Golden Predator Engages Gustavson to Provide Updated Mineral Resource Estimate - Seite 2

2019 Drill Program Overview

The 2019 work program at Brewery Creek consisted of 15,623 m (137 holes) of reverse circulation development drilling, 678 m (9 holes) for core metallurgical drilling and 343 m (31 holes) of auger development drilling.  A summary of the 2019 drilling by areas is outlined below moving from east to west.  A total of 4,650 m of drilling was completed in 39 drill holes in the Lucky Zone and 7,854 m of drilling was completed in 65 drill holes in the Golden Zone, including drilling in the newly identified Golden Gap area that connects the Lucky and Golden Zones.  A total of 2,732 m of drilling was completed in 26 drill holes in the Fosters and Kokanee Zones, which included the newly identified Fosters Gap area that connects the Fosters and Kokanee Zones. An additional 7 holes totaling 387 m were drilled in the Camp Zone. A total of 118 drill hole encountered gold mineralization in excess of 0.25 g/t gold over 1.52m.

Highlighted drill intercepts from each zone include:

• 36.6 m of 1.73 g/t gold from a depth of 45.7m in drill hole RC19-2673 from the Lucky Zone;
  
  
• 12.2 m of 2.60 g/t gold from a depth of 22.9m in drill hole RC19-2624 from the Golden Zone;
  
  
• 27.4 m of 3.21 g/t gold from a depth of 1.5m in drill hole RC19-2573 from the Fosters Zone;
  
  
• 24.4 m of 0.61 g/t gold from a depth of 3.1m in drill hole RC19-2553 from the Camp Zone.

Reverse circulation development and core metallurgical drilling focused on the permitted portion of the Reserve Trend over a 3.5 km strike length to continue expanding the oxide gold resource within a section of the currently defined 9.5 km strike length of the greater Reserve Trend. The auger development drilling was located on the historic heap leach pad, which was operated by Viceroy Gold from 1996 through 2002. Previous work by Golden Predator has established that the materials on the heap leach pad still contain significant gold content.    

The 2019 development drill program focused on two structural zones within the Reserve Trend which were on strike with known gold mineralization but had not been drill tested effectively. These two zones, located between historic resource/mine areas, were the focus of the 2019 drilling and the results from both zones were better than expected with mineralized intercept in more than 86% of the 137 drill holes. Additional infill development drilling will be completed during the next phase of work.