Trueclaim is Pleased to Announce the Latest Results From Its Delineation Drill Program as It Moves Towards Building a Compliant

Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) recently
finished a significant section of its Phase II 8,000 meter drilling program. The
first stage of delineation of the North Zone on the Scadding Gold Property (the
"Property") was completed with sixteen holes and just under 2,500 meters
drilled.


One of the major accomplishments of the Phase II drill program is enhanced
definition of the North Zone mineralization. The North Zone has been drilled in
two previous programs by Trueclaim with successful results (i.e. TRM-10-07:
19.29m at 12.9 g/t). It is the first zone of the five zones on the property
targeted by Trueclaim for the calculation of a compliant resource. Trueclaim
contracted SRK Consultants (Canada) Inc. ("SRK") and used oriented drilling to
help determine the direction of the mineralization.


The delineation drillholes were planned with the help of SRK. The orientation of
the drillholes was chosen so that the intersections of chlorite would give a
true width representation of the mineral deposit and would enhance the discovery
of new mineralization. The program was very successful in defining the geometry
of the mineralization and has extended the modeled envelope in the direction of
the southeast and at depth. Due to the large drill spacing used to date, the
next stage of delineation in the area will have a much tighter spacing within
the mineralized body.


Shown below are the highlights of this recent drilling:



---------------------------------------------------------------------------
Hole                               Interval                           Grade
---------------------------------------------------------------------------
Hole ID            From (m(ft))        To (m(ft))    Length (m(ft)) Au (g/t)
---------------------------------------------------------------------------
TRM-11-30        84.00(275.59)     87.30(286.41)       3.30(10.83)     5.81
TRM-11-31        62.00(203.41)     65.72(215.61)       3.72(12.20)     1.89
TRM-11-36        51.00(167.32)     53.00(173.88)        2.00(6.56)     1.48
TRM-11-39       122.26(401.11)    127.50(418.30)       5.24(17.19)     2.44
TRM-11-39       153.00(501.96)    158.00(518.37)       5.00(16.40)     0.66
TRM-11-40        41.63(136.58)     42.63(139.86)        1.00(3.28)     4.33
TRM-11-40       143.20(469.81)    152.00(498.68)       8.80(28.87)     0.92
TRM-11-44       122.50(401.90)    124.00(406.82)        1.50(4.92)     1.89
---------------------------------------------------------------------------



After the drilling was completed in the North Zone the area was remodelled in
Surpac (a 3D modeling program) by Trueclaim's onsite geologists. To date, the
modeling and delineation program indicates that the North Zone consists of
several sets of parallel auriferous trends. Olivine diabase dikes intruded and
cross-cut the mineralization at an angle of approximately 30 degrees from the
strike of the auriferous chlorite seams. The North Zone requires in-fill
delineation drilling for resource analysis.


The Company holds the Scadding property under option from Currie Rose Resources.
The Company has earned a 51% working interest in the property and retains the
right earn a 100% working interest in the property.


We seek safe harbour.

ON BEHALF OF THE BOARD

TRUECLAIM EXPLORATION INC.

John Carter, President

Technical information in this news release has been reviewed by Ms. Lindsay
Moss, P. Geo. and prepared in accordance with Canadian regulatory requirements
as set out in National Instrument 43-101. Trueclaim's quality control and
assurance program includes the insertion of standards and blanks, the retention
of 1/2 of the cut core that has been sampled, pulps and rejects, and uses a
independent certified lab, Accurassay Laboratories of Thunder Bay, ON. Samples
are sent for fire assay and if warranted for ICP. Assays of significance are
reassayed using screen metallics to ensure accurate values. Company Management,
which takes full responsibility for content, prepared this news release.


This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the proposed diamond drilling program. All statements in this news
release, other than statements of historical facts, which address future
production, reserve potential, exploration activities, financing plans,
objectives or goals, and events or developments that the Company expects, are
forward-looking statements. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent risks and
uncertainties. Such forward-looking information or statements are based on a
number of risks, uncertainties and assumptions which may cause actual results or
other expectations to differ materially from those anticipated and which may
prove to be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding its ability to complete its exploration and
development work as expected. Actual results could differ materially due to a
number of factors, including, without limitation, operational risks in the
completion of the Company's continued development work, technical, safety or
regulatory issues, market prices, exploitation and exploration successes,
continued availability of capital and financing, and general economic, market or
business conditions. Although the Company believes that the expectations
reflected in the forward-looking information or statements are reasonable,
prospective investors in the Company's securities should not place undue
reliance on forward-looking statements because the Company can provide no
assurance that such expectations will prove to be correct. Actual results or
developments may differ materially from those projected in the forward-looking
statements, as assay intervals might not necessarily represent true width. Such
risks include expectations that may be raised by discussing potential mine types
and by comparing the Company's projects to other projects. Also, in order to
proceed with the Company's exploration and acquisition plans, additional funding
is necessary and, depending on market conditions, this funding may not be
forthcoming on a schedule or on terms that facilitate the Company's plans.
Forward-looking information and statements contained in this news release are as
of the date of this news release and the Company assumes no obligation to update
or revise this forward-looking information and statements except as required by
law.
Trueclaim Exploration (TSXV:TRM)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024