Drilling Begins At Green Springs Gold Project

VANCOUVER - Contact Gold Corp. reported the start of the 2020 drill program at the Green Springs gold property, with one reverse circulation drill rig starting at the Echo Zone. Key Points: 2020 drill Program has begun; Drilling will target expansion of known gold mineralization in several zones, including Echo, Charlie, and Zulu; Initial drilling will focus on drill testing multiple targets along the 4.5km long gold trend containing several past-producing open pits; Drilling will test for gold mineralization in the lower-horizon (Pilot Shale) below the historic open pits and in areas of known gold mineralization in the Chainman Shale including: Echo Zone - 2019 drill highlights of 2.36 g/t Au over 70.1m, Charlie Zone - historical drill highlights of: 1.86 g/t Au over 35.0m in hole 87-231; 1.15 g/t Au over 48.7m in hole GS15-01; & Drilling is planned to be completed in 2 phases over the remainder of 2020.

The drill program will test the potential for the Pilot Shale to host high-grade Carlin-type gold mineralization at each of the existing gold zones that are hosted in the upper Chainman Shale, plus 3 new target areas (Tango, Foxtrot, Whiskey) where the Pilot Shale/Guilmette Limestone contact is exposed at surface.

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada. The Green Springs property is 17 km2 encompassing 3 shallow past producing open pits and numerous targets that were not mined. Contact Gold's drilling will start at the Echo Zone and then will move to the Zulu and Charlie Zones.

"Our team is excited to get back drilling at Green Springs. This drill program will focus on rapid expansion of the known footprint for gold mineralization both north and south of the past producing pits at Green Springs. Additionally, we look forward to drilling untested targets where we have very strong gold-in-soil values up to 1.05 g/t Au in areas where the Pilot/Guilmette Gate contact is exposed at surface as seen at Tango, Whiskey and the Foxtrot targets," stated Matt Lennox-King, CEO. "The combination of high grades and thick intervals, with extensive alteration in prospective host rocks present a compelling case for making new discoveries at Green Springs."

Echo is the highest-grade zone of gold mineralization at Green Springs. This gold mineralization is hosted at the Chainman - Joana contact, within highly altered shale and jasperoid. Mineralization at Echo remains open to the east, 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. The Company intends to continue stepping out within the Chainman - Joana target, and to drill slightly deeper to the untested lower Pilot Shale target in this area. The Pilot Shale is the host unit at the Alpha Zone and the Tango and Whiskey Targets.

Echo Zone - 2019 Drill highlights include: 2.36 g/t oxide Au over 70.10 m from 80.77 m in hole GS19-07 - Including 4.09 g/t Au over 38.10 m from 85.35 m - and including 8.05 g/t Au over 12.19 m from 89.92 m; 3.53 g/t oxide Au over 38.10 m from 76.2 m in hole GS19-09 - Including 4.79 g/t Au over 25.91 m from 79.25 m and including 11.19 g/t Au over 6.1 m from 89.92 m.