New Lynnda Strip, Oxide Discovery, Eastern Bullfrog Gold District

VANCOUVER - Corvus Gold Inc. has received results from five additional drill holes in the new Lynnda Strip oxide gold discovery. Included in this series of results is an additional core hole ML20-171CT which crossed the entire known zone and returned an upper interval of 204.5m @ 1.36 g/t gold with an additional broad, lower grade Lower Zone below. This hole also returned high-grade gold values from the Upper Vein zone returning 37.3m @ 5.39 g/t gold (silver pending) and has a central vein of 10.5m @ 9.99 g/t gold . These additional results are now outlining a large oxide gold discovery with a consistent upper vein zone that appears similar but potentially larger to Corvus’ YellowJacket deposit in the western part of the district.

Based on the results obtained to date, Corvus believes that the additional Lynnda Strip drill holes are defining a large and continuous oxide gold system that now stretches for over 700 meters in width.

Corvus has an additional 20 holes either pending or planned in this phase of drilling at Lynnda Strip that will be assessing an area of approximately 1 kilometer as well as testing new similar structural targets to the west. The goal of this program will be to determine the initial mineral resource contained on the Corvus land package and its implication on the adjoining ground to the north and south.

Jeffrey Pontius, President and CEO, said, “These continuing positive results from the new Lynnda Strip discovery have confirmed the expanding size of this large, Round Mountain type system containing several, exceptional, broad, vein zones. Given the current aggressive drill programs to the north and south of the Lynnda Strip, it appears we are in the middle of a new, large, Nevada, oxide gold discovery that could represent a major expansion of exploration and development in the Bullfrog District. Corvus will continue to provide its shareholders ongoing updates on its progress with this new Nevada discovery and its implication on the overall development of the eastern Bullfrog Gold District.”