U.S. Gold Corp. announces the resignation of Ryan Zinke from its Board of Directors

The Honorable Ryan K. Zinke will take his place The United States congress

CHEYENNE, Wyo., November 22, 2022 /PRNewswire/ — U.S. Gold Corp. (“US Gold”, the “Company”, “we”, “our” or “us”) (NASDAQ: USAU), a gold exploration and development company, announced today the resignation of The Honorable Ryan K. Zinke from his Board of Directors (the “Board of Directors”) is effective December 31, 2022 (the “Effective Date”).

State Secretary Zinke won the election as representative Montana 1St congressional district and will take its seat in the U.S. House of Representatives when the 118thth United States Congress convenes January 2023. Minister Zinke previously served in Congress as a representative Montana in the general congressional district from 2015 to 2017 before serving as Secretary of the Interior from 2017 to 2019.

President and CEO of US Gold, george bee commented, “I would like to thank Ryan for his services to US Gold Corp. thank him and wish him every success in his return to public office. His commitment to service and unique perspective have been invaluable and we are grateful for his contributions to our development projects in Idaho, Nevadaand Wyoming. On behalf of the Board of Directors, management team and our shareholders, I would like to thank Ryan and wish him and his family all the best in the future.”

Luke NormanCEO of the company, said: “Since then we have had the privilege of working with Minister Zinke April 2019. He has provided good advice and insight throughout his tenure on the Company’s Board of Directors.”

Mr. Norman continued, “Secretary Zinke is on the list of directors for re-election at the Company’s 2022 AGM December 16thth2022. In the event of re-election at the 2022 AGM, Mr. Zinke will continue to serve as Director until the Effective Date at which the Board will address the vacancy created on the Board pursuant to the second amended and recast Articles of Association.”

Secretary Zinke said he would divest his interest in US Gold as soon as possible and would no longer have any ongoing agreements or relationships with the company thereafter December 31, 2022.

About US Gold Corp.

U.S. Gold Corp. is a publicly traded gold exploration and development company focused on the United States. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Project is located in Southeast Wyoming and has a Pre-Feasibility Study Technical Report prepared by Gustavson Associates, LLC. keystone and Maggie Creek are exploration properties on the Cortez and Carlin trends in Nevada. The Challis Gold Project is located in Idaho. Learn more about US Gold Corp. can be found at www.usgoldcorp.gold.

For more information please contact:

U.S. Gold Corp. Investor Relations:
+1 800 557 4550

[email protected]

www.usgoldcorp.gold

SOURCE US Gold Corp.

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