Continued Gold Intersects In Multiple Veins At Depth

QUEBEC - Granada Gold Mine Inc. reported additional positive results from its on-going drill program at Granada. Partial results of diamond drill wedge holes off GR-20-21 which is under the pit-constrained mineral resource. highlights: 5.09 g/t gold over 1.25m in GR-20-21W4 from 572.20 to 573.45m, including 0.5m at 12.48 g/t Gold at 572.70m; 3.03 g/t gold over 4.75m in GR-20-21W4 from 592.25 to 597.00m, including 1m at 11.6 g/t Gold at 593.25m; 3.02 g/t gold over 2m in GR-20-21W5 from 552m, including 1m at 5.53 g/t Gold at 552.00m; 3.45 g/t gold over 2m in GR-20-21W5 from 628.60 to 630.60m, including 1m at 6.86 g/t Gold at 629.00m.

In an attempt to confirm continuity and extent of the high-grade intervals of hole GR-20-21 disclosed in February 2021 with 862 g/t Gold at 617.4 over 0.5m.  The intersections above show that the structure in Hole GR-20-21 is not an isolated structure. The wedge holes have extended the mineralization to the West, East and above the original intersection of the mineralized zone. The very high-grade zone within the gold structure is extensively elongated downdip with limited lateral extent.

“These drill results continue to demonstrate the potential of Granada. The exploration efforts have delivered some significant results to date, where the continuity of structures and high-grade gold mineralization at depth is observed with confidence,” said, Frank J Basa, P.Eng., President & CEO.