Due Diligence Conducted on Cocula Gold Project Mexico - Seite 2

Check sampling conducted by Ing. Humberto Hernandez, Geological Engineer, member of Asociación de Ingenieros Mineros, Metalúrgistas y Geólogos de México, has confirmed grades of 5.663 g/t gold over 6 metres and 4.322 g/t gold over 8 metres in quartz breccia bodies which also contain galena and sphalerite.

Samples have also been collected for preliminary metallurgical testing to assist the Company in identifying potential opportunities for a leaching and/or a flotation operation. Some of the extraction processes being considered could involve the use of the recently optioned SDA plant in Acaponeta.  This work is being overseen by Ing. Gerardo Moreno, Geological Engineer and Miner, of Grupo Constructor Germo based in Durango, Mexico.

The Cocula Project area is located within the Ameca Mining District of Jalisco State which is home to Agnico Eagle’s El Barqueño Project and Endeavor Silver’s Terronera Project.

Please see News Release No. 084 dated September 10^th, 2020 and http://www.candentegold.com/s/cocula.asp?ReportID=885846 for further details on the Cocula Project.

About Candente Gold

Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signifies an important first step.

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen our efforts to explore and potentially mine. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico.  The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)