REPEAT – Canadian GoldCamps Corp. Acquires Central Newfoundland Gold Belt Licenses; Appoints Keats as Advisor - Seite 3

Transaction Details

The seven properties, which cover approximately 3,025 acres, are being acquired for total consideration of $20,000 in cash and 1.143 million shares. The acquisition is subject to certain approvals, including regulatory approval. The properties are subject to a 2% royalty, of which 1% may be repurchased for $1 million any time prior to the commencement of commercial production. All values are in Canadian dollars.

Qualified Persons Review

The technical and scientific information contained within this news release has been reviewed and approved by Bob Komarechka, P.Geo., a director of Canadian GoldCamps Corp. and Qualified Person as defined by National Instrument 43-101 policy.

References:

¹ As reported by New Found Gold Corp. on January 28, 2020. Link to news release.

² Quinlan, Roland and Marilyn, 2015: First year assessment report of prospecting and geochemical investigations on license #22216M. The Golden Bullet Extension Property, Glenwood Area, East Central Newfoundland. Newfoundland and Labrador Department of Natural Resources, Geological Survey 002D/15/0916.

³ Christopher, T, 2011: First year assessment report on prospection, rock and soil sampling on the Wings Point South Property, licence 17995M, NTS 2E/02, Newfoundland and Labrador. Assessment Report [002E/02/1803].

⁴ Squires, G C, 2005: Gold and antimony occurrences of the exploits subzone and gander zone: a review of recent discoveries and their interpretation. In Current Research, Mineral Deposits Section, Department of Natural Resources, Government of Newfoundland and Labrador Report 05-1, pages 223-237.

⁵ Smith, R., Butler, Jr., R. and Churchill, R. 2003: First, second and fifth year assessment report on prospecting, trenching, and geochemical sampling on the Mustang Trend, Botwood Basin, Central Newfoundland. Confidential report for Altius Resources Incorporated. Newfoundland and Labrador Department of Natural Resources, Geological Survey, Open File, NFLD/2813.

On behalf of the Board of Directors,

Alex Terentiew, President & Chief Executive Officer.

About Canadian GoldCamps Corp.

Canadian GoldCamps is a Canadian-based gold exploration and development company established to provide investors with exposure to the best opportunities that the next generation of Canadian gold discoveries may present. The Company is intent on being proximal to large new discoveries with a commanding position in these highly active gold camps, as well taking commanding positions in belts that possess all of the ingredients for the next major Canadian gold discovery.

For further information, please contact:

Canadian GoldCamps
Alex Terentiew
President and CEO
647-640-2141 | [e-mail]

Forward Looking Statements

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The historic values stated within this press release have not, at this time, been validated by a qualified person. At this time potential quantity and grade is conceptual in nature, insufficient exploration has been done to define a mineral resource and it is uncertain if a mineral resource will be delineated. The Company disclaims any intention or obligation to revise or update such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.