Juggernaut Intersects Two Mineralized Zones in First 2022 Step-Out Drill Hole 120 Meters Along Strike and 90 Meters Down-Dip On Goldilocks Discovery

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTC-BB:JUGRF) (FSE:4JE) (the “Company” or “Juggernaut”) is pleased to announce the company has intersected two mineralized zones in the first Step-Out 2022 drill hole 120 m along strike and 90 m down dip on the Goldilocks Discovery that remains open along strike and to depth. The 2022 inaugural discovery hole expands upon the 5 discovery holes drilled in 2021, all of which intersected significant widths of high-grade gold / polymetallic mineralization in quartz-chlorite-sulphide veins on the newly discovered Goldilocks Zone. Drill hole GS-21-05 intersected 10.795 gpt Au (14.31 AuEq) over 5.5 m including 29.2 gpt Au (38.37 AuEq) over 2.0 m. The Goldilocks Zone has been traced on surface for 290 meters with 160 meters vertical relief before being covered by overburden and remains open both along strike and to depth. The 2022 drilling will focus on testing the Goldilocks Zone on strike for up to ~300 meters and down dip up to 400 m. The Gold Star Property is an original discovery with no previous recorded work in the area and is situated 4.5 km east of tidewater along the Central Coast of British Columbia approximately 5.5 km from logging access roads, which provides for good access to infrastructure.