Green Springs Gold Project Ongoing Drill Program

VANCOUVER - Contact Gold Corp. reported results from the first 3 drill holes of the ongoing 2020 drill program at the Green Springs gold property. To date, 4,941 meters have been completed in 7 core holes and 27 RC drill holes. Results are pending for an additional 31 holes as of the date of this release. A further 2,400 meters of drilling are currently planned for the remainder of 2020 at Green Springs.

Echo Zone Drill Highlights: 2.18 g/t oxide Au over 28.9m in hole GS20-02, 91% Cyanide recovery, Including 3.7 g/t Au over 15.2m, GS20-02 extends gold mineralization intercepted in GS19-09 eastward by 20m; and 0.44 g/t oxide Au over 28.9m in hole GS20-03, 90% Cyanide recovery, GS20-03 extends the footprint of oxide gold mineralization at Echo Zone by 75m to the south.

"We are excited to start this year's Green Springs program with continued drilling success intercepting oxide gold at the Echo Zone," said Matt Lennox-King, CEO. "The high grades and thick intervals from the first holes in this year's program present a compelling case for making new discoveries at Green Springs as we continue to expand this year's program to additional target areas. After an initial slow assay turn around, we anticipate having a steady flow of assay results from Green Springs through the end of Q4 and into Q1 2021."

Echo is the highest-grade zone of gold mineralization encountered in drilling at Green Springs. This gold mineralization is hosted at the Chainman Shale - Joana Limestone contact, within highly altered shale and jasperoid. Mineralization at Echo remains open to the east and south, with individual assays from well oxidized material up to 21 g/t Au. Routine cyanide solubility assays along with initial bottle roll tests show excellent gold recoveries from cyanide assays.

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, adjacent to Fiore Gold's Pan Mine and Gold Rock Project and Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km2 encompassing 3 shallow past producing open pits and numerous targets that were not mined. Contact Gold's 2020 drill program stared at the Echo Zone and has progressed through the Zulu, Charlie, Alpha, Bravo and Golf Zones.