Follow-up Field Program Completed At Carmen Creek Prospect

VANCOUVER, BC - Gaia Metals Corp. has completed a 3-day follow-up prospecting and rock sampling program at the Carmen Creek Prospect, located on the Freeman Creek Gold Property. The Property is located approximately 15 km northeast of Salmon, Idaho, and hosts excellent access via paved highway and a network of gravel roads and trails. The objective of the 3-day program was to follow-up and expand upon the high-grade rock samples collected along the Carmen Creek Trend during the recently completed August 2020 surface exploration program on the Property; specifically, the Gallifrey Showing (2.02 g/t Au, 31.8 g/t Ag, and 0.76% Cu ), the Tardis Showing (25.5 g/t Au, 159 g/t Ag, and 9.75% Cu), and the Daleks Showing (2.00 g/t Au, 269 g/t Ag, and 11.4% Cu).

A total of 48 rock samples were collected over the northwest and southeastern areas of the Carmen Creek Trend. All samples have been received by the lab and geochemical analysis is pending. Several new areas hosting favorable mineralogy were discovered and sampled. Collectively, based on field observations and sample mineralogies, the Company is very encouraged and eagerly awaits results of sample analysis.

Mineralization along the Carmen Creek Trend is marked by numerous samples that range in grade from 2.0 to 25.5 g/t Au, 10 to 269 g/t Ag, and 0.13 to 32% Cu. The mineralization is characterized by chlorite mica-schists with quartz veining, magnetite, and common malachite and sulphides (bornite, chalcopyrite, pyrite). Initial field prospecting outlines a central mineralized zone (oriented ~135°/65°) of at least 1-2 m width, with vein stockworks extending 5 to 10 m into the adjacent host rock, which forms part of a larger mineralized corridor at least 1.2 km long by 200 m wide. The trend remains underexplored and has only been evaluated at a reconnaissance scale by the Company.

The Company has started the permitting process for an inaugural diamond drill program at Carmen Creek and is actively assessing drill hole locations and access. The Carmen Creek Prospect has never been drill tested and its depth extent is not known. The potential of this prospect has been enhanced considerably following the completion of the 2020 surface exploration.