Granada Multiple High-Grade Veins At Depth

ROUYN NORANDA - Granada Gold Mine Inc. reported announce additional high-grade gold results from its on-going drill program at Granada. Highlights: 3.64 g/t gold over 3.45m in GR-20-15 from 399.00 to 402.45m; 5.25 g/t gold over 1.5m in GR-20-17 from 301.50 to 303.00m; 2.47 g/t gold over 3.00 in GR-20-18 from 510.50 to 513.50m; 13.20 g/t gold over 1.00 in GR-20-19 from 583.12 to 584.12m; and 107.8 g/t gold over 4.00m in hole GR-20-21 from 617.40 to 621.40m.

The intersections, many of which are mineralized between previously identified intervals, show extension and continuity of the mineralized structures. Significant high-grade intersections were encountered in the drill holes. In particular, GR-20-21, which intersected 107.8 g/t gold over 4 meters. It extends the strike to the northeast and is the best drill result of the 2020 exploration drill program. The hole GR-20- 21 is being wedged off.

"These drill results continue to exceed expectations and demonstrate the potential of Granada. The exploration efforts have delivered some of our most significant results to date, extending the high-grade strike to the northeast and confirm continuity and high-grade gold mineralization at depth," said Frank J Basa, P.Eng., President & CEO.