Mother Lode Deposit Additional Drill Hole Results

VANCOUVER - Corvus Gold Inc. has received additional drill hole results from the Mother Lode mineral resource expansion program. The mineralization defined in these new drill holes continues to support the expansion of Mother Lode’s Main Zone in the northern part of the deposit as demonstrated by ML20-193CT (118m @ 1.84 g/t Au). The Company believes that these results continue to increase the expansion potential of the Mother Lode deposit. An updated mineral resource estimate is expected to be prepared upon completion of this round of drilling.

Unfortunately, drill hole ML20-193CT was terminated early due to poor drilling conditions as it entered the oxide, Central Intrusive Zone (CIZ) which is below the Main Zone. The potential of this area has been defined in part by earlier drill holes such as ML20-159CT (102m @ 2.30 g/t Au) and ML20-165CT (149m @ 2.10 g/t Au). The northern feeder area of the Mother Lode deposit is shaping up to be as large and important as the central feeder zone with potential continued extension at depth. Hole ML20-173CT is confirming a lower grade part of the northern feeder that was hit in earlier hole ML20-179CT.

Jeffrey Pontius, President and CEO, said, “As we get close to wrapping up this phase of Mother Lode mineral resource expansion drilling, it has become obvious there is more work to do for further expansion. With the numerous higher-grade intercepts in the deeper parts of the Mother Lode deposit, there appears to be good potential to expand mineral resources below the proposed pit bottom into an underground deposit. As we have seen with new results and expanded exploration activity across the eastern District, we are just beginning to see the potential of this new, exciting, Nevada gold District.”