News Release

Calgary, Alberta, Mar. 28, 2022 – Long Range Exploration Corporation (“LREX” or the “Company”) is pleased to announce that it has completed a helicopter borne tri-axial magnetic gradiometer survey over the Simms Ridge Property that includes the recently announced 27 additional mineral claims. The data and final report on the airborne survey has been forwarded directly to Longford Exploration Services Ltd. for analysis and incorporation into the forthcoming NI 43-101 Technical Report.

The survey was conducted using a manned helicopter equipped with specially designed 35A Airborne Potassium Vapour high resolution magnetometers mounted on a non-magnetic stinger in a tri-axial array. The work was undertaken by Axiom Exploration Group Ltd. who mobilised the equipment from the Golden Triangle area of NW British Columbia to Newfoundland.

Darrell Brown, Chief Executive Officer of LREX commented, “We are pleased to have undertaken and successfully completed the Tri-Axial Survey because it is an important milestone in the Simms Ridge Property evaluation work. Integration of the geophysics survey results with previous historical work is highly anticipated in our upcoming NI 43-101 report.”

About Long Range Exploration Corporation

Long Range is a Calgary-based mineral exploration company focused on the discovery and development of structurally controlled orogenic gold projects in Newfoundland, Canada. The Company is presently concentrating its efforts on its wholly owned Simms Ridge Property immediately south of Pollard’s Point, located within the Humber Zone of the Newfoundland Appalachian Mountain Belt. Learn More.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

CONTACT: Howie Wakeham, Director & VP Corporate Development, +1 403-847-9911

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