Signature Announces Significant Update to Its Gold Assay Results From Its Successful Lingman Lake Exploration Program - Seite 2

FR-053 1.025 FR-051 0.113 FR-018 0.112    

*Grab samples: are typically first pass samples and are selective to observed mineralization. At a reconnaissance prospecting stage, this type of sample is often the only type that can be collected.

Figure 1 - LINGMAN LAKE TARGET MAP.

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Although areas 2 and 5B were prospected, time limitations and overburden conditions hampered prospecting. These areas remain high priority and will be explored in the future.

Area 4 is a high priority area away from the north granite-volcanic contact. Instead it is a structurally complex fold closure zone. The area was not investigated as a suitable helicopter landing site was not available. This area will be prospected in the future and will require an overland access route.

Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed, and approved by Walter Hanych, P.Geo. who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Signature
The Lingman Lake gold property consists of 622 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 12,148 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com