LOI To Acquire Advanced-Stage Oxide Gold-Silver Exploration Project

VANCOUVER - Raindrop Ventures Inc. reported the signing of a letter of intent (LOI) to acquire the Jessup gold-silver exploration project in Churchill County, Nevada from JMX, LLC, an arms-length private company. A 2018 Resource Development Associates technical report, authored by Scott Wilson, SME-RM, CPG, includes a historic measured and indicated resource containing 331,800 ounces gold equivalent (oz) at 0.606 grams per tonne ("gpt") at a 69:1 silver-gold ratio.

Chief Executive Officer, Alexander Kunz, said, "Jessup is an advanced stage project located near Reno, Nevada with a historic gold-silver resource and excellent exploration potential. The Project is located within a four-square mile, oxidized, and hydrothermally altered area that includes many old mines, prospects, intersecting radial and ring fractures, strong geophysical targets, and an important number of high-grade gold drill intercepts. We believe this area can host a one-to-two-million-ounce gold-silver target."