Update On The Sandman Project

VANCOUVER - Gold Bull Resources Corp. reported on the Sandman Gold Acquisition Project. The Company has initiated a revised NI43-101 report for Sandman which will include an updated resource estimate. The current 43-101 Resource Estimate was drafted in 2007 and contains a 309,900 oz Au total resource (comprised of a Measured & Indicated Resource of 271,900 oz Au plus an Inferred Resource of 38,000 oz Au). Subsequent to the 2007 resource estimate being completed, additional drilling has occurred that will be included in the updated resource estimate.

CEO Cherie Leeden, said, “I am very excited for Gold Bull to review and release a new 43-101 report for Sandman that will incorporate additional drilling completed since 2007. When the previous 43-101 report was done in 2007, the gold price was less than half of what it is today. The project has not been systematically explored at depth and the majority of the historical drilling to date has been to a depth of less than 100m. Our team is looking forward to focussing on the exploration opportunity, targeting higher grade feeder zones >100m deep.”

Gold Bull is in the planning phase of a staged drill campaign at Sandman that is scheduled to commence in January 2021. The purpose of the drill campaign will be twofold; to verify and possibly extend known mineralization and to test new undercover exploration targets, never before drilled. The initial program is expected to comprise an initial 3,000 meter reverse circulation (RC) program. A second phase of drilling will commence after laboratory results have been received for the first phase. Gold Bull will provide a more detailed exploration and drilling update upon completion of the Sandman acquisition.