1911 Gold Corporation provided an update on the ongoing 18,000-metre drilling program on the 100% owned Rice Lake properties in Manitoba. The Phase II drilling program is primarily focused on testing high-grade targets in the Bidou and Tinney project areas that were identified in first pass drilling during the 2019-2020 Phase I program and were further delineated by 2020 field season results. A total of 6,075 metres in 24 drillholes have been drilled, with assays received for the first 1,779 metres from 6 drillholes. Highlights: Drillhole BL-20-005 returned 5.99 g/t Au over 3.3 metres, including 7.98 g/t Au over 1.5 metres, from the Bidou South Target, followed 10 metres downhole by a second intercept of 1.65 g/t Au over 4.4 metres – indicating stacked zones of gold mineralization in this location Drillhole BL-20-010, drilled on the same section as BL-20-005 to test these zones to depth, also returned two zones of gold mineralization, including 0.59 g/t Au over 2.6 metres, followed 7 metres downhole by 4.52 g/t Au over 1.5 metres, the latter including 6.24 g/t Au over 0.9 metres At the Bidou Shear Target, drillhole BS-20-004 intersected stockwork quartz veins and strong alteration over a core length of 10 metres, returning 4.73 g/t Au over 2.3 metres, including 15.1 g/t Au over 0.5 metres With two drill rigs now turning in the Tinney project area, which was inaccessible until recently pending freeze-up, the Company anticipates strong news flow as it begins follow up drilling of high-grade mineralization discovered in the Phase I drilling program 1911 Gold has a cash balance of $10.0 million (as of December 31, 2020) and the Phase II drilling program is fully funded: The Rice Lake properties are located on the Archean Rice Lake greenstone belt, which is the western extension of the prolific Red Lake belt in adjacent Ontario. The Company's consolidated, district-scale land position, totaling 54,344 hectares, covers a 70-kilometre-long section of a crustal-scale 'break'—referred to as the Wanipigow Fault—that represents a principal control on orogenic gold in the Rice Lake–Red Lake district. Included in this release are results from the initial six drillholes, totalling 1,779 metres (Table 1), of the planned 18,000 metre Phase II program, which was initiated with one drill rig on October 31, 2020 and has since been expanded to three drill rigs, towards a planned completion by March 31, 2021. Bidou Project: The initial six drillholes of the Phase II program tested two targets within the Bidou project area, including the Bidou South and Bidou Shear targets, both of which returned encouraging results from first-pass drilling in the Phase I program. Bidou South: Five drillholes were completed at Bidou South, along strike and to depth on a stacked series of structures that cut across a thick layered gabbro sill hosted by sedimentary rocks, analogous to the main ore-hosting unit at the 3-million-ounce True North gold deposit at Bissett. Drillhole BL-20-002, completed during the Phase I program, demonstrated the prospectivity of these structures, returning 2.17 g/t Au over 12.2 metres, including 3.70 g/t Au over 3.1 metres and 10.70 g/t Au over 0.8 metres (see news release dated April 30, 2020 for previous drilling results). Collared 70 metres to the west of BL-20-002 along strike, drillhole BL-20-005 tested the same structure at a similar elevation and returned 5.99 g/t Au over 3.3 metres (152.55–155.8 metres downhole), including 7.98 g/t Au over 1.5 metres (152.55–154.03 metres downhole), followed 10 metres downhole by a second intercept of 1.65 g/t Au over 4.4 metres (166.05–170.44 metres downhole). Both intercepts are associated with quartz-carbonate-tourmaline-pyrite veins in strongly sheared gabbro. These results confirm at least two gold-bearing zones within a thick structural zone in this location, which potentially correlates with the mineralized zone in BL-20-002. Drillhole BL-20-010, drilled on the same section as BS-20-005 to test this structure to depth, also returned two zones of gold mineralization, including 0.59 g/t Au over 2.6 metres (189.4–192.0 metres downhole), followed 7 metres downhole by 4.52 g/t Au over 1.5 metres (198.8–200.25 metres downhole), the latter including 6.24 g/t Au over 0.9 metres (199.35–200.25 metres downhole). These results strongly suggest continuity of the gold bearing structure both along strike and down dip in this location, and provide scope for additional drilling, particularly along strike to the east where the principal structure extends under Bidou Lake and will be tested by lake-based drilling during the Phase II program. Drillhole BL-20-003, drilled on the same section as BL-20-002, confirmed the presence of the targeted structures, yielding narrow zones of lower grade gold mineralization, the deeper of which (0.52 g/t Au over 1.2 m from 210.6 to 211.75 metres) may correlate with the lower of the mineralized zones intersected in drillholes BL-20-005 and BL-20-010. Bidou Shear: At the Bidou Shear target, located 1.7 kilometres east of Bidou South, quartz-carbonate-tourmaline veins are developed along a contact between sedimentary rocks and gabbro within the kilometre-scale Bidou Shear. Drillhole BS-20-004 intersected quartz-carbonate-tourmaline veins and strong alteration over a core length of 10 metres, returning 4.73 g/t Au over 2.3 metres (114.91–117.22 metres downhole), including 15.1 g/t Au over 0.5 metres (116.7–117.22 metres downhole). This drillhole was collared 75 metres along strike to the west-northwest of BS-19-001, which intersected 16.2 m of stockwork veins that returned 9.40 g/t Au over 0.7 m within a wider envelope of strongly anomalous gold values (see news release dated January 30, 2020 for previous drilling results). This structure remains untested by drilling for at least 650 metres along strike further to the west-northwest, providing considerable scope for follow-up drilling. 2020–2021 Phase II Exploration Drilling Program: As announced previously, the Phase II drilling program will be comprised of approximately 60 drillholes, totalling 18,000 metres of drilling, primarily following up on the successful Phase I program at the Tinney and Bidou projects. The program will also include first-pass drilling, totalling approximately 7,000 metres, of new targets that have been advanced to the drill stage at the Bidou, Tinney, Horseshoe, Poundmaker and Wanipigow East projects.