12 Exploration Commences Fully Funded Gold Exploration Program at the Nassau Gold Project in Suriname - Seite 3

Carbonara Target
This is an area of recent placer mining that started a few years ago in the northeast part of the project (Exhibit 2). The geologic ingredients are a northwest-trending positive topographic anomaly (possibly silica alteration) with a coincident magnetic anomaly. Placer gold mining is following northeast-trending structures draining off the northwest-trending topographic/magnetic anomaly suggesting a dominant northwest structure with conjugate northeast structure which is an ideal setting for gold deposits in Suriname. A prospector made a short reconnaissance visit to the southeast end of the target in 2018 and collected 19 rock samples which contained up to 130 ppb gold. An exploration grid consisting of 40 kilometres of baseline and cross lines, covering an area of 3 square kilometres or 300 hectares, will be established and followed up by geological mapping and auger sampling supervised by a geologist. Geochemical anomalies would quickly be followed up with diamond drilling.

Witlage Target
The Witlage Target (Exhibit 2) is an area of about 200 hectares where bedrock has been exposed by informal gold miners and where numerous rock samples contain more than 1 gram gold per tonne (Exhibit 2). The highest grade rock sample of a quartz vein in the area is 49.8 grams gold per tonne. New exposures of bedrock from informal mining will be mapped and sampled in detail and then an exploration grid will be established for auger sampling, trenching, and diamond drilling.

LiDAR Survey
A LiDAR (“Light Detection and Ranging”) survey, employing an airborne laser transmitter and receiver has been commissioned to cover the entire property. It is expected that the LiDAR survey of the Nassau gold project will commence on or about September 1, 2020, such that these data will be merged and interpreted at the same time the data is being collected at the Marinara, Pici, Witlage, and Carbonara targets. It is also anticipated that the LiDAR survey will define new targets for exploration.

About 12 Exploration
12 Exploration, through its wholly owned subsidiary 79North, is led by a team with extensive mineral exploration expertise and a track record of discoveries and exits in South America and globally. 79North currently holds an indirect interest in mineral concessions in northern Suriname and aims to become the premier junior exploration company in this under explored district of the prolific Guiana Shield. 79North’s growing portfolio of high-quality targets which have not undergone modern exploration or drilling have a long history of artisanal mining and are strategically located in close proximity to modern gold mines operated by major mining companies. 12 Exploration is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. 12 Exploration has 85,878,941 common shares issued and outstanding and 140,823,931 common shares on a fully diluted basis.