Scottie Resources Plots Expedited Path to Potential Multi-Million Ounce Gold Deposit

• Scottie Resources is a gold exploration company focused on the Golden Triangle region of British Columbia.
• They have identified high-grade gold mineralization across multiple zones at their 100% owned Scottie Gold mine project.
• In 2024, they are deciding whether to drill off an initial 1 million-ounce resource or continue expanding known zones.
• Management believes they are on track to demonstrate potential for a 2 million ounce deposit. They cite attractive attributes like high grades, good metallurgy, accessible location.
• The CEO remains confident in the asset and gold more broadly based on central bank buying, but equities have lagged gold price performance.

About Scottie Resources

Scottie Resources Corp is a mineral exploration company focused on the Stewart Mining Camp in British Columbia's Golden Triangle, a prolific mineralized region. The company holds interests in multiple properties totaling approximately 60,000 hectares in the area.

Key assets include a 100% stake in the Scottie Gold Mine Property, which hosts the past-producing high-grade Scottie Gold Mine as well as the Blueberry Contact Zone. Scottie also wholly owns the Georgia Project, which contains the high-grade past-producer Georgia River Mine.

Other Scottie projects in the Stewart Camp include the Cambria Project, and the Sulu and Tide North properties. The company’s focus is on expanding known mineralization around historic mines while also advancing near-mine high-grade gold targets.

The goal is to delineate mineral resources on Scottie’s properties in this highly prospective region for gold and other metals. With a large and diversified portfolio in the Golden Triangle, Scottie Resources is well-positioned to make new discoveries and potentially restart historic mines.

Interview with President & CEO, Brad Rourke

Scottie Resources Plots Potential Path to 2 Million Ounce Gold Deposit

With high-grade intercepts continuing to come in from their flagship 100% owned Scottie Gold mine project, the company finds itself at a key strategic junction early in 2024.

“We are in the position that we could drill off a resource. We would never do a resource unless we could do a million ounces," stated CEO Brad Rourke in a recent interview. “I’m comfortable now in saying that we're targeting two million ounces. I can articulate where those two million ounces are.”

While funding constraints may limit drilling meters this year and hopes of over 50,000 meters, Rourke emphasized the flexibility afforded by controlling 100% of the asset with no royalties. “We have optionality." he explained.

Crucial Decisions Ahead

In the next few weeks, Scottie Resources management will decide between accelerating initial resource delineation or continuing exploration focused on new discovery and expansion drilling around currently defined zones of high-grade gold mineralization.

While reluctant to commit firmly before internal reports are finalized, Rourke estimated the company could currently delineate 1 million ounces relatively easily, with the “easiest ounces” likely coming from the Blueberry Contact Zone. The company's confidence stems from approximately 60,000 meters of drilling conducted over the past five years across the 145 square kilometer land package surrounding the formerly producing high-grade Scottie Gold Mine.

Exploring a Past Producing High-Grade Gold Mine

The Scottie Gold mine operated from 1981 to 1985, producing 95,426 ounces of gold from 183,147 tonnes at an average recovered grade of 16.2 g/t. Little modern-day exploration occurred before Scottie Resources acquired the project in 2018.

Located approximately 50 km north of Stewart, BC and 20 km north of Ascot Resources' Premier project which heads towards first gold production in 2024, the road-accessible Scottie project covers the Cambria fault system, an extensive mineralized geological structure also hosts multiple mines further south. Infrastructure in the area has benefited from resurgent development activity from operators like Ascot.

Since acquiring the Scottie gold project, Scottie Resources has set out to demonstrate the potential for new discovery both along strike and at depth from the past producing Scottie mine while also validating substantial underexplored high-grade showings across the wider land package. Far from exhausted, the small-scale historical mine workings exploited only a short strike length close to surface.

Maiden Resource Within Reach

Significant high-grade results over the past 2 years point towards strong potential for delineating a meaningful initial gold resource on the project for the first time in its modern history - provided the market appetite and funding allow for it.

While reluctant to overpromise before reviewing the independent report, CEO Brad Rourke conveyed confidence in plotting a clear path towards demonstrating potential for at least 1 million ounces. The Blueberry Contact Zone and other prospective targets could hold potential for significantly more with further drilling.

"Agentis Capital started to write about Scottie and that's a big win for us - we're flattered because Michael Gray carries a lot of respect in this industry - it took him two site visits to come up to Scottie but here we are today," remarked Rourke on growing third party validation of the opportunity.

Compelling Attributes

The Scottie project boasts several compelling attributes which position it strongly among exploration opportunities in the region and in the sector more broadly.

The identification of exceptionally high-grade gold mineralized zones across multiple target areas points to a promising district-scale opportunity centred around an underexplored high-grade past-producing mine. Management estimates the cost per drill meter of just $315 all-in when factoring all field costs, underscoring the efficiency inherent in testing such a compact area of interest.

Metallurgical test work has demonstrated excellent recoveries averaging 98% via conventional processing methods used at nearby permitted milling facilities like Ascot's Premier project. The project enjoys supportive infrastructure within a 20 km distance.

Importantly, Scottie Resources maintains 100% ownership of the asset without any royalties, streams or encumbrances. The company raised capital through modest private placements from a supportive retail investor base. Institutional investment has started taking interest recently.

While valuations for gold equities have lagged rising prices for the yellow metal itself, Scottie Resources' current $50 million market capitalization positions it attractively relative to recent acquisition valuations if execution continues.

"If Numont paid $400 million for GT gold and Scottie has a $50 million market cap, just sit and think about that for 15 minutes as an investor. Those rocks at Blueberry can turn into dollar bills in the near future," stated CEO Rourke.

The Scottie Gold Project in Focus for 2024

As Scottie Resources weighs its options in the year ahead, targeted exploration around current high-grade zones remains the top priority according to management. However, delineation of an initial resource appears within closer reach than ever before thanks to the identification of exceptional widths and grades.

While Rourke declined to commit firmly before reviewing forthcoming guidance from consultants, he conveyed that they will likely do 20,000 meters of drilling in 2024 but he is targeting 50,000 meters, depending on budget availability. The company hopes rising sentiment towards gold will improve access to risk capital after a muted 2023.

Regardless of whether the company ultimately prioritizes accelerating maiden resource estimation or continuing aggressive step-out drilling in search of further high-grade mineralization, Scottie Resources looks poised to progress either or both initiatives over the course of 2024. Considering both the early-stage nature of the opportunity and the effectiveness demonstrated by the exploration team in deploying limited drilling meters to successfully expand the project's potential, the road ahead for investors promises to remain exciting.

The Investment Thesis for Scottie Resources

• Scottie Resources presents a unique investment exposure to delineating potentially the first modern multi-million ounce high-grade gold deposit centred around an underexplored past-producing mine in the heart of British Columbia's prolific Golden Triangle district.
• Systematic exploration efforts have outlined exceptional grade distribution across multiple zones that remain open for resource growth with additional drilling. Recent world-class intercepts bode well for further high-grade results driving resource upside.
• While early stage and not without risk, Scottie offers investors leverage to potentially fast-tracking a compelling maiden resource anchored by zones of exceptional gold grades (over 36 g/t intercepted in early 2024) that underline the significant economic potential inherent in the asset.
• With progress de-risking the project, opportunistic investors can position early to capitalize on valuation expansion towards peer levels as resource delineation efforts unfold in 2024 and beyond. Recent deals highlight the potential for exponential returns.
• Maintaining 100% control without encumberances provides flexibility to evaluate strategic options if favorable market conditions persist, including potential joint ventures, acquisitions or development partnerships to propel the Scottie project through its next phases.

With systematic exploration efforts yielding significant high grade intercepts that showcase world-class grade potential across its district-scale Scottie Gold Project, Scottie Resources appears positioned to make meaningful advances towards delineating an initial gold resource estimate underpinning a compelling economic project in British Columbia's prolific Golden Triangle. While requiring additional drilling, recent results underscore strong resource growth prospects. If market conditions improve to enable execution in 2024, Scottie may accelerate maiden resource delineation efforts anchored by exceptionally high-grade mineralized zones. Supported by rising M&A interest across the region, the road ahead promises exciting catalysts for opportunistic investors at a pivotal moment in this emerging company's lifecycle.