SOLGOLD UPDATES DRILLING PROGRAMS AT SIX PROJECTS

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SolGold (LSE:SOLG) (TSX:SOLG) provided a combined exploration update for six projects – Porvenir, Blanca, Rio Amarillo, La Hueca, Sharug and Cisne Loja – among its 75 regional concessions in 14 of Ecuador’s provinces.

Highlights include:

Porvenir – 25,000m drilling program for 2021 at the Cacharposa Target, whose initial results include 928m @ 0.53% CuEq

Blanca – 3000m drilling program for the Cerro Quiroz Target. Assays for first holes expected in the coming month.

Rio Amarillo – 12,000m drilling program at Varela target to start in 2Q21.

La Hueca – Target#6 drill rig reassigned to Porvenir project, but technical reviews continue at Target#6 to finalise further targets nearby.

Sharug and Cisne Loja – 3,000m drilling programs planned for mid-2021 at the Santa Martha and Celen targets. Scout drilling permits pending.

Fathom Geophysics 3D rendering of the Varela target at Rio Amarillo, showing porphyry system underneath the Varela lithocap area. Planned drill holes in green.

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