NewOrigin Gold Reports Significant Geochemical Results Refining Drill Targets at its Sky Lake Gold Property

Geochemical samples were collected over an area of approximately 2.5 square kilometres east of the recently acquired internal "Koval" patent claims (Figure 1). The Koval claims, located at the center of the Sky Lake property, host a small historic gold deposit along a northeast trending sequence of altered volcanic and sedimentary rocks.

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"NewOrigin's first geological field program since acquiring 100% of the Koval claims from Barrick Gold has identified coincident soil and humus anomalies within the sampling area along the eastern margin of the newly acquired claims. NewOrigin believes the most prospective areas to host a Tier 1 gold deposit lie within the volcanic and sedimentary rock sequence between the iron formation trend and the south break trend. Possible extensions and repetitions of the gold mineralization found at the historic Koval gold deposit have also been further refined by this program. A summer 2023 drill program is planned to test within the Koval gold deposit area at surface and at depth, its easterly extension and possible series of en echelon structures to the north and south." commented Andrew Thomson C.E.O. of NewOrigin Gold.

Figure 1: Surface projection of soil and humus geochemical anomalies.

A total of 574 humus and 450 soil samples were taken at surface and 20 centimetres below surface, respectively. Lower analytical detection limits were 1 part per billion gold ("ppb Au") for humus and 5 ppb Au for soils. A threshold for anomalous gold in humus was set at 4 ppb Au with 17 samples (3.0% of total humus samples) returning values of 4 ppb Au to a maximum value of 244 ppb Au. A threshold for anomalous gold in soils was set at 20 ppb Au with 20 samples (4.4% of total soil samples) returning values between 20 ppb Au and a maximum value of 931 ppb Au. Humus and soil samples containing anomalous gold complement each other well, delineating five new prospective target areas of interest. These results, when combined with results of earlier work, outline distinct clusters of anomalous gold in overburden across a 2 kilometre area east of the Koval deposit (Figure 1). Two grab samples of rock taken from outcrop nearby the surface expression of the Koval gold deposit returned 0.7 and 3.4 g/t Au, confirming the presence of significant gold grades occurring in localized bedrock exposures.

Gold-bearing altered volcanic and sedimentary rock and iron formation have been identified in multiple locations at Sky Lake. A summer 2023 drill program is planned to test the historic Koval gold deposit and new prospective targets identified by the Company's 2022 work program along extensions to the Koval deposit as well as at the iron-formation trend. Historical drill results from the Koval Zone include 8.78 g/t Au over 16.0 metres within 100 metres of surface. The drill permit is in place and NewOrigin remains actively engaged with local First Nation communities in order to responsibly move forward with its drill program.

Technical Information

Geochemical analyses were conducted by Activation Laboratories Ltd (Actlabs) located in Thunder Bay, Ontario. Gold in soils was analyzed by fire assay with atomic absorption finish on a 15 gram sample. The detection limit for gold is 5 ppb. Trace elements were analysed using an Aqua Regia ICP-MS technique with various detection limits dependent on element. Gold in humus was analyzed by Instrumental Neutron Activation ("INAA") using a 15 gram sample. The detection limit for gold is 1 ppb. Trace elements were analyzed by INAA with various detection limits dependent on element. The base metals copper, lead and zinc were also analyzed using an Ash Aqua Regia ICP technique.

Results obtained from grab samples of rock are not indicative of the overall metal content of the rock unit sampled. Accuracy of gold content in historic drill intersections cannot be independently verified by the Company. Values quoted in this news release were obtained from published records stored by the Ontario government in mineral assessment files.

This press release and technical data referred to in the release was reviewed by Mr. Mark Petersen, P. Geo., an advisor to NewOrigin. He is a Qualified Person as defined by National Instrument 43-101.

About NewOrigin Gold Corp.

NewOrigin Gold Corp. is a Canadian gold exploration company focused on drill discovery at its Sky Lake gold project in the Canadian Shield. NewOrigin's management and Board have extensive experience in the delineation and development of gold deposits. NewOrigin trades on the TSX Venture Exchange under the ticker "NEWO".

For Further Information Contact:

Andrew Thomson, CEO
Ph: 905 727-1779 or visit www.neworigingold.com

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