Scottie Reports High-Grade Polymetallic Surface Mineralization In Three New Showings on the Summit Lake Property, British Columbia

Grades up to 9.48 g/t Gold and 3510 g/t Silver

VANCOUVER, British Columbia, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to provide report assay results from three new showings (The Mayor, Tope Rope, Tombstone) discovered on the Summit Lake Property during the 2019 field season. The Summit Lake Property is situated between Pretium’s Brucejack mine and Ascot’s Premier mine in British Columbia, Canada, and falls within the prolific Golden Triangle. Assays include grades of up to: 9.48 g/t gold, 3510 g/t silver, 2.84 % copper, >20% lead, and 28% zinc.

“Discovered this summer while mapping along the margins of retreating glaciers, these showings highlight the excellent potential for high-grade polymetallic vein systems on the Summit Lake Property” said Dr. Thomas Mumford, the Company’s VP, Exploration, “Together these new showings demonstrate a new a mineralized corridor that extends for at least 2500 m with a width 800 m. Follow up fieldwork and drilling in 2020 will further define and test these new zones.”

Table 1 – Select 2019 grab samples from the new showings

Sample Number	Gold (ppm)	Silver (ppm)	Copper (ppm)	Lead (ppm)	Zinc (ppm)
The Mayor
Y610740	3.64	130	1515	76900	11150
Y610754	0.57	144	114	100500	21000
Y610755	9.48	2000	18900	15300	159500
Tombstone
Y611043	0.321	119	1190	6500	3160
Y611601	0.053	143	726	91200	136000
Y611602	2.62	44.6	421	867	168000
Y611603	0.101	87.9	2290	11050	192000
Y611605	0.977	153	4360	151000	23300
Y611660	0.044	22.6	757	2290	278000
Tope Rope
Y611038	0.029	22	609	1225	30000
Y611042	0.183	154	684	99900	154000
Y611106	2.23	19.7	2070	61	132
Y611108	0.72	10.9	1345	110	189
Y611111	0.046	139	2650	5240	5240
Additional samples proximal to the new showings
C11-06302	5.41	2290	471	11100	5020
Y611645	0.191	592	3150	125000	52100
Y611646	0.074	223	639	139500	39600
Y611647	1.06	3510	28400	200000	42100
Y611648	0.061	261	1230	43000	45500

During the 2019 field season, mapping and sampling focused on significant sulphide-rich veins in areas that have undergone recent glacial retreat. Multiple new sulphide-bearing mineral occurrences were identified mid-season during preliminary mapping (August 27, 2019), and the results from three of the new showings are presented here (Table 1, Figure 1).

Grab sampling of The Mayor, Top Rope, and Tombstone showings and the local surrounding area yielded a total of 69 samples, the majority of which were highly anomalous in multiple base metals and/or precious metals. Based on the mineralogy and geochemistry, the polymetallic mineralization observed at The Mayor, Top Rope, and Tombstone (Figure 1) is distinct from the primary gold-silver mineralization mined at the past-producing Scottie Gold Mine, and represents another favourable deposit style to be explored within the Summit Lake Property. The area will constitute a key focus during the 2020 field season, early season detailed mapping and will be used to delineate drill targets.

A portion of the claims in the Summit Lake Property are subject to a 1.8% gross smelter return, of which the Company can purchase up to 0.8% for $1,000,000 at any time.

Quality Assurance and Control

Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO 9001:2008 accredited facility). The sampling program was undertaken by Company personnel under the direction of Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+10 g/t Au). Individual grab samples taken during the project represent point locations in the field, and were typically collected from rocks covering an area of less than 0.5 m². Grab samples from outcrop/bedrock are selective by nature and they may not be representative of the mineralization hosted on the project.

Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine property and has the option to purchase a 100% interest in the Bow property and the Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie owns 100% interests in the Ruby Silver and Black Hills properties and has the option to purchase a 100% interest in the Bitter Creek property which joins the Ruby Silver property with the Black Hills property.

All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts.

Further information on Scottie can be found on the Company’s website at www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at [phone].

ON BEHALF OF THE BOARD OF DIRECTORS

“Bradley Rourke”

President & CEO

FORWARD LOOKING STATEMENTS

This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

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