Idaho Champion Completes Fall Exploration Program on Its Twin Peaks Cobalt Project

Discovery of a prospecting vein of copper and cobalt

Toronto, Ontario–(Newsfile Corp. – November 22, 2022) – Idaho Champion (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) (“Idaho Champion“or the”Company“) is pleased to announce that it has completed a fall exploration program on the Company’s Twin Peaks cobalt project located in the heart of Idaho’s cobalt belt.

The Idaho Champion technical team mobilized on October 20, 2022 in Salmon, Idaho to undertake site reconnaissance, geological mapping and initial soil sampling on the ridge and spur of the Twin Peaks and Victory Projects (the “Projects”) (see Figure 1) .

During the program, the technical team undertook field days at Twin Peaks where site reconnaissance and rock sampling were carried out. The team collected a total of 19 samples and have since submitted these samples to the lab for analysis. Images 1 and 2 show some of the existing infrastructure from historic mining at Twin Peaks. The Idaho Champion technical team has also identified a prospective copper-cobalt vein in a new priority target area near the southwest end of the property (see image 3). Due to weather-related complications, Idaho Champion was unable to access Project Victory and will launch the Phase 1 program there in the spring of 2023.

Jonathan Buick, CEO of Idaho Champion, commented: “Our engineering team has been working quickly to complete a fall program that will lay the groundwork for Phase 2 work at Twin Peaks in the first quarter of 2023. The newly discovered copper-cobalt vein is within siltstones, and the team was able to follow it through a ravine with some fault offset. The structure appears to continue northwest based on the float discovered along the strike. While we await sample results, our team will digest the information collected and will develop a plan to verify the extent of the copper-cobalt system.

The Twin Peaks Project comprises 2,761 hectares (6,820 acres) and includes the historic Twin Peaks copper mine. It is located approximately 3 kilometers from Electra Battery Metals’ advanced Iron Creek exploration project, which has an indicated resource of 2.2 Mt* grading 0.26% cobalt (Co) and 0 .65% copper (Cu) and 2.7 Mt* grading 0.22% Co and 0.68% Cu in the inferred category.

The Victory Project is comprised of 1,627.5 hectares (4,020 acres) and is 6 kilometers south of the historic Blackbird Mine and Jervois Mining’s Idaho Cobalt Operations*, which was officially commissioned on October 7 2022 as the only primary cobalt mine in North America.

* The projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and approved this press release have not verified the scientific or technical information produced by third parties.

Further, proximity to projects containing cobalt-copper resources provides no guarantee that the rock types or resources reported by Electra, Jervois and others will extend to the projects; nor should such proximity be assumed to imply similarity to mineralization and results reported by other companies in the district.

Figure 1: Location Map of the Idaho Cobalt Belt

Junior mining networkImage 1: Historic Twin Peaks Mine Building
Junior mining networkImage 2: Twin Peaks Ore Wagon Tramway

Junior mining networkImage 3: Prospective Cu/Co vein at the Victory project

Qualified person

Patrick Highsmith, Certified Professional Geologist (AIPG CPG #11702) and Company Director, is a Qualified Person as defined by National Instrument 43-101. Mr. Highsmith assisted in preparing, reviewing and approving the technical information contained in this press release.

About Idaho Champion Gold Mines Inc.

Idaho Champion is a discovery-driven exploration company committed to advancing its highly prospective mineral properties located in Idaho, USA and soon in Quebec, Canada. The Company’s shares trade on the CSE under the symbol “ITKO”, on the OTCQB under the symbol “GLDRF” and on the Frankfurt Stock Exchange under the symbol “1QB1”. Idaho Champion is invested in Idaho with four cobalt properties in Lemhi County in the Idaho cobalt belt. In addition, the Company advanced the Baner gold project in Idaho County and the Champagne polymetallic project located in Butte County near Arco.

Idaho Champion strives to be a responsible environmental steward, stakeholder, and contributing citizen of the local communities where it operates. Idaho Champion takes its social license seriously, employing local community members and service providers in its operations whenever possible.

ON BEHALF OF COUNCIL,

“Jonathan Buick”
Jonathan Buick, President and CEO

For more information, please see the Company’s SEDAR profile at www.sedar.com or the Company’s corporate website at www.idahochamp.com.

For more information, please contact:
Nicholas Konkin, Marketing and Communications
Telephone: (416) 567-9087
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, AND THERE WILL BE NO OFFER, SALE OR SOLICITATION OF SECURITIES IN ANY STATE OF THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE ILLEGAL.

Warnings

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of this press release. This press release may contain forward-looking information within the meaning of Canadian securities laws, concerning the activities of the Company. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including the suggested strike extension. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on forward-looking information as the Company cannot guarantee that it will prove to be accurate. The forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Ryan H. Bowman