2021 Phase 1 Drill Program At Green Springs Gold Project

VANCOUVER - Contact Gold Corp. reported the completion of the first phase of the 2021 drill program at its Green Springs gold project in White Pine County, Nevada. Phase 1 drilling totaled 59 drill holes for 7,511 meters completed from early March to late May. On May 18th Contact Gold announced results from the first six holes of the program with a headline intercept of 1.45 g/t Au over 47.24 meters in hole GS21-05 from the Mine Trend. Contact Gold continues to focus on expanding the footprint of gold mineralization at Green Springs through systematic step out drilling along the Mine Trend and completing first pass drilling at high potential greenfield targets.

Phase 1 drill holes were targeted as follows: Following up on the multiple broad, oxidized, gold intercepts from 2020 drilling along the 3km Mine Trend (15 holes) and at the Alpha Zone (5 holes) located 1.5km northeast of the Mine Trend; Expanding the southern end of the Mine Trend by drilling further south, where we have 1.5 km of untested strike extent (13 holes); Drilled 19 holes into the never before drilled Tango target, which is the most robust geochemical, geophysical and surface gold mineralized target on the project; 5 Holes drilled into the Connector target between the Mine Trend and the Alpha Zone; and 2 holes at the Golf Zone following up on shallow oxidized mineralization hosted within the Chainman Shale.

"The first phase of drilling in 2021 at Green Springs has gone extremely well. We delivered excellent grades and widths of oxide gold in the Mine Trend in the first 6 holes and completed the program under budget. We drilled 10 holes (1,500 meters) more than originally forecast, testing several additional high-confidence gold targets," said, Matt Lennox-King, CEO. "With results from 53 holes pending we anticipate a steady flow of drill results from Green Springs over the coming weeks and months. In the meantime, we will be active on the ground, sampling, mapping and upgrading our targeting ahead of the next drill program at Green Springs."