Structural Report On The Moosehead Gold Property

ST. JOHN'S, NL - Sokoman Minerals Corp. has received the Structural Interpretation Report on the Eastern Trend Zone of the Company's flagship Moosehead Gold Property in north-central Newfoundland. This report, prepared by Dublin-based Earth Tectonics Ltd., details the structural controls of gold mineralization in the Eastern Trend and provides recommendations for future exploration.

Timothy Froude, P. Geo., President and CEO said, ”The Earth Tectonics report has greatly strengthened the case that the Moosehead property is of significant value to the Company. The geology, structure, and style of mineralization compare favorably to the Fosterville gold deposit in Australia, which added some very high-grade gold resources to Kirkland Lake Gold's inventory after a deep drilling program in 2015. Moosehead, unlike Fosterville, has only been tested to shallow depths (~200 meters vertically). The report has identified multiple under explored targets that will require extensive drill testing. To date, Sokoman has drilled 18,600 meters, largely in the Eastern Trend and immediate vicinity, reporting multiple high-grade intersections, including 5.65 m @ 93.56 g/t Au from MH-18-01 (see News Release dated July 24, 2018), and 4.80 m @ 33.59 g/t Au from MH-19-62, which are among the highest-grade results in Canada in the past 18 months. It is our intention to become more aggressive and we anticipate multiple phases of drilling in 2020, starting in the early winter."

Report highlights include: Long section interpretations suggest a Main Zone consisting of several south-plunging high-grade shoots in the main fault-vein system which may be comprised of at least two lenses. The deepest drilling contains the highest-grade shoot at >100 gram-meters (grade multiplied by thickness) and is open in all directions; Vein style and host structures are typical of a sediment or intrusive hosted gold system controlled by reverse or strike-slip shears in a low grade metamorphic, compressional regime; The relationship between shearing and folding is similar to the Bendigo-Fosterville type gold deposits in Australia. These deposits are commonly multi-structured with principal shear-vein structures having considerable strike and depth extent (to >1000 m) as at Fosterville; Phase 4 drilling has confirmed the geometry of the central area of the Eastern Trend which remains open along strike and to depth. The across-strike link with the Western Trend is also flagged as an area of potential interest; & The Eastern Trend exploration is at early stage with potential deposit size yet to be determined.

The Company is planning the next Phase (s) of drilling, mainly based on the interpretation and recommendations in the Structural Report. The main focus for 2020 will be to extend the Eastern Trend to depth and along strike to the north and south.