Gander Gold Corp. provided an exploration update on its wholly-owned 485-sq. km Gander North Project.

RAB Drilling: RAB drilling is an advanced exploration tool designed to prioritize the most prospective first-ever diamond drill targets for the next phase at Gander North. RAB drill hole targeting is performed by combining airborne MAG/VLF data, with LiDAR, soil geochemistry results, ground VLF-EM profiles and geological mapping, as required. Handheld XRF measurements are being taken on a homogenized sample generated for every 1.52m RAB drill rod, prior to samples being sent for assay.

Additionally, a televiewer tool is being inserted in each drill hole to aid in identifying and plotting structure and geology at depth. Preliminary results suggest Gander's methodology is succeeding at intersecting targeted structures while minimizing the environmental impact. Historically, excavation activities are undertaken at this exploration stage where outcrop is not abundant.

In addition to limiting the environmental footprint of the work being performed, Gander's methodology also aids in favourably managing cost and execution speed of the program. Gander Gold's follow-up exploration focus at Gander North are areas 1 through 7, 9, 10 and 14. Area 1 - Host to Jonathan's Third Pond Copper occurrence where Cu, Pb, Au, Ag mineralization has been recorded and confirmed by Gander Gold field crews.

Area 2 - Occurs immediately adjacent to the GRUB Line and is defined by surficial till anomalies and Gander Gold soil geochemistry results up to 1432.1 ppb Au. Areas 1 and 2 are defined by multi-element soil geochemistry anomalies As, Ag, Bi, Cu, Co, Mo, Ni, Pb and Sb. This multi-element geochemistry signature is indicative of potential mesothermal - epithermal gold mineralization occurring in Areas 1 and 2. Area 3, 5 - Returned very good Au-in-soil results associated with interpreted north-northeast trending structures that splay off prominent northeast primary structures.

Area 4 - Occurs immediately east of the MAG high where geological mapping has defined favourable structure associated with brecciated weakly mineralized quartz veining. Area 6 - Defined by high-density soil geochemistry along 10 km of a northeast structure that horsetails at its eastern end to a north-northeast direction. Au, Ag, Bi and Sb soil geochemistry align with the intersection of northeast trending and north-northeast trending structures.

Significant quartz veining has been mapped and multiple Au-in-soil results >100 ppb Au occur along this trend. Area 7 - Similar to Area 6, area 7 was covered by high-density soil geochemistry and returned an Au-in-soil value of 756.1 ppb Au. Parallel to Area 6, northeast trending structures are recognized across this portion of Gander North.

Quartz veins outcrop within this area. Coincident with Au-in-soil are Ag, As, Bi and Cu anomalies, while two samples collected by prospectors at the northeast end of Area 7 returned 4,450 ppm Cu and 4,260 ppm Cu occurring in outcrop. Of note, further along strike, approximately 8 km, is the Wing Pond Au showing with up to 12.2 g/t Au.

Area 9 - Structure parallel to Areas 6 & 7. Multi-station Au-in-soil anomaly occurs at its northeast end. Areas 10 & 14 - Area 10 is a parallel structure to Area 7 with up to 555.3 ppb Au-in-soil. Area 14 is the possible east extension of Area 10 where up to 797.2 ppb Au-in-soil has been recorded.