Scottie Resources Advances Acquisition of Strategic Land Position in BC’s Golden Triangle

VANCOUVER, British Columbia, April 16, 2020 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report on a number of recent property transactions and option agreement negotiations. Together these transactions increase the total claim package from 19,113 ha to 24,589 ha, decrease the percentage of optioned claims from 36% to 6.4%, and generate a total cumulative savings over the next 3 years of greater than $1 million CAD. All claims are located within the southern portion of British Columbia’s Golden Triangle, including the 100% owned Scottie Gold Mine which produced 95,426 oz at an average recovered grade of 16.25 g/t gold in the early 1980’s. The road accessible Scottie Gold Mine is located 20 km south of Pretium’s Brucejack Mine, and 14 km north of Ascot’s Premier Mine.

Table 1 – Summary of changes in land positions in early 2020

Property	Change	Outcome	Cost (CAD)		Savings (CAD)		Hectares
Bow Property	Renegotiation of option agreement	100% Ownership	$300,000		$100,000		472
Bitter Creek Property	Renegotiation of option agreement	100% Ownership	$325,000 & 1,000,000 shares		$956,787*		4,832
Portland Claims	New purchase	100% Ownership			n/a		3,622
Black Hills Extension	Staked	100% Ownership	$1,575		n/a		235
Sulu Property	Staked	100% Ownership	$2,830		n/a		1,617
Total			$629,405		$1,056,787		10,778

*Savings includes both direct option payments ($665,000) as well as required work commitments ($291,787) over the life of the original option agreement.