GSKKF - Goldseek Continues to Hit at Beschefer with 2.17 g/t Gold Over 13.2 Metres

(TheNewswire)

Highlights:

• 2.17 g/t gold over 13.2metres, including 3.9 g/t gold over 5.6 metres , in the Central Shallow Zone

• 2.01 g/t gold over 13.0 metres in an up-dip East Zone Extension hole

• Rushed intervals from 7 of 17 holes completed duringGoldseek’s maiden 5,000-metre program

• 6 of 7 holes returned gold values supporting thecontinuity of the B14 gold-bearing structure

• Base metal potential on intercepts is still to bedetermined based on alteration indicators and copper sulfideoccurrences.

November 23, 2021 - TheNewswire - London, Ontario - Goldseek Resources Inc. ( C NSX :G SK.CN ) (FSE:4KG) (OTC:GSKKF) (“Goldseek” or the “ Company ”) is pleased to announce resultsfrom seven drill holes at the Beschefer Project, located approximately30 kilometers southwest of Wallbridge Mining Company Limited’s(“Wallbridge”) Fenelon Gold Project on the Detour Gold Trend. BE-21-06 intersected 2.17 g/t Au over13.2 metres, including 3.9 g/t Au over 5.6 metres , encountered in the Central Shallow Zone. In addition, goldwas intercepted in 6 of 7 holes, including 2.01 g/t gold over 13 metres in BE-21-11 , supporting the extension of the EastZone to the northeast.

BESCHEFER LONG SECTION

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The drill grid was designed to cut the modelled CentralShallow Zone and East Zone, covering approximately 700 metres ofstrike length following a general northeast trend. The mineralizationextends from the bedrock interface down to a vertical depth of about200 metres. The target structure dips at 40° to the southeast. Holesreported aimed at defining the gold grade envelope using 25 to50-metre spacing.

Goldseek's President & CEO Jon Deluce states, “Weare very excited to announce continued strong intercepts from ourmaiden 5,000-metre program at Beschefer. The results support thecontinuity of the northeast mineralized trend for over a kilometeronce combined with all historical drilling. Our best results from thisbatch support identifying at least two gold shoots that presentpossibilities of down-dip extensions.

We look forward to the remainder of the results, withour three 100–175-metre extension/step-out holes on the East Zonestill outstanding, which hit the mineralized zone with favourableindicators observed over intervals similar to previous holes. As wecontinue to process and report results, we are starting to plan ourfollow-up winter drill program with a targeted start in January2022.”

Central Shallow Zone Highlights

Holes BE-21-05, BE-21-6 and BE-21-07 were drilled atresource spacing inside the core of the Central Shallow Zonehistorically drilled at wide spacing. The area covered represents astrike length of 100 metres for the same dip extension. The mainhighlight is the intersection of 2.17 g/t over 13.2 metres, including 3.9 g/t over 5.6 metres from210.5 to 216.1m. The highest interval reached 12.4 g/t over 1.2meters in this hole. Hole BE-21-05 returned 1.4 g/t over 1 metre, whereas BE-21-07 had low goldanomalies.

The gold-bearing structure encountered by these threeholes all corresponds to strong carbonatization and feldspathisationalteration hosted in a ductile deformation zone. Variable pyriteconcentrations observed are linked to gold concentrations. Localmicro-structures such as joints and breccia strongly influence goldgrades, explaining result variations inside the structure thickness,which varies overall between 5 and 20 metres.

East Zone Highlights

Four holes were drilled to confirm the geometry andextension of the East Zone using a 25-metre-wide section with a dip ofapproximately 100 metres. In this area, historical holes returnedhigh-grade intervals such as 55.63 g/t over 5.57 metres from BE13-038 . East Zonedrilling was targeted approximately 100 metres eastward of the CentralShallow Zone.

Holes BE-21-08 and BE-21-09 ended up being similar dueto deviation in the drilling dip and azimuth due to harsh overburdenconditions. Mineralized intervals from BE-21-10 and BE-21-11 wereoffset respectively 60 metres down-dip and 25 metres along strike fromthe first two holes.

The best intercept from the East Zone was BE-21-11 with 2.01 g/t over 13.0metres , including 3.9 g/t over 2.3 metres . BE-21-08 encountered 4.6 g/t over 0.85 metres, whereas holeBE-21-09 intercepted 1.1 g/tover 10.75 metres . Peripheric hole BE-21-10returned 0.81 g/t over 10 metres.

East Zone geological environment is distinct with thepredominance of felsic rocks at the hanging wall of the gold-bearingstructure, collared and crosscut over 150 to 200-metre lengths. Inthis context, partial quartz-sericite alteration affects aninterlayered sequence of porphyric felsic flows and volcanic breccialayers. Pyritization is widespread with common disseminatedchalcopyrite.

RESULTS FROM 7 DRILL HOLES (RUSHEDSECTIONS ONLY)

* Stated lengths are core lengths as drilled. Truewidths are estimated to be between 85% and100% of reported core length intervals.

The program was carried out under the supervision of Martin Demers,P.Geo and a consultant for Goldseek Resources, the qualified personresponsible for this news release. The field program was run by SLExploration. The drill core was split at the Technominex facility inRouyn-Noranda with half sent to AGAT Labs in Val D’Or, QC, and fireassayed with an AA and gravimetric finish. Assays on metallic sievingare performed on whole samples greater than 10 g/t gold and samplescontaining visible gold. Duplicates, standards and blanks wereinserted into the sample stream.

About the Beschefer Project:

• Advanced gold exploration project with significantnear-term resource potential

• Located in a favourable orogenic gold setting 45 kmnortheast of the Casa Berardi Mine and 30 km southwest ofWallbridge’s Fenelon Gold Project.

• Highlights of the best intersections include 55.63 g/tgold over 5.57 m in hole BE13-038 ( including 224 g/t over 1.23m ; 13.95 g/t over 0.68m and 13.70 g/tover 0.73m ), 13.07 g/t gold over 8.75m in hole B12-014 ( including 58.5 g/t over 1.5m ), 3.56 g/t gold over 28.4m in hole B14-006 ( including 7.42 g/t over 5.5m ), 10.28 g/t gold over 8.00m in hole B14-35 ( including 86.74 g/t over 0.60m ), and 12.40 g/t gold over3.78m in hole B11-003. True width in thesesections vary between 89% and 99% of the intercepted width.

• The mineralization shows high-grade gold-bearingstructures hosted in a lower grade envelope, which highlights theregional potential along the already defined shear zones located onthe Property.

• Continuous large-scale gold-bearing structure (B-14Zone) with known continuity and additional known parallel mineralizedshear zones.

Qualified Person

This press release was reviewed and approved by Martin Demers,P.Geo,ogq No 770, who is a qualified person as defined under NationalInstrument 43-101, and responsible for the technical informationprovided in this news release.

ON BEHALF OF THE BOARD

Jonathon Deluce

Chief Executive Officer

Telephone: 226-271-5170

For more information, pleasecontact:

Goldseek Resources Inc.

E-mail: goldseekresources@gmail.com

The reader is invited to visit Goldseek's web site https://www.goldseekresources.com/

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.

This news release contains certainstatements that may be deemed “forward-looking statements” withrespect to the Company within the meaning of applicable securitieslaws, including statements with respect to the Company’s futureplans of Beschefer. Forward-looking statements are statements that arenot historical facts and are generally, but not always, identified bythe words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur.Although the Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance, are subject torisks and uncertainties, and actual results or realities may differmaterially from those in the forward-looking statements. Such materialrisks and uncertainties include, but are not limited to, theCompany’s ability to obtain all requisite approvals, includingapproval of the Canadian Securities Exchange and securities regulatoryauthorities, if required for a transaction or financing, theCompany’s ability to raise sufficient capital to fund itsobligations under its property agreements going forward, to maintainits mineral tenures and concessions in good standing, to explore anddevelop Beschefer or its other projects and for general workingcapital purposes, changes in economic conditions or financial markets,the inherent hazards associates with mineral exploration, changes ingeneral economic conditions, the ability of the Company to obtain thenecessary permits and consents required to explore, drill and developits projects and if obtained, to obtain such permits and consents in atimely fashion relative to the Company’s plans and businessobjectives for the projects, changes in environmental and other lawsor regulations that could have an impact on the Company’soperations, compliance with environmental laws and regulations,aboriginal title claims and rights to consultation and accommodation,dependence on key management personnel and general competition in themining industry. Forward-looking statements are based on thereasonable beliefs, estimates and opinions of the Company’smanagement on the date the statements are made. Except as required bylaw, the Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs,estimates or opinions, or other factors, should change.

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