Land Position Expanded And Option Agreement At Reliance Gold Property

VANCOUVER, BC - Endurance Gold Corporation reported a 67% increase in the size of Reliance Property in Southern British Columbia from the initial 673 hectares to the current 1,122 hectares. Concurrent with this increase the Company has executed a comprehensive option agreement with the Optionor. The Property is located 4 kilometers (km) east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which produced over 4 million ounces of gold.

As part of the Agreement, two claims acquired by the Optionor subsequent to the initial letter agreement were included in the Agreement. In addition, the Company also acquired a 20 hectare claim from a third party and this claim will be included in the Agreement.

The Property was previously explored with trenching and diamond drilling from 1985 through 2008. The last program of drilling in 2008 targeted the Imperial Zone, and returned highlight drill intersection widths of 13.30 grams per tonne (gpt) gold over 4.20 m (est 1.8m true width), 7.05 gpt gold over 5.06 m (est 2.05 m true width), 5.70 gpt gold over 12.05 m (est 9.5 m true width), 5.43 gpt gold over 15.35 m (est 10 m true width), and 2.16 gpt gold over 12.13 m (est 6.5 m true width), in five (5) drill holes.

In December 2019, the Company announced the results from a program of surface rock sampling completed in September 2019 which included 10 gpt gold over 5 m at the Imperial Zone and 4.6 gpt gold over 2 m at the Senator Zone prospects. The Company completed a helicopter supported aeromagnetic geophysical survey and the results from this survey were announced on July 6, 2020. An exploration program consisting of soil, biogeochemical and rock sampling is currently active with planned geological and structural mapping expected to be completed in August. The company submitted its application for drill permit in February and that application is currently in the consultation phase.