Clarity Gold Forms Advisory Board and Appoints First Member

VANCOUVER, BC, July 31, 2020 /PRNewswire/ -- Clarity Gold Corp. ("Clarity" or the "Company") (CSE: CLAR, FSE: 27G) announces that its Board of Directors has formed an Advisory Board and has named accomplished mining sector professional, Ian Graham as its first member. Mr. Graham has over 20 years of experience in the development and exploration of mineral projects. His expertise in corporate transactions, project evaluations, and exploration will be an asset to Clarity.

"Ian's extensive experience is invaluable for the current growth stage of the Company," said James Rogers, CEO of Clarity. "We are pleased to welcome someone of his caliber to add to the strength of our team, we look forward to working closely to increase the quality of our exploration efforts and maximize the value for our shareholders."

Mr. Graham's experience is mostly at major mining companies, namely Rio Tinto and Anglo American, including as Chief Geologist with the Project Generation Group at Rio Tinto. He has been involved with evaluation and pre-development work on several projects in Canada and abroad, including Resolution Copper (Arizona, USA), Diavik Diamond Mine (Northwest Territories, Canada), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Mr. Graham's experience in the junior sector are mostly in C-level positions and includes exploration startups that have made new discoveries or acquired overlooked discoveries in base and precious metals and industrial commodities (graphite, potash). He is a passionate believer in the positive social and economic benefits of responsible resource development and is a proponent for the deployment of venture capital for the expansion of the global resource base. Ian studied Geology at the University of Regina and earned a BSc (Hons) in Geology at the University of KwaZulu Natal in South Africa.

"I look forward to contributing to Clarity as the company works toward reaching its corporate milestones," Mr. Graham stated. "Clarity has a solid team and I'm honoured to help the Company continue creating value for its shareholders."

Issuance of Options

The Company is also pleased to announce that it has granted incentive stock options (each, an "Option") to acquire an aggregate of 100,000 common shares of the Company (each, a "Share") to certain consultants under its stock option plan. Each Option is exercisable for a period of three years expiring on July 31, 2023 at a price of $1.00 per Share. The Options are subject to vesting provisions, with one-third vesting on the date of grant, one-third on the first anniversary of the date of grant and the remaining one-third on the second anniversary thereof.