the Company and one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of $0.08 per share for a term of three years from the date of issuance. The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for.

Certain directors and officers of the Company purchased a total of 1,350,000 units. Other insiders, namely Agnico Eagle Mines Limited (“Agnico”) and Crescat Portfolio Management LLC (“Crescat”) purchased a total of 5,085,000 units. Specifically, Agnico exercised their participation right and acquired 3,085,000 units.

The placement to these insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSXV Policy 5.9 -- Protection of Minority Security Holders in Special Transactions. In connection with this related party transaction, the Company is relying on the formal valuation and minority approval exemptions of 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the portion of the Private Placement subscribed for by these insiders does not exceed 25 percent of the Company’s market capitalization.

Of special note is that new investors in FireFox purchased 57% of this offering totaling 15,870,000 units.

FireFox will pay to qualified finders $19,950 in cash finders fees and will issue 399,000 finders warrants exercisable at $0.08 for 3 years from the date of issuance.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR+ website at www.sedarplus.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (July 15^th, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) announces that, subject to regulatory acceptance, it has completed the first tranche of the non-brokered private placement (the “Private Placement”) announced on June 19^th, 2024. The Company intends to complete a second tranche of the Private Placement on or before August 9^th, 2024.

In this first tranche, the Company has raised gross proceeds of $456,000 by issuing 9,120,000 units of the Company at a purchase price of $0.05 per unit. Each unit consists of one common share of the Company and one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of $0.08 per share for a term of three years from the date of issuance. The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for mineral exploration and related expenditures on FireFox’s projects in northern Finland and general working capital.

Certain directors, officers and other insiders of the Company purchased or acquired direction and control over a total of 250,000 units under the first tranche of the private placement. The placement to those persons constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

Additional directors, officers, and insiders are expected to participate in the second tranche of the placement as well.

FireFox will pay qualified finders $19,950 in cash finder’s fees and will issue 399,000 finders warrants exercisable at $0.08 for 3 years from the date of issuance in association with the first tranche of the Private Placement.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top 10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR+ website at www.sedarplus.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BRITISH COLUMBIA – (June 19, 2024) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF)(“FireFox” or the “Company”) announces that it intends to raise up to $2,000,000 by way of a non-brokered private placement (the “Private Placement”). The Private Placement will consist of up to 40 million units of the Company (“Units”) at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one full common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of $0.08 per Warrant Share for a term of three years following the closing of the Offering.

The proceeds of the Private Placement will be used for mineral exploration and related expenditures on FireFox’s Mustajärvi, Jeesiö, and Sarvi projects in northern Finland and general working capital. Prior to this financing, FireFox has 175.4 million shares, 57.1 million warrants and 15.7 million options outstanding.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about July 12, 2024. The Company expects to pay finder’s fees in association with this financing.

The Company also announces that it has completed the previously announced issuance of shares in exchange for advisory services (“Shares for Services”). FireFox entered into an agreement for services with Agentis Capital Mining Partners ("Agentis"), an arm's length party, pursuant to which the Company has now issued 490,851 common shares of the Company with a value of $0.08 per share in full satisfaction of an Agentis invoice in the amount of $39,268.08.

These securities will also be subject to a four month hold period, expiring September 28, 2024. The Shares for Services arrangement received final acceptance from the TSX Venture Exchange.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top 10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website www.firefoxgold.com and profile on the SEDAR+ website at www.sedarplus.ca..

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

VANCOUVER, BC – (April 11, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF) (“FireFox” or the “Company”) is pleased to announce the appointment of Robb McNaughton, LLB, to its board of directors. Mr. McNaughton is a seasoned attorney specializing in the resources sector, listings, investor activism, and corporate transactions.

Mr. McNaughton has more than twenty years of international corporate and legal experience in a broad array of fields, but in recent years he has become well known as a partner at the Canadian national law firm of Borden Ladner Gervais LLP (BLG). At BLG, he is a leader in the M&A and Capital Markets Group. In addition to his prominent role in listings at both the NEO and TSX exchanges, Robb has garnered a reputation as an innovator in the areas of corporate structure, reverse takeovers, and trusts, among other things. Mr. McNaughton is also a member of the national advisory committee of the TSX Venture Exchange.

The Company also announces that it has retained Agentis Capital Mining Partners (“Agentis”) under a financial and capital markets advisory agreement. Agentis is a leading independent advisory and research firm with specialty expertise in exploration and mining.

Mr. McNaughton commented about joining the FireFox board, “Our BLG team has been with FireFox since 2017. I am delighted to be expanding my role with a company that has such compelling properties and such a dynamic and capable team.”

FireFox Chairman, Patrick Highsmith, remarked on the additions to the team, “Our portfolio of projects in northern Finland, one of the hotbeds of gold discovery in the world, and our excellent roster of shareholders position us well to grow our company through the drill bit. However, the capital markets and business-to-business environments of today are complex fields of opportunity. We value strong independent voices on our board of directors and among our advisors. We are particularly pleased to welcome Robb to our board, where he offers a fresh perspective, informed from years of diverse experience.”

Issuance of Share Purchase Options and Shares

In association with this appointment and in keeping with its intended annual calendar, FireFox also reports that its board of directors has approved the grant of 5,000,000 incentive stock options to directors, officers, staff and consultants in recognition of their respective contributions to the development of the Company. This grant of options is subject to the terms and conditions of the Company’s incentive stock option plan, which has been approved by shareholders, and approval by the TSX Venture Exchange and regulatory authorities.

The options are valid for five years from the date of issuance and exercisable at a price of $0.09 per share, an 11% premium to the closing price of the stock on Wednesday, April 10, 2024.

FireFox also intends to grant 490,851 shares of FireFox common stock to Agentis at $0.08 per share, the closing price of the stock on Wednesday, April 10, 2024. The share issuance is in payment of a discretionary fee or bonus in recognition of Agentis’ role in the Company’s business development activities. The shares issued to Agentis will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. This share issuance is also subject to approval by the TSX Venture Exchange and regulatory authorities.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team. For more information, please refer to the Company’s website www.firefoxgold.com and profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (February 28, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report results from an additional six holes totalling 1,617.5 metres of drilling at the Company’s 100%-held Mustajärvi Gold Project in Lapland, Finland (Figure 1). The primary focus of the program was four holes (23MJ010-23MJ013) drilled to test for extensions to depth of the near-surface high-grade gold zone at the East Target (Figure 2).

Results confirm that gold mineralization extends deeper to the south, where the system plunges to the southwest and is very likely down dropped by faults south of the surface expression. These holes are the deepest expression of the East Target yet, with strong gold intercepts occurring at more than 250 metres below surface. Even though these holes were significant step outs to the south and southwest, the results demonstrate opportunity for expansion to depth and to the southwest.

Selected Highlights from the latest drilling at the East Target

• Drill hole 23MJ013 intercepted:

  • 13.5m averaging 3.16 g/t Au, from 230.6m depth, including

    • 1.0m at 18.42 g/t Au; and

  • 1.0m at 5.31 g/t Au, from 271m depth; and

  • 6.5m at 1.01 g/t Au, from 281.5m depth.

• Drill hole 23MJ011 intercepted:

  • 3.6m averaging 5.96 g/t Au, from 236.3m depth, including

    • 0.7m at 21.77 g/t Au; and

  • 0.8m at 5.93 g/t Au, from 122.85m depth.

Five of the six drill holes encountered significant gold mineralization, as defined by intercepts above 0.5 g/t Au (see Table 1). The final two holes of the program (23MJ014 and 23MJ015) were collared in, or near, the Central Zone to test a new drilling orientation and a geophysical anomaly.

Carl Lofberg, FireFox’s CEO, commented about the new results, “Our newest drilling has extended the East Target mineralization 100 metres to the southwest and to more than 250 metres vertical depth. In doing so, we have confirmed a southwesterly plunge to the gold zone and picked up deeper gold intercepts across a major fault. These holes have defined a southern band of gold mineralization that needs much more drilling. Our latest results confirm that the gold remains open to southwest and downdip. Our next round of drill targets is already emerging from these new data. We look forward to having the drill back on site in the spring.”

Mustajärvi Project and Drill Program Summary

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. The project remains at an early stage as FireFox and predecessor companies have drilled approximately 15,752 metres to date, and drilling has delineated three different lodes of gold mineralization along more than 1.5 kilometres of strike so far. Due to its near-surface high-grade nature, the Company has been focusing most recently on the East Target. In addition to testing for extensions at depth, the most recent holes in the East Target attempted to intersect the modelled contact between the Savukoski Group ultramafic volcanic rocks and Sodankylä Group metasediments. As shown in cross section below (Figure 3), FireFox’s understanding of this important contact and nearby structures has improved considerably.

To date, most of the mineralization identified at Mustajärvi is hosted in metasedimentary rocks that have been intensely altered with albite, sericite, local silicification, sulfidation, iron carbonates, and/or cut by quartz-carbonate veining. High grades of gold are associated with quartz-carbonate-tourmaline-pyrite (QCTP) veins, hydrothermal breccias, or semi-massive to massive pyrite controlled by foliations. Gold is often enriched at or near the contact with mafic or ultramafic rocks. Until now, mafic rocks, either representing intrusive dikes and sills or thin layers within the Savukoski volcanics, have not typically been recognized as hosting significant gold grades. These new holes have encountered significant mineralization in numerous places within the mafic rocks, albeit so far at relatively low grades, such as 6.5m at 1.01 g/t Au in drill hole 23MJ013. The mineralized mafic rocks are usually intensely albitized with disseminated pyrite and cut by quartz-carbonate or QCTP veins.

Table 1.Significant Drill Intercepts in Drillholes 23MJ010 – 23MJ014

(Cut-off Grade 0.5 g/t Au)

The detailed drill pattern along with newly modeled gold shapes at the East Target are shown in Figure 2. Drill hole 23MJ010 was another step out hole southwest from the main high-grade zone, collared between the previously drilled westernmost holes (23MJ005 and 23MJ008). Drill holes 23MJ011 and 23MJ012 were drilled 100 metres east from the same collar in a fan configuration, where both holes plunge to the northwest but at angles of 50° and 70° degrees, respectively. The fourth drill hole, 23MJ013, was collared approximately

Figure 1. Mustajärvi Project showing drilling over ground magnetics and most recent holes labeled.

75 metres southeast of 23MJ011 and 23MJ012, making it the southernmost drill hole so far drilled in the East Target (approximately 100 metres farther southwest from previous drilling). FireFox geologists designed these holes to test the southwest and downdip continuation of the near-surface high-grade mineralization and to determine whether the interpreted sub-vertical faults on the south side of the zone are offsetting mineralization.

Detailed Description of Drill Holes

Hole 23MJ010 passed through variably altered (albite, quartz, and sericite) metasediments cut by repeating and alternating mafic dykes or sills, with several intervals of weak and moderate disseminated pyrite. These pyrite mineralized intervals were usually associated with strong sericitization and QCTP or quartz-pyrite veins, but also with fault breccia zones and metasediment-mafic sill contacts. The hole returned two gold mineralized samples above the cutoff grade of 0.5 g/t Au, 0.85m at 2.46 g/t from 128.0m downhole and 0.9m at 2.29 g/t from 198.5m downhole. These zones were associated with mineralized contacts or veining.

Hole 23MJ011 was designed to undercut and confirm the mineralization recorded in hole 23MJ004, as well as to test for further extensions of mineralization to depth. The hole also tested magnetic anomalies near the interpreted contact between the Savukoski Group ultramafic volcanic rocks and the Sodankylä Group metasedimentary rocks. The important contact was confirmed at 94.8m with traces of disseminated pyrite

Figure 2 . Plan view of Mustajärvi East drilling with modeled gold shapes projected to surface.

and weak gold enrichment directly beneath the contact. The intercepted contact supports the previously interpreted and modeled Savukoski Group-Sodankylä Group contact as dipping steeply to the southeast.

The first significant gold-mineralized interval in 23MJ011 returned 0.8m at 5.93 g/t Au from 122.85m depth, and it was hosted in a quartz vein with semi-massive clots of pyrite. A second significant mineralized interval at 236.3m depth returned 3.6m of 5.96 g/t Au, including 0.7m of 21.77 g/t Au. This mineralization was hosted in a fault breccia zone containing remnants of QCTP veins (Figure 4). This interval included grains of fine visible gold and fluorite, which is often associated with open space in higher grade zones at Mustajärvi. The gold mineralized fault breccia in this hole may relate to previous intercepts in drill holes 23MJ004 and 23MJ003 (see Company news release dated July 18, 2023), suggesting an encouraging new deeper target in this area of the property.

Figure 3. SW facing cross-section showing the drill hole fence 23MJ013-23MJ011 and the interpreted mineralization along the section plan A-A’.

Hole 23MJ012 was aimed more steeply from the same drill pad as 23MJ011 to test depth extents of the system and for evaluating the steeply dipping faults interpreted in the area. The hole pierced the Savukoski - Sodankylä contact as expected, at 125.6 metres depth. The contact was marked by a heavily sheared mafic sill, and intensely altered and faulted metasediments just below that with abundant pyrite and 1.0m of 7.6 g/t Au.

Once passing through the key contact, this hole can be characterized as containing numerous intervals of low-level gold mineralization but lacking the thicker or higher-grade zones seen above it (See Figure 3). In total, there are 37 sample intervals with gold grades greater than 0.1 g/t, but most do not exceed the cutoff for significance (0.5 g/t). There are intervals of albitized and pyritic metasediments with scattered quartz-carbonate, tourmaline, and QCTP veins. These intervals of low-grade gold may represent splays or structural offsets to the stronger gold zones observed at higher levels.

Drill hole 23MJ013 was collared farther south so that it could be aimed deeper towards a deeper part of the mineralized contact zone that was delineated earlier in 2022 and 2023. The contact was intersected at 230.6 metres, below which the metasedimentary rocks were highly albitized, sulphidized, and variably silicified over approximately 13.0 metres. That interval included abundant pyrite in both replacement and vein styles, as well as quartz, sulphide, and tourmaline veins and hydrothermal breccias. This interval carried strong gold mineralization over 13.5m averaging 3.16 g/t between 230.6 and 244.1m downhole, including 2.7m of 11.07 g/t. The higher-grade intervals are usually associated with narrow semi-massive to massive pyrite. While most of the gold at this mineralized contact is hosted in metasediments, there are also thin mafic dikes or sills that are mineralized with gold and pyrite. This zone also includes anomalous bismuth, molybdenum, and tellurium, although copper, lead, and zinc are at background concentrations.

Figure 4. Fault breccia zone in 23MJ011 with 3.6m of 5.96 g/t Au from 236.3m downhole. Visible gold flakes were observed from two intervals grading 21.77 g/t Au and 4.43 g/t Au.

The deeper sections of hole 23MJ013 contained thicker mafic sills, often veined (quartz carbonate and QCTP veins) and flooded with albite and/or silica. These veins and alteration haloes within the mafic sills locally contain disseminated pyrite and gold. The presence of significant pyrite and anomalous gold in the mafic intrusive rocks at Mustajärvi is uncommon, but several intervals in this hole contained significant gold: 1.0m at 5.31 g/t from 271m depth, 1.0m at 2.19 g/t from 275.0m, and 6.5m that averaged 1.01 g/t from 281.5m. The wider interval was hosted in a strongly albite-altered mafic sill crosscut by quartz-carbonate-tourmaline veins surrounded by disseminated pyrite.

Most of the gold mineralization at Mustajärvi is associated with abundant pyrite and anomalous bismuth, molybdenum, selenium, and tellurium, whereas silver, arsenic, antimony, copper, and other base metals are at (or near) background levels. In contract, it may be noteworthy that this deeper gold mineralization in the mafic (gabbroic) sills and dikes has a relatively low abundance of pyrite, and only shows slightly anomalous bismuth, molybdenum, selenium, and tellurium.

After completing drill hole 23MJ013 the drill rig moved to the Central Zone (approximately 1.5 kilometres to the west), where drill hole 23MJ014 was collared approximately 100 meters north from previous drill hole 22MJ016. This hole was aimed in a different direction (NE) to test for the presence of crosscutting structures, perpendicular to the northeast-striking Mustajärvi Shear Zone (MSZ). All previous drill holes at this target were drilled perpendicular to the MSZ, but NE-directed holes at the East Target encountered important crosscutting mineralization. Drill hole 23MJ014 intercepted primarily moderately albitized intermediate tuffites and mafic tuffs with evidence of faulting.

Intervals of more intense alteration and brecciation that are cut by quartz-pyrite and QCTP veins are locally mineralized with gold over narrow widths. One of these zones at 40.5-43.0m depth returned 2.5m averaging 0.86 g/t Au. A number of other fault zones with veining contained 0.5 to 1.56 g/t gold over narrow widths.

The final drill hole, 23MJ015, was collared almost 400 metres east from hole 23MJ014, targeting an unusual magnetic low detected in the ground magnetics surveys. The hole was drilled entirely within the Savukoski Group ultramafic rocks with a few thin fault zones and no significant gold assays.

Table 2. Drill Collar Information (coordinates presented in EPSG:3067)

Methodology & Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where FireFox’s exploration team conducted the geological and geotechnical logging and selected the assay intervals. Assay intervals were generally 1 metre but in some circumstances were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures according to best industry practice and with due attention to quality assurance and quality control, including sampling field duplicates and insertion of certified standard and blank samples.

FireFox team members transported the samples to an ALS sample prep lab in Sodankylä. The samples were sawed then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). All samples exceeding 10.0 g/t Au were re-assayed in triplicate by fire assay of 50 gm aliquots with a gravimetric finish (method Au-GRA22). Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland.

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks inserted by Firefox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (February 22, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) announces the completion of another drilling campaign at the Company’s 100%-held Mustajärvi Gold Project in Lapland, Finland. The program included six drill holes totalling 1,617.5 metres, focused on testing for extensions to depth of the near-surface high-grade gold zone at the East Target. Core logging identified several intervals of quartz-carbonate-tourmaline-pyrite veins cutting through all lithologies, as well as intensely altered sections of intermediate tuffites and gabbro. FireFox expects to report the analytical results by early March.

FireFox is also pleased to report results from recent surface sampling at the Saittavaara prospect, which is part of the large 100%-controlled Jeesiö Project. The field team identified and sampled a new area of gold mineralization situated a few hundred metres west from where reconnaissance drilling in 2021 hit gold in two holes, including a near-surface interval of 4.0m averaging 2.03 g/t Au. The gold in this new area occurs in highly deformed and altered metasedimentary rocks (quartzites). The highest gold values from this sampling included 6.28 g/t Au, 5.04 g/t Au and 4.07 g/t Au (See Figure 1).

Finally, the Company reports that it has secured exploration permits for three more of its tenement blocks covering approximately 22km² (see Figure 2). These permits are strategically located proximal to important gold-hosting geologic units and structures. The Company has completed reconnaissance work in these areas and believes they all warrant more detailed exploration. The new permits allow for mechanized work including base of till sampling and drilling.

Carl Lofberg, CEO, commented “We are pleased to be kicking off 2024 with first quarter drill results from our Mustajärvi Project, encouraging new rock sampling results from the Jeesiö Project, and significant new exploration permits in the very active Central Lapland Greenstone Belt. We are excited to see the new drill results from Mustajärvi in the next couple of weeks. And our exploration pipeline remains full, even after optioning our Kolho Property to Agnico Eagle in December.”

Jeesiö Project Program Details

The 100%-controlled Jeesiö Project covers approximately 74.6 km² along the Sirkka Shear Zone, a trans-crustal structure that controls the emplacement of numerous orogenic gold deposits in Lapland. The main Jeesiö targets include the Utsamo and Kataja Belt areas. From south to north, the Kataja Belt consists of three gold prospects: Saittavaara, Katajavaara South (KJ South) and Katajavaara Hill (KJ Hill). The prospects span more than 4 kilometres, apparently related to en echelon northerly striking younger (“D3” or “D4”) structures. The high-resolution airborne magnetics data reveal multiple generations of folding and faulting across the southern part of the property. Younger asymmetric folding west of the Kataja Belt shows evidence of disruption by right-lateral shearing broadly parallel with northeast trending axial planes. These shears appear to be associated with the gold showings in the Kataja Belt.

During the summer and fall of 2023 the Company performed detailed bedrock and boulder mapping and sampling at the Saittavaara prospect in an attempt to extend the Kataja Belt farther west (see Figure 1). The mapping identified new areas of outcrop where strongly deformed and locally weathered sericitic quartzite often contains oxidized pyrite and is sometimes cut by quartz veining. The new occurrence is situated approximately 400 metres west of previously reported drill holes that encountered near-surface gold mineralization (see Company news release dated August 3, 2021). In total, the team collected 28 samples from the Saittavaara area of which 13 samples exceeded 0.1 g/t and five exceeded 1.5 g/t gold. The highest-grade samples contained 6.28 g/t, 5.04 g/t, and 4.07 g/t gold, respectively.

Figure 1. Kataja Belt Gold Targets (Jeesiö Project) near Sodankylä, Finland

In addition to bedrock and boulder mapping, FireFox extended the Katajavaara area ground magnetic survey towards the north, focusing on the KJ Hill prospect, where highly anomalous gold values were previously detected during trenching and bedrock sampling (see Company news release dated January 25, 2023).

The FireFox technical team has now delineated four clusters of gold anomalies with very limited drilling along a corridor of approximately four kilometres, stretching from KJ Hill in the north to the new anomalies in the southwest (termed the Kataja Belt). These gold anomalies are hosted in a range of rock types from metasediments to gabbros and metavolcanics. The rocks are strongly deformed due to intense folding and faulting in the area, and the new magnetic data is expected to improve understanding of the structural and lithological settings that are likely to host the gold along the Kataja Belt.

New Exploration Permits

The Finnish Safety and Chemicals Agency (TUKES) has granted three new exploration permits called Pikkulehto, Nunara and Palvasenvuoma, which together cover nearly 22km² of Finland’s Central Lapland Greenstone Belt (CLGB). In Finland, the exploration permit allows for mechanized exploration including base of till sampling and drilling (Figure 2).

The Pikkulehto exploration permit area (ML2022:0001-01) is located less than 4 km east of the main Mustajärvi permit and covers roughly 3.2 km². It will be managed together with the Mustajärvi project. The new permit is situated adjacent to a major geological structure, the Venejoki shear zone, and close to the interpreted contact between the Sodankylä and Savukoski Group rocks. Based on the current understanding, the bedrock geology includes quartz-rich metasedimentary rocks, gabbros and mafic volcanic rocks, while graphitic schists and cherts of the Savukoski Group lie less than one kilometer to the NW from the permit. Two historic gold occurrences, Pikku-Mustavaara and Tuongankuusikko, are located within approximately a 1 km radius from the permit boundaries. The Geological Survey of Finland (GTK) and Outokumpu conducted limited exploration within the permit area, including only four drill holes with depths less than 20 metres, and minimal surface sampling (only 18 till samples). Under the previous exploration permit application, the Company conducted limited bedrock and boulder mapping within the Pikkulehto area, yielding one anomalous gold value with of 0.427 g/t from a boulder that was intensively albitized and enriched in pyrite.

The Nunara exploration permit (ML2021:0002-01) covers an area of almost 9 km² and is situated almost ten kilometers north of the Mustajärvi Project. The permit lies very near the interpreted trace of the Sirkka Shear Zone, which roughly tracks along the northern permit boundary of Nunara. Geologically, the area is interpreted as the contact zone between the Kittilä Suite mafic volcanic rocks and Savukoski Group ultramafic volcanic rocks, while isolated outcrops of the younger Kumpu Group quartzites pop out in the area as topographic highs. There are several historic gold occurrences nearby, the closest being Kittilän Palovaara (less than 4 kilometers to the west) and Outapää (3 kilometers to the east). The Company is not aware of any previous drilling within the permit area, and only minor till sampling was previously reported by the GTK (a few tens of samples along one north-south trending line).

The third newly granted exploration permit covers a portion of the Company’s Manto Project. Palvasenvuoma (ML2022:0085-01) is located roughly 10 kilometers southwest of the Kittilä gold mine (operated by Agnico Eagle Mines Ltd.) and covers an area of 9.5 km². According to current understanding the

Figure 2. FireFox Northern CLGB Properties with New Exploration Permits Outlined in Black

bedrock consists of Kittilä Suite mafic volcanic rocks and mafic graphitic tuffs, with similarities to the geology of the Kittilä gold mine. GTK completed an exploration campaign in the area between 2002 and 2005. This included a base of till (BOT) sampling program over approximately 5km², including 546 samples in a 100-metre spaced grid. The GTK reported that one of the till samples assayed 11 g/t Au. In addition to BOT sampling, GTK also performed some geophysical surveys and bedrock drilling, including 32 shallow drill holes. The drilling campaign totaled 1,570.6 metres where the deepest drill holes reached 68 metres. The geophysical surveys identified a possible NNE-SSW-trending shear zone, which resembles the Kiistala Shear Zone (host to the Kittilä Mine).

Methodology & Quality Assurance

Rock chip samples reported in this news release were collected by FireFox geologists, who transported the samples to the Company’s secure facility in Sodankylä. After documentation and insertion of quality assurance samples, the rock samples were delivered to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland.

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The FireFox QA/QC program, which consists of blind insertion of certificated standard material and blanks into the analytical batches, did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2024. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO .S. WERE SERVICES

Vancouver, British Columbia – December 20, 2023 – FireFox Gold Corp. (TSX.V: FFOX; OTCQB: FFOXF) (“FireFox” or the “Company”) today announced that it closed a non-brokered private placement of 22,507,840 units of the Company (“Units”) at a purchase price of $0.075 per Unit, for total gross proceeds of $1,688,088 (the “Private Placement”). Concurrent with the Private Placement, FireFox, together with its wholly-owned subsidiary FireFox Gold Oy, entered into an earn-in agreement (the “Earn-in Agreement”), pursuant to which FireFox Gold Oy granted a subsidiary of Agnico Eagle Mines Limited (“Agnico”) the right to earn an interest in the Kolho properties located in northern Finland (the “Kolho Property”).

Patrick Highsmith, Chairman of FireFox commented on the transactions, “We are excited to form this alliance with Agnico Eagle. Not only does the strategic investment recognize the potential of our more advanced projects, such as Mustajärvi, but the option agreement also demonstrates the geological potential of our Kolho Property. We are proud to add Agnico Eagle to our roster of strong shareholders as the strategic backbone for our future growth through discovery.”

Carl Löfberg, CEO of FireFox added, “Our company was the first junior gold explorer built around a Finland-based CEO and Finland-based exploration management. Now we are part of a growing community of local and international mining professionals in Finland, and we find ourselves working closely with Europe’s largest gold miner. We look forward to working with the Agnico Eagle team at the Kolho Property.”

Private Placement

Pursuant to the Private Placement, the Company issued 19,010,000 Units to Agnico at a purchase price of $0.075 per Unit, for gross proceeds of $1,425,750. Each Unit is comprised of one common share of the Company (“Common Share”) and one common share purchase warrant (“Warrant”), with each Warrant being exercisable to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share for a term of five years following the closing of the Private Placement, subject to adjustment and an acceleration of the expiry date upon the occurrence of certain events. The proceeds of the Private Placement will be used for drilling and exploration expenditures on FireFox’s Mustajärvi project, other exploration investment on the Company’s projects in Lapland, and general working capital.

On closing of the Private Placement, Agnico will own 19,010,000 Common Shares and 19,010,000 Warrants, representing approximately 10.9% of the issued and outstanding Common Shares on a non-diluted basis and 19.6% of the Common Shares on a partially-diluted basis.

In connection with the Private Placement, FireFox entered into an investor rights agreement with Agnico (the “Investor Rights Agreement”). Pursuant to the Investor Rights Agreement, Agnico is entitled to certain rights, provided Agnico maintains certain ownership thresholds in FireFox, including: (i) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in FireFox at the time of such financing or acquire up to a 19.99% ownership interest, on a partially diluted basis, in FireFox; and (ii) the right to nominate one person to the board of directors of FireFox. Agnico has not elected to exercise this right as of the closing of the Private Placement.

Crescat Portfolio Management LLC (“Crescat”) exercised its participation right and subscribed for 3,497,840 Units on the same terms as Agnico for additional gross proceeds of $262,388. Upon closing, Crescat will own 31,188,969 Common Shares and 8,050,678 Warrants, representing approximately 17.8% of the issued and outstanding Common Shares on a non-diluted basis and 21.5% of the Common Shares on a partially-diluted basis. Crescat has agreed to restrict the exercise of any Warrants if to do so would result in Crescat owning or controlling 20% or more of the then issued and outstanding Common Shares of the Company (calculated on a non-diluted basis), provided that Crescat may exercise all of its Warrants in certain circumstances (including for the purpose of participating in a take over bid, arrangement, amalgamation or similar transaction, or change in control of the Company), subject to compliance with applicable securities laws including obtaining prior requisite disinterested shareholder and TSX Venture Exchange (“TSXV”) approvals.

The participation of Crescat in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSXV Policy 5.9 -- Protection of Minority Security Holders in Special Transactions. In connection with his related party transaction, the Company is relying on the formal valuation and minority approval exemptions of 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the portion of the Private Placement subscribed for by Crescat does not exceed 25 percent of the Company’s market capitalization.

The Common Shares and Warrants issued in connection with the Private Placement and the Warrant Shares underlying the Warrants are subject to a statutory hold period of four months plus one day from the date of completion of the Private Placement, in accordance with applicable securities legislation.

Option Agreement

The Kolho Property is a group of exploration permit applications and one exploration permit (Nuttio) that occupies a prospective structural corridor northeast of Rupert Resources’ Ikkari discovery and FireFox’s Sarvi property (see Figure 1 below). The Kolho Property covers more than 120 km², and FireFox has completed detailed airborne magnetic surveys and limited reconnaissance mapping and sampling in the area.

Pursuant to the terms of the Earn-in Agreement, FireFox granted Agnico an exclusive right to earn a 51% interest in the Kolho Property by incurring exploration expenditures totaling US$5,000,000 before the fifth anniversary of entering into the Earn-in Agreement (the “Earn-in Grant Date”), of which US$2,000,000 will be a committed amount required to be spent on or prior to the third anniversary of the date that certain permits are granted in respect of the Kolho Property.

Upon Agnico earning a 51% interest in the Kolho Property, Agnico and FireFox will enter into a joint venture agreement (the “JV Agreement”), pursuant to which, Agnico will become the operator of the venture and be entitled to a 5% management fee. Under the JV Agreement, Agnico will be granted the right to acquire an additional 24% interest in the Kolho Property by incurring additional exploration expenditures totaling US$7,500,000 before the eighth anniversary of the Earn-in Grant Date. A portion of the Kolho Property is subject to an existing 1.5% net smelter return royalty.

Neither the Earn-in Agreement nor the Private Placement affect any of FireFox’s other mineral rights in Lapland. The Company maintains 100% control of its Mustajärvi Project, as well as the Jeesiö and Sarvi properties where earlier stage exploration targets are being advanced. 

For more information concerning the Company, please refer to the Company’s profile on the SEDAR+ website at www.sedarplus.ca and the Company’s website at www.firefoxgold.com.

Figure 1: Location of Kolho Property.

About FireFox Gold Corp.

FireFox Gold Corp. is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the terms and conditions of the JV Agreement; anticipated payments under the Earn-in Agreement and JV Agreement, including any advancement on the Kolho Property; the terms and conditions of the Private Placement; anticipated use of net proceeds from the Private Placement, including any advancement on the Mustajärvi project; and Crescat’s exercise of all of its Warrants and the Company obtaining requisite disinterest shareholder and TSXV approvals in connection therewith. Often, but not always, forward-looking statements or information can be identified by the use of words such as “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. With respect to forward-looking statements and information contained herein, FireFox has made numerous assumptions including among other things, assumptions about general business and economic conditions. The foregoing list of assumptions is not exhaustive.

Although management of FireFox believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks relating to FireFox’s financing efforts; risks associated with the business of FireFox; business and economic conditions in the industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. FireFox does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For more information, please contact:

FireFox Gold Corp.

Carl Löfberg

Chief Executive Officer

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-938-1994

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws.

THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO .S. WERE SERVICES

VANCOUVER, BC – (September 11, 2023) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or the “Company”) announces, effective today that, subject to regulatory acceptance, it has completed the first tranche of the non-brokered private placement (the “Private Placement”) announced on August 8, 2023. The Company intends to complete a second tranche of the Private Placement before September 28, 2023.

In this first tranche, the Company has raised total gross proceeds of $323,499 by issuing 4,621,414 units of the Company at a purchase price of $0.07 per unit. Each unit consists of one common share of the Company and one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of $0.10 per share for a term of two years from the date of issuance. The shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

FireFox will pay qualified finders $840 in cash finder’s fees and will issue 12,000 finders warrants exercisable at $0.10 for 2 years from the date of issuance in association with the first tranche of the Private Placement.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2023. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO .S. WERE SERVICES

VANCOUVER, BRITISH COLUMBIA – (August 8, 2023) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF)(“FireFox” or the “Company”) announces that it intends to raise up to $1,400,000 by way of a non-brokered private placement (the “Private Placement”). The Private Placement will consist of up to 20,000,000 units of the Company (“Units”) at a price of $0.07per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share for a term of two years following the closing of the Offering.

It is anticipated that the proceeds of the Private Placement will be used for the upcoming drilling program on FireFox’s Mustajärvi project, general working capital, and other exploration activities on the Company’s other gold exploration properties in Finland. Prior to this financing, FireFox had 147.8 million shares outstanding, 38.3 million warrants outstanding, and 11.3 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about August 25, 2023. The Company expects to pay finder’s fees in association with this financing.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Löfberg” Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

.

SODANKYLÄ, FINLAND – (July 27, 2023) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or the “Company”) is pleased to report the results from the final four holes of the spring 2023 core drilling campaign at the Company’s 100%-held Mustajärvi Gold Project in Lapland, Finland. Drill holes 23MJ005, 23MJ007, 23MJ008 and 23MJ009 at the East Target all encountered significant intervals of gold mineralization (Figure 1). Most encouraging were the holes to the southwest of the previous high-grade zone, which highlight the potential for significant expansion of the East Target in this direction. Company geologists also conducted a limited test trenching campaign over the surface expression of the East Target. The first trench revealed bonanza grade gold mineralization including 6.87 metres that averaged 59.12 g/t Au on the basis of uncut results from 1-kilogram screen fire assays (Figure 3 and Table 3).

Drill hole 23MJ005 hit strong mineralization in an 80-metre step-out to the southwest from the previously drilled western-most high-grade hole. Results include:

• 4.20m averaging 5.74 g/t Au from 60.8 metres down hole, and

• 7.05m average 4.77 g/t Au from 68.0 metres down hole,

  • including 1.0 metre at 20.8 g/t Au.

Drill hole 23MJ008 was a further 135-metre step-out to the southwest, for a total of approximately 215 metres step-out from the previous high-grade area. The hole included multiple intervals of significant gold from near surface to 180 metres depth, confirming the potential for expansion of the target in this direction. Results include:

• 2.0 m averaging 4.75 g/t Au from 29.0 metres down hole;

  • including 0.8 m at 11.1 g/t Au; and

• 7.0 m averaging 1.77 g/t Au from 112.0 metres down hole; and

• 1.0 m at 0.61 g/t Au from 180 metres down hole.

Drilled in the opposite orientation, drill hole 23MJ009 confirmed the continuity of the southwestern step-out between 23MJ005 and the historic high-grade holes, with multiple gold intervals between 75 and 156 metres down hole. Highlights of the results include:

• 5.55 m averaging at 4.45 g/t Au from 75.55 metres down hole;

Carl Lofberg, FireFox’s CEO, commented about the new results, “We are very pleased with these exciting step-out drill holes from the high-grade East Target. New mineralization amid thick zones of alteration located more than 200 metres southwest from previous drilling is a significant indication of the expansion potential of Mustajärvi. The East Target remains open to the south, southwest, and northeast. It is also exciting that our first attempt to trench into the system from surface has revealed such high grades beneath only a few metres of glacial overburden. This trenching exercise improves 

our understanding of the shallow gold shape, its orientation, and the controls on bonanza grade. We are very much looking forward to bringing the drill back to Mustajärvi in August.”

Two trenches were excavated through the glacial overburden into weathered bedrock. The purposes of the test trenching were to evaluate conditions for possible additional trenching, gather structural information about foliation, veining, and faulting, and to sample the newly exposed bedrock. The team collected diamond saw channel samples from both trenches. Trench 1 included approximately 10.0m of contiguous gold mineralization, including individual uncut values of 256 g/t Au, 72.5 g/t Au, 52.8 g/t Au, and 45.02 g/t Au (see Figure 3 and Table 3 for additional details). During the sampling, geologists reported the presence of considerable coarse gold, so all samples were analysed by screen fire assay. Trench 2, located north of the main gold system, contained much lower gold grades, but it provided useful structural measurements and data points for the geological model.

Discussion of Drill Results

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. The project remains at an early stage as FireFox and predecessor companies have drilled approximately 14,158 metres to date, and drilling has delineated three different lodes of gold mineralization along more than 1.5 kilometres of strike so far. Due to its near-surface high-grade nature, the Company has been focusing most recently on the East Target. Figure 1 shows the most recent drill holes at the East Target in relation to previous drilling and ground magnetics data.

As reported in the June 14, 2023 news release, the spring 2023 drilling program at Mustajärvi was focused on filling some gaps in the drilling and testing for extensions to the south, west, and southwest. These first four holes from that program have improved confidence in the high-grade core of the East Target and established control of an important fault on the south side of the target, which has been confirmed as mineralized (see FireFox news release dated July 18, 2023).

Drill hole 23MJ005 was designed to test the low magnetic - high chargeability corridor interpreted as trending southwest from the East Target. The drill hole was collared approximately 80 metres southwest from the western limits of the previously defined high-grade mineralization at the East Target, as defined by drill hole 22MJ022 and reported in the FireFox news release dated January 18, 2023. Hole 23MJ005 was drilled at a 325° azimuth with a plunge of 60° to intersect the target corridor at a favorable angle.

The hole entered altered metasediments starting below glacial sediments at a depth of 8.7 metres, and it passed through thin sections of mafic volcanics and gabbro. The main mineralized zone was intersected within an altered sequence of intermediate tuffites, sometimes interbedded with less altered mafic volcanic rocks, from 60.80 to 75.05 metres. This interval included two separate gold mineralized intervals, 4.20m of 5.74 g/t and 7.05m of 4.77 g/t, including several higher-grade intervals and a maximum assay of 20.77g/t Au, as shown in Table 1.

The mineralized interval is pervasively albitized and silicified with weaker development of sericite; and it exhibits a well-developed foliation that is nearly perpendicular to the core axis. The richest gold zones are cut by quartz-carbonate± tourmaline+pyrite veins (QCTP) that are often accompanied by patchy, semi-massive and coarse-grained pyrite. The mineralized veins are at variable angles to the foliation and the core axis but are often nearly parallel to the core axis over short intervals. Since

Figure 1 - Mustajärvi Location Map with Recent Drilling over Ground Magnetics

this drill hole is well away from any previous drilling it is difficult to confirm the orientation of the controlling structure in this area, but it appears to conform with the NE-SW striking major fault zone.

Moderate to strong alteration continues to 115 metres depth, including veins, breccias, and noteworthy gangue minerals. The mineral molybdenite is reported at 92 metres depth associated with quartz veining and an anomalous gold assay of 0.234 g/t. Multielement assays, including molybdenum, are pending.

This drill hole confirms the continuation of the shallow high-grade gold mineralization at Mustajärvi East for at least 80 metres. The strong gold intercepts and intense alteration fall directly in the geophysical target corridor predicted by the IP and magnetics survey. There is lots of room to expand these intercepts to the southeast and southwest along the projected structures that mark the Mustajärvi fault zone.

Drill holes 23MJ006 and 23MJ007 were designed to test for a northern extension of the structural jog and the gold mineralized R' veins intersected by holes 22MJ023 and 22MJ024 during the 2022 drilling campaign (see FireFox news releases dated January 18, 2023 and February 15, 2023). Drill hole 23MJ006 collapsed at a depth of 32 metres down hole and was therefore twinned by hole 23MJ007, collared 2 metres from the original site. The completed hole intersected mafic volcanic rocks (and dykes?) starting beneath the glacial sediments at 5.75 metres depth and passing into dominantly metasedimentary lithologies comprised of intermediate tuffites (with pyrite mineralized veins) and lesser mafic volcanic rocks (usually barren) at approximately 40 metres depth.

The rock is generally less altered this far north from the main system, but there remains widespread albite alteration with lesser silica and pyrite in the tuffites. The dominant foliation in the hole is nearly perpendicular to the core axis, while veins are evident both perpendicular and parallel to core axis. The hole intercepted 3.7 metres averaging 3.17 g/t Au from 52.0 metres depth, including 0.7 m at 4.8 g/t Au. The gold appears to be correlated with patchy and coarse-grained pyrite hosted in QCTP veins that are dominantly parallel to foliation. The host rock in this interval is strongly albitized, intensely brittle fractured intermediate tuffites. At greater depths in the hole, the gold seems to be associated with narrow veins at multiple orientations, but the alteration continues to be extensive.

Drill hole 23MJ008 was planned after the initial logging of hole 23MJ005, including the visual observation of pyrite mineralization. This drill hole was a major step-out of over 215 metres to the southwest within the “low magnetic - high chargeability corridor” from the high-grade gold zone at the East target, a further 135 metres southwest from the collar of 23MJ005. The hole also tested another interpreted structural jog along the Mustajärvi Fault Zone. Drill hole 23MJ008 was successful at intercepting multiple gold-mineralized QCTP veins, as well as clear evidence of the continuation of the alteration system into an untested area between the Northeast Target and the East Target (See Figure 2 – Long Section). The hole yielded 11 samples mineralized above the cut-off grade of 0.5 g/t gold within a very broad untested structural corridor.

Figure 2 – Long Section of Mustajärvi Fault Zone and Drill Indicated Gold Lodes

Once again, the upper portion of the hole (to approximately 26m downhole) is dominated by mafic intrusive rocks (gabbro). The drill cut 7.75 metres of glacial overburden before passing into the strongly altered and sheared mafic intrusive rocks. At 25.9 metres down hole, the gabbro gives way to pervasively albitized intermediate tuffite metasediments, which exhibit variably abundant QCTP veining. The dominant foliation is perpendicular to the core axis, but its fabric is often destroyed by albite-silica-sericite alteration. Disseminated pyrite is widespread in the hole, but clots and blebs also occur in veins (at a variety of angles to core axis) and replacing (?) foliation.

The first mineralized interval was encountered just below the contact with the metasediments at a depth of 29.0 metres down-hole, an interval of 2.0m averaging 4.75 g/t Au. The mineralization is 

hosted by a series of QCTP vein with patchy pyrite. Another narrow, mineralized zone occurs at 82.5m down hole depth, returning 1.5 metres averaging 3.20 g/t Au. This gold zone is hosted in veins and vein breccias within highly fractured albitized and silicified intermediate tuffites. The pyrite occurs both as veins, stringers along foliation, and disseminations.

The main mineralized zone was intersected from a depth of 112.0 metres with 1.77 g/t Au over 7.0 metres, including 4.0 m averaging 2.79 g/t Au and one assay interval of 0.7 m at 11.67 g/t Au. Pyrite is associated with the gold, as is typical at Mustajärvi, occurring as clumps of coarse-grained pyrite and vein-controlled pyrite. This mineralized interval occurs just below a 22m thick interval of moderately altered gabbro. Mineralization within the gabbroic rocks is comprised of disseminated and quartz-carbonate vein hosted pyrite.

The intermediate tuffites are commonly crosscut by altered gabbroic dykes or sills. Molybdenite mineralization hosted in altered gabbro was observed at approximately 142 metres down hole. Molybdenite appears on fracture surfaces and as stringers related to quartz-carbonate veining. This type of molybdenite mineralization has not been observed at the Mustajärvi Project before. The molybdenite mineralization has been identified visually by the geologists on-site and has been routinely cross-checked using a hand-held pXRF device. Multielement assays, including molybdenum, are pending.

Drill hole 23MJ009 was designed to fill in between the East Target and the newly discovered mineralization in 23MJ005. It was collared approximately 100 metres towards NE from 23MJ005 and drilled with an azimuth of 145°, effectively in the opposite direction.

The hole initially hit altered intermediate tuffites, which were interrupted by altered mafic intrusive rocks of gabbroic composition, at approximately 21 metres down hole. Contact into the strongly altered intermediate tuffite that hosts mineralization was made at a depth of 52.8 metres down hole. The gabbros in this drill hole are variably but sometimes strongly altered and brecciated with disseminated and vein hosted pyrite and chalcopyrite mineralization.

Foliation is less evident in this hole than some, as it is often at a lower angle to the core axis, but folding is evident in the metasediments. Intense alteration commences below the gabbro where the tuffites are albitized and silicified over broad intervals, which often host QCTP veins and disseminated sulphides. The veins are chaotic in orientation and often brecciated, particularly when well mineralized.

The main mineralized zone was intersected starting from 75.55 metres depth and returned 5.55 metres averaging 4.45 g/t Au, including 1.1m at 15.27 g/t Au. This was followed by two narrow vein-controlled gold intervals of lower grade over the next few metres. This interval is comprised of patchy and semi-massive pyrite mineralization in strongly altered tuffites as well as QCTP veins. The alteration continues deeper in the hole, often fracture controlled and diminishing somewhat with depth, but gold-bearing QCTP veins reoccur between 146 and 158 metres depth.

Table 1: Significant Drill Intercepts in Drillholes 23MJ005 – 23MJ009

(Cut-off Grade 0.5 g/t Au)

Notes: Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geologic modelling. Au grades are uncapped.

Table 2: Mustajärvi Drilling 2023 Collar Information

(coordinates presented in EPSG:3067)

Test Trench Program Details

FireFox also completed two test trenches at the East Target to evaluate conditions for possible additional trenching, gather structural information about foliation, veining, and faulting, and to sample the surface exposure of the system. In order to minimize cost and environmental impact, the test was conducted in an easily accessible area with no forest cover. The trenches were excavated close to the location of the surface projection of shallow gold intersections from drill holes 23MJ001, 23MJ004 and 22MJ022 (see Figure 3).

Trench 1

Trench 1 was oriented NW-SE and exposed strongly weathered and altered bedrock below glacial sediments of varying depths, from 6.0m at the northern end to 7.5m at the southern end of the trench.

Summarizing the geology from north to south, the first 4.5 metres of the excavation exposed weathered intermediate tuffites with minor interbedded mafic volcanics. From 4.5 metres to the end of trench at 13 metres, the exposed bedrock is intensely altered and weathered intermediate tuffites, in which original textures are largely destroyed as it has been altered and weathered to orange-red clay. There are isolated relict quartz-tourmaline veins and veinlets, as well as cubic casts of abundant iron oxide after pyrite. Much of the red and orange colour is likely the result of oxidation of large amounts of pyrite, so the exposure may be called a gossan in places.

Figure 3. Mustajärvi East Target Exploration Trench Locations and Trench 1 Details

Channel sampling of Trench 1 returned high-grade mineralization in multiple contiguous samples as shown in Table 3, including 6.87 metres that averaged 59.12 g/t Au on an uncut basis. Individual bonanza grade samples in the interval include: 0.84m at 256 g/t Au, 0.77m at 72.5 g/t Au, 1.02m at 52.8 g/t, and 1.15m at 45.02 g/t Au. The high-grade gold mineralization is hosted in supergene clay material (altered and weathered bedrock) with relicts of quartz-tourmaline veins and minor veinlets. Locally, tourmaline comprises massive clots up to 20 cm in size. In addition, two chip samples were collected outside of the channel sampling, returning 25.9 g/t Au and 57.5 g/t Au.

The mineralization exposed in the trenches was thoroughly oxidized, and this supergene process may locally enrich gold grades relative to fresh rock. More work will be required to ascertain the degree (if any) of supergene enrichment. The same observation has been noted about high-grade gold in oxidized drill core from Mustajärvi.

FireFox geologists also collected some large samples for heavy mineral and gold separation work.

Trench 2

Due to the texture-destructive weathering encountered in Trench 1, a second trench was added to the program in search of fresher bedrock from which measurements could be taken on foliation, veins, and other structures. Based in part on mapping and observations of overburden thickness, Trench 2 was located approximately 20 metres to the northwest of Trench 1.

Trench 2 successfully exposed pristine bedrock with well-preserved structural features and common quartz-tourmaline-pyrite veinlets. Most of exposed veinlets were aligned either NE-SW (close to EW) or NW-SE. The exposed bedrock was composed primarily of weathered tuffites and other metasediments with lesser interbedded mafic volcanics.

While gold was highly anomalous in much of Trench 2, only one of the channel samples exceeded 0.5 g/t Au, that sample contained 2.92 g/t Au over 1.56m (Table 3). In addition, the team collected six rock chip samples from the trench, apart from the channel sampling, one of which contained 15 g/t Au.

Table 3. Channel Samples collected from the Trenches 1 and 2 – Gold by Screen Fire Assay

Mustajärvi East in Three Dimensions

The new trenching information fits well with the evolving geological model and three-dimensional understanding of the East Target. There is a core zone of very high-grade gold that comes to surface and is elongated in NE-SW direction. This shape has an apparently gentle dip to the southwest. It has been tested with drilling in multiple directions because it hosts both replacement-style gold-pyrite mineralization controlled by foliation and high-angle QCTP veins at various orientations. Figure 4 is a preliminary cross section, oriented NW-SE and looking to the southwest.

Figure 4 - Preliminary Cross Section through East Target Looking SW (23MJ001 and 002).

There appear to be brittle faults that cut the Mustajärvi East deposit, and these are interpreted to be late (post-mineral). One significant fault strikes northeasterly and may cut off the surface deposit and downdrop part of the mineralization to the south. The geometry remains complex, but intercepts in holes 22MJ025 and 23MJ003 appear to have cut high grades that suggest more mineralization at depth in that direction. This relationship can be seen in multiple cross sections, but it is well expressed in Figure 5, another NW-SE preliminary cross section that includes 22MJ025 and 23MJ003.

Figure 5 – Preliminary Cross Section through East Target Looking SW (22MJ025 and 23MJ003).

Methodology & Quality Assurance

Drill core was transported from the rig to the Company´s core storage facility in Sodankylä, where FireFox’s exploration team conducted the geological and geotechnical logging and selected the assay intervals. Assay intervals were generally 1 metre but in some circumstances were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures according to best industry practice and with due attention to quality assurance and quality control, including sampling field duplicates and insertion of certified standard and blank samples.

FireFox team members transported drill core samples to an ALS sample prep lab in Sodankylä. The samples were sawed then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). All samples exceeding 10.0 g/t Au were re-assayed in triplicate by fire assay of 50 gm aliquots with a gravimetric finish (method Au-GRA22).

Trenches were channel sampled with a diamond saw for the entire exposure in order to extract large consistent samples while cutting primary structures and veins as close to true thickness as possible. Where the rock integrity was compromised by weathering and alteration, geologists collected the samples with hammer and chisel. FireFox team members transported samples to an ALS sample prep lab in Sodankylä. The samples were crushed to -2 mm and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by screen fire assay (AU-SCR24).

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks inserted by Firefox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”

Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of 

targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2023. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (July 18, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report the results from the first four holes of the spring 2023 core drilling campaign at the Company’s 100%-held Mustajärvi Gold Project in Lapland, Finland. Drill holes 23MJ001, 23MJ002, 23MJ003 and 23MJ004 at the East Target all encountered several significant intervals of gold mineralization and extended the mineralization to the northwest, southwest, southeast, and downdip. Each hole yielded assays above 10.0 g/t gold.  Highlights of selected intervals are shown below, while Table 1 includes all significant intercepts:

• 23MJ001
  • 11.95m averaging 9.69 g/t Au from 5.4 metres down hole (includes 0.3 metres of core loss);
    • including 0.75m at 94.50 g/t Au; and
  • 5.35m averaging 8.09 g/t Au from 37.25 metres down hole;
    • including 0.85 m at 28.87 g/t Au.
• 23MJ002
  • 7.35 m averaging 2.40 g/t Au from 60.0 metres down hole;
    • including 1.0 meter at 10.51 g/t Au; and
  • 9.00 m averaging 1.06 g/ Au from 103.0 metres down hole.
• 23MJ003
  • 9.50 m averaging 2.08 g/t Au from 155.5 metres down hole;
  • 2.45 m averaging 15.22 g/t Au from 248.65 meters down hole;
    • including 1.45m at 24.16 g/t Au.
• 23MJ004
  • 20.45 m averaging at 5.14 g/t Au from 12.0 metres down hole;
    • including 0.75 m at 23.92 g/t Au;
    • including 3.15 m at 13.69 g/t Au;
    • including 0.9 m at 20.83 g/t Au; and
  • 14.8 m averaging 6.00 g/t Au from 54.0 metres down hole;
    • including 3.45 m at 19.43 g/t Au , which includes 1.55 m at 34.72 g/t Au.

Carl Lofberg, FireFox’s CEO, commented about the new results, “The drill results from Mustajärvi continue to reveal thicker replacement-style gold mineralization that is very near surface. These four holes have filled in some gaps in the heart of the East Target and confirmed an expansion of the system to the south with a 120m step out hole. These results also confirm the presence of at least two directions of controlling structures - the main lode has been confirmed as plunging to the southwest and deeper high-grade intercepts reinforce the importance of the northeast trending vein system. We have much more data on the way, as results from the final four holes of this drill program are still pending and our team has commenced a trenching program at Mustajärvi East.” 

Firefox intends to release updated long and cross sections later in July, along with results from the final four drill holes in the spring 2023 drill program.

Discussion of Drill Results

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. The project remains at an early stage. FireFox and predecessor companies have drilled approximately 14,158 metres, and drilling has delineated three different lodes of gold mineralization along more than 1.5 kilometres of strike so far. Due to its near-surface high-grade nature, the Company has been focusing most recently on the East Target. Figure 1 shows the surface traces of the most recent drill holes and mineralization at the East Target in relation to those from previous drilling and ground magnetics data.

As reported in the June 14, 2023 news release, the spring 2023 drilling program at Mustajärvi was focused on filling some gaps in the drilling and testing for extensions to the south, west, and southwest.  These first four holes from the program have improved confidence in the high-grade core of the East Target and established control of an important fault on the south side of the deposit, which has been confirmed as mineralized.  

Figure 1 - Mustajärvi Location Map with Recent Drilling over Ground Magnetics

Drill holes 23MJ001 and 23MJ002 were drilled along a northwest-southeast fence in an opposing scissors fashion. The first hole was drilled at an azimuth of 320°, while the second drillhole was directed at 140°.  Their drillhole traces parallel each other, approximately 15 metres apart. The holes were designed to test the western side of the shallow high-grade replacement style mineralization and probe for downdip extensions of the Riedel veins that often host high-grade gold. This orientation of drilling cuts perpendicular to the first order structures at Mustajärvi. In this part of the property, the Mustajärvi fault zone is represented by multiple splays that trend northeast, and this direction is an important control in both replacement-style and vein hosted mineralization.

In addition to infilling a gap in the geological model on the western side of the target, 23MJ001 tested for deeper vein-controlled mineralization north of the main lode. The hole was collared in thin glacial till sediments overlying strongly weathered intermediate tuffites. Just below the glacial sediments, the tuffites are pervasively albitized, sericitized and silicified, with fracture-controlled (secondary) kaolinite. The hole is dominantly hosted in the intermediate volcaniclastic sediments, but there are multiple mafic and ultramafic interbeds and possible dikes. Faulting is evident in the hole, sometimes associated with zones of high pyrite, and mylonite zones appear deeper in the hole.  Pyrite, often oxidized, is abundant in the shallow portions of the hole, occurring as disseminations, patches and clots along foliations and fractures, and in veins. In the deeper portions of the hole, pyrite is most often associated with quartz-carbonate-tourmaline veins.   

Gold mineralization starts immediately beneath the glacial cover at a depth of 5.4 m, where 23MJ001 cut an interval averaging 9.69 g/t Au over 11.95 m, including 37.24 g/t Au over 2.25 m. The narrower high-grade zones are usually associated with massive pyrite and faulting, but the longer interval exhibits clear evidence of gold accompanying the albite-silica-sericite-pyrite replacement. As is commonly seen at Mustajärvi, early albite appears to make the rock brittle and the gold mineralization enters later either with massive silica and pyrite or in crosscutting brittle veins. In these shallow intercepts, gold may be enriched by the process of oxidation, but this has yet to be confirmed as high-grades carry into primary sulphide-bearing intervals.

There is additional high-grade mineralization sporadically down hole to 51 m depth, with an additional wider zone starting at 37.25 m that averaged 8.09 g/t Au over 5.35m (See Figure 2 for a photo of the drill core). Numerous mylonite zones in the hole are mineralized, such as a 0.8m sample from 171m depth, which contained 1.23 g/t Au.

Drill hole 23MJ002 is the northernmost collar to date at the East Target. This hole was designed to undercut the near-surface replacement-style mineralization and test its western downdip continuation. The hole passed through a more monotonous sequence of intermediate tuffites, which is cut by numerous faults and veins, but mafic rocks were much less abundant than in 23MJ001. The hole encountered 21 individual mineralized samples above the cutoff grade of 0.5 g/t Au between 33.0 and 127.0 metres depth. From 60.0 m depth, there is a 7.35 m interval averaging 2.40 g/t Au, including 1.0 m at 10.51 g/t, which is associated with vein breccias and mylonite. There is also deeper lower-grade mineralization, as is commonly seen south of the heart of the system.

Drill hole 23MJ003 was collared across the highway more than 120 metres southeast of any previous drilling at the East Target. The hole was directed northwest at an azimuth of 320° towards deep mineralization previously intersected by drill hole 22MJ025 (see FireFox news release dated February 15, 2023), which returned 1.2 m at 8.75 g/t Au from 251 m depth and several intervals above 1.0 g/t Au. In addition, this hole tested the predicted contact between Savukoski group ultramafic rocks and Sodankylä group metasediments.

The contact between the ultramafic volcanics and the metasedimentary intermediate tuffites was successfully intersected at a depth of 152 metres. The ultramafic rocks near the contact are talc-carbonate-chlorite altered, locally with disseminated sulphides. The contact zone is strongly mylonitized and the rocks immediately beneath the contact are strongly altered, reflecting pervasive albite and fracture-controlled sericite-kaolinite. The footwall intermediate tuffites reflect regular interbeds of mafic and ultramafic volcanic rocks and several faults and mylonite zones. The hole intersected several mineralized intervals with weak disseminated pyrite mineralization associated with sericite-kaolinite.

While most of the intercepts in 23MJ003 are comparatively narrow, several of the significant drill intercepts are associated with albite-silica-sericite-pyrite replacement. Quartz-carbonate-tourmaline-pyrite veins and veinlets are also widespread in this drill hole. At 155.5 m depth, the hole intersected an interval of 9.50 m averaging 2.08 g/t Au, including 1.0 m at 8.63 g/t Au. Mineralization in this zone is hosted in albite-quartz-sericite alteration with local carbonate-tourmaline veinlets. 

At approximately the same depth as previously drilled in the area, 22MJ003 confirmed a significant deep high-grade zone of gold mineralization. This interval was 2.45m averaging 15.22 g/t Au, including 1.45m at 24.16 g/t Au, from 248.65 metres deep. The high-grade zone is hosted in quartz-albite fault breccia (possible hydrothermal breccia) with disseminated pyrite mineralization and associated quartz-tourmaline and tourmaline veinlets (See Figure 3 for a photo of the drill core). In total, drill hole 23MJ003 intersected 14 individual mineralized intervals above the cutoff grade of 0.5 g/t Au.

Drill hole 23MJ004 was collared on the east side of the East Target, directed at an azimuth of 240° to evaluate the near-surface replacement zone and its continuation down plunge to the southwest. The southwest drill direction enables testing of the northwest oriented faults. The thickest and highest-grade gold zones at Mustajärvi East appear to be controlled by intersections of both prevailing structural directions. Figure 1 shows that this hole begins in the magnetic low known to host the near-surface high grade gold and plunges into a subtle magnetic low corridor to the southwest. 

Immediately beneath a thin veneer of glacial sediments (5.7 metres downhole), the hole passed into intermediate tuffites, which are pervasively albitized and strongly oxidized. The volcaniclastic rocks continue to the bottom of the hole at 175.5m, but the sequence is cut by gabbro dikes and occasional interbeds of mafic tuffs. In total, this hole encompassed 41 individual samples that assayed above the cutoff grade of 0.5 g/t Au. Mineralization started at 12 m depth, where the hole intersected a near-surface pyrite mineralized zone, which returned 20.45m averaging 5.14 g/t Au. This interval included multiple short higher-grade intercepts, including 3.15m at 13.69 g/t Au, and 0.75 m at 23.92 g/t Au. The gold in this zone correlates with moderate to strong concentrations of pyrite that occur in several modes, including replacement-style on foliations and fractures, as well as stringers and veinlets. A photo of the drill core is linked as Figure 4.  

Another high-grade zone was intercepted at 54.0 m depth, spanning an interval of 14.8m that averaged 6.00 g/t Au, including 3.45 m at 19.43 g/t Au. This interval is also dominated by replacement-style pyrite and pervasive silicification and variable sericite and kaolinite.        

As shown in Table 1, several additional well-mineralized intervals were intercepted between 89m and 155m depth. Gold mineralization is consistently associated with pyrite, most often in quartz-carbonate-tourmaline-pyrite (QCTP) veins and veinlets cutting pervasively albitized intermediate tuffites. The silica-sericite-pyrite replacement zones with gold normally occur in the metasedimentary (tuffite) rock package. Pyrite also commonly forms individual massive stringers along brittle fractures.

It is noteworthy that drill hole 23MJ004 ends in mineralization. Just beneath a mylonite zone in ultramafic volcanic rocks, the rock becomes heavily veined and fractured. The drill was likely entering a fault zone, where recovery became difficult. The final sample was a veined and brecciated intermediate tuffite with pervasive albite and silica, bladed calcite, and traces of visible pyrite. The last 0.9m sample from 174.6 m depth assayed 4.25 g/t Au.

It is clear from these drill holes that the Mustajärvi East system persists to depth with numerous examples of QCTP veins and breccias containing more than 3.0 g/t gold having no follow-up drilling yet.

Table 1: Significant Drill Intercepts in Drillholes 23MJ001 – 23MJ004
Cutoff Grade 0.5 g/t Au

SODANKYLÄ, FINLAND – (June 29, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report the results from its second reconnaissance diamond drilling campaign at its 100%-held Sarvi Gold Project in Lapland, Finland.

This drilling campaign included four drill holes, totalling 611 metres. These holes were designed to test a combination of geochemical anomalies (till and rock sampling) and structural/geological targets (See Figure 1). The drilling was not successful in identifying high-grade gold, but the drill holes did encounter quartz-carbonate (tourmaline) veining with sulphides, as well as sulphide-bearing carbonaceous sediments above a contact with mafic volcanic rocks.

FireFox’s CEO, Carl Löfberg, commented, “We are pleased that this program, despite having been cut short due to spring snow conditions, has provided significant information to advance our understanding of this high-priority property. We have identified attractive host lithologies and low levels of mineralization, while also confirming that more till sampling is essential to our drill targeting. We are now planning our winter till sampling program to continue our systematic exploration at Sarvi. In the meantime, the team is excited to focus on the upcoming drill results from our Mustajärvi project, where we are confident that we will continue to grow our high-grade East Target.”

Overall, these drill results were similar to the first phase of drilling in 2022 (see Company news release dated May 27, 2022). A few highlights from the drill hole analyses follow:

• Weakly anomalous gold in two of the four holes, with no values above 0.100 g/t;
• Widespread areas of anomalous copper, including narrow intercepts of 841, 652, and 605 ppm;
• Anomalous multielement geochemistry in all holes, generally consistent with the till results:
  • Elevated silver (Ag), arsenic (As) antimony (Sb), copper (Cu), bismuth (Bi), molybdenum (Mo), tellurium (Te), zinc (Zn), and other elements; and
• Drill hole 23SA004 passed through a fault zone with polymetallic enrichment and weakly anomalous gold, including:
  • 2.23 ppm Ag, 652 ppm Cu, 1,680 ppm Zn, and 0.044 g/t Au over 1.35m from 16.0m depth.

The most important finding from this phase of drilling is that the mudstones and black shales at Sarvi are likely the best hosts for gold, silver, and base metal mineralization. This is consistent with previous drilling on the property completed by the Geological Survey of Finland (GTK) in 2009.  Assays from two historical holes located approximately 5km west of FireFox’s Phase 2 drill holes reportedly include 1.6 metres averaging 1.1 g/t Au from 26.4 metres depth (drill hole M371209R5) and 0.5 metres averaging 3.57 g/t Au from 69.5 metres depth (drill hole M371209R8). [This drilling was carried out by previous operators and has not been independently verified by the Company’s Qualified Person. Reported intervals are core lengths and true thickness has not been estimated at this time.]  The FireFox team is reviewing the historical drill core from these holes. The preliminary interpretation is that these intercepts occur in similar metasedimentary rocks to those hosting low-grade gold, silver, and base metals elsewhere at Sarvi. This geological unit appears to extend across the Sarvi permits, creating target settings on which to focus future exploration where this metal rich stratigraphy is cut by late-stage faulting.

In the upcoming exploration season, FireFox intends to extend base-of-till (BoT) sampling into new areas and increase the sampling density with a focus on the metasedimentary rock package. Interpreted structures and/or magnetic anomalies that are believed to cut the black shales and mudstones will be the highest priority for more sampling and drilling.

Figure 1 – Sarvi Project: Drill Holes, BoT, and Rock Samples Over Geology

Project and Program Details

The Sarvi Project (“Sarvi”) is part of the Company’s large land package immediately north of Rupert Resources’ Area 1 Project (Ikkari Deposit). The project is centred on the Sarvi exploration permit and includes two additional exploration permits, Sarvi-2 to the north and Keulakko to the west, for a total permitted area of 21 km². The Sarvi permits cover a portion of the Kittilä Suite of volcanic rocks, which is cut by several interpreted faults.  The project is at a very early stage; however, the geological understanding has been advanced through a compilation of detailed magnetics from both drone-based and ground surveys combined with almost 1,600 BoT samples and a total of 2938.8 metres of drilling.  Much of the property is covered by glacial sediments, so outcrop is rare, but the technical team has identified a number of structures and lithologic contacts as targets based on detailed magnetics data.

Drill holes 23SA001 and 23SA002 were collared 42 metres apart and drilled in a south oriented drill fence. The holes tested a steep magnetic gradient that is coincident with a surface rock sample that yielded 1.47 g/t Au and 1.86% Cu (see Company news release dated August 24, 2021). These drill holes intersected mafic volcanic rocks including some evidence of shearing and folding with locally intense quartz-carbonate veining, including chalcopyrite, pyrite, tourmaline, and iron carbonate. Gold assays were all close to or below the detection limit, however, both holes returned multiple assays with elevated copper (>300pppm) including a high sample of 841ppm copper in 23SA002. This latter sample was accompanied by elevated cobalt (100.5ppm) and arsenic (105.5ppm).

Drill hole 23SA003 was collared approximately 1.4 kilometres southeast of 23SA001 and 23SA002. In this area, a magnetic high is apparently cut by late faulting and the BoT samples were anomalous in arsenic and copper. The drillhole was aimed to the south and passed through a thick section of mafic volcanic rocks.   A two-metre interval starting at 132metres returned elevated copper with an average of 605ppm Cu. 

Drill hole 23SA004 was located approximately 750 metres north from 23SA003. The target for this hole was a strong geochemical anomaly in the BoT sampling, including elevated silver, arsenic, bismuth, tellurium, and molybdenum. These elements are often enriched in Lapland gold systems. The hole intersected an interval of abundant pyrite in graphite-bearing mudstones and black shales above a gradational contact with the underlying volcanic rocks. The drill hole passes into mafic volcanic rocks (likely tholeiitic basalts) at approximately 91m downhole and continuing until final depth of 235 metres. Establishing the presence of this contact between the sulphide-bearing mudstones and the basalt is very useful for ongoing work at Sarvi.  

Results from this hole correspond well with the BoT geochemistry, with anomalous gold and the associated pathfinder elements above the contact with the volcanics. There were multiple narrow intervals in the hole with elevated silver, copper, cobalt, zinc and other elements.  The best interval occurred near surface at 16.0m depth: 1.35m containing 2.23 g/t Ag, 0.044 g/t Au, 652 ppm Cu, 121.5 ppm, and 1,680 ppm Zn.

Table 1. Sarvi Drill Collar Data (coordinates presented in EPSG:3067)

Methodology & Quality Assurance

FireFox geologists selected individual intervals of drill core for analysis based on visible mineralization and/or alteration and/or structural deformation.

FireFox team members transported rock and core samples to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Multielement results are normally reported from ALS – Ireland from a four-acid digestion followed by ICP-AES analyses (method ME-ICP61).

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of blind certificated standard material and blanks into the analytical batches, and results reported here did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2023. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (June 14, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to announce that it has completed a drilling program at the newly discovered high-grade zone in the East Target of the Mustajärvi Project. The Company drilled nine (9) diamond core holes totalling 1540.6 metres during the short spring 2023 program. These drill holes were designed to infill gaps in the modelled near-surface gold shapes and test for significant extensions to the west and southwest (see Figure 1). The new holes included close offsets and downdip tests of the replacement style gold mineralization drilled in the East Target, but the drilling also included major step-outs of 80m and 220m along strike to the southwest.  Assays of the drill core are in progress.

The Company has also received multielement geochemical analyses on the drill core from the fall 2022 drilling campaign. The most recent data are consistent with previous results from Mustajärvi drilling; the gold mineralization is consistently enriched in bismuth (Bi), tellurium (Te), molybdenum (Mo), selenium (Se), nickel (Ni), and cobalt (Co). Silver (Ag), arsenic (As), and copper (Cu) occur at relatively low levels at Mustajärvi. Cobalt is quite enriched at the East target, reaching maximum values of 0.497% and 0.461% over separate 1 metre samples in the 2022 drilling. Drill hole 22MJ021 recorded the strongest cobalt interval yet drilled, along with one of the best gold results as well (see Company news release dated January 18, 2023):

• 22MJ021: 15.5m at 13.09 g/t Au, 0.15% Co, and 143 ppm Te from 11.0m depth, including
  • 6.5m at 19.18 g/t Au, 0.27% Co, and 247 ppm Te from 20.0m depth.

FireFox’s CEO, Carl Löfberg, commented about the drilling at Mustajärvi, “This drill program is meant to reveal the potential scale of the gold system we have been drilling at Mustajärvi.  The combination of careful structural measurements and detailed interpretation of geophysics directed the team to focus the step-out drilling along a northeast-southwest corridor. Our preliminary impressions are that the new drilling has been successful in extending the mineralized corridor to the southwest. The elevated cobalt that is associated with the gold is a recurring theme at Mustajärvi. While we know the cobalt occurs in pyrite, which is also correlated with the gold, there remains a lot of work to understand whether the cobalt could be economically recovered. We look forward to the receipt of the gold and multielement assays from this latest round of drilling.”  

Mustajärvi Project and Drill Program Details

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. The property straddles the Mustajärvi Shear Zone (MSZ), a major right-lateral shear zone that has associated second and third-order structures which further dissect the project into separate structural zones. The Sodankylä Group rocks, which are primarily to the north of the shear zone in the footwall, include metamorphosed sedimentary and volcaniclastic rocks. Geophysics and drilling have identified an extensive corridor of albite – sericite alteration in the footwall along more than two kilometres of the structure. The project remains at an early stage as FireFox and predecessor companies have drilled approximately 14,158 metres to date.

 Figure 1 - Spring 2023 drilling campaign at Mustajärvi East Target - infill and step out holes.

FireFox’s structural model identified repetitive dilatant zones along the MSZ where vein swarms, replacement style, and higher-grade gold are concentrated. Three main areas of gold mineralization have been identified along a 2.1-kilometre segment of the MSZ, namely the Central Zone, the Northeast Target, and the East Target. The Central Zone and East Target have clear expressions of significant grade and thickness of gold mineralization at surface, whereas the gold at the Northeast Target is concentrated between 100 and 150 metres below surface. Folding and extensive faulting are in evidence, suggesting the potential for locating much more gold around and between these three widely spaced targets.

The spring 2023 drilling at Mustajärvi was focused on the East Target with a primary goal to extend known, shallow high-grade mineralization. FireFox geologists have collected structural geology evidence indicating that a primary control on the East Target mineralization trends to the southwest. The detailed ground magnetics also revealed a subtle corridor of less magnetic rocks trending to the southwest beneath the highway. There is also a chargeability anomaly in the area, immediately SW of the latest drilling, that may mark the presence of sulphide minerals. The high chargeability zone strikes northeast and dips to the southeast, subparallel with the inferred lithological contact and slightly oblique to the MSZ. The nature of the elevated chargeability was untested until this drill program. The drilling was targeted based on a combination of FireFox’s 3D geological model, structural geology, and geophysics. Due to the near-surface nature of the high-grade target in this area, most of the drill holes in this program were shallow (See Table 1).

Drill holes 23MJ001 and MJ002 were aimed at the western side of the shallow high-grade replacement style mineralization and downdip extensions of the Riedel veins that often host high-grade gold. 23MJ001 undercut a bonanza grade intercept in 22MJ024 (3.4m at 50.91 g/t Au from 91.8m depth), which was reported on February 15, 2023. Both of these holes evaluated the downdip continuation of the thicker replacement style zones of mineralization in the centre of the East Target.

The team stepped out over 100m to the south with drill hole 23MJ003, which was aimed back to the northwest to probe for a key lithologic contact and shear zone. Drill hole 22MJ025 had intercepted narrow intercepts of 14.53 and 8.75 g/t gold at depth, but it failed to reach the shear zone (see Company news release dated February 15, 2023). The FireFox geological model predicts that jogs in the sheared contact between the Sodankylä group and Savukoski group rocks are associated with the strongest gold occurrences along the shear zone. The new drill hole passed through the contact at the approximate depth predicted. The shear zone has now been drilled over a strike length of more than 2.2km despite numerous complex jogs and displacements in the feature.

Drill holes 23MJ004 and 23MJ007 are drilled along a northeast-southwest direction, roughly parallel to the MSZ. This alternative direction of drilling yielded excellent results during a first test, as reported in the January 2023 FireFox news release. In this area, there is a well-developed zone of thicker replacement style mineralization that comes very close to surface and is interpreted to plunge to the southwest. Drill hole 23MJ007 cuts across an interpreted structure and passes through a strong magnetic low on the northwest of the known gold zone. These holes could offer meaningful extensions to the heart of the East Zone mineralization. Drill hole 23MJ006 was lost due to drilling difficulties and replaced with 23MJ007.

Drill holes 23MJ005 and MJ009 were drilled along northwest-southeast section lines, separated by approximately 20 metres. One hole was aimed to the northwest and the other to the southeast in order to test both shallow and deeper portions of the combined IP chargeability and magnetic anomaly that extends west from the East Target.

The team executed a bold step-out drill hole with 23MJ008. It was collared approximately 120 metres southwest from 23MJ005 and more than 220 meters southwest from 22MJ022. The structural geology and apparent controls on the shallow high-grade parts of the East Target appear to indicate a southwest plunge.  That pattern is echoed by the complex patterns seen in the detailed ground magnetics. This drill hole was directed at crosscutting the prevailing shear direction and testing a new corridor of low magnetics that may define another zone of alteration. 

Firefox Gold geologists are actively working with the new drill core, logging geology, and making measurements. Samples are still being delivered to the laboratory and assays are pending for all of this drilling. More information can be expected during the coming weeks.

Table 1. Mustajärvi Spring 2023 Collar Information (coordinates presented in EPSG:3067).

Methodology & Quality Assurance

The multielement analytical results reported herein are from drill core samples processed by ALS Laboratories. After receipt of gold assays, the FireFox team selects subsets of samples to be subjected to multielement geochemical analyses. These data are reported from ALS – Ireland using a four-acid digestion followed by ICP-AES and ICP-MS analyses (method ME-MS61).

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of blind certificated standard material and blanks into the analytical batches, and results reported here did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

Dr. Sven Hönig, Certified European Geologist (EFG EurGeol Title # 1789) and General Manager - Exploration of the Company, is a qualified person as defined by National Instrument 43-101. Dr. Hönig has supervised the field work reported herein and has helped to prepare and approves the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: evolving geological interpretations; continuity of geological targets; timing for completion of assays; intent to conduct additional drilling; belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the scale and scope of the current and future work program, including the extent and nature of exploration to be conducted in 2023. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

VANCOUVER, BC – (June 8, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group (“ITG”) to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objectives of maintaining a reasonable market and improving the liquidity of the Company’s common shares.

Under the agreement, ITG will receive compensation of CAD$6,000 per month in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with a 30 days’ notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SODANKYLÄ, FINLAND – (May 31, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report the completion of a second diamond drilling campaign at its 100%-held Sarvi Gold Project in Lapland, Finland.

The Sarvi Project (“Sarvi”) is part of the Company’s large land package immediately to the north of Rupert Resources’ Area 1 Project (Ikkari Deposit). The project is centred on the Sarvi exploration permit and includes two additional exploration permits, Sarvi-2 to the north and Keulakko to the west, for a total permitted area of 21 km² (see Figure 1). The Sarvi permits cover a portion of the Kittilä Suite of volcanic rocks, which is cut by several interpreted faults.   

This follow-up reconnaissance drilling campaign at Sarvi included four drill holes, totalling 611 metres. These holes were designed to test a combination of geochemical anomalies from base-of-till (BoT) sampling and structural/geological targets (See Figure 2). The geological understanding of the project has been advanced through a compilation of detailed magnetics from both drone-based and ground surveys combined with almost 1,600 BoT samples. This round of drilling encountered quartz-carbonate (tourmaline) veining with sulphides, as well as sulphide-bearing carbonaceous sediments at a contact with mafic volcanic rocks. Drilling in 2022 also encountered sulphide-rich graphite bearing tuffs and schists that contained highly anomalous gold and silver (see Company news release dated May 27, 2022).

The drilling was terminated early due to rapid onset of melting. Assays are pending for all four drill holes.

FireFox’s CEO, Carl Löfberg, commented about the Sarvi drilling, “We continue to advance our portfolio of assets in Lapland, drilling on two of our five permitted projects during the winter 2023 program. Despite a shortened program at Sarvi due to the onset of spring conditions, the winter drilling was very valuable. The team identified sulphide minerals in three of the four holes and drilled an important sediment-volcanic contact. We can see evidence for multiple stages of deformation at the project along with anomalous gold, silver, and a suite of pathfinder elements that has been shown to be important in Lapland. As is the case for numerous projects in this area, outcrop is sparse, so we plan to expand our base-of-till sampling program to support more drilling. In the meantime, we look forward to receipt of the assays for these four holes.”

Geology and Details of the Sarvi Drill Program

Drill holes 23SA001 and 23SA002 were collared 42 metres apart and drilled in a south oriented drill fence. The holes tested a steep magnetic gradient that is coincident with a surface rock sample that yielded 1.47 g/t Au and 1.86% Cu (see Company news release dated August 24, 2021). These drill holes intersected mafic volcanic rocks including some evidence of shearing and folding with locally intense quartz-carbonate veining, including  chalcopyrite, pyrite, tourmaline, and iron carbonate.

Drill hole 23SA003 was drilled approximately 1.4 kilometres southeast of 23SA001 and SA002. In this area, a magnetic high is apparently cut by late faulting and the BoT samples were anomalous in arsenic and copper. The drillhole was aimed to the south and passed through a thick section of mafic volcanic rocks.

Figure 1- Sarvi Project Location

Drill hole 23SA004 was located approximately 750 metres north from 23SA003. The target for this hole was a strong geochemical anomaly in the BoT sampling, including elevated silver, arsenic, bismuth, tellurium, and molybdenum. These elements are often enriched in Lapland gold systems. The hole intersected a sediment-volcanic contact with abundant pyrite in graphite-bearing mudstones and black shales. The pyrite-bearing section appears similar to the anomalous gold and silver intercept from the west side of the property in 2022. Below this interval, the drill hole passes through a gradational contact with mafic volcanic rocks (likely tholeiitic basalts) at approximately 91m downhole. Establishing the presence of this contact between the sulphide-bearing mudstones and the basalt is very useful for ongoing work at Sarvi.

The drilling fleet was subsequently moved to the Mustajärvi Project area for additional drilling around the high-grade East Target.   

Figure 2 - Spring Drilling Locations, BoT, and Rock Samples Over Ground Magnetics

Methodology & Quality Assurance

FireFox team members transported rock and core samples to an ALS sample prep lab in Sodankylä. The samples were then crushed to -2 mm, split and pulverized into 1kg pulps, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA24). Multielement results are normally reported from ALS – Ireland from a four-acid digestion followed by ICP-AES analyses (method ME-ICP61).

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of blind certificated standard material and blanks into the analytical batches, and results reported here did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company’s website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2023. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SODANKYLÄ, FINLAND – (April 19, 2023) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or the “Company”) is pleased to report that it has been granted a new exploration permit covering nearly 20km² along a major geologic break (“the Kolho Trend”) in Finland’s Central Lapland Greenstone Belt (CLGB) (see Figure 1, below).

The Kolho Trend occupies a 23-kilometer-long section of a key thrusted contact zone that is deformed around older granitic rocks. Regional mapping by the Geological Survey of Finland (GTK) and limited exploration along the trend has revealed evidence of complex faulting and folding from multiple deformation events. Bedrock geology is interpreted to include mafic to ultramafic volcanic rocks, graphitic schists, and quartz-rich clastic rocks that have been thrust onto Archean basement to the east. These rock units are part of the assemblages that host Agnico Eagle’s Kittilä Mine and Rupert Resources’ Ikkari deposit.

In spite of its prospective setting, there is evidence of only very limited gold exploration along the Kolho Trend prior to FireFox gaining control of it in 2020 via an exploration reservation (see News release dated September 16, 2020). The Company subsequently applied for six exploration permits covering 122.60 km² of the original reservation area, of which the central 19.56 km² license, “Nuttio” is the first to be approved. Issued by Tukes, the Finnish Safety and Chemicals Agency, the exploration permit is an important step as it allows for mechanized work, including diamond drilling, exploration trenching and bottom-of-bill (BoT) sampling.

FireFox’s CEO, Carl Löfberg, commented, “Our previous surface and geophysical work secured our belief that the Kolho Trend is highly prospective for orogenic gold deposits. This huge new Nuttio permit is just the first of several we expect to receive to cover the entire trend, allowing us to control exploration and discovery in an exciting new area. We are eager to get started, so we have mobilized a BoT rig to take advantage of the remaining winter drill season with a brief sampling program.”

Since 2020 FireFox has undertaken reconnaissance exploration and completed airborne magnetics over the area. The FireFox team worked jointly with GoldSpot Discoveries on an integrated interpretation of the geophysical data along the Kolho Trend. In addition to the multiple generations of deformation that are evident in the Kolho thrusting and shearing corridor, there are also prominent N-S and NE oriented linears that appear to be later stage structures (see Company news release dated May 12, 2022). The presence of these late crosscutting structures is consistent with the setting of the Kittilä Mine along the Kiistala shear zone (~20km NW).

Based on this targeting work, FireFox selected the Nuttio permit as the first project to move forward along the Kolho Trend. The Company has mobilized a BoT drill rig to Nuttio and commenced its first detailed sub-surface testing program.