First Phase of 2020 Surface Exploration Program At Nevada Rose Gold-Silver Project

VANCOUVER - Minfocus Exploration Corp.reported an update on recently completed exploration activities at its flagship Nevada Rose Gold-Silver Project in Nevada, and its Round Pond zinc project in Newfoundland, Canada.

The Nevada Rose Gold-Silver Project is located at the intersection of the Battle Mountain-Eureka and Independence-Eureka Trend. Small historic mine workings and prospects are present across the claim block, which were exploiting high-grade silver mineralization hosted in jasperoids along structures within areas of intense silicification. Mapping and sampling prior to Minfocus' acquisition identified additional zones of silver mineralization, and zones of anomalous gold values in bleached limestone. They indicate a broad area of hydrothermal alteration across the Rose Property, very little of which has been explored using modern methods. In October 2020, a LiDAR survey covering an area of approximately 18 square kilometers was completed on the Rose Property by Eagle Mapping. The survey was flown by fixed wing aircraft and included orthoimagery or georectified aerial photography of the Rose Project. The LiDAR survey results, coupled with historic exploration data compiled by Minfocus, clearly identified highly prospective areas adjacent to the existing Rose Property claims border and new staking of these areas is expected to be completed this soon.

In addition to the LiDAR survey, key surface exploration work began in September and included regional prospecting and reconnaissance sampling. Results are from rock chip and enzyme leach soil samples are anticipated in the coming weeks. In conjunction with compiled data from regional and historical property exploration, these results will be instructive in developing the next phase of Minfocus' exploration campaign which is expected to include more comprehensive geological mapping and geochemical exploration, leading to ground geophysics and drill targeting starting in early 2021.

President and CEO, Alicia Milne, said, "The Nevada Rose Project is an exciting asset, located in a prolific silver-gold producing region of Nevada, USA, the top-ranked North American mining investment jurisdiction per The Fraser Institute. We are in the early stages of exploration but with our exceptional technical team, we are well positioned to rapidly demonstrate the value proposition represented by Nevada Rose. Our geology team has been encouraged by the initial exploration results and, with follow up geological and geochemical work underway, we are planning a technically driven exploration and drill program for 2021."

The 100% owned Round Pond zinc project is located west of Hare Bay, on the Great Northern Peninsula of northwest Newfoundland. This region has seen extensive, episodic programs of exploration for zinc since the 1960s. The principal target is Mississippi Valley-type (MVT) Zn-(Pb-Ag) mineralization, as found at the former Newfoundland Zinc Mine (1975-1990 historic production of 7M tonnes @ 7.5% zinc) at Daniel's Harbour, circa 140 km to the south. This style of mineralization is believed to be transgressive, and thus be found at different horizons within the host sequence, the Ordovician-age St. George Group.

A LiDAR survey covering approximately 24 square kilometers was flown on the Round Pond Zinc Project in September 2020 by Terraquest Ltd. The survey covered the original property as well as newly staked claims which expanded the original property to the north. The survey results, together with historical data, will be used to define follow-up geophysics and geochemical programs to support drill targeting of the known geometries of MVT orebodies.