Cassiar Gold Appoints James Maxwell to its Board of Directors

Calgary, Alberta--(Newsfile Corp. - July 12, 2022) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce that James Maxwell, P.Geo., has been appointed to the Company's board of directors, effective July 12, 2022. Mr. Maxwell has served as a member of Cassiar Gold's technical advisory team and support committees since July 2019 and this appointment represents an expansion of his role with the Company.

A professional geoscientist with over 20 years of industry experience focused on exploration and development of orogenic gold discoveries, Mr. Maxwell has been part of discovery teams responsible for five major gold discoveries in Nunavut and Red Lake, Ontario. He is currently the VP Exploration for First Mining Gold Corp. and was previously the Director of Exploration for Sabina Gold & Silver Corp. where he helped establish a 6-million-ounce gold resource base from discovery to the feasibility study level. Prior to working in Nunavut, Mr. Maxwell established an early career in the Birch-Uchi and Red Lake Greenstone belts where his team earned the Northwestern Ontario Prospectors Association Discovery of the Year Award for the Rahill-Bonanza discovery. He holds a Bachelor of Science from the University of Manitoba with a focus on geological sciences and is registered with the Professional Geoscientists Ontario and the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists.

"James has contributed invaluable technical insights and timely support to the Company since joining our technical advisory team three years ago and I am proud to welcome him today as a member of the Board," stated Marco Roque, President and Chief Executive Officer of Cassiar Gold. "James brings incredible passion to his work, exceptional technical expertise on orogenic gold systems and a deep conviction in the potential of the Cassiar Gold District. We are very fortunate to add his expertise to the Board level and look forward to his ongoing contributions as we aggressively explore the Cassiar Gold Property to unlock its full exploration potential."

"A tremendous team has been built at Cassiar Gold at the Board, management and technical levels in terms of our ability to operate," stated Mr. Maxwell. "I am delighted to be joining the board and believe that we are on a clear path to success with the Cassiar Gold District. As the last two years have demonstrated, the more effort we put into this property with our exploration programs, the more it gives. With the 2022 exploration campaign being the largest program yet, I believe we will continue to see results that will move the needle for the district and shareholders."

The Company also announces that Wilson Jin has stepped down as a director to focus on other ventures and wishes to thank him for his time and contributions over the past three years.

About Cassiar Gold Corp.

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km² and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t) known as the as the Taurus Deposit (see National Instrument 43-101 Technical report on the Cassiar Gold property, April 28, 2012, by S. Zelligan, J. Moors, C. Jolette, posted to SEDAR); and Cassiar South which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (BC Minfile), underscoring the high potential for further discovery and expansion of bonanza-grade orogenic gold veins.

The Company also holds a 100% interest in the Sheep Creek gold camp located near Salmo, BC. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in BC with historical gold production of 742,000 ounces gold at an average grade of 14.7 g/t gold from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

Cassiar Gold acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.

CONTACT INFORMATION

Cassiar Gold Corp.
Shirley Anthony
VP Investor Relations & Communications
1-778-999-2771
Shirley@cassiargold.com

Forward-Looking Statements

This press release may contain forward looking statements including those describing Cassiar's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: the use of proceeds of the Offering and ability to renounce the flow through expenditures.

Although Cassiar believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the current COVID-19 pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in the Company's Annual Information Form for the year ended September 30, 2021.

Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither the 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.

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