Radisson undertakes glacial till sampling on the southern portion of the O’Brien project following the discovery of a sample grading 7.33 g/t gold

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RUEN NORANDA, Quebec, May 4, 2023 (Globe Newswire) — Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or “the Corporation”) announces that following the 2022 exploration program in the southern part of the O’Brien Project, (“New Algeria” or “New Algeria Area”) has defined a geological context similar to the Canadian Malartic complex where it plans a large-scale campaign up to take samples (See Figure 1).

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Why would the deposits of the Pontiac Collection (“Pontiac Collection”) located south of the plentiful Larder-Lake-Cadillac Divide region host such large deposits?

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Adjacent to the O’Brien Gold Project, Canada’s Malartic Pool has produced approximately 13.7 million ounces of gold to date and is largely located in the Pontiac Group, where gold mineralization is represented by a large amount of diffuse gold and is spatially related to felsic to intermediate porphyritic intrusions and dikes as well as zones of shear (See Figure 2). This mining complex highlights the vast potential for gold in the Pontiac Group.

Why does the new Algiers region have all this potential?

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“I am pleased to report that we will be carrying this important program through to sampling in the coming weeks. While the impressive O’Brien project remains our top priority and focus, we see an excellent opportunity to begin unlocking the value of the New Algiers region at low cost where our vast land has the potential on making new discoveries of gold,” Dennis F commented. LaChance, interim President and CEO.

How will the Radisson team try to make a new discovery?

After evaluation, the geological team at Radisson determined that a large glacier sampling campaign (300-400 samples) was the best way to target large areas of widespread gold potential. After a successful campaign, stripping, trenching and/or excavation will eventually allow a potential discovery strike to be accurately determined.

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Figure 1 General geology of the Abitibi greenstone belt showing gold potential in the Pontiac Group deposits

Figure 2: An ice grid plotted up to sampling

Figure 3: Map of the O’Brien Gold Project site

qualified person
Vivien Janvier, P. Geo., Ph.D., Director, Geology for Radisson is the Person Qualified pursuant to NI 43-101 requirements. Qatar Petroleum in the company has reviewed the technical content of this statement.

Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on the 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-famous Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced more than 25 million ounces of gold over the past 100 years. The project hosts the former O’Brien Mine, which during its production was Quebec’s highest gold producer.

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For more information about Radisson visit its website www.radissonmining.com or contact:

Dennis in Lachance
Chairman of the Board, Interim President and Chief Executive Officer
819-806-3340
dlachance@radissonmining.com

Hubert Parent-Bouchard
Chief Financial Officer
819-763-9969
hpbouchard@radissonmining.com

Forward-looking statements

All statements, other than statements of historical fact, made in this press release including, without limitation, those relating to the intended use of the Offering proceeds, the development of the O’Brien Project, and in general, the above” about Radisson Mining Resources Inc. paragraph that primarily describes the Company’s expectations, constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and is based on expectations, estimates, and projections as of the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions that, although considered reasonable by the Company as of the time such statements are made, are inherently subject to important economic and competitive uncertainties and contingencies. These estimates and assumptions may be incorrect. Many of these uncertainties and contingencies could directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, and could differ materially from those projected in such statements. . A description of the assumptions used to develop such forward-looking information and a description of the risk factors that could cause actual results to differ materially from the forward-looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.

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By their nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that estimates, forecasts, forecasts and other forward-looking statements may not be realized or that assumptions do not reflect future experience. Forward-looking statements are made for the purpose of providing information about management’s endeavors to develop O’Brien’s enterprise and, more generally, its expectations and plans for the future. Readers are cautioned not to place undue reliance on these forward-looking statements because a number of important risk factors and future events could cause actual results to differ materially from the beliefs, plans, goals, expectations, projections, estimates, assumptions and intentions expressed in such forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements and those in our other filings with the securities regulators of Canada. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to clarify any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.