Mom Lode Drill Plan Map Jan 6 2021

Location map of Corvus Gold’s Mom Lode drill program and projected high-grade feeder areas as of Jan 2021 within the Japanese Bullfrog District of Southwestern Nevada

VANCOUVER, British Columbia, Jan. 06, 2021 (GLOBE NEWSWIRE) — Corvus Gold Inc. (“Corvus” or the “Firm”) – (TSX: KOR, NASDAQ: KOR) proclaims it has obtained outcomes from the second gap into the brand new Northern Excessive-Grade Feeder Zone goal of the Central Intrusive Zone (CIZ).  Gap ML20-165CT drilled into the CIZ returning 130.5m @ 2.33 g/t gold together with 27.7m @ 4.46 g/t gold & 9.26 g/t silver.  This new high-grade feeder zone is exhibiting good continuity and Corvus believes it may develop the grade and dimension of the Mom Lode gold system within the northern finish of the deposit.  Like earlier outcomes from this space (gap ML20-159CT with 83.9m @ 2.7 g/t gold together with 12.7m @ 8.5 g/t gold and 30.4 g/t silver, see NR20-18, November 12. 2020), the mineralization seems to be related to the decrease intrusives dike/breccia system of the CIZ goal and extends up into the Major Zone of the Mom Lode deposit. This distinctive geologic setting has been very productive all through the deposit for high-grade gold and silver mineralization and its prevalence on the north finish of the deposit is encouraging for additional enlargement of the better Mom Lode gold deposit.    

The extremely productive Northern Feeder Zone is open to enlargement to the north and northeast alongside the Fluorspar Canyon Fault (FCF) that traits towards the jap finish of the brand new Lynnda Strip discovery.  Corvus might be following up on this new goal with preliminary drill testing of this new giant untested space on the Mom Lode property.  Regionally, Coeur Mining Inc. has introduced a big exploration program alongside the jap and northern boundary of Corvus’ Mom Lode property as a follow-up to their latest C-Horst discovery (southern extension of Corvus’ Lynnda Strip discovery).  It’s attainable that the entire newly found mineralization within the jap a part of the Bullfrog District is expounded to at least one giant, evolving gold system, localized alongside the southwestern fringe of the Timber Mountain caldera (Mom Lode, Lynnda Strip/C-Horst, SNA, Daisy, Secret Cross & Silicon). 

Jeffrey Pontius, President and CEO of Corvus, mentioned, “The continued enlargement of the Mom Lode system continues to help the thought of a large-scale new jap Bullfrog District gold system.  This method seems to be giant with varied deposits representing the complete spectrum of gold depositional environments.  Corvus’ built-in land place with three adjoining gold producers (AngloGold Ashanti, Coeur Mining Inc. and Kinross Gold Company) and a number of discoveries offers it a novel and insightful place within the growth of this large-scale deposit complicated.  Corvus will proceed to advance its understanding of this new, giant Nevada gold system and talk that data to its shareholders.  It’s a very busy and thrilling time within the Bullfrog District as we and our shareholders watch exploration unfold.”  

Desk 1: Mom Lode– Mineral Useful resource Growth Part-4 Outcomes 
(Reported intercepts should not true widths as there’s presently inadequate knowledge to calculate true orientation in area. Mineralized intervals are calculated utilizing a 0.3 g/t cut-off until in any other case indicated beneath)

Determine 1 Location Map: Mom Lode drill gap ML20-165CT & ML20-159CT:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ad0ca23-9fde-47b6-9179-d6e303e2ef22

Certified Individual and High quality Management/High quality Assurance

Jeffrey A. Pontius (CPG 11044), a certified particular person as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”), has supervised the preparation of the scientific and technical info that varieties the premise for this information launch and has reviewed and accredited the disclosure herein.  Mr. Pontius will not be unbiased of Corvus, as he’s the CEO & President and holds frequent shares and incentive inventory choices.

Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a certified particular person as outlined by NI 43-101, has coordinated execution of the work outlined on this information launch and has additionally reviewed and accredited the disclosure herein. Mr. Brechtel will not be unbiased of Corvus, as he’s the COO and holds frequent shares and incentive inventory choices.

The work program at North Bullfrog was designed and supervised by Mark Reischman, Corvus Gold’s Nevada Exploration Supervisor, who’s liable for all elements of the work, together with the standard management/high quality assurance program.  On-site personnel on the challenge log and observe all samples previous to sealing and delivery.  High quality management is monitored by the insertion of blind licensed normal reference supplies and blanks into every pattern cargo.  All mineral useful resource pattern shipments are sealed and shipped to American Assay Laboratories (“AAL”) in Reno, Nevada, for preparation and assaying.  AAL is unbiased of the Firm.  AAL’s high quality system complies with the necessities for the Worldwide Requirements ISO 9001:2000 and ISO 17025:1999.  Analytical accuracy and precision are monitored by the evaluation of reagent blanks, reference materials and replicate samples.  Lastly, consultant blind duplicate samples are forwarded to AAL and an ISO compliant third-party laboratory for extra high quality management.  Mr. Pontius, a certified particular person, has verified the info underlying the data disclosed herein, together with sampling, analytical and take a look at knowledge underlying the data by reviewing the stories of AAL, methodologies, outcomes and all procedures undertaken for high quality assurance and high quality management in a fashion in step with business observe, and all issues have been constant and correct in accordance with his skilled judgement.  There have been no limitations on the verification course of.

Metallurgical testing on North Bullfrog and Mom Lode samples has been carried out by McClelland Analytical Providers Laboratories Inc. of Sparks Nevada (“McClelland”), Useful resource Improvement Inc. of Wheatridge, CO (RDi) and Hazen Analysis Inc. of Golden, CO (HRi).  McClelland is an ISO 17025 accredited facility that provides quantitative chemical evaluation in help of metallurgical, exploration and environmental testing utilizing basic strategies and trendy analytical instrumentation.  McClelland has met the necessities of the IAS Accreditations Standards for Testing Laboratories (AC89), has demonstrated compliance with ANS/ISO/IEC Normal 17025:2005, Common necessities for the competence of testing and calibration laboratories, and has been accredited, since November 12, 2012. Hazen Analysis Inc. (“Hazen”), an unbiased laboratory, has carried out flotation, AAO testing and cyanide leach testing on samples of sulphide mineralization from the YellowJacket zone and Swale space of Sierra Blanca, and roasting exams on Mom Lode flotation focus. Hazen holds analytical certificates from state regulatory companies and the US Environmental Safety Company (the “EPA”).  Hazen participates in efficiency analysis research to exhibit competence and maintains a big inventory of ordinary reference supplies from the Nationwide Institute of Requirements and Expertise (NIST), the Canadian Centre for Mineral and Power Expertise (CANMET), the EPA and different sources.  Hazen’s QA program has been developed for conformance to the relevant necessities and requirements referenced in 10 CFR 830.120 subpart A high quality assurance necessities, January 1, 2002. Useful resource Improvement Inc. is a state-of-the-art laboratory for metallic and industrial minerals filling a necessity for prime quality, cost-effective, and well timed technical providers for the worldwide mining business.

For added info see the technical report on the Mom Lode challenge entitled “Technical Report and Preliminary Financial Evaluation for BIOX Mill and Heap Leach Processing on the Mom Lode Undertaking, Bullfrog Mining District, Nye County, Nevada” dated November 21, 2020 with an efficient date of October 7, 2020, which is offered below Corvus’ profile on SEDAR at www.sedar.com.

In regards to the North Bullfrog & Mom Lode Tasks, Nevada

Corvus controls 100% of its North Bullfrog Undertaking, which covers roughly 90.5 km² in southern Nevada.  The property package deal is made up of plenty of personal mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims.  The challenge has glorious infrastructure, being adjoining to a serious freeway and energy hall in addition to a big water proper. The Firm additionally controls 445 federal unpatented mining claims on the Mom Lode challenge which totals roughly 36.5 km² which it owns 100%.  The whole Corvus 100% land possession now covers over 127 km², internet hosting two main new Nevada gold discoveries.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration and growth firm, centered on its near-term gold-silver mining challenge on the North Bullfrog and Mom Lode Districts in Nevada.  As well as, the Firm controls plenty of royalties on different North American exploration properties representing a spectrum of gold, silver and copper tasks.  Corvus is dedicated to constructing shareholder worth by way of new discoveries and the enlargement of its tasks to maximise share value leverage in an advancing gold and silver market.

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Government Officer

Cautionary Word Relating to Ahead-Trying Statements

This information launch accommodates forward-looking statements and forward-looking info (collectively, “forward-looking statements”) throughout the that means of relevant Canadian and US securities laws.  All statements, apart from statements of historic reality, included herein together with, with out limitation, statements relating to the attainable occasions, situations or monetary efficiency that’s based mostly on assumptions about future financial situations and programs of motion; potential enlargement of the deposit; the speedy and efficient seize of the potential of our Mom Lode challenge; the potential for brand spanking new deposits and anticipated will increase within the system’s potential; anticipated content material, graduation and value of exploration packages; anticipated exploration program outcomes and enlargement of present packages; the invention and delineation of mineral deposits/assets/reserves; the potential to find extra excessive grade veins or extra deposits; the expansion potential of the Mom Lode tasks; and the potential for any mining or manufacturing on the Mom Lode & North Bullfrog tasks, are forward-looking statements.  Info regarding mineral useful resource estimates could also be deemed to be forward-looking statements in that it displays a prediction of the mineralization that may be encountered if a mineral deposit have been developed and mined.  Though the Firm believes that such statements are cheap, it may give no assurance that such expectations will show to be right.  Ahead-looking statements are usually recognized by phrases equivalent to: imagine, anticipate, anticipate, intend, estimate, postulate and related expressions, or are these, which, by their nature, check with future occasions.  The Firm cautions traders that any forward-looking statements by the Firm should not ensures of future outcomes or efficiency, and that precise outcomes could differ materially from these in ahead trying statements on account of varied elements, together with, however not restricted to, variations within the nature, high quality and amount of any mineral deposits which may be positioned, variations available in the market value of any mineral merchandise the Firm could produce or plan to supply, the Firm’s incapability to acquire any needed permits, consents or authorizations required for its actions, the Firm’s incapability to supply minerals from its properties efficiently or profitably, to proceed its projected development, to boost the mandatory capital or to be totally in a position to implement its enterprise methods, and different dangers and uncertainties disclosed within the Firm’s 2020 Annual Info Type and newest interim Administration Dialogue and Evaluation filed with sure securities commissions in Canada and the Firm’s most up-to-date filings with america Securities and Trade Fee (the “SEC”).  The Firm doesn’t undertake to replace any forward-looking statements, besides in accordance with relevant securities legal guidelines.  The entire Firm’s Canadian public disclosure filings in Canada could also be accessed through www.sedar.com and filings with the SEC could also be accessed through www.sec.gov and readers are urged to assessment these supplies, together with the technical stories filed with respect to the Firm’s mineral properties.

Cautionary Word to US Traders

NI 43-101 is a rule developed by the Canadian Securities Directors which establishes requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral tasks.  Until in any other case indicated, all useful resource estimates contained in or included by reference on this press launch have been ready in accordance with NI 43-101 and the rules set out within the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Requirements on Mineral Useful resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the “CIM Requirements”) as they might be amended on occasion by the CIM.

United States traders are cautioned that the necessities and terminology of NI 43-101 and the CIM Requirements differ considerably from the necessities and terminology of the SEC set forth within the SEC’s Business Information 7 (“SEC Business Information 7”).  Accordingly, the Firm’s disclosures relating to mineralization is probably not akin to related info disclosed by corporations topic to SEC Business Information 7.  With out limiting the foregoing, whereas the phrases “mineral assets”, “inferred mineral assets”, “indicated mineral assets” and “measured mineral assets” are acknowledged and required by NI 43-101 and the CIM Requirements, they aren’t acknowledged by the SEC and should not permitted for use in paperwork filed with the SEC by corporations topic to SEC Business Information 7.  Mineral assets which aren’t mineral reserves shouldn’t have demonstrated financial viability, and US traders are cautioned to not assume that each one or any a part of a mineral useful resource will ever be transformed into reserves.  Additional, inferred assets have a large amount of uncertainty as to their existence and as as to if they are often mined legally or economically.  It can’t be assumed that each one or any a part of the inferred assets will ever be upgraded to a better useful resource class.  Underneath Canadian guidelines, estimates of inferred mineral assets could not kind the premise of a feasibility examine or prefeasibility examine, besides in uncommon instances.  The SEC usually solely permits issuers to report mineralization that doesn’t represent SEC Business Information 7 compliant “reserves” as in-place tonnage and grade regardless of unit quantities.  The time period “contained ounces” will not be permitted below the foundations of SEC Business Information 7.  As well as, the NI 43-101 and CIM Requirements definition of a “reserve” differs from the definition in SEC Business Information 7.  In SEC Business Information 7, a mineral reserve is outlined as part of a mineral deposit which might be economically and legally extracted or produced on the time the mineral reserve dedication is made, and a “closing” or “bankable” feasibility examine is required to report reserves, the three-year historic value is utilized in any reserve or money circulation evaluation of designated reserves and the first environmental evaluation or report have to be filed with the suitable governmental authority. The mine economics offered herein and derived from the PEA are preliminary in nature and is probably not realized. The PEA will not be a feasibility examine. U.S. traders are urged to think about intently the disclosure in our newest stories and registration statements filed with the SEC. You’ll be able to assessment and procure copies of those filings at http://www.sec.gov/edgar.shtml. U.S. Traders are cautioned to not assume that any outlined useful resource will ever be transformed into SEC Business Information 7 compliant reserves.

This press launch will not be, and isn’t to be construed in any means as, a suggestion to purchase or promote securities in america.

The USA Securities and Trade Fee (“SEC”) limits disclosure for U.S. reporting functions to mineral deposits that an organization can economically and legally extract or produce. Useful resource estimates contained on this press launch are made pursuant to NI 43-101 requirements in Canada and don’t symbolize reserves below the requirements of the SEC’s Business Information 7. Underneath the presently relevant SEC Business Information 7 requirements, a “closing” or “bankable” feasibility examine is required to report reserves, the three-year historic common value is utilized in any reserve or money circulation evaluation to designate reserves and all needed permits and authorities approvals have to be filed with the suitable governmental authority. This press launch makes use of the phrases “Measured Assets”, “Indicated Assets”, and “Inferred Assets”. We advise U.S. traders that whereas these phrases are Canadian mining phrases as outlined in accordance with NI 43-101, such phrases should not acknowledged below SEC Business Information 7 and usually should not permitted for use in stories and registration statements filed with the SEC. Mineral assets described on this press launch have a large amount of uncertainty as to their financial and authorized feasibility. The SEC usually solely permits issuers to report mineralization that doesn’t represent SEC Business Information 7 compliant “reserves” as in-place tonnage and grade, regardless of unit measures. “Inferred Assets” have a large amount of uncertainty as to their existence, and nice uncertainty as to their financial and authorized feasibility. It can’t be assumed that all or any a part of an Inferred Useful resource will ever be upgraded to a better class. U.S. Traders are cautioned to not assume that any half or all of mineral deposits in these classes will ever be transformed into SEC Business Information 7 reserves.