GSKKF - Goldseek Provides Beschefer Drill Program Details: Central Shallow and Deep Targets

(TheNewswire)

Highlights:

• Approximately 4,000 metres ofdrilling is currently underway at Beschefer, with 1,590 metres plannedfor the Central Shallow and Deep Zones

• The second-best result to date interms of metal factor was encountered in the Central Shallow Zoneduring the 2021 drill program with 4.92 g/t gold over 28.65 metres,including 11.39 g/t gold over 9.1 metres

March 9, 2022 – TheNewswire - London, Ontario – Goldseek Resources Inc. ( CSE:GSK) (FSE:4KG) (“Goldseek” or the“ Company ”) is pleased to provide further details on its’ 4,000-metre drill program currently underway at the Beschefer Project. The Beschefer Project islocated approximately 30 kilometres southwest of Wallbridge MiningCompany Limited’s (“Wallbridge”) Fenelon Gold Project. On March3 rd, 2021, the Company entered into an option agreement on theBeschefer Project to earn 100% over 4 years from Wallbridge ( see news release datedMarch 3, 2021 ).

The Company has started the program with 5 holes in theCentral Shallow and Deep Zones with the objective of developingfurther continuity in the geometry and grade of the modelled lens.Drilling has targeted areas where high metal factors were historicallyintercepted associated with strong feldspathic alteration hostingdifferent forms of disseminated pyrite.

An overview of each hole’s objective is summarizedbelow:

1. BE-22-15: Planned to a depth of 320 metres on theCentral Deep Zone to attempt extending two mineralized stacked trends,respectively at 40 metres from hole B14-1 at 150 metres depth and 50metres up-dip from hole BE13-035, which encountered 1.95 g/t gold over 17.85 metres

2. BE-22-18: Planned to reach a vertical depth of 260metres to attempt the down-dip extension of the Central Shallow Zone(“CSZ”) 40 metres down-dip from BE 18-048, which encountered 2.55 g/t gold over 20.01metres

3. BE-22-19: Planned to reach a vertical depth of 225metres to attempt the lateral eastward extension of the CSZimmediately following the mineralized interval of BE-11-01, whichencountered 2.9 g/t gold over9.84 metres .

4. BE-22-20: Planned to a depth of 225 metres on theeastern side of the CSZ to attempt extending the zone down-dip 50meters from B14-4, which encountered 16.94 g/t gold over 0.79 metres

5. BE-22-28: Planned to a depth of 280 metres on theeastern side of the CSZ to attempt extending the zone down-dip 50meters from BE13-035, which encountered 10.28 g/t gold over 8.0 metres

Goldseek's President & CEO Jon Deluce states, “Weare excited to finish drilling our 5 planned holes in the CentralShallow and Deep Zones. These Zones have the potential to deliverstrong metal factor intercepts, so we are optimistic about theprospects of our infill and expansion holes planned. We look forwardto providing a visual observation update once the logging iscomplete.”

As shown in Figure 1, the Central Shallow Zone has beenmodelled over 200 to 250 metres of strike length and extends over 300metres of vertical depth. Intercepts with metal factors (g/t X metres)between 30 and 140 form shoots inside the lens whose geometry remainsto be tested and expanded.

FIGURE 1 – BESCHEFER LONG SECTION

Click Image To View Full Size

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 4.92 g/t gold over 28.65metres in hole BE-21-02 (including 11.39 g/t over 9.1m ), 55.63 g/t gold over 5.57 metres 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 8.75 metres in hole B12-014 ( including 58.5 g/t over 1.5m ), 3.56 g/t gold over 28.4 metres in hole B14-006 ( including 7.42 g/t over 5.5m ), and 10.28 g/t gold over 8.00metres in hole B14-35 ( including 86.74 g/t over 0.60m ). True width in these sections vary between 89% and 99% ofthe intercepted width.

• The mineralization shows high-grade gold-bearingstructures hosted in a lower grade envelope, highlighting the regionalpotential along the already defined shear zones on theProperty.

Qualified Person

This press release was prepared by Martin Demers P.Geo,OGQ (#770), whois a qualified person as defined under National Instrument 43-101, andwho has reviewed and approved the geological information provided inthis news release.

About Goldseek Resources Inc.

Goldseek Resources Inc. is a Canadian exploration company with aportfolio of assets in Ontario and Quebec, Canada. By identifying sixprojects in world-class mining locations, Goldseek is poised todeliver shareholder value through rigorous exploration and developmenton these properties. Our mission is to find the next major discoveryin the mining camps of Urban Barry, Quevillon, Val D’Or, and DetourGold Trend in Quebec and Hemlo in Ontario.

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 “targets”, “expects”, “plans”,“anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”, “may”, “could”or “should” occur. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performance,are subject to risks and uncertainties, and actual results orrealities may differ materially from those in the forward-lookingstatements. Such material risks and uncertainties include, but are notlimited to, the Company’s ability to obtain all requisite approvals,including approval of the Canadian Securities Exchange and securitiesregulatory authorities, if required for a transaction or financing,the Company’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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