Barrick Gold and Augusta Group Join Bullfrog Gold Corp. in Nevada - Seite 4

Donald Taylor has over 30 years of domestic and international mineral exploration experience taking projects from exploration to mining. He is the recipient of the 2019 Society of Mining, Metallurgy and Exploration’s Robert M. Deyer Award and the 2018 recipient of the Prospectors and Developers Association of Canada's Thayer Lindsley Award for the 2014 discovery of the Taylor lead-zinc-silver deposit. Mr. Taylor has worked extensively for large and small cap companies, including Arizona Mining, BHP Minerals, Bear Creek Mining, American Copper and Nickel, Doe Run Resources, Westmont Mining Company, Solaris Resources Inc. and Titan Mining Corp.

Following the Transaction, Bullfrog’s executive team will consist of members of the Augusta Group management team. Tyler Minnick will resign as Director of Administration & Finance. Alan Lindsay and Kjeld Thygesen will resign from the Board. Bullfrog wishes to thank Mr. Lindsay, Mr. Thygesen and Mr. Minnick for their many contributions to the Company.

The binding term sheet is subject to completion of definitive agreements within 30 days. The Acquisition Transaction and the Financing Transaction are inter-conditional. Closing of the Transaction is expected to follow in the fourth quarter of 2020, subject to customary conditions for a transaction of this nature.

Fort Capital Partners is acting as financial advisor, and Dumoulin Black LLP and Sichenzia Ross Ference LLP are acting as legal counsel to the Company in connection with the Transaction.

About Bullfrog Gold Corp.

Bullfrog Gold Corp. is a Delaware corporation that currently controls the commanding land and resource positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by mining and conventional milling beginning in 1989 and ending in 1999 when ore reserves were depleted. Measured and indicated 43-101 compliant resources were estimated in mid-2017 by Tetra Tech Inc. at 525,000 ounces of gold, averaging 1.02 gold g/t in base case plans of the MS and Bullfrog pits. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources were estimated at 110,000 ounces of gold averaging 1.2 g/t, of which most were in the Mystery Hill area adjacent to the Bullfrog pit and where 17 additional holes were recently drilled.