Kinsley Mountain Gold Project Phase One Exploration Plan Initiated

VANCOUVER, BC - New Placer Dome Gold Corp. announced initial plans for its highly anticipated 2020 Kinsley Mountain Project reverse circulation (RC) discovery drill program. The geological crew and drill rig crews are mobilizing towards the Project in preparation for a 10,000 meter drilling program. The Kinsley drill program is focused on new high-grade discoveries and expansion of existing mineralized zones. The Kinsley Mountain Gold Project is located in the mining area of Elko, Nevada.

Kinsley Mountain is a Carlin-style gold project hosting 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes). The Company believes there is significant upside potential for new high-grade gold discoveries and expanding the footprint of known mineralization and contained resources at Kinsley.

New Placer Dome has planned an initial 10,000 meter high-priority Reverse Circulation (RC) drill program, and select diamond core drilling following new discoveries to confirm stratigraphy and continue to advance the geological model. Up to 10,000 meters of additional drilling based on interpretation of the initial results from the high priority targets is also planned.

Drilling will focus on testing Carlin-style high-grade gold mineralization at depth hosted within the Secret Canyon shale formations at the high-grade Western Flank zone where gold mineralization remains open and untested along strike and at depth (Figure 1). The program will expand and step-out on previous targets validated by Liberty Gold's technical team.

Maximilian Sali, CEO and Founder said, "The focus of this exploration program is new high-grade gold discoveries. With only 20% of the property previously drilled, the Secret Canyon shale has more potential for high-grade gold-hosting formations on the property. We intend to make those new discoveries this summer by aggressively drilling multiple targets at the same time with multiple rigs."

Drilling at the Western Flank zone will be followed closely by expanded drill testing of the Racetrack, Transverse, Big Bend, and KN targets where structural intersections with the Secret Canyon shale host horizon near NW-striking structural zones are the primary targets.