"Recent core relogging and detailed 3D geological modelling of the maiden mineral resource footprint area has allowed our exploration team to gain a better understanding of the litho-structural controls of the gold mineralisation, said James Longshore, president and CEO. "Through enhanced drill targeting we have now upgraded the Road Cut Zone to a potential resource expansion opportunity strategically located along the footwall of the Big Bend gold deposit. This new geological insight has also permitted us to identify several potential resource expansion targets for follow up drilling along the over 2.5km trend-length of the Zone 2 - Zone 3 Granitoid-hosted gold system."

The present drill results correspond to the initial 16 boreholes (1,643m) of an ongoing exploration initiative geared towards the generation of new resource expansion targets within the Zone 2 - Zone 3 maiden mineral resource footprint area of the Kibi Gold Project; with drilling designed to follow up on early-stage gold shoots/showings discovered by previous drilling / trenching efforts (2008 - 2012) and to test prospective litho-structural gold settings identified by recently completed 3D geological modelling.

The diamond core boreholes ranging in length from 51m to 139m were completed by the company's in-house drilling crew on an intermittent basis from September 24, 2019 to January 27, 2020.

The holes reported include eight holes (790.5m) on the Road Cut zone; four holes (468m) on the South Ridge - SE Extension target; two step-out holes (232m) on the South Ridge deposit; and two holes (152.5m) targeting a trench showing.