Additional High-Grade Gold And Silver Surface Rock Samples At Tokop Gold Project

VANCOUVER - Riley Gold Corp. reported additional high-grade gold and silver samples from the systematic sampling and exploration program at its Tokop Gold Project located in Esmeralda County, Nevada.

To date, Riley Gold’s 2020/21 exploration program has included mapping, sampling and geological review and interpretation of previous work conducted at the Project. Initial surface rock samples announced on December 17, 2020, included up to 16.1 grams per tonne (“gpt”) gold and 105 gpt silver.   The remaining surface rock samples (additional 116 samples) taken by Riley Gold have returned assays, from trace to significant high-grade material up to 19.3 gpt gold and 970 gpt silver. Additionally, and after further review of previous work conducted at the Project, including reviewing logs and chip samples pertaining to previous drilling on the Project, the Company identified visible gold (“VG”) from its panning of some samples taken in outcrops or dumps.

Todd Hilditch, President and CEO of Riley Gold commented, "We are very pleased with the additional results of our surface sample program at Tokop. These results demonstrate grade potential for both gold and silver at Tokop, as well as size potential of the mineralized system with surface rock samples extending 1.83 km from NW to SE and 3.62 km SW to NE. The results from the sampling program have confirmed the locations for our drilling campaign which is due to start in the upcoming months.”