Chevrier Gold Project Drill Program Completed

VANCOUVER - Genesis Metals Corp. has completed the drilling program announced prior, at its Chevrier Gold Project in the Chibougamau Mining Camp of the Abitibi Greenstone Belt, Quebec. A total of 4692 meters in 23 holes were drilled. The recently completed drilling program at Chevrier included 1364 meters in 5 holes (including one hole that was abandoned 14 meters down hole and re-drilled) at the Main Zone deposit stepping out from GM20-80 which intersected 13.46 g/t gold over 8.90 meters starting at 114.80 meters down hole and including 25.44 g/t gold over 3.00 meters (see January 21, 2021 News Release), and, 3328 meters in 18 holes (including 1 hole that was restarted after encountering a fault at 76 meters down hole) testing new exploration targets east of the Chevrier East Deposit. Drilling results will be released when received and evaluated.

The Company will complete a 2,602-line kilometer helicopter borne magnetic survey covering parts of the 290 square kilometer project not covered by the earlier airborne survey over the main Fancamp trend. A field program has commenced to follow-up areas with magnetic signatures consistent with interpreted gold-related structural traps with prospecting, mapping and sampling. Genesis has also expanded the size of its October Gold Project in Ontario by staking an additional 81 claims along its northern boundary to bring the overall project size to 254 square kilometers. The Company is planning an initial surface exploration program for 2021 to identify prospective gold targets on the large strategically located property. Genesis holds a right to acquire 100% interest in the entire October Gold Property, located in the Southern Swayze greenstone belt in Benton Township, Ontario. The property has prospective geology, structural setting and regional gold endowment.

The Company will continue to monitor the evolving COVID-19 situation and intends to comply with all government directives. Genesis Metals Corp. has enacted protocols designed to inhibit the spread of the COVID-19 virus to safeguard the health and safety of local communities and its workforce.