Significant New Gold Mineralization Outside Of Current Resource At Sandman

VANCOUVER - Gold Bull Resources Corp. reported new assay results from a resource extension drill hole at the Abel Knoll Prospect within its 100% owned Sandman Project, located in Humboldt County, Nevada. Hole SA-0031, drilled outside the Abel Knoll resource has intersected gold (Au) mineralization that is currently open in multiple directions. These drill results indicate potential to expand the resource and follow-up holes are planned for later in 2021. The Company recently commenced a Phase 2 5000m Reverse Circulation (RC) drill program of which 2126 m (6975 ft) for 12 holes has been completed.

Highlights include: SA-0031 intersected 90 m (295 ft) at 0.6 g/t Au mineralized interval from 76.2 m which included 53.3 m @ 0.81 g/t Au from 111.3 m including: 3 m @ 1.59 g/t Au from 118.9 m and 4.6 m @ 4.80 g/t Au from 150.9 m, which included 1.5 m @ 12.4 g/t Au from 150.9 m and 6.1 m @ 0.98 g/t Au from 76.2 m and 4.6m @ 1.97 g/t Au from 99.1 m; The gold mineralization remains open in multiple directions; and Prior, the 2021 results at Abel Knoll (SA-0001) included 144.8m at 1.67g/t Au from 65.5m including 6.1m at 10.75 g/t Au from 143.25 m. More laboratory assay results expected.

CEO, Cherie Leeden, said, “Abel Knoll comprises both diatreme breccia hosted mineralization, which we drilled earlier this year with hole SA-0001, and strata-bound mineralization within the Tertiary and basement Triassic rocks. The results from SA-0031 are exciting because they demonstrate that the strata-bound mineralization is open to the south and occurs over significant widths, with potential for more high-grade gold. We drilled two additional holes closer to the existing Mineral Resource Estimate and eagerly await assay results. Results such as this hole, located outside the known resource provide confidence that our Sandman Resource has room to grow.”