Second New Gold Discovery At The Green Springs Project

VANCOUVER - Contact Gold Corp. reported the drilling of an additional gold discovery, X-Ray, at its Green Springs gold project in White Pine County, Nevada. This new discovery at the X-Ray Target comes on the heels of the Company's Tango discovery, and contains even better oxide gold intercepts. The X-Ray Target sits midway between the northern end of the Mine Trend and the Alpha Zone, and bridges a gap with no prior drilling of over 500 meters between these zones. The X-Ray and Tango discoveries are the blueprint for a significant expansion opportunity at the property.

"The discovery of another brand-new zone of oxidized gold mineralization in the Pilot Shale at Green Springs is a great accomplishment for our team. This discovery provides further validity to our exploration model targeting the underexplored Pilot Shale, which was the primary factor in deciding to acquire the project. As we continue to employ this model we are achieving excellent first pass hit rates at new, previously undrilled targets, providing us confidence to aggressively continue to test similar new areas and targets elsewhere on the project," said, Vance Spalding, Vice President of Exploration. "The discovery of broad intervals of well-oxidized mineralization at X-Ray opens up the potential to put together a significant zone of gold in the previously undrilled gap between Alpha and the Mine Trend."