Mr. Tim Warman reports

FIORE GOLD LTD. REPORTS RESULTS FROM GOLD ROCK EXPLORATION DRILLING AND FURTHER CONSOLIDATION OF GOLD ROCK LAND PACKAGE

Fiore Gold Ltd. has provided results from eight exploration drill holes recently completed at its 100-per-cent-owned Gold Rock property, White Pine county, Nevada. The holes targeted three of nine previously identified target areas north of the Gold Rock resource area, which lies approximately eight kilometres southeast of Fiore's Pan mine. Gold Rock currently hosts an indicated resource of 238,700 gold ounces (9.0 million tonnes at 0.82 gram per tonne gold) and an inferred resource of 180,900 gold ounces (7.8 million tonnes at 0.72 g/t gold).

All eight holes intercepted the targeted Joanna limestone unit, with six of the eight holes encountering anomalous gold mineralization, including 6.1 m at 0.67 g/t gold in hole GR18-04. While the mineralization encountered was primarily seen in the altered Joanna limestone, mineralization also extended into carbonates in the base of the overlying Chainman formation and in some cases the top of the underlying Pilot shale.

Fiore has also further consolidated the Gold Rock land package by agreeing to acquire approximately 3.0 square kilometres of new ground north of, and on strike with, the Gold Rock mineralized trend. Fiore's wholly owned U.S. subsidiary agreed to acquire the claims from Ely Gold Royalties Inc. in return for a cash payment of approximately $10,000 (U.S.) and the granting of a 2-per-cent net smelter royalty. With the addition of this new area, Fiore now controls a contiguous land package of 200 square km that includes the Pan and Gold Rock deposits.

Tim Warman, Fiore's chief executive officer, commented: "The recent drilling program at Gold Rock was designed to test for the presence of altered and mineralized Joanna limestone between 1.8 and 4.8 km north of the current Gold Rock resource area, and we've been successful at identifying the right lithology, the controlling fault and fold structure, and anomalous gold mineralization at all three targets. Having demonstrated that gold mineralization is present for a considerable distance along the EZ fault and anticline structure, we've now extended our coverage along this structure through the acquisition of the Ely Gold claims. Fiore now controls approximately 16.5 km of strike length along the prospective EZ structure."

The next phases of drilling at Gold Rock are currently being planned for follow-up drilling at the three recently confirmed targets, as well as drilling to expand the existing resource. A priority target will be the central portion of the 2018 resource area, between the two resource pits. This area was not included in the current resource and has seen only limited, widely spaced, vertical holes that in many cases stopped in the upper portion of the mineralization. The deposit also remains open to the north of the existing resource area, where drilling density drops off rapidly.

Results of recent exploration drilling

Results for the eight holes reported here are shown in the attached table.

Hole                   Target                    From (m)  To (m)  Length (m)   Grade (g/t Au)

GR18-01            Laura Hill                       25.9    27.4         1.5             0.30
GR18-02            Laura Hill  no significant intercepts
GR18-03       Jasperoid Creek                       15.2    18.3         3.0             0.24
GR18-04       Jasperoid Creek                       76.2    88.4        12.2             0.67
and                                                 91.4    97.5         6.1             0.33
and                                                181.4   187.5         6.1             0.28
GR18-05       Jasperoid Creek                      114.3   117.3         3.0             0.17
GR18-06       Jasperoid Creek  no significant intercepts
GR18-07    Monte Hanging Wall                        1.5    27.4        25.9             0.20
GR18-08    Monte Hanging Wall                        6.1    22.9        16.8             0.17

The reverse circulation (RC) drilling was performed by Layne Christiansen of Chandler, Ariz. All holes were drilled at angles of minus 60 to minus 70 degrees at azimuths designed to intersect targeted structures as nearly as possible to perpendicular. Consequently, all intercepts reported here are believed to be approximately true width. Drill sampling was supervised by Fiore Gold geologists, with samples transported directly to ALS Minerals Lab in Reno, Nev., where samples were prepared and pulps generated. Fire assays were determined on a 30-gram charge with an AAS finish. An additional cyanide leach assay was also completed. Selected holes were also analyzed for a 48-element geochemical suite by ICP-MS. Fiore Gold conducts a significant quality assurance/quality control program which includes the insertion of assay standards, blanks, and duplicates in the sample stream to ensure the assay lab results are within specified performance levels. Down hole deviation surveys are provided by International Directional Services utilizing a surface recording gyroscope.

Gold Rock geology

Gold Rock is a Carlin-style, sediment-hosted, gold-only deposit. Mineralization at Gold Rock is hosted primarily by the Mississippian Joanna limestone and secondarily with the overlying Mississippian Chainman shale, the underlying Pilot shale. Mineralization is also found in faults and breccias associated with the EZ fault system and the EZ anti-cline.

The Jasperoid Creek and Laura Hill targets tested by the recent drilling program are located approximately 1.8 km north of the former EZ Jr (Easy Junior) open pit. The two targets straddle an apparent northwest- or northeast-oriented cross-fault that has exposed the crest of the Easy Junior anti-cline and the silicified Joanna limestone on the north side of the fault at Laura Hill. On the south side of the fault, the Jasperoid Creek target is buried under approximately 30 metres or less of younger gravels.

Holes GR18-01 to -03 were drilled at Laura Hill and encountered the Chainman-Joanna contact at 15 to 25 m downhole. Holes GR18-04 to -06 were drilled south of the cross-fault at the buried Jasperoid Creek target and encountered the Chainman-Joanna contact at 76 to 114 m downhole. Strong mineralization was seen in GR18-04, including 12.2 m of 0.67 gram per tonne Au.

The Monte Hanging Well target is located approximately 4,800 m north of the former EZ Jr open pit. In this area, strongly silicified Chainman shale and Joana limestones with significant gold are exposed at the surface east of the Easy Junior anti-cline and the inferred trace of the EZ fault. Holes GR18-07 and -08 were drilled at this target, but only the former reached the targeted Chainman-Joanna contact where strongly anomalous gold values were encountered (25.9 m of 0.20 g/t gold). Hole GR18-08 also encountered anomalous gold values (16.8 m at 0.17 g/t gold) in the Chainman formation above the contact with the Joanna limestone.

Corporate strategy

The company's corporate strategy is to grow Fiore Gold into a 150,000-ounce-per-year gold producer. To achieve this, it intends to: continue to grow gold production at the Pan mine, while increasing the resource and reserve base; advance exploration and development of the nearby Gold Rock project; and acquire additional production or near-production assets to complement its existing operations.

Qualified person

The scientific and technical information relating to Fiore Gold's properties contained in this press release was approved by Paul Noland, CPG, Fiore Gold's vice-president of exploration and a qualified person under National Instrument 43-101.

The resource estimate for the Gold Rock project is detailed in the "Technical Report on the Gold Rock Project, White Pine County, Nevada, USA," dated Oct. 25, 2018, and effective July 31, 2018. The report was prepared by Michael B. Dufresne, MSc, PGeol, PGeo, and Steven J. Nicholls, BA, Sc (geology), MAIG, of APEX Geoscience Ltd., both of whom are qualified persons as defined in NI 43-101 and independent of the company.

We seek Safe Harbor.