African Gold Group Closes Oversubscribed $4.6 Million Private Placement

View this email in your browser AFRICAN GOLD GROUP CLOSES OVERSUBSCRIBED $4.6 MILLION PRIVATE PLACEMENT NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES February 24, 2021 Toronto, Ontario – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to announce that it has closed its previously announced C$4 million non-brokered private placement financing of common shares (the "Offering") on an oversubscribed basis for gross proceeds of C$4,599,921.75.   Pursuant to the Offering, the Company issued 30,666,145 units of the Company (each a "Unit" and collectively, the "Units") at a price of C$0.15 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a "Warrant").  Each Warrant will entitle the holder to acquire one additional Common Share of the Company at an exercise price of C$0.25 until June 24, 2023. Certain directors and officers of the Company purchased or acquired direction and control over a total of 1,166,667 Units under the Offering. The placement to those persons constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the Company. Net proceeds from the Offering will be used to continue exploration activities at the Company's flagship Kobada Gold Project with a view on targeting an increase in resources and reserves in the near term. Danny Callow, Chief Executive Officer of AGG states, "the success of the drilling campaign to date where deeper oxides, additional mineralised zones outside of the current ore resource envelope, encouraging grades and confirmation of economic gold mineralisation within a new shear zone structure at our Gosso target has given us a significant amount of confidence in the exploration upside potential of Kobada. The additional funds will be targeted towards updating our resources and reserves and focus on adding significant value to the project." In connection with the closing of the Offering, the Company has paid aggregate finder's fees of $121,507.50 in cash and 810,165 finder's warrants ("Finder's Warrants") to certain finders. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.15 for a period of 24 months from the date of the closing of the Offering.  All securities issued under the Offering are subject to a statutory hold period ending on June 25, 2021. The securities offered under the Offering have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. ASX Dual Listing The Company will commence investigating the merits of a dual listing on the Australian Stock Exchange ("ASX"). The Company believes that dual listing on ASX could provide a larger pool of investors to support the Kobada Gold Project. Danny Callow, Chief Executive Officer of the Company commented, "We have seen continued good support from Australian institutional investors and feel that a dual listing could further raise the profile of AGG within Australia and provide access to Australian investors many of whom can only invest on the ASX." Investors Relations Agreement Further to the Company's press release dated April 2, 2020, the Company announces that the investors relations agreement dated as of March 27, 2020 between the Company and Hybrid Financial Ltd. has been terminated. About African Gold Group   African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com. For further information please contact:   Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.com   Scott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.com   Daniyal Baizak  VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.com   Camarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk   Forward-Looking Statements This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the intended use of proceeds, closing conditions and timing and other matters relating to the Offering, the Company's development and exploration plans for the Kobada project and other statements with respect to the future plans or intentions of the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "aims", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.   NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.     Follow on Twitter LinkedIn Follow on Instagram Our mailing address is: info@africangoldgroup.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Ramón Dávila Added to VanGold Advisory Board

View this email in your browser Ramón Dávila Added to VanGold Advisory Board Former First Majestic COO to Join Team VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Vancouver, British Columbia -VanGold Mining Corp (the "Company" or "VanGold") (TSXV:VGLD) is pleased to announce that Ramón Dávila has joined its Advisory Board. From 2004 to 2014 Mr. Davila was Chief Operating Officer and a member of the Board of Directors of First Majestic Silver Corp. Within that 10-year period, he led a team that created five new silver mining operations in Mexico, taking the company from two employees to more than 4000, growing First Majestic's production profile from zero to over 12 million ounces of silver equivalent production per year. At that time Mr. Davila was in charge of all aspects of First Majestic's mining and exploration operations, as well as all administrative and financial facets of their Mexican subsidiaries. In September 2016, Mr. Davila was appointed Minister of Economic Development for the State of Durango, Mexico - a post he held until June 2020. Mr. Davila is joining VanGold's Advisory Board that now consists of mining lawyer and entrepreneur Stuart ‘Tookie' Angus; public company executive and financier John Budreski; and seasoned exploration geologist Greg Hawkins. Tookie Angus said: "VanGold's Advisory Board is well utilised by the Company. We are kept well informed of all aspects of the Company's progress, while advice from advisory board members is heeded and acted on. As a large shareholder, it is a pleasure to watch and to be a part of the Company's steady continuing advancement." Mr. Davila's other distinguished work experience includes long stints in charge of all Mexican operations for both Pan American Silver Corp. and Luismin SA. de CV., as well as 11 years with Industrias Peñoles SA. de CV. where he started his career. His educational credits include graduating from the University of Guanajuato with a degree in Mining and Metallurgical Engineering as well as a Master of Science degree in Mineral Economics from the Colorado School of Mines. VanGold's Country Manager Gerardo Dorado commented: "I have known Ramon Davila for almost 40 years, since our days studying mine engineering at the University of Guanajuato. Ramon is somewhat unique, as a person combining the skills of a great miner with that of a great businessman. I am confident that his contributions will make all aspects of our company better. We are all very excited to have him as part of our team as we embark on this tremendous phase of growth for the Company through our proposed purchase of the El Cubo assets." To view a video summary of today's news release, please click the following link: https://youtu.be/2d7nogYtkOQ. VanGold's El Pinguico Project: El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. Toward the end of that period it was mined exclusively by The Pinguico Mines Company of New York City, whose shares traded on the Boston and New York Stock Exchanges. The mining was done principally from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother Vein, or ‘Veta Madre'. The Veta Madre is associated with a mega fault that outcrops for 25 kilometres and is the most important source of precious metal mineralization in the region. Current geologic interpretation, based on regional mapping and projections from the Veta Madre developed at adjacent historic mine operations, suggest that the Veta Madre vein system may cross VanGold's property at depth, underneath the high grade El Pinguico and El Carmen veins. Very limited drilling has been done on the property and no drilling has yet attempted to encounter the Veta Madre at depth. The intersection of these major vein structures are excellent exploration targets and may result in zones of significant size and grades. Hernan Dorado Smith, a director of VanGold and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. About VanGold Mining Corp. VanGold Mining is an exploration and development company engaged in reactivating high-grade past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. The Company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in delineating silver and gold resources through underground and surface drilling on projects located in this historic mining camp. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding VanGold Mining Corp, please contact: James Anderson, Director, +1 (778) 989-5346 Email: james@vangoldmining.com Continue to watch our progress at: www.vangoldmining.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the successful acquisition of the El Cubo Complex on the proposed terms and estimated timing for closing thereof, the ability of VanGold to raise the necessary funding to purchase the El Cubo Complex on the terms and conditions contemplated, the ability of VanGold to successfully re-start the El Cubo mill, supply sufficient mineralized material from the Company's El Pinguico project and the El Cubo Complex for processing through the El Cubo mill at the projected rate to produce sufficient ounces of silver and gold to repay the proposed gold and silver loan, the ability to generate positive cash flow from the El Cubo mill as contemplated or at all, the exploration and development potential of the El Cubo Complex and the potential existence of mineral resources thereon, and the potential intersection at depth of the "Veta Madre" with the Company's El Pinguico and El Carmen veins. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration and development activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that VanGold will successfully finance and complete the acquisition of the El Cubo Complex on the terms contemplated or at all or, if acquired, that the Company will be able to re-start the El Cubo mill to process mineralize materials in the amounts and at the costs anticipated. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company's operations, supply chains, ability to access El Pinguico or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. VANGOLD MINING CORP. PH: +1(778) 989-5346 E: info@vangoldmining.com W: vangoldmining.com CA: Suite 2820 - 200 Granville Street, Vancouver B.C. V6C 1S4 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Vangold Mining Corp. View source version on accesswire.com: https://www.accesswire.com/631593/Ramn-Dvila-Added-to-VanGold-Advisory-Board Copyright © 2021 VanGold Mining Corp., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: VanGold Mining Corp. 200 Granville Square 2820-200 Granville St Vancouver, BC V6C 1S4 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Watch our Corporate Updates, Interviews, Presentations and more...

Corporate Updates, GCFF, StockPulse, SOAR, GeoScience, etc

Watch our Corporate Updates, Interviews, Presentations and more... Share this story... ‌ ‌ ‌ Corporate Updates Feb, 2021 - WGO Reports Significant GT Probe Results up to 8.52 g/t Gold at the Ulli's Ridge Target. StockPulse debriefs White Gold Corp's Chief Technical Advisor, Shawn Ryan, discussing the latest significant results from 2020 GT Probe sampling on new targets located just west of its flagship Golden Saddle and Arc deposits. White Gold Corp continues to identify new targets from our 2020 exploration program. Feb, 2021 - Corporate Update by White Gold Corp's CEO, David D'Onofrio. White Gold Corp in the news recently reporting gold mineralization on multiple targets from their extensive land package in the White Gold District of Yukon, Canada. CEO, David D'Onofrio, sat down with Stockpulse for a corporate update, a recap of 2020 and what's next for White Gold Corp in 2021. Feb, 2021 - David D'Onofrio of Yukon gold project exploration company White Gold talks about the extensive exploration grounds, targets, and newly discovered projects in the White Gold District, Yukon, Canada. David covers company updates, plans for existing projects, broad company strategy, importance of key investors, lead exploration expertise of Shawn Ryan, and more 00:00:00​​ - 00 - Start 00:00:38​​ - 01 - Introduction 00:01:32​ - 02 - David D'Onofrio - Background 00:04:00​​ - 03 - David D'Onofrio - PowerOne Capital Markets 00:11:26​​ - 04 - David D'Onofrio - CEO Role at White Gold Corp 00:14:00​​ - 05 - David D'Onofrio - PowerOne Group allocation in WGO 00:19:18​​ - 06 - David D'Onofrio - Gold market 00:21:42​​ - 07 - David D'Onofrio - Yukon Jurisdiction 00:27:00​​ - 08 - David D'Onofrio - Capital Structure, Cash position 00:28:35​​ - 09 - David D'Onofrio - 2021 Runway 00:30:42​​ - 10 - David D'Onofrio - Shawn Ryan as a partner & prospector 00:35:32​​ - 11 - David D'Onofrio - Core focus in 2021 00:43:21​​ - 12 - David D'Onofrio - Delineation vs Discovery 00:45:40​​ - 13 - David D'Onofrio - Golden Saddle 00:51:30​ - 14 - David D'Onofrio - Investment Opportunity 00:53:36​​ - 15 - David D'Onofrio - Best way to reach us GCFF Global Chinese Financial Forum Feb, 2021 - Listen to David D'Onofrio at the GCFF Virtual Conference Precious Metals Day. GCFF is the Global Chinese Financial Forum. English version. Feb, 2021 - Listen to David D'Onofrio at the GCFF Virtual Conference Precious Metals Day. GCFF is the Global Chinese Financial Forum. Chinese version. Feb, 2021 - Presentation by David D'Onofrio, President & CEO of White Gold Corp. (TSX.v: WGO) on SOAR Financial. 00:00:00​​ - 00 - Start of Presentation 00:00:32​​ - 01 - David D'Onofrio - Introduction 00:01:08​​ - 02 - David D'Onofrio - The Opportunity 00:03:18​​ - 03 - David D'Onofrio - Property Portfolio 00:05:06​ - 04 - David D'Onofrio - Key Events Timeline 00:06:58​ - 05 - David D'Onofrio - Capital Structure 00:07:57​​ - 06 - David D'Onofrio - Golden Saddle & Arc Deposits 00:10:38​​ - 07 - David D'Onofrio - 2020 Exploration Program 00:11:25​​ - 08 - David D'Onofrio - Comparable Analysis 00:13:12​​ - 09 - David D'Onofrio - Summary Jan, 2021 - VRIC's Veronika van Wollen from Market One interviews Shawn Ryan, Chief Technical Advisor and David D’Onofrio, CEO of White Gold Corp. Vancouver Resource Investment Conference 2021 00:00:00 - 00 - Start 00:00:08 - 01 - Introduction 00:02:57 - 02 - Highlights 00:04:35 - 03 - Shawn's Major Discoveries 00:08:40 - 04 - Highlights in 2020 00:11:53 - 05 - Selling Assets - JV or Spinout? 00:15:00 - 06 - Analyst Targets vs Share Price 00:18:43 - 07 - Milestones and Catalysts 00:21:48 - 08 - Why Invest Today? Nov,2020 - White Gold Corp's Shawn Ryan presents at the Yukon Geoscience 2020 Virtual Conference. Shawn discusses the unique opportunity in the White Gold district, Yukon. 00:00:00 - 00 - Start of Presentation 00:00:12 - 01 - Shawn Ryan - Introduction 00:00:25 - 02 - Shawn Ryan - Unique Opportunity 00:01:42 - 03 - Shawn Ryan - Property Portfolio 00:03:12 - 04 - Shawn Ryan - Golden Saddle & Arc Deposits 00:03:35 - 05 - Shawn Ryan - VG Deposit 00:04:06 - 06 - Shawn Ryan - 2020 Exploration Program 00:05:28 - 07 - Shawn Ryan - Ryan's Surprise Target 00:09:02 - 08 - Shawn Ryan - Titan Target 00:07:16 - 09 - Shawn Ryan - Betty Property 00:10:34 - 10 - Shawn Ryan - JP Ross Property 00:11:45 - 11 - Shawn Ryan - JPR - HEN Understanding Structure 00:12:28 - 12 - Shawn Ryan - JP Ross property 2020 mechanical trenching program 00:13:09 - 13 - Shawn Ryan - Betty Property 00:15:00 - 14 - Shawn Ryan - Sixty Mile Project 00:15:32 - 15 - Shawn Ryan - Summary Nov, 2020 - Matias Sánchez presents at the Yukon Geoscience 2020 Virtual Conference. He discusses integrating magnetic lidar data for structural mapping & targeting on the JP Ross - Henderson properties in the White Gold district, Yukon. 00:00:00 - 00 - Start of presentation 00:00:12 - 01 - Matias Sánchez - Introduction 00:00:32 - 02 - Matias Sánchez - Regional background 00:00:52 - 03 - Matias Sánchez - Tectonic, magmatic and metallogenic evolution 00:01:50 - 04 - Matias Sánchez - Work area - Claims outlines 00:02:25 - 05 - Matias Sánchez - Work area - Geological background 00:03:48 - 06 - Matias Sánchez - Aeromagnetic Interpretation 00:05:05 - 07 - Matias Sánchez - District Mag-Structure Interpretation 00:07:38 - 08 - Matias Sánchez - Cross-cutting relations 00:08:27 - 09 - Matias Sánchez - Fault type & displacements 00:09:52 - 10 - Matias Sánchez - Lidar data interpretation 00:10:16 - 11 - Matias Sánchez - Structural interpretation of LIDAR data 00:11:14 - 12 - Matias Sánchez - LIDAR DEM Titan zone 00:11:27 - 13 - Matias Sánchez - LIDAR and Magnetometry integration 00:12:51 - 14 - Matias Sánchez - JP Ross & Henderson structural-magnetic interpretation 00:13:38 - 15 - Matias Sánchez - Structural Evolution - JP Ross & Henderson 00:14:49 - 16 - Matias Sánchez - Structural Evolution - Coffee Gold & Golden Saddle 00:15:26 - 17 - Matias Sánchez - Structural Evolution - Sixtymile Pika & Big creek fault 00:15:41 - 18 - Matias Sánchez - Targeting future exploration White Gold Corp. Video Series Oct, 2020 - Watch our property site tour video showcasing the Company’s 32 property, 1M+ acre land package in Yukon’s White Gold District. Dec, 2020 - White Gold Corp. is honored to be announced the winner of the recent 2020 Mines and Money Global Pitch Battle Contest. Oct, 2020 - Watch our short-form property site tour video showcasing the Company’s 32 property, 1M+ acre land package in Yukon’s White Gold District. More White Gold Corp videos... PRESENTATION OVERVIEW FACT SHEET FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,207 quartz claims across 32 properties covering over 420,000 hectares representing over 40% of the Yukon’s prolific White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(3). For more information visit www.whitegoldcorp.ca.  (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, available on SEDAR. (2) See Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, available on SEDAR. (3) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.  Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release. Cautionary Note Regarding Forward Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Contact Information: David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca

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