Bolo Gold-Silver Project Four RC Drill Holes Completed

VANCOUVER - New Placer Dome Gold Corp. reported additional analytical results from four reverse circulation (RC) drill holes completed at the Company's Bolo Gold-Silver Project. The drill results have intersected significant oxide gold mineralization and expanded gold mineralization to depth. The South Mine Fault Zone remains open and has seven additional expansion drilling holes awaiting laboratory assay results.  All five holes for which assays results have been received to date have encountered significant oxide gold mineralization. A total of 12 drill holes totaling 3,523 meters (11,560 feet) have been completed to date during 2020 at the Bolo Gold-Silver Project. Hole BL20-02 collared near the current southern extent of the South Mine Fault Zone intersected near surface high grade gold values grading 4.35 grams-per-tonne (g/t) gold (Au) over 6.1 meters, within a broader zone of mineralization averaging 1.38 g/t Au over 24.28 meters. Hole BL20-03 collared within the north-central area of the South Mine Fault Zone area intersected an upper zone returning 0.24 g/t Au over 53.34 metres from surface and a lower zone averaging 0.74 g/t Au over 60.96 meters, including 1.71 g/t Au over 21.34 meters. The hole successfully extended mineralization beneath 2019 drill hole BL19-01 which returned assays of 1.27 g/t Au over 83.8 meters. Hole BL20-04 returned 7.62 meters averaging 0.32 g/t Au and tested beneath 2019 drill hole BL19-02 that returned assays of 1.01 g/t Au over 85.3 meters 2. The hole deviated steeply downward, likely within a fault zone.

Hole BL20-05 was designed to test interpreted south plunging continuity of South Mine Fault Zone gold mineralization and returned 0.54 g/t Au over 97.54 meters; including 0.72 g/t Au over 41.14 meters, and 1.52 g/t Au over 7.62 meters. The hole was lost due to faulted ground conditions and was still in mineralization averaging 0.84 g/t Au over 9.14 meters to a depth 176.78 meters. BL20-05 was drilled beneath 2019 drill hole BL19-06 that returned a modest mineralized intercept of 0.61 g/t Au over 16.8 meters. The fact that the strength of mineralization is improving at depth on the BL19-06 / BL20-05 section is interpreted to reinforce New Placer Dome's geological model of south plunging continuity of gold mineralization at the South Mine Fault Zone.

Kris Raffle, P.Geo., and Director, said, "With the release of these four additional RC drill holes we continue to expand the footprint of South Mine Fault Zone gold mineralization. Hole BL20-05, which demonstrates stronger mineralization at depth than intersected near surface by New Placer Dome during its 2019 drill campaign, reinforces opportunities for continued expansion of this developing Carlin-style oxide gold target."

RC drilling at Bolo defines a 1.2 kilometer north-south trending corridor of gold-silver mineralization containing the South Mine Fault Zone, Uncle Sam, and Northeast Extension zones. Gold mineralization at Bolo exhibits characteristics of classic Carlin-type mineralization, including strong subvertical structural control in addition to evidence of gold mineralization extending laterally at low angles within favorable silty carbonate units. The relatively untested 500 m strike length of the South Mine Fault-Uncle Sam segment is particularly prospective and is the focus of New Placer Dome's 2020 exploration program designed to delineate these compelling structural and stratigraphic gold targets.