Scottie Resources Reports 10.7 g/t Gold and 31.2 g/t Silver Over 2.77 Metres at Scottie Gold Mine O-Zone - Seite 2

  25.81 44.85 19.04 2.26 6.53 including 26.23 29 2.77 10.7 31.2 and 40.28 44.85 4.57 2.45 3.04

Table 1: 2020 O-Zone drill results. *True width is estimated to be 80-90% of interval width. **Previously released hole (October 6, 2020).

Scottie Gold Mine - O-Zone

The Scottie Gold Mine, which operated from 1981 to 1985, milled vein material averaging 16.2 grams per tonne of recovered gold, producing 95,426 ounces of gold from 183,147 tonnes of mineralization. The O-Zone is the northern most of 6 parallel mineralized structures identified during operation of the past-producing Scottie Gold Mine, and it contained some of the highest-grade intercepts from the mine, including 107 g/t gold over 4.18 metres. The near surface target saw only negligible production prior to the mine shutting down in 1985, and despite its exceptional gold grades has seen no exploration drilling prior to the Company’s involvement.

Figure 1: Long-section view of the O-Zone is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ba5298-0d43-42cc ...

The 2021 drill program for Scottie Resources will continue to step out from mineralization around the O-Zone, testing for high-grade ore shoots similar to those observed in the adjacent M-Zone. Drilling will commence as soon as the melting snowpack permits, estimated to be in early-July.

Figure 2: Drill core from hole SR20-27 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca6e59ed-7437-438e ...

Quality Assurance and Control

Results from samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Company personnel under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.