Multiple Significant Intercepts From The DPB Target At Tonopah West

VANCOUVER - Blackrock Gold Corp. reported additional high-grade gold and silver drill intercepts from its Denver, Paymaster and Bermuda (DPB) Target on the 100% controlled Tonopah West project located in the Walker Lane trend of Western Nevada. Highlights: TW20-037 cut 3 meters returning 10.5 g/t gold and 1,188 g/t silver or 2,238 g/t AgEq along the Merton vein and indicates 290 meters of dip potential. Silver:gold ratio is 100:1 using a 200 g/t AgEq cut-off grade; TW20-027 drilled 12.2 meters grading 297 g/t AgEq at Bermuda-Merton vein intersection; TW20-022 intersected 4.5 meters grading 285 g/t AgEq on the Paymaster vein; Drilling defines mineralization over 300 meters along the Paymaster vein; All DPB veins are open to the east and west, as well as up and down dip; A resource definition program is being coordinated to deliver an initial resource on DPB by YE 2021; and Additional assays are pending from the DPB and Victor Targets.

Andrew Pollard, President & CEO, said, "As more high-grade results continue to roll in from our DPB Target, this zone is now really starting to take shape, highlighting significant resource potential. Drilling continues to confirm our geologic model, and as we're now establishing continuity and mineralization of the many tightly-spaced veins in this corridor, all of which remain open, we're putting together an extremely aggressive plan that will see us fast-track to deliver an initial resource estimate before the end of 2021. This is a transformational step for any project, and moving from a maiden round of drilling to resource delineation mode so quickly underscores the calibre of this target, providing investors with something compelling to look forward to over the next twelve months. With more drill results pending in the short-term, from both our Tonopah West and Silver Cloud projects, we look forward to significant news flow to end the year."