New Target Mining Corp. — Regulatory Filings 2021

Jul 27, 2021

New Target Mining Corp. Announces Results from 2021 Soil and Rock Sampling Program at the Company's Scarlett Gold Property

News Release / VANCOUVER, B.C. / July 27, 2021 / New Target Mining Corp. ( TSX-V:NEW ) (the " Company " or "NEW"), is pleased to announce that it has received the assay results of its 2021 soil and rock sampling survey program on the Company's Scarlett Gold Property.

In May, 2021 Infiniti Drilling Corp.'s geological crew conducted a soil and rock sampling program designed to expand the area sampled during the 2020 field season in order to assist in mapping of the geology and structure of the area and potentially expand the known surface rock mineralization and soil anomalies which will assist in the delineation of potential future diamond drill targets. Samples collected during this program were sent to ALS Laboratories located in North Vancouver, British Columbia, Canada for analysis.

The expanded soil survey was conducted with sample spacings of 50 meters with sampling radiating outwards for up to 250 meters away from the anomalous zone of Cu, Ag, Zn, As and Te soil sample results obtained in the southwestern portion of the property during the 2020 exploration program. This expanded area is coincident with a magnetic low feature on the property determined during the June 26, 2021 UAV Magnetic Drone survey. The results of this expanded sampling program successfully extended the previous known size of the Cu, Ag, Zn, As and Te anomaly, most notably, the extents of the copper anomaly. 6 of the 102 samples collected yielded copper assay grades higher than 154 ppm with the highest grade reporting 288 ppm copper.

The soil sample copper assay results are presented in the map below and are displayed transparently over top off the UAV Magnetic survey map. The attributes shown in the map demonstrate the direct correlation of anomalous copper values with a magnetic low shown in the southern portion of the UAV Magnetic survey grid which can be characteristic of a buried, near surface porphyry system at depth.

As discussed in the previous July 15, 2021 news release, Mr. David G. Mark, P.Geo. and geophysicist of Geotronics Consulting Inc. states in his preliminary interpretation of the UAV magnetic survey results, "The correlating magnetic low definitely supports this possibility since the low could be caused by alteration associated with a porphyry mineral deposit."

Additionally, a surficial rock outcrop sampling program was conducted on the property designed to follow up on the 2020 exploration program with the gold and copper assay results presented in the accompanying map below where the sample assay results are overlaid on top of the UAV Magnetic survey results.

Samples highlighted in green represent rock samples collected during the May, 2021 program.

It is notable that the anomalous rock samples collected to date are most commonly associated with veining and or intense silicification and may explain why they appear to be coincident with the margins of several of the magnetic high and low features. Kristian Whitehead, P.Geo. and geological consultant for the Company states: "We continue to be rewarded with our exploration efforts to date at the Scarlett Property. The Property continues to yield increasing evidence it hosts a proximal near surface buried porphyry system at depth and justifies additional follow up work."

QA-QC - Sampling Procedures

Infiniti Drilling Corporation collected a total of 102 soil samples at a spacing of 50 m along north-south lines spaced 50 m apart using GPS for location. Infiniti Drilling Corporation crew extracted the samples targeting the B-Horizon and placed the soil in marked kraft bags. The samples were sorted, placed in rice bags and submitted to ALS Minerals located in North Vancouver an ISO Certified Laboratory for subsequent assay analysis for gold and multi-elements. The assay processes that were employed for each soil sample conducted by ALS Minerals included: PREP-41 - Preparation package for soils/sediments and ME-MS41L – Four acid soil package (Super Trace Lowest DL AR by ICP-MS) procedure.

Additionally, Infiniti Drilling geological crew collected a total of 19 surface rock samples and recorded the geological attributes and GPS locations of each sample. The rock samples were then sorted, placed in rice bags and submitted to ALS Minerals located in North Vancouver, an independent ISO Certified Laboratory for subsequent assay analysis for gold and multi-elements. The assay processes that were employed for each rock sample conducted by ALS Minerals included: a 33 element ME-ICP61 (Four acid ICP-AES) and Au-ICP21 (Au 30 gram FA ICP-AES Finish) procedure. NEW detected no significant QA/QC issues during review of the data. NEW is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristian Whitehead, B.Sc., P.Geo., a consultant of the Company and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Whitehead verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein.

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 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 forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's 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 Company's 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.