Harfang Exploration Inc. (HAR-V) Harfang reports results of its winter 2023 drill program at the Lake Menarik Project in Eeyou Istchee James Bay, Qué

Harfang announced on May 11, 2023 analytical drill results from the recently completed drill program on its Lake Menarik Gold Property in Eeyou Istchee James Bay, Québec. The Menarik Property, located ~45 km south of Radisson consists of 304 claims (15,627 ha) and is 100% owned by Harfang. The drill results indicate broad gold intervals in a highly altered and brecciated monzonite that are open at depth in the Pierre and Pierre Ouest areas. Gold mineralization is also open at depth and along strike of the David surface occurrence. The winter exploration program also included an IP (“Induced Polarization”) geophysical survey that highlighted several chargeability targets in other areas of the Menarik Property that shall be followed up during the upcoming field program to begin in June.

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The Menarik Property, characterized by multiple gold occurrences in a variety of rock types, saw a 2023 winter program that totalled 17 holes. Menarik is characterized by multiple high-grade gold occurrences hosted in a polyphase intermediate intrusion (syenite, monzonite and monzodiorite) and adjacent volcano-sedimentary rocks. The geological setting of the land package is reminiscent of that of the Timmins Camp based on the occurrence of gold-bearing monzonite/syenite intrusions, volcanic and sedimentary rocks including a Timiskaming-type conglomerate, and lamprophyres. This maiden drilling by Harfang totalled 3,416m and was primarily designed at investigating the gold-enriched intrusive monzonitic suite (the “Pierre monzonite”) for lateral and vertical extensions of gold intervals obtained in very limited historic shallow drilling completed in 2000 by Virginia Mines. Other holes tested different areas within the Pierre monzonite as well as its volcanic and sedimentary host rocks and associated with chargeability targets delineated by a previous IP survey, coincident with magnetic variations and structural features. We estimate a grade x thickness metric of between 11.75 g/t x m and 15.67 g/t x m.?????????

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Specifically, all holes under Pierre and Pierre Ouest are characterized by brecciated and highly altered monzonite with zones of silicification, hematization, sericitization and albitization with chlorite and quartz-carbonate veining. Pyrite, the most common sulphide, occurs disseminated in the altered matrix of the monzonite, in chlorite veinlets and in quartz-carbonate veins and stockworks. The best gold intervals are associated with sericitization, silicification (veins and silica flooding) and pyrite. 5 holes (LMN-23-001 to 004 and LMN-23-017) targeted the Pierre and Pierre Ouest showings located within a 270-m long by 90-m wide monzonite outlier south of the main Pierre monzonite (2,200 m x 300 m). These holes confirm that gold intervals extend laterally and at depth within the monzonite outlier. LMN-23-017 intersected two significant gold intervals in highly sericitized and silicified monzonite that graded 1.15 g/t Au over 47m (95.0-142 m), including 3.75 g/t Au over 7m and 1.05 g/t Au over 12m. LMN-23-017, the deepest hole drilled to date in this area, extends previously drilled gold zones to a vertical depth of 140 m. LMN-23-001 tested the lateral continuity of the mineralization on the northern edge of the intrusion outlier and returned 1.75 g/t Au over 21m (62.0-83 m), including 2.49 g/t Au over 14.1m. Drill intercepts dominated by chlorite-quartz-pyrite veining injected into the monzonite returned anomalous gold zones assaying 0.54 g/t Au over 75m (6-81m), including up to 6.75 g/t Au over 3.m (54-57m) [LMN-23-004], 0.50 g/t Au over 17m ?(104-121m) [LMN-23-002] and 0.30 g/t Au over 27m ?(90-117m) [LMN-23-003]. Drilling has demonstrated that the sericite-rich gold zones are more common at depth and along the northern and southern flanks of the monzonite outlier. These zones extend in a westerly direction and plunge steeply to the west.

Holes LMN-23-006 to 014 tested a variety of gold showings coincident with mapped and/or interpreted structural lineaments, and IP chargeability targets in the main Pierre monzonite. LMN-23-006 to 008 targeted the contact of the intrusion with the volcano-sedimentary host rocks underneath Benoit (2.53 g/t Au over 4.72m [1404-05]) and Giaro (up to 2.37 g/t Au over 2.36m [1404-14]). Visible gold was observed in a monzonite-hosted quartz vein in LMN-23-008 which returned 6.2 g/t Au over 0.3m within an anomalous interval of 0.57 g/t Au over 13.2 m (219,3-232,5 m).

3 holes (LMN-23-009 to 011) tested structural lineaments and IP targets in the vicinity of the David showing. Significant gold intervals dominated by monzonite-hosted quartz veins, locally associated with shear zones, were intersected: 0.88 g/t Au over 9.45m (207.05-216.50 m) including 5.19 g/t Au over 1.15m and 5.04 g/t Au over 1m (223,1-224,1 m) in LMN-23-009, 1.16 g/t Au over 4.7 metres (6.0-17.0 m) in LMN-23-010, and 1.64 g/t Au over 5.3 metres (99.1-104.4 m) including 6.68 g/t Au over 1.2 metres in LMN-23-011.

6 holes (LMN-23-005, LMN-23-007, LMN-23-013 to 016) tested the northern contact of the Pierre monzonite and/or prominent ENE-WSW sedimentary-hosted structural lineaments to the north and east of the Pierre monzonite coincident with IP chargeability targets. Drilled lithologies include wacke, siltstone, conglomerate and mafic volcanics containing wide pyrite-bearing shear zones with boudinaged, folded and irregular quartz veins. No significant gold intervals were intersected.

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Set for more work: Harfang is in the final preparation stage for the summer field campaign set to begin in early June and designed to advance several additional targets to the drilling stage. The program shall ocus on advancing the overall understanding of the geological model east of the Pierre monzonite and several attractive target areas. These include the Timiskaming-type conglomerate and its associated IP anomalies, the Greco gold showing adjacent to mining claims acquired last fall (1.04 g/t Au over 24.9 m in channel), and building on discoveries from the 2022 program such as the Oswald showing (17.30 g/t Au, 217 g/t Ag and 0.61% Pb [grab] and up to 6.34 g/t Au, 60 g/t Ag and 0.09% Pb over 0.40 m [channel]) and the ankerite zones (up to 2.87 g/t Au in grab samples). This program has been enhanced by recent geophysical data from the IP survey and the detailed heliborne magnetic survey. Harfang is also preparing its summer program on its new lithium properties, whose exploration targets have been diligently developed based on the combination of geological criteria and the presence of lithium anomalies in lake bottom sediments.

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Ian Campbell, President and CEO stated: “Our maiden drill program of shallow drilling on the Property has successfully demonstrated that wide zones of gold mineralization associated with increasing intensity of alteration extend to depth in the southeast area of the monzonite. We are excited about the upcoming field campaign set to begin in early June which is designed to generate additional drill targets, building on our field campaign from last year where we made several discoveries to the East of the drilled sector, and in areas which have had no work completed to date”.

https://harfangexploration.com/en/harfang-reports-the-results-of-its-winter-drill-program-at-lake-menarik-gold-property/

Important Disclosures

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Harfang Exploration Inc.???????????????????????????????????

D????????????The Mining Analyst, in his own account or in a family related account, owns securities in excess of 50,000 shares of the issued and outstanding equity securities of this issuer.

V????????????The Mining Analyst has visited material operations of this issuer, namely the Lac Menarik project in August 2018.

P????????????This issuer paid a portion of the travel-related expenses incurred by the Mining Analyst to visit material operations of this issuer.

R????????????This issuer has indirectly paid the Mining Analyst