Drilling At The Highland Gold-Silver Project

VANCOUVER - Headwater Gold Inc. reported reverse circulation (RC) drilling has commenced at the Highland Project, Nevada.  Headwater has completed a thorough technical review of the Highland data and has prioritized a series of drill targets which will be tested with an eight-hole, 2,000 meter program.

Highlights: First of several drill programs planned on Headwater projects in 2021; Historic drilling in the West Vein Zone intercepted gold grades of 9.93 grams per tonne (“g/t”) and silver grades of 128.7 g/t over a drilled thickness of 9.1 meters; Goal of offsetting known mineralization in the West Vein Zone, and testing new high-upside targets in the Big Hammer Zone; and Recent work by OceanaGold resulted in a large, high-quality dataset and defined several un-drilled high-priority targets.