January 2023 – Joshua Gold Resources Inc.

For immediate release – In new lithium-related news, Joshua Gold Resources Inc. (JSHG / OTC Pink Sheets) has acquired full ownership of a series of 30 mining claims south of Timmins, Ontario, Canada, comprising approximately 1200 acres of potential mineral resources. The company has named it Lithium Two, partly for its proximity to its Lithium One property in which the company holds a 50% ownership stake.

The claims, located in Northrup and Robin Townships, sit atop what is known to be a granite-rich area. This is important because lithium minerals (particularly Spodumene) occur in granite pegmatites. According to JSHG’s Chief Geologist Fred Sharpley (QP) the 30 contiguous claims are “underlain by granite, which requires prospecting and sampling for lithium.”

Lithium Two sits in the area of Gogama, Ontario and shares a similar type of terrain where pegmatite outcrops containing spodumene have been identified on other potential lithium properties.

Gogama itself continues to be a hotbed of activity and has experienced a recent staking rush following findings of spodumene, a lithium-bearing mineral derived from pegmatite.

Much of the activity in Gogama is due to the increasing demand for lithium, which is a critical component in electric car batteries. Meeting the world’s lithium requirements means utilizing multiple sourcing methods, like deriving spodumene from pegmatite rock. Like Lithium One, this makes JSHG’s new property potentially very important to the lithium industry.

Joshua Gold Resources CEO Ben Fuschino commented, “Our teams continue to do very important work as the world recognizes the need to shift to more renewable energies. We look forward to conducting sampling on our Lithium One and Lithium Two properties in the near future, in hopes of enabling their development as sources of this valuable mineral.”

About Joshua Gold Resources Inc.

Joshua Gold Resources Inc. (OTC Pink: JSHG) is a publicly traded American gold and mineral exploration company headquartered in Canada, home to the 3 billion-year-old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, lithium, cobalt, niobium, lithium to chromium.

Safe Harbor Statement: This press release contains forward looking statements of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward looking statements are not a guarantee of future performance and results, and will not be accurate indications of the times, or by, which such performance will be achieved.

Investor Relations Contact:

Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com

Additional Resources

In both lithium and gold-related news, Joshua Gold Resources Inc. (JSHG / OTC Pink Sheets) is pleased to announce that results from two of its mining claim properties have each returned encouraging results.

JSHG’s lithium-related results come from a recent ground sampling program at its Seymour Lake Extension property. The property is notable for being adjacent to Green Technology Metals’ (GT1-ASX) lithium deposit, which has published excellent results in recent months.

Lab results of seven ground samples taken from JSHG’s Seymour Lake Extension property show lithium indicators that can be considered elevated. The values from the samples indicate that a more intensive exploration of the property is required, especially considering the vastness of the approximately 1100 acre property.

In addition to that, the lithium activity at the adjacent Green Technology Metals property, combined with the explosive growth of electric vehicles and the need for more lithium production also makes further exploration imperative.

JSHG CEO, Ben Fuschino said about the lithium results, “Combined with the recent lab results and our proximity to the Green Technology Metals active lithium deposit, our team remains highly focused on the continued exploration, and the economic potential of this JSHG property.”

Additionally, an October 2022 ground sampling program at the historic Champion Gold Mine, which JSHG acquired earlier that year, produced a number of lab results recently. These included two high-grade samples taken from within one of the mine’s shafts, which was assayed to contain 33.6 g/t Au and 123 g/t Au respectively.

Joshua Gold Resources’ Chief Geologist Fred Sharpley (QP) confirms, “Two high-grade grab samples 19483 and 19484 were about 3m and 5m down the shaft assayed 33.6 g/t Au and 123 g/t Au respectively in the quartz vein.” and he went on to say, “Additional sampling of the quartz veins on the property is required.”

The Champion Mine, first discovered in the late 1800’s, is located on JSHG’s Jaffrey Property, in Haycock Township which lies east of Kenora, along Highway 17 in northwest Ontario. Although the mine has been long-dormant, the Canadian Mining Journal has been cited as quantifying that the property produced approximately 1521 ounces of gold as of May 1936.

JSHG CEO Ben Fuschino commented, “The results from our current ground sampling program at the Champion Gold Mine are very interesting given the property’s documented history as a former gold producing mine. We’re excited to continue our exploration program based on that as well as the recent sampling results, especially considering the potential for more efficient extraction of gold using modern technologies.”

About Joshua Gold Resources Inc.

Safe Harbor Statement: This press release contains forward looking statements of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward looking statements are not a guarantee of future performance and results, and will not be accurate indications of the times, or by, which such performance will be achieved.

Investor Relations Contact:

Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com