Vancouver, BC – (Newsfile Corp. – March 6, 2023) – Visionary Gold Corp. (TSXV:VIZ) (“Visionary” or “Company“) is pleased to announce that its 2022 exploration program has resulted in a massive discovery of nickel-cobalt mineralization on King Solomon Avenue in Wyoming.

Diamond Drilling well KS22-003 penetrated 44.5 m (“m”) 0.23% nickel, 0.01% cobalt (from a depth of 87 m), including 17.0 m 0.42% nickel, 0.23 % cobalt and abnormal levels of precious metals. The contents of nickel and cobalt are associated with disseminated sulfides, pyrite, pyrrhotite and, possibly, pentlandite, violarite within the intermediate and main intrusive strata.

“We are very pleased that systematic regional exploration has led us to a significant new discovery of nickel and cobalt in Wyoming,” commented CEO Wes Adams. “These results confirm the effectiveness of the exploration methods used to appraise our large parcel of land within the underexplored Wyoming Craton, which has the potential to contain several types of mineral deposits, including deposits of copper, nickel and platinum group elements. The immediate future will be to develop this new high potential nickel and cobalt deposit at King Solomon with additional drilling. A ramp-up of regional exploration and potential drilling at our Lewiston Meas gold target in 2023 is also being considered.”

Nickel and cobalt play a critical role in new electrification and clean energy technologies, and both are now listed as critical and strategic minerals by the United States government. King Solomon and Black Rock Avenues are located about 15 kilometers (“km”) north of Jeffrey City, Wyoming along a well-traveled mining road. There is a high-voltage power line and a gas pipeline in the immediate vicinity.

Table 1. Mineralized interceptions under the King Solomon and Black Rock Drill Program 2022

Hole

From(m)

TO(m)

Length(m) *

neither%

Co.%

Au+Pt+Pdg/t

KS22-002B

62.1

71.0

8.9

0.075

0.004

no data

KS22-003

107.4

151.9

44.5

0.230

0.013

0.013

Including

108.0

125.0

17.0

0.420

0.023

0.09

KS22-004B

135.7

142.6

6.9

0.129

0.007

0.001

BR22-001

1.5

34.7

33.1

0.158

0.005

0.001

The story goes on

About King Solomon Avenue

The King Solomon drilling target was identified after Visionary discovered surface deposits of copper, nickel, gold and cobalt 3 km east of KS22-003 in Black Rock (see May 5, 2022 press release). Subsequently, an induced polarization (“IP”) geophysical survey revealed a zone of possible sulfide mineralization under the surface anomalies of copper and zinc soils (see press release dated September 7, 2022). The first two wells drilled at Tsar Solomon were KS22-001 and KS22-002. Both boreholes recovered semi-massive sulfide dissemination in iron-rich Archean deposits with anomalous but minor copper and zinc contents. A third hole, KS2-003, was planned 300m south of KS22-001 for another possible sulfide zone under the corresponding nickel-chromium soil anomaly. In this well, dispersed sulfides were observed at a depth of about 100 m in intrusive rocks of intermediate and basic composition under barren deposits. More predominantly, the main intervals correlate with anomalous nickel, chromium, cobalt and gold, platinum and palladium grades over 68 m, with higher values ​​above 17 m in the middle of the mineralized zone. Wells KS22-004B and BR22-001 crossed zones believed to be nickel oxides as no sulfides were observed. It is possible that these intersections are minor, but they were included to emphasize the high mineral content and potential of the mafic rocks at the regional level, as these wells were drilled 300 m north and 3 km east of KS22-003, respectively. Thin section and X-ray diffraction analyzes of selected samples from these holes will be analyzed to better understand the lithology, sulphide chemistry, and geologic order of all mineralized intercepts.

Picture 1. Plan map showing boreholes, soil samples and IP geophysics

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Figure 2. Select main photo from nickel interception

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Summary of the exercise program for 2022

In 2022, Visionary drilled 514.32m of diamond core drilling at Wolf and 1,014.14m at Black Rock and King Solomon. Drilling highlights at Black Rock are shown in Table 1. Drilling at Wolf resulted in low-grade gold mineralization at depth, and surface mineralization is thought to be due to supergene enrichment along the Wolf shear zone, according to Ruby’s patented claims. Visionary has terminated its lease on the patented Ruby, Mill and Helen G properties after drilling completed in 2022. Visionary has retained all of its non-proprietary rights to the Wolf Gold project and has authorized the drilling of an additional 26 wells at the Lewiston-Miz property adjacent to the Wolf claims field. Visionary considers the Lewiston-Miz target to be a viable target for hypogene (deep) gold and copper mineralization.

Drilling Quality Assurance/Quality Control (QA/QC) and Technical Disclosure

The drilling core (HQ ~ 63.5 mm) was geologically studied with sampling based on the observed geological features. Sample intervals were cut in half using a hole saw, with one half placed in the sample bag and the other half left in the core box for comparison. Samples were shipped in batches from Visionary’s secure registration center to ALS Global (ISO/IEC 17025:2017 accredited) using Au-ICP21, PGM-MS23, ME-MS41 and ME-MS-89 analytical processes in Reno, Nevada , or American Analytical. Services Inc. (ISO 17025:2005 accredited) using the FA Au/Ag analytical process, ICP35 in Osburn, Idaho. A QA/QC program was maintained throughout the program using regular introduction of blanks and certified reference materials.

The induced polarization survey was conducted by Visionary using a dipole-dipole setup 50 m apart on lines 100 m apart. The equipment used was leased from Terraplus in Toronto, Canada, including an Elrec Pro receiver and a Tipix transmitter. The resulting data was evaluated by Ken Sweet, the Company’s geophysical consultant, who confirmed that the data could be used; additional processing included data inversion for better drilling targeting.

All scientific and technical information contained in this press release has been prepared under the direction of Darren Lindsay, P.Geo. (EGBC), qualified person as defined by NI 43-101. Mr. Lindsay is a director of the company. It should be noted that the potential quantity and quality of exploration targets disclosed in this press release are conceptual in nature, that insufficient exploration has been undertaken to define the Mineral Resources, and that it is unclear whether further exploration will lead to the delimitation of the property. as minerals in accordance with NI 43-101 reporting standards.

About Visionary Gold Corp.

Visionary Gold Corp is a Vancouver-based mineral exploration company engaged in the discovery of new deposits of precious and base metals in Fremont County, Wyoming. Visionary’s mission is to responsibly research and develop resources in a way that is acceptable to all stakeholders. Although central Wyoming has a rich mining history, it has never been systematically explored using modern methods. The company currently controls over 80 square kilometers of land with numerous drilling-ready properties accessible by road and within an hour’s drive of Visionary’s US headquarters in Lander, Wyoming.

For more information, visit the company’s website at: www.visionarygoldcorp.com.

Contact:

Wes Adams, CEO Visionary Gold Corp. 410-325 Howe Street Vancouver, BC V6C 1Z7 Tel: (303) 809-4668

Forward looking statements

This press release contains “forward-looking statements” within the meaning of Canadian securities laws. These include, but are not limited to, statements regarding core sample analysis and other results of the Visionary exploration program for 2022 and the company’s future drilling and exploration plans. Forward-looking statements are necessarily based on multiple estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those expressed or implied such predictions. looking statements. Such factors include, but are not limited to, general business, economic and regulatory risks; capital and operating costs differ significantly from management’s estimates; the timing of the provision of services by third parties; delays in obtaining or failure to obtain required government, environmental or other project approvals; uncertainty about the availability and cost of funding needed in the future; inflation; fluctuations in commodity prices; delays in project development; and other risks associated with the exploration and development of minerals in general. While the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements, which only apply as of the date of this press release, and there is no guarantee that such events will occur within the timeframe disclosed. or even happen. Except as required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether due to new information, future events or otherwise.

Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in TSX Venture Exchange policy) is responsible for the adequacy or accuracy of this release.

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