AEX Gold Inc. provided an update on the Corporation's 2019 drilling program on its 100% owned Nalunaq license in South Greenland. New Main Vein intersections in an area down-dip of historic workings in the past producing Nalunaq Mine supports the exploration target described in the project's technical report entitled "An Independent Technical Report on the Nalunaq Gold Project, South Greenland" dated March 20, 2017 (effective date of December 16, 2016), prepared for Nalunaq A/S by SRK Exploration Services Ltd. Drilling in 2019 aimed to test the projected extension of the South Block mineralization. Results are encouraging, with a high-grade intersection in AEX1902, and a 25 centimetres quartz vein intersected 350 meters from existing workings in hole AEX1905, confirming the presence of Main Vein at sea level, outside of the inferred resources described in the Nalunaq Technical Report. It should be noted that at Nalunaq, drilling is used primarily to determine the presence of Main Vein and has not been a good predictor of gold grades historically. The high variability of gold grades in high-nugget deposits such as Nalunaq means accurate estimation of grade from drilling data alone is challenging. Historic operators of the Nalunaq project defined mineral resources based predominantly on underground channel sampling from development drives, and drilling was only used as a guide to confirm the presence and thickness of the Main Vein. A comparison of all past surface drilling in mined areas with block model grades (estimated from underground channel samples which reconcile with production) suggests that surface drilling typically under-calls gold grade (Figure 3). This phenomenon is not unique to Nalunaq, and AEX emphasises that whilst drilling is useful for identifying the mineralised structure, it is not a reliable indicator of grade. With this in mind, the 2019 drilling program has been successful, locating the Main Vein structure in 6 holes. Ultimately, underground exploration development will be required in order to estimate grade and mineral resources above the inferred category. Selective sampling of historic cores may have missed the Main Vein structure where there is no well- developed quartz vein. High gold grades can also occur in such cases, which are often subtle in appearance, for example the 46.1 g/t over a 0.87 meter true width intersection in hole AEX1902. In light of this, drill core from the 2017 drilling campaign will be resampled early in the 2020 season. Those parts of the drill hole which were selected for sampling were cut in half using a diamond blade core saw. Where a bottom of hole orientation line was present, the cut line was marked approximately 5 degrees off axis, and the right-hand side of the core was sampled. Drill core samples were placed into calico bags with a sample ticket, weighed, and assigned a sample ID. Each sample was sealed with a security tag, which assigns a unique security ID to the sample. Samples were transported from site to an accredited laboratory for analysis; ALS, OMAC Laboratories, Loughrea, Co Galway, Ireland. Sample preparation scheme PREP-31BY was used on all samples. This involves crushing to 70% less than 2mm, rotary split off 1 kg, and pulverizing the split to better than 85% passing 75 microns. Samples were then analysed by fire assay technique Au-AA26 which has a detection limit of 0.01 ppm Au. Samples containing visible gold and samples considered to be the Main Vein were assayed with screen-metallics fire assay technique Au-SCR24 which has a detection limit of 0.05 ppm Au.