Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the appointment of Fraser MacCorquodale as President and Chief Operating Officer, effective March 1, 2024.

Mr. MacCorquodale served as the General Manager for Exploration at Newcrest Mining Limited ("Newcrest") from 2008 to 2023. During his tenure, he played a pivotal role in formulating and executing Newcrest's growth strategy, overseeing the development of a world-class exploration team and establishing a robust growth portfolio. His extensive experience spans 35 years in global gold and copper exploration, encompassing expertise in near-mine, brownfield and greenfield exploration across diverse cultural and geographical landscapes including Australia, Indonesia, Papua New Guinea, Western Canada, the United States of America, Ecuador and Chile.

Fraser MacCorquodale, renowned for his track record of major global discoveries at Newcrest, has joined Japan Gold's Executive Leadership Team. In response to the appointment, John Proust, Chairman and CEO of Japan Gold, expressed, "I am delighted to welcome Fraser to our Executive Leadership Team. We are pleased to have attracted such a strong and accomplished technical leader to drive value in our projects during an exciting growth phase for Japan Gold. Fraser's strong targeting skills, based on a deep technical knowledge of epithermal gold and porphyry copper-gold deposits and his team development and leadership skills, will be instrumental as we continue to explore Japan Gold's 35 projects spread over 3,000 square kilometres."

"I am very excited to join Japan Gold," said Fraser MacCorquodale. "The Company has done great work to build a high-quality exploration portfolio within a re-emerging country with demonstrated gold prospectivity. I look forward to leading the Japan Gold operational team to advance these opportunities."

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration across Japan. The Company holds a portfolio of over 3,000 square kilometres of prospecting applications and prospecting rights which cover areas with known gold occurrences, a history of mining and is prospective for high-grade epithermal gold mineralization. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan.

Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop, and mine certain gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies.

On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO

For further information, please contact:
Brenda Dayton
Vice President, Corporate Communications
Phone: 604.417.7952
Email: bdayton@japangold.com

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2024 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the Company's ability to execute and implement future plans, arrange or conclude a joint venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.