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Halifax, Nova Scotia — (Newsfile Corp. – May 31, 2023) – Antler Gold Inc. (TSX-V:ANTL) (“Antler” or “Company”) is pleased to announce that it has been granted three new gold exploration licenses targeting the extension of the highly-fertile Ubendian belt into north-east Zambia. The Eastern Ubendian Corridor is well established as a producing gold terrane which includes 4 significant gold fields (Lupa, Mpanda, Amani and Niassa), with the Lupa Goldfields hosting the >1MOz New Luika Gold Mine (“NLGM”)1. The combined licenses, named the Ufipa Gold Project, cover an extensive 473,627 ha offering a district scale opportunity for establishing a new gold field in the unexplored western extension of the Ubendian Belt. The project forms part of Antlers 87.5% held subsidiary, Antler PG (see news release dated March 24, 2022).

“We are pleased to have been granted these new exploration licenses in Zambia, particularly in an area that is increasingly gaining recognition for hosting large, economically viable gold deposits. This is a highly prospective region for gold exploration, and we are eager to begin our work there,” said Christopher Drysdale, CEO of Antler Gold. “Antler Gold continues to focus on securing technically sound projects, attracting reputable and well-funded industry players, and reinforcing our status as a trusted project generator. The Ufipa Gold Project is a commanding land position in this highly prospective region, which adds to our growing portfolio of projects across southern Africa, and we look forward to unlocking the value of this for the benefit of our shareholders.”