TORONTO, ON / ACCESSWIRE / February 26, 2020 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG), an exploration Company with key assets in Alaska, Nevada and Newfoundland & Labrador, is pleased to announce its participation at PDAC, the world's premier mineral exploration and mining conference.

Prospectors and Developers Association of Canada to be held March 1st to 4th, 2020 at the Metro Toronto Convention Centre. Avidian Gold will be in booth 2608 in the Investors Exchange area

Drilling Update:

Permitting is underway and drilling is expected to commence mid to late Q2 this year at the 100% owned Amanita Gold project located 5 km southwest and contiguous to Kinross's Fort Knox open-pit gold mine

High Tide Resources, a private company majority controlled by Avidian, with all permits granted will soon commence Phase 1 drilling at its Labrador West Iron Ore project located adjacent to IOC/Rio Tinto's massive 23 MTPY Carol Lake Mine in Labrador City, Labrador. The drilling will day-light a new iron ore deposit in the heart of Canada's leading iron ore camp and a maiden resource estimate is expected later this year.

Interested parties are encouraged to drop by the booth and meet the management and exploration team and learn more about our projects. Alternately, if you prefer to schedule a meeting, please contact Bonnie Hughes at bhughes@avidiangold.com or Steve Roebuck at sroebuck@avidiangold.com.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.

Avidian is the majority owner of High Tide Resources, a private company, that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.

Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.

For further information, please contact:
Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking information

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.

SOURCE: Avidian Gold Corp.

ReleaseID: 577960

Not for Distribution to U.S. News Wire Services or for Dissemination in the U.S.

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / NV Gold Corporation (TSXV:NVX)(OTC:NVGLF) ("NV Gold" or the "Company") is pleased to announce a non-brokered private placement of units of the NV Gold for gross proceeds of up to CDN$750,000 (the "Placement").

"After completing our geological models over the winter on priority projects to advance in 2020, we are pleased to be launching our spring exploration programs in Nevada over the next few weeks, commencing at the Slumber Gold Project. Our follow-up geophysical and drilling program planned for Slumber will be exciting, based on the positive results and modelling from the 2019 drilling program, which has identified a potential promising gold system at depth," commented Peter A. Ball, President and CEO of NV Gold. "We are also currently reviewing our Sandy Gold Project for its first exploration season during the summer of 2020, immediately after Slumber. Sandy was acquired in the fall of 2019 for staking costs only from our database, contains multiple historical holes intersecting >1 g/t gold, and is located in a newly active exploration camp, noting recent extensive staking was completed in the same valley by a newly listed gold focused development company. With a robust gold market, a tight share structure, and no debt, we are excited to have a busy exploration season ahead of us."

The Placement is an offering of up to 6,250,000 units (the "Units") at CDN$0.12 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.20 per share for 24 months from issue of the Units. A finder's fee is payable on subscriptions by certain of the subscribers of 7% of the cash proceeds paid by such subscribers and warrants to purchase 7% of the number shares issuable to such subscribers in respect of their subscriptions for Units.

Closing of the Placement is conditional on acceptance of the TSX Venture Exchange. The proceeds of the Placement will be used by the Company for the advancement of existing properties, potential acquisition of new properties, and for general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About NV Gold Corporation

NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries and project advancement. Leveraging its highly experienced in-house technical knowledge, NV Gold's geological team intends to utilize its geological databases, which contain a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused exploration programs. The Company currently has under 47 million shares outstanding, with close to 20% owned by NV Gold's management team.

On behalf of the Board of Directors,

Peter A. Ball
President and CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Peter A. Ball, President & CEO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the proposed raising of CDN$750,000 and the proposed uses of such funds and other future plans and objectives of the Company, including exploration plans, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

ReleaseID: 577937

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / PPX Mining Corp. (TSXV:PPX) (the "Company" or "PPX") is pleased to announce that it has closed the first tranche of the non-brokered private placement (the "Private Placement") previously announced on January 30, 2020 for up to 83,333,334 common shares of the Company (each, a "Share") at a price of CDN$0.06 per Share for gross proceeds of up to CDN$500,000.

Pursuant to the closing of the first tranche of the Private Placement, the Company issued 6,917,901 Shares for aggregate gross proceeds of CDN$415,074.06.

In consideration for introducing certain first tranche subscribers to the Private Placement, the Company is paying a cash finders' fee of CDN$33,205.92 to one arm's length finder, representing 8% of the total funds raised from subscribers introduced to the Company by such finder.

Securities issued to the placees under the Private Placement will be subject to a four-month hold expiring on June 26, 2020, in accordance with applicable Canadian securities laws. The Company intends to use the proceeds of the Private Placement for general working capital purposes.

The Company has received conditional acceptance from the TSX Venture Exchange for the Private Placement. The Company anticipates that it may close future tranches of the Private Placement in due course.

The Company also announces that, further to its news release dated January 30, 2020, the management cease trade order (the "MCTO") imposed by the British Columbia Securities Commission on January 29, 2020 remains effective. The Company confirms that there have been no material changes to the information contained in the initial announcement of the MCTO.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: brian.maher@ppxmining.com
Website: www.ppxmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company will be able to close future tranches of the Private Placement and that the Company will receive all required regulatory approvals in relation to the Private Placement.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, production, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in the Company receiving no further proceeds pursuant to the Private Placement and delays in regulatory approval in relation to the Private Placement, as well as the other risks and uncertainties applicable to financing, mineral exploration and development activities and to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

SOURCE: PPX Mining Corp.

ReleaseID: 577926

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Emgold Mining Corporation (TSXV:EMR)(OTC:EGMCF)(FRA:EMLM) ("Emgold" or the "Company") announces it has signed a Property Acquisition Agreement and will sell its Stewart and Rozan Properties, located in British Columbia, to Ximen Mining Corporation (TSXV: XIM, OTCQB: XXMMF, FRA: 1XMA) ("Ximen"). Ximen owns the former producing Kenville Gold Mine located in the Nelson Mining District as well as other properties in southern B.C. One of Ximen's goals is to bring the Kenville Gold Mine back into production.

Key points of the transaction include:

C$100,000 paid to Emgold in cash at closing;

1.275 million Ximen shares paid to Emgold at closing;

1.275 million share purchase warrants provided to Emgold at closing allowing Emgold to purchase common shares of Ximen at a price of C$0.45 per unit exercisable for a period of 3 years, increasing to C$0.55 per unit and exercisable in years 4 and 5;

Emgold will transfer any B.C. Portable Assessment Credits related to exploration on Stewart and Rozan to Ximen as part of the transaction.

Rozan is a 1,950 ha property located just to the southeast of the Kenville Property. Stewart is a 5,789 ha property located approximately 10 km south of the Kenville Property. Exploration by Emgold and others on Rozan had identified a number of gold targets and the geologic structures found at the Kenville Mine appear to trend southeast onto the Rozan Property. There Stewart Property is a polymetallic property with known occurrences of gold, silver, molybdenum, and tungsten defined by Emgold and others. The transaction is subject to TSX Venture Exchange approval.

David Watkinson, President and CEO of Emgold stated, "The sale of Rozan and Stewart is part of Emgold's strategy to focus its exploration efforts on properties located in Quebec and Nevada. Emgold is pleased to have monetized these assets through this transaction with Ximen. Ximen is focused on exploration in the Nelson mining district, and a share and warrant position in Ximen provides potential upside to our shareholders if Ximen is successful in bringing the Kenville Mine back into production, as well as through other endeavors they are working on."

About Emgold

Emgold is a junior gold and base metal exploration company focused on Nevada and Quebec, the #1 and #4 jurisdictions for mining investment according to the Fraser Institute's Annual Survey of Mining Companies, 2018. The Company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders. Emgold's assets include the New York Canyon Property, NV which is under an option to joint venture agreement with Kennecott Exploration Company, a subsidiary of Rio Tinto PLC's (LSE: RIO.L, ASE: RIO.AX, NYSE: RIO.N). Kennecott Exploration can earn up to a 75% interest in the property by expending US$22.5 million after which a joint venture will form. The Casa South Property, QC is adjacent and south of Hecla Mining Corporation's (NYSE: HL) operating Casa Berardi Mine. The Buckskin Rawhide East Property, NV is an inlying property to Rawhide Mining LLC's operating Rawhide Mine. The East-West Property, QC, 50% owned by Emgold, is adjacent to and on strike with Wesdome Gold Mine Ltd.'s (TSX: WDO) Kiena Complex (past producing Kiena Mine) and Osikso Mining Corporation's (TSX: OSK) Marban Block (past producing Marban, Norlartic, and Kierrans Mines). Note that the location of Emgold's properties adjacent to producing or past producing mines does not guarantee exploration success at Emgold's properties or that mineral resources or reserves will be defined. For more information on the Company, investors should review the Company's website at www.emgold.com or view the Company's filings available at www.sedar.com.

On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO

For further information, please contact:

David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: info@emgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note on Forward-Looking Statements

Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. The Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties.

SOURCE: Emgold Mining Corporation

ReleaseID: 577921

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRANKFURT:PH01) (the "Company" or "Great Atlantic") is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz vein system. The program was successful in intersecting gold bearing quartz veins within the JMZ, most being near surface within 100 meters vertical depth.

The 2019 drilling program consisted of 10 holes (including one hole stopped prematurely) totalling 1,063M. Drill core samples from seven holes exceeded 10 grams per tonne (g/t) gold.

Highlights of near surface gold intersections from the 2019 program include (core length):

GP19-137: 12.37 grams per tonne (g/t) gold over 1.90 meters

GP19-138: 113.07 g/t gold over 0.55 meters.

GP19-139: 15.80 g/t gold over 2.70 meters.

GP19-140: 2.30 g/t gold over 25.25 meters (includes 5 gold bearing veins)

GP19-144: 61.35 g/t gold over 2.04 meters.

GP19-145: 14.49 g/t gold over 1.52 meters.

All nine holes that were drilled to planned depths intersected quartz veins with plus / minus sulfide mineralization. Visible gold is present within quartz veins intersected in drill holes GP-19-138, GP-19-139, GP-19-140 and GP-19-144.

The Jaclyn Zone is located within the northern region of the Golden Promise Property and hosts five gold bearing quartz veins systems, being the JMZ, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone.

Nine drill holes (GP19-137, GP19-138, GP19-139, GP19-140, GP19-142, GP19-142B, GP19-143, GP19-144 and GP19-145) tested the west region of the JMZ within the conceptual open pit area. Drill hole GP19-141 tested the central and deeper part of the JMZ. Drill holes GP19-142 was stopped prematurely after only 16 meters and did not reach the target depth. All holes were drilled to the northwest (300 to 340 degrees azimuth) at dips of 50 to 80 degrees to intersect the gold bearing, northeast-east striking, southeast-dipping JMZ quartz vein system. Drill holes GP19-143 and GP19-145, drilled at approximately 300 degrees azimuth, were also designed to test for cross veins. The hole numbering system used was consistent with and continued from that used by previous explorers. The 2019 drilling program was managed by a Qualified Person.

The 2019 drilling confirmed multiple near-surface gold bearing quartz veins and high-grade gold in this part of the JMZ. Drill holes GP19-138 and GP19-143 intersected two gold bearing quartz veins with samples exceeding 10 g/t gold. Drill hole GP-19-140 intersected five gold-bearing quartz veins with samples from three veins exceeding 10 g/t gold. David Martin, VP Exploration for Great Atlantic Resources states, "the existence of multiple gold bearing veins in some drill holes, such as GP19-140, establishes the potential for local increased width and potential additional gold-bearing structures in this near-surface part of the JMZ."

GP19-144: 61.35 g/t gold over 2.04 meters (core length)

Significant gold intersections for the 2019 Phase I drilling program at the JMZ (Company News Releases of February 6, 12 and 19, 2020) include the following:

Hole No.

From (m)

To (m)

Length (m)

Au (g/t)

GP19-137

82.90

84.80

1.90

12.37

includes

82.90

83.60

0.70

11.09

includes

83.60

84.50

0.90

9.50

includes

84.50

84.80

0.30

24.00

GP19-138

18.50

19.05

0.55

113.07

GP19-138

47.10

47.37

0.27

93.96

GP19-139

97.50

100.20

2.70

15.80

includes

97.50

98.65

1.15

7.45

includes

99.40

100.20

0.80

42.35

GP16-140

51.80

77.05

25.25

2.30

includes

51.80

53.40

1.60

12.50

includes

57.48

58.16

0.68

3.06

includes

67.46

68.31

0.85

12.33

includes

70.15

71.05

0.90

8.68

includes

75.59

77.05

1.46

11.38

GP19-141

182.58

183.05

0.47

1.37

GP19-143

29.87

30.58

0.71

11.35

GP19-143

91.70

92.15

0.45

16.79

GP19-144

22.45

24.49

2.04

61.35

includes

22.45

22.88

0.43

1.55

includes

22.88

24.49

1.61*

77.32

GP19-145

38.10

39.62

1.52

14.49

includes

38.10

38.61

0.51

1.68

includes

38.61

39.62

1.01

20.96

* 31% core loss between 22.88-24.49 meters.

The lengths reported in the preceding table are core lengths and not true widths. Due to multiple gold bearing quartz veins intersected in this part of the JMZ, possible different vein orientations, and a slight reported change in the strike of the JMZ in this part of the zone, more information is required to estimate the true thickness of these vein intersections.

The drill core samples were analyzed at Eastern Analytical Ltd. Samples of main quartz veins and quartz veined zones were analyzed by the Total Pulp Metallics method. This involves crushing of the entire sample to -10 mesh and pulverizing to 95% -150 mesh. The total sample is then weighed and screened 150 mesh. The +150 mesh fraction is fire assayed for gold, and a 30 gram sub-sample of the -150 mesh fraction is fire assayed for gold. A calculated weighted average of total gold in the sample is reported as well (significant gold intersection values reported in this News Release). Samples of meta-sediment with +/- quartz veins were assayed for gold by fire assay (30-gram sub-samples) and analyzed for 34 elements (200-mg sub-samples totally dissolved in four acids and analyzed by ICP-OES). Eastern Analytical, a certified laboratory, is independent of Great Atlantic.

Gold bearing quartz vein in GP19-139: 15.80 g/t gold over 2.7 meters core length

Gold-bearing quartz veins in GP19-140: 2.30 g/t gold over 25.25 meters

Blank and standard samples were included with the drill core sample submissions to Eastern Analytical. Duplicate analysis was conducted for some samples.

The Jaclyn Zone has been the focus of multiple historic diamond drilling programs during 2002-2010 and a historic bulk sample program at the JMZ during 2010. Majority of the historic drilling was conducted at the JMZ. Great Atlantic's focus at the Jaclyn Zone since acquiring the property has been the JMZ and the area immediately east of and along projected strike of the Jaclyn North Zone. The Jaclyn North Zone gold bearing quartz vein system is located approximately 250 meters north of the JMZ. During 2017 Great Atlantic excavated high-grade quartz boulders in trenches east of and along projected strike of the Jaclyn North Zone (Great Atlantic News Release of August 31, 2017). Assays of quartz boulder samples excavated east of the Jaclyn North Zone included 163.99, 208.51 and 332.67 g/t gold. The area east of the Jaclyn North Zone and the JMZ remain high priority areas for Great Atlantic.

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the JMZ in late 2018 (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Resource

Cutoff Au g/t

Au Cap g/t

Au Uncap g/t

Tonnes

Au Ounces Capped

Au Ounces Uncapped

Total

1.1

9.3

10.4

357,500

106,400

119,900

Pit-Constrained

0.6

11.4

14.1

157,300

57,800

71,200

Underground

1.5

7.5

7.6

200,200

48,600

48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID2) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

The Golden Promise Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Minerals Corp. (SIC) at the Moosehead Gold Project and Marathon Gold Corp. (MOZ) at the Valentine Gold Project. Readers are warned that mineralization at the Moosehead Property and Valentine Gold Project is not necessarily indicative of mineralization on the Golden Promise Property.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Great Atlantic Resources Corp.

ReleaseID: 577927

SAN FRANCISCO, CA / ACCESSWIRE / February 26, 2020 / Hagens Berman urges investors in Geron Corporation (NASDAQ:GERN) who have suffered significant losses to submit their losses now to learn if they qualify to recover their investment losses. The Lead Plaintiff deadline is March 23, 2020 and certain investors may have valuable claims.

Class Period: Mar. 19, 2018 – Sept. 26, 2018

Lead Plaintiff Deadline: Mar. 23, 2020

Sign Up: www.hbsslaw.com/investor-fraud/GERN

Contact An Attorney Now: GERN@hbsslaw.com

844-916-0895

Geron Corporation (GERN) Securities Class Action:

The complaint alleges that Geron misled investors about the results of a clinical study of Imetelstat, the Company's core drug intended to treat certain bone marrow cancers. According to the complaint, Geron touted its development of Imetelstat in partnership with Janssen Biotech Inc. ("Janssen"), a division of Johnson & Johnson, while allegedly concealing that Imetelstat provided minimal benefits to patients with myelofibrosis cancer.

The truth emerged on Sept. 27, 2018, when Geron disclosed disappointing efficacy data and that its deep-pocketed commercial partner, Janssen, terminated its partnership with Geron.

This news caused the price of Geron's shares to decline sharply.

"We're focused on investors' losses and proving Geron misled investors by promoting Imetelstat while concealing material efficacy data," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Geron Corporation and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Geron Corporation should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GERN@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers, and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news, visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
P: 844-916-0895
E: SPR@hbsslaw.com

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 577917

GreenPower's Purpose Built, All Electric Min-E Shuttle Shines in Transit's Most Rigorous Test

LOS ANGELES, CA / ACCESSWIRE / February 26, 2020 / GreenPower Motor Company Inc. (TSX-V:GPV) (OTCQB:GPVRF) ("GreenPower") a leading designer, manufacturer and distributor of a diverse line of electric powered buses for the transit, shuttle, tourist and school sectors announced that its EV Star, a purpose built, all electric, Class 4 passenger shuttle, has completed the Federal Transit Authority's (FTA) Altoona testing, and is currently waiting for the final report and certification from Altoona.

Altoona testing is designed to determine how well the vehicle will withstand the grueling requirements of transit duty. It focuses on aspects such as maintainability, reliability, safety, performance, structural integrity, energy economy, noise, and emissions. Traditionally, potential buyers look at an Altoona tested vehicle with a sense of comfort knowing that its design has been rigorously tested. Widely considered the gold standard of how transit properties perceive a product's viability, the Altoona test is required by the FTA for transit properties to leverage coveted federal funding incentives for vehicle purchases.

"Upon successful Altoona certification we believe the EV Star will be viewed as a leading solution for transit properties who are looking to reduce emissions and lower operational costs. More importantly, Altoona certification will allow transit properties in all 50 states to utilize federal funding to subsidize the purchase of the EV Star," stated Ryne Shetterley, Vice President of Sales and Marketing at GreenPower. "The FTA's 2020 grant programs provide over $8 billion of funding, a significant portion of which is available to fund bus purchases, and when paired with Buy America Compliance the FTA will fund 80% of the cost of a new vehicle. We are working towards achieving Buy America compliance and Altoona certification for the EV Star in order to dramatically expand our access to transit authorities across the United States."

"Achieving Altoona certification is a monumental leap forward for GreenPower's position within our industry," commented Brendan Riley, President of GreenPower, "We believe our product is superior and receiving Altoona certification on the EV Star dramatically improves our ability to market this vehicle and move GreenPower to the next level."

The 25-foot EV Star is an all-electric, zero emission bus that seats up to 19 passengers with an operational range of up to 150 miles. The EV Star comes with a standard J1772 level 2 and CCS DC level 3 fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle. The versatile vehicle can be used for micro-transit services, paratransit, vanpool, shuttle, school, employee transportation, tourist operations or cargo transport.

For further information contact:

Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
GreenPower Investor Relations
(949) 444-1341

About GreenPower Motor Company Inc.

GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com

Forward-Looking Statements

This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future event, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict such as whether achieving Altoona certification will dramatically improve our ability to market the EV Star, or whether the EV Star will be viewed as a leading solution for transit properties looking to reduce emissions or lower their operational costs, or whether GreenPower will achieve Buy America compliance for the EV Star, or are beyond GreenPower's control, such as whether the EV Star receives final certification from Altoona. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All amounts in U.S. dollars.© 2020 GreenPower Motor Company Inc. All rights reserved.

SOURCE: GreenPower Motor Company Inc

ReleaseID: 577931

SAN FRANCISCO, CA / ACCESSWIRE / February 26, 2020 /  Hagens Berman urges investors in Sasol ADRs (NYSE:SSL) who have suffered significant losses to submit their losses now. A securities class action has been filed and certain investors may have valuable claims.

Class Period: Mar. 10, 2015 – Jan. 13, 2020

Lead Plaintiff Deadline: Apr. 6, 2020

Sign Up: www.hbsslaw.com/investor-fraud/SSL

Contact An Attorney Now: SSL@hbsslaw.com

844-916-0895

Sasol Limited (SSL) Securities Class Action:

According to the Complaint, Defendants misled investors by misrepresenting and failing to disclose that; (1) Sasol conducted insufficient due diligence into, and did not account for multiple issues with, Sasol's Lake Charles chemical plant ("LCCP"), as well as its true cost; (2) construction and operation of the LCCP was plagued by control weaknesses, delays, rising costs, and technical issues; and (3) Sasol's top-level management exacerbated these issues by engaging in improper and unethical behavior concerning financial reporting for, and oversight of, the LCCP.

Investors began to learn the truth through a series of disclosures, including on May 22, 2019, when Sasol abruptly raised the project's cost estimate by $1 billion and disclosed an internal review into the project's costs and construction schedule. The company admitted to weaknesses in the project's integrated controls, as well as significant additional concerns related to the project's forecasting process.

Then, on Oct. 27, 2019, Sasol terminated its co-CEOs following an internal probe showing that the Lake Charles project management team acted inappropriately, lacked experience, and was overly focused on maintaining cost and schedule estimates instead of providing accurate information.

Finally, on Jan. 13, 2020, Sasol disclosed an explosion and fire at its Lake Charles project's low-density polyethylene unit, requiring the company to shut down the unit.

Each of these disclosures caused the price of Sasol ADRs to decline sharply.

"We're focused on investors' losses and proving Sasol misled investors about the Lake Charles project's cost, timing and internal controls," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased Sasol ADRs and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Sasol should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email SSL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 577916

NEW YORK, NY / ACCESSWIRE / February 26, 2020 / Rhombus, the leading platform for advertising around social embeds, today announced Arton Gjonbalaj as its new Director of Brand Partnerships. At Rhombus, Arton is responsible for building new client relationships as well as growing relationships with existing clients. To date, Arton has helped Rhombus forge new relationships with leading brand advertisers such as Disney, Jimmy John's, Omni Hotels & Resorts, and others. Within the past month, Rhombus has significantly bolstered its leadership team, announcing Jeff Rich as EVP of Revenue, Mike Garite as Vice President or Product and Katie Black as Director of Publisher Development.

"We're constantly looking to strengthen our team with the industry's best and brightest in digital, social and ad tech–those who understand the complex nuances of our converging ecosystem and can clearly articulate how Rhombus addresses its clients' challenges," said Jeff Rich, EVP of Revenue at Rhombus. "Arton is exactly the type of consultative expert who can successfully guide brands through the convergence of social and digital as Rhombus expands its portfolio of solutions."

Prior to Rhombus, Arton served various leadership roles focused on business development and brand partnerships at both emerging startups as well as established industry players, including Imgur, Say Media (acquired by Maven in 2018), Interactive One, and Olapic (acquired by Monotype for $130M in 2016). Throughout his career, Arton became a critical player in expanding his companies' national footprint with agencies and blue chip advertisers by bringing them solutions that solved their most pressing business challenges. Not only did Arton bring the largest digital-led brand direct partnership in Interactive One's history, he also introduced the first private marketplace (PMP) programmatic deals at both Interactive One and SAY Media, opening up new revenue sources.

"As an ambassador to brands, it's important to me to surface client solutions that not only solve their challenges but also bring innovation to the table," said Arton Gjonbalaj, Director of Brand Partnerships at Rhombus. "From Day 1 at Rhombus, I was excited to call on the network I've built over the past eight years because Rhombus has truly developed the most simple, brand-safe solution out there that allows advertisers to engage with consumers in real-time during the most relevant, trending moments. I look forward to working with the team to help Rhombus's platform realize its endless potential for innovation."

To learn more, email contact@rhombusads.com.

About Rhombus

Rhombus is the only provider of social embed data for marketers and publishers. Its platform enables brands to target ads around contextually relevant social embeds. For its publishing partners, Rhombus offers a way to monetize the social embeds already living on their pages.

RHOMBUS

Buy Social. On Digital.

To learn more, email contact@rhombusads.com or visit www.rhombusads.com

Arton Gjonbalaj, Director of Brand Partnerships at Rhombus

CONTACT INFORMATION

Nikki Reyes
WIT Strategy for Rhombus
nreyes@witstrategy.com
(408) 499-0033

SOURCE: Rhombus

ReleaseID: 577864

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Sarama Resources Ltd. ("Sarama" or the "Company") (TSX-V:SWA) advises that an updated mineral resource estimate has been compiled on the Karankasso Project (the "Project"), located in south-west Burkina Faso (refer Figure 1). The Project is a joint venture between Sarama and Semafo Inc ("Semafo"), with the parties holding approximate interests of 20% and 80% respectively.

The updated mineral resource estimate of 12.74Mt @ 1.73g/t for 709koz Au(4) (reported using a US$1,500/oz gold price assumption) was fully compiled by, or under the supervision of, Semafo in its capacity as operator of the joint venture. The previous mineral resource estimate of 12.3Mt @ 2.03g/t Au for 805koz Au(3) was compiled by Savary Gold Corp ("Savary") and published in November 2017 (reported using a US$1,250/oz gold price assumption). Savary was acquired by Semafo in April 2019 and was the operator of the joint venture and fully compiled, or supervised, the compilation of the November 2017 mineral resource estimate.

In the interests of clarity, Sarama notes that in conjunction with the updated mineral resource estimate for the Karankasso Project, Semafo also reported(7) an update of the mineral resource estimate on its adjacent, 100%-owned Bantou Property of 38.37Mt @ 1.24g/t Au for 1.535Moz Au.

In conjunction with the updates to the mineral resource estimates, Semafo reported(7) selected recent exploration results from satellite prospects within the joint venture project area, including 21m @ 14.63g/t Au from 63m (KARC19-0127) at the Tiébi Zone, situated at the northern extremities of the Karankasso Project. Sarama notes Semafo's commentary on the 2020 exploration program which indicates that the Tiébi Zone will be a key focus for the Project exploration.

Sarama's President and CEO, Andrew Dinning, commented:

"Sarama is pleased that the Karankasso Project's mineral resource estimate has been reviewed and revised. The recent high-grade drill results at the Tiébi Zone and other areas within the joint venture between Sarama and Semafo are encouraging and we look forward to further exploration success. The higher grades being realised should result in feed from the Karankasso Project being brought to account earlier in a potential regional development scenario."

For further information on the Company's activities, please contact:
Andrew Dinning or Paul Schmiede
e: info@saramaresources.com
t: +61 (0) 8 9363 7600

Figure 1 – Sarama's Principal Property Interests(1,2,4,5) in the Southern Houndé Belt

ABOUT SARAMA RESOURCES LTD

Sarama Resources Ltd (TSX-V: SWA) is a West African focused gold explorer and developer with substantial landholdings in south-west Burkina Faso. Sarama is focused on maximising the value of its strategic assets and advancing its key projects towards development.

Sarama's South Houndé and ThreeBee Projects, in which the Company holds a 100% interest(5) , are located within the prolific Houndé Greenstone Belt in south-west Burkina Faso and are the exploration and development focus of the Company. Its exploration programs have successfully discovered an inferred mineral resource of 2.1Moz gold(1) at the South Houndé Project which is complemented by the ThreeBee Project's Bondi Deposit(5) (historical estimate of mineral resources of 0.3Moz Au measured and indicated and 0.1Moz Au inferred(2).

Together, the projects form a cluster of advanced gold deposits, within trucking distance of one another, which potentially offers a development option for a central processing facility fed from multiple sources in the southern Houndé Belt region of Burkina Faso.

Sarama has built further optionality into its portfolio including a 600km² exploration position in the highly prospective Banfora Belt in south-western Burkina Faso. The Koumandara Project hosts several regional-scale structural features and trends of gold-in-soil anomalism extending for over 40km along strike.

Sarama holds approximately 20% participating interest in the Karankasso Project Joint Venture ("JV") which is situated adjacent to the Company's South Houndé Project in Burkina Faso and is a JV between Sarama and Semafo Inc ("Semafo") in which Semafo is the operator of the JV. In February 2020, Semafo declared an updated inferred mineral resource estimate of 709koz gold(4) for the Karankasso Project JV.

The Company's Board and management team have a proven track record in Africa and a strong history in the discovery and development of large-scale gold deposits. Sarama is well positioned to build on its current success with a sound strategy to surface and maximise the value of its property portfolio.

FOOTNOTES

1.     South Houndé Project – 43.0Mt @ 1.5g/t Au (reported above cut-off grades ranging 0.3-2.2g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the inferred mineral resources having reasonable prospects for eventual economic extraction). This mineral resource contains an oxide and transition component of 16.0Mt @ 1.2g/t Au for 611koz Au (reported at a cut-off grade of 0.3g/t Au for oxide and 0.8g/t Au for transition material). The effective date of the Company's inferred mineral resource estimate is February 4, 2016. For further information regarding the mineral resource estimate please refer to the technical report titled "NI 43-101 Independent Technical Report South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso", dated March 31, 2016 and prepared by Adrian Shepherd. Adrian Shepherd is an employee of Cube Consulting Pty Ltd and is independent of Sarama. The technical report is available under Sarama's profile on SEDAR at www.sedar.com

2.     Bondi Deposit – 4.1Mt @ 2.1g/t Au for 282,000oz Au (measured and indicated) and 2.5Mt @ 1.8g/t Au for 149,700oz Au (inferred), reported at a 0.5 g/t Au cut-off.

i.     The historical estimate of the Bondi Deposit reflects a mineral resource estimate compiled by Orezone Gold Corporation ("Orezone") which has an effective date of February 20, 2009. The historical estimate is contained in a technical report titled "Technical Report on the Mineral Resource of the Bondigui Gold Project", dated date of February 20, 2009 and prepared by Yves Buro (the "Bondi Technical Report"). Yves Buro is an employee of Met-Chem Canada Inc and is independent of Orezone and Sarama. The technical report is available under Orezone's profile on SEDAR at www.sedar.com

ii.    Sarama believes that the historical estimate is relevant to investors' understanding of the property, as it reflects the most recent technical work undertaken in respect of the Bondi Deposit.

iii.   The historical estimate was informed by 886 drillholes, assayed for gold by cyanidation methods, were used to interpret mineralised envelopes and geological zones over the area of the historical estimate. Gold grade interpolation was undertaken using ID² methodology based on input parameters derived from geostatistical and geological analyses assessments. Field measurements and geological logging of drillholes were used to determine weathering boundaries and bulk densities for modelled blocks.

iv.    The historical estimate uses the mineral resource reporting categories required under National Instrument 43-101.

v.     No more recent estimates of the mineral resource or other data are available.

vi.    Sarama is currently undertaking the necessary verification work in the field and on the desktop that may support the future reclassification of the historical estimate to a mineral resource.

vii.   A qualified person engaged by Sarama has not undertaken sufficient work to verify the historical estimate as a current mineral resource and Sarama is therefore not treating the historical estimate as a current mineral resource.

3.     Karankasso Project previous mineral resource estimates – the previous mineral resource estimate for the Karankasso Project of 12.3Mt @ 2.03g/t Au for 805koz Au (effective date October 5, 2017) and was disclosed on November 1, 2017 by Savary Gold Corp ("Savary" and since acquired by Semafo Inc "Semafo"). For further information regarding that mineral resource estimate, refer to the news release "Savary Gold Announces Updated Mineral Resource Estimate for Karankasso JV Project", dated November 1, 2017. The news release is available under Savary's (now Semafo Inc's) profile on SEDAR at www.sedar.com. The mineral resource estimate was prepared by Eugene Puritch, Yungang Wu and Antoine Yassa. Eugene Puritch, Yungang Wu and Antoine Yassa are employees of P&E Mining Consultants Inc. and are independent of Savary and Sarama. Sarama has not independently verified Savary's mineral resource estimate and takes no responsibility for its accuracy. Semafo is the operator of the Karankasso Project JV and Sarama is relying on their Qualified Persons' assurance of the validity of the mineral resource estimate. Additional technical work has been undertaken on the Karankasso Project since the effective date, including but not limited to, metallurgical testwork, exploration drilling and mineral resource estimation, but Sarama is not in a position to quantify the impact of this additional work on the mineral resource estimate referred to above.

The effective date of the most recent Karankasso Project JV mineral resource estimate that is supported by a technical report is October 7, 2015. For further information regarding that mineral resource estimate please refer to the technical report titled "Technical Report and Resource Estimate on the Karankasso Project, Burkina Faso", dated October 7, 2015 and prepared by Eugene Puritch and Antoine Yassa. Eugene Puritch and Antoine Yassa are employees of P&E Mining Consultants Inc. and are independent of Savary and Sarama. The technical report is available under Savary's (now Semafo Inc's) profile on SEDAR at www.sedar.com Sarama has not independently verified Savary's mineral resource estimate and takes no responsibility for its accuracy. Semafo is the operator of the Karankasso Project JV and Sarama is relying on their Qualified Persons' assurance of the validity of the mineral resource estimate. Additional technical work has been undertaken on the Karankasso Project since the effective date, including but not limited to, metallurgical testwork, exploration drilling and mineral resource estimation, but Sarama is not in a position to quantify the impact of this additional work on the mineral resource estimate referred to above.

4.     Karankasso Project current mineral resource estimate – the current mineral resource estimate for the Karankasso Project of 12.74Mt @ 1.73g/t Au for 709koz Au (effective date of December 31, 2019) was disclosed on February 24, 2020 by Semafo Inc ("Semafo"). For further information regarding that mineral resource estimate, refer to the news release "Semafo: Bantou Project Inferred Resources Increase to 2.2Moz" dated February 24, 2020. The news release is available under Semafo's profile on SEDAR at www.sedar.com. The mineral resource estimate was fully prepared by, or under the supervision of Semafo. Sarama has not independently verified Semafo's mineral resource estimate and takes no responsibility for its accuracy. Semafo is the operator of the Karankasso Project JV and Sarama is relying on their Qualified Persons' assurance of the validity of the mineral resource estimate. Additional technical work has been undertaken on the Karankasso Project since the effective date but Sarama is not in a position to quantify the impact of this additional work on the mineral resource estimate referred to above.

5.     The ThreeBee Project comprises the Djarkadougou, Botoro, Bamako 2(6) and Nakar (formerly Bouni)(6) Properties and Sarama has, or is entitled to have, a 100% interest in each of the properties. The Djarkadougou Exploration Permit is going through a process with the government of Burkina Faso where it is required it be re-issued as a new full-term exploration permit. The Company is in discussion with senior government officials regarding certain impediments to the re-issue of the Exploration Permit and anticipates these discussions will be completed in due course, though there can be no assurance that the process will be successfully completed on a timely basis, or at all.

6.     For further information regarding the drilling on the Bamako 2 (formerly Bamako) and Nakar (formerly Bouni) Properties, please refer to the technical report titled "NI 43-101 Independent Technical Report South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso", dated October 28, 2013 and prepared by Adrian Shepherd. Adrian Shepherd is an employee of Cube Consulting Pty Ltd and is considered independent of Sarama. The technical report is available under Sarama's profile on SEDAR at www.sedar.com

7.     Semafo Inc news release dated February 24, 2020.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this disclosure that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the potential for the Karankassom South Houndé and ThreeBee Projects to host mineralization of economic significance, any potential development of a central processing facility as part of regional project development, the potential for the receipt of regulatory approvals, the potential of the projects to host mineralization of significance to support regional development plans, the timing and prospects for the re-issuance of the Djarkadougou Exploration Permit by the Government of Burkina Faso, plans for exploration and development at the South Houndé, ThreeBee and Karankasso Projects, the potential to expand the present oxide component of the existing estimated mineral resources at the South Houndé Project and the reliability of the historical estimate of mineral resources at the Bondi Deposit.

Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; Mineral Resources are not Mineral Reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to Mineral Reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

QUALIFIED PERSONS' STATEMENT

Scientific or technical information in this disclosure that relates to exploration activities on the Company's properties in Burkina Faso is based on information compiled or approved by Guy Scherrer. Guy Scherrer is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Guy Scherrer consents to the inclusion in this disclosure of the information, in the form and context in which it appears.

Scientific or technical information in this disclosure that relates to the preparation of the South Houndé Project mineral resource estimate is based on information compiled or approved by Adrian Shepherd. Adrian Shepherd is an employee of Cube Consulting Pty Ltd and is independent of Sarama Resources Ltd. Adrian Shepherd is a Chartered Professional Member in good standing of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Adrian Shepherd consents to the inclusion in this disclosure of the information, in the form and context in which it appears.

Scientific or technical information in this disclosure, in respect of the Bondi Deposit relating to mineral resource and exploration information drawn from the Technical Report prepared for Orezone on that deposit has been approved by Guy Scherrer. Guy Scherrer is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Guy Scherrer consents to the inclusion in this disclosure of the information, in the form and context in which it appears.

Scientific or technical information in this disclosure that relates to the quotation of the Karankasso Project's mineral resource estimate and exploration activities is based on information compiled by Paul Schmiede. Paul Schmiede is an employee of Sarama Resources Ltd and is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy. Paul Schmiede has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Paul Schmiede consents to the inclusion in this disclosure of the information, in the form and context in which it appears. Paul Schmiede and Sarama have not independently verified Savary's or Semafo's mineral resource estimates and take no responsibility for their accuracy.

SOURCE: Sarama Resources Ltd.

ReleaseID: 577955