Vancouver, B.C. – Independence Gold Corp. (TSX.V: IGO) (the “Company”) wishes to announce a proposed equity financing (the “Financing”) of up to a maximum of 15,000,000 shares comprised of up to 15,000,000 flow-through common shares (the “FT Shares”) or up to 15,000,000 units (each a “Unit”).Both the FT Shares and Units will be offered at a price of $0.10 for a maximum aggregate proceeds of $1,500,000, and a combined total of a maximum 15,000,000 shares issued. Each Unit will consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the holder to purchase one additional Share at an exercise price of $0.15 per common share for a period of 24 months. Subject to compliance with applicable securities laws and the approval of the Exchange, finders’ fees may be payable to eligible arm’s length persons with respect to certain subscriptions accepted by the Company.

The net proceeds from the Offering will be used by the Company to fund a winter exploration program at the Company’s 3Ts Property located in central British Columbia, expected to commence in February 2022, and may also be used for general and administrative purposes.

Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange.The securities issued will be subject to a four month hold period.

ON BEHALF OF THE BOARD of Independence Gold Corp.

“Randy Turner” Randy Turner, President and CEO