Corvus Gold Begins Phase II Exploration Drill Program

VANCOUVER - Corvus Gold Inc. reported the start of its Phase II 2015 drill program at the North Bullfrog Project, Nevada in August. The 8,000 meter reverse circulation (RC) drill program will focus on two main areas 1) Testing new high-grade discovery targets in the large unexplored Eastern Steam-heated Zone; 2) Defining new high-grade systems similar to the recent YellowJacket discovery in and around the large resource areas in the NW part of the property. The program will follow-up on new geologic, structural and mineralization results from the initial spring 2015 phase I drilling program.

Jeff Pontius, President and CEO of Corvus Gold Inc. said, "The positive results from Corvus Gold's preliminary economic assessment which incorporates the new high-grade YellowJacket discovery have demonstrated the high potential of the North Bullfrog District. New surface and drill hole exploration data linked to the gold depositional controls defined at YellowJacket has now outlined a number of prospective new discovery and potential resource expansion targets across the District. The two pronged phase II drill program will focus on the evaluation of near-term high-grade resource expansion in the west and new large deposit discovery potential in the east. We believe that the large new Eastern Steam-heated target area which covers some fourteen square kilometers has the potential to host additional YellowJacket or Bullfrog-type deposits. This next round of exploration at North Bullfrog holds the potential to expand an existing, highly prospective, high margin deposit."

The phase II drill program will test a number of priority new discovery and resource expansion targets in and around the existing North Bullfrog deposits. Two of these targets were tested in the early 2015 phase I, "proof of concept" drilling program, the results of which have confirmed the key structural and mineralization controls.  At the North Sierra Blanca target a northeast trending high level stockwork vein system returned +1 g/t gold intercepts from high level stockwork veining over several meters. This new vein system appears to mirror the YellowJacket zone some 400 meters to the west. At the Liberty target which is 500 meters south of the YellowJacket deposit, drilling has intersected a high level quartz stockwork vein system with high mercury values and low grade gold and silver which is characteristic of the tops of the YellowJacket system. Follow up drilling will be conducted at both targets to evaluate these new stockwork systems at depth in the projected productive zones.

Corvus controls 100% of its North Bullfrog Project, which covers approximately 72 km2 in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 865 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right.