Results from the Queensland Gold Hills drill program on the Big Hill gold property in Queensland, Australia

Vancouver, British Columbia–(Newsfile Corp. – July 22, 2022) – Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) (FSE: MB3) (“Queensland Gold“or the”Company“) announces that it has received the final assay results from the recently completed inaugural drilling campaign on the Big Hill property, located in the historic Talgai Goldfield in Queensland, Australia. The 11-hole (1 457m) targeted extensions of the mineralization below the underground workings of the Queenslander prospect, one of the many historic high-grade mines in the Talgai Goldfield.

The drilling successfully demonstrated the structural continuity of the mineralized vein system approximately 100m down dip from the base of the historic workings. Assay results returned by ALS-Global Brisbane showed moderate grade intersections through the vein and altered rocks, including 10m at 0.49g/t Au from 97m (BH013), but this initial and modest program did not intersect the higher grade shoots reported in historical production records.

CEO and Director of Queensland Gold Hills, Blair Way, said: “Although our first drill program at Big Hill did not intercept the grades we were targeting, we were able to hit the right structures and encountered mineralization. under the historic shipyards, as planned. the information provided will be extremely valuable as the team continues to analyze multi-element geochemistry and vein geometry to capture vectors of higher grade mineralization which will be drill tested in subsequent programs on other targets on the property. to announce upcoming plans and discuss our evolving strategies as we seek to demonstrate the extraordinary potential we see in the Talgai goldfields.”

Figure 1 Assay results during the 2022 Queenslander drill program

About Big Hill

The Big Hill Gold Property consists of a single exploration permit covering 24 square kilometers and includes two separate mining leases granted. The permit covers the historic Big Hill, Queenslander, Monte Cristo and Sultan & Taylor of the Talgai Goldfield mines. Talgai is one of eight historic goldfields in the expanded Warwick-Texas District, active in the late 19th century, which includes Canal Creek, Thanes Creek, Leyburn, Palgrave, Pikedale, Lucky Valley, and MacDonald Goldfields. These have supported both alluvial and reef mining, with the Queenslander mine distinguishing itself as the first lode gold mine in the State of Queensland with a total production of 4.1 koz of gold at a grade 50g/t average with some early crushes reported up to 4000g. /t. The bulk of production at historic mines in the Warwick-Texas district occurred from the initial discovery in 1864 until the early 1900s. Small-scale activity continued for intermittent periods in the 20th century, with many of the largest historic mines remaining under mining leases, but with limited modern exploration to date.

About Queensland Gold Hills Corp.

Queensland Gold Hills is focused on conducting modern systematic exploration in the historic gold fields of Queensland, Australia. Together, the Big Hill Gold Project and the Titan Project cover 110 square kilometers and are home to 54 historic high-grade gold mines in the Talgai Gold Fields of the Greater Warwick-Texas District.

FOR MORE INFORMATION, PLEASE CONTACT:

Blair Way, Chairman and Chief Executive Officer and Director
Telephone: 1 (800) 482-7560
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.
Twitter: @QLDGoldhills

Forward-looking statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian law. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “should”, “”, “potential”, “expected” or variations of these words and similar phrases and expressions, which by their nature refer to future events or results which may, might, might or will occur. occur or be taken or achieved. Accordingly, all statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and directions regarding the future, including, without limitation, any statements or plans regarding the geological prospects of the Company’s properties and the Company’s future exploration plans.Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those contained in the forward-looking statements. Forward-looking statements are based on a number of important factors and assumptions. Factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to unfold. be refined, the results of future resource estimates, future metal prices, the availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defaults in title, timely availability of personnel, materials and equipment, accidents or equipment failures, uninsured risks, delays in receiving government approvals, unforeseen environmental impacts on operations and costs to remedy them. Readers are cautioned that mineral exploration and mine development are inherently risky activities and, therefore, actual events may differ materially from those projected in the forward-looking statements. Other risk factors are discussed in the section entitled “Risk Factors” of the Company’s MD&A for its recently completed fiscal year, which is available under the Company’s SEDAR profile at www.sedar.com .

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