New Target Mining Corp. — Capital/Financing Update 2022

Mar 8, 2022

New Target Mining Corp. files for Diamond Drill and IP Geophysics permit for the Companyʼs Flagship Scarlett Gold Property

News Release - VANCOUVER, BC / March 08th, 2022 / New Target Mining Corp. (TSXV: NEW ) (the “Company”), is pleased to announce that it has now filed a multi-year permit application to conduct its next phases of exploration on the Companyʼs Scarlett Gold Property located in British Columbia, Canada. Mr. Kristian Whitehead, B.Sc., P.Geo. will continue to manage and oversee the exploration activities for the Scarlett Gold Property. The permit is subject to approval by the Ministry of Energy, Mines and Low Carbon Innovation.

Mr. Whitehead is a graduate of the University of Victoria (B.Sc., 2004) and has over 18 yearsʼ experience in the mineral exploration industry in Canada, US, Guyana, and Mexico. He has extensive experience in the supervision of mineral exploration programs in western North America and internationally that have successfully developed mineral resources from grassroot to advanced level prospects.

ON BEHALF OF THE BOARD OF DIRECTORS

Todd Hanas

Chief Executive Officer and Director

About New Target Mining Corp. : New Target Mining Corp. is a new mineral exploration company, focused on the acquisition, exploration, and development of mineral resource properties. The Company has an option to acquire a 100% interest and title to the Scarlett Property located in the New Westminster Mining Division, Mission, British Columbia.

Contact Information - For more information, please contact:

Todd Hanas, Chief Executive Officer

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains “forward ‐ looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the receipt of permits, the potential future work on the Scarlett Property including drilling, other statements relating to the technical, financial, and business prospects of the Company and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-

looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forwardlooking information reflects the Companyʼs views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Companyʼs profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, decrease in the price of gold, copper, and other metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Companyʼs ability to operate, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward ‐ looking statements or forward ‐ looking information, except as required by law.