Mr. David Adamson reports

SOLSTICE MOBILIZING FOR 2019 EXPLORATION PROGRAM AND ADDS MELIADINE EXPLORATION EXPERIENCE TO TEAM

Solstice Gold Corp. has begun mobilization in advance of its field program at its 100-per-cent-owned 928-square-kilometre Kahuna gold project, located near Rankin Inlet, Nunavut. The company's claims are immediately adjacent to those controlled by Agnico Eagle Mines Ltd. which include the Meliadine mine.

The company has added Bruce (Sandy) Barham to its exploration team in the role of senior geological consultant. Mr. Barham has significant expertise in the region with extensive experience in the discovery, exploration, permitting and development of gold deposits. He worked with the team that collected the first samples along the Meliadine trend, on the team that completed the first diamond drill program on Agnico Eagle's Meadowbank deposit, identified the potential of the Amaruq deposit (now 2.9 million ounces of gold reserves) and was part of the team that saw the Meliadine project establish a five-million-ounce global resource prior to the Comaplex sale to Agnico Eagle. He mapped the Meliadine property and conducted geological, geophysical and diamond drilling programs within the project area. He has completed numerous reports on the geology and gold occurrences of the Meliadine land package, and is an expert in the geology and styles of mineralization in the Meliadine area. It is worth noting that Mr. Barham's crew discovered the Aqpik target, which lies on Agnico Eagle claims immediately adjacent to the company's main target area where diamond drilling has returned economically significant results.

Executive chairman David Adamson stated: "Given Sandy's extensive exploration experience in the immediate vicinity of our project and his depth of geologic understanding of the region, we are very pleased to have him on board. He is a great complement to our strong, technically focused team and we are looking forward to him and the team getting boots on the ground this coming season."

The following is a brief summary of 2018 project highlights and phase I follow-up plans for the upcoming 2019 field season.

2018 highlights

Solstice's 2018 field season, which was the first systematic gold-focused exploration program on the property, was pivotal in demonstrating gold potential over a significant portion of the company's project area. Solstice collected 2,049 high-resolution till samples, 2,905 boulder and outcrop samples, and conducted 1,675 line kilometres of ground magnetic surveying (see Solstice news releases dated June 19, 2019, Nov. 13, 2018, and Nov. 27, 2018, for additional details). As a result, the company was able to confirm that much of its property position is underlain by the right rocks (iron formations) major structures and widespread occurrences of elevated gold in rocks -- all key elements required to form Meliadine-type gold deposits. Highlights include:

• Up to 66 grams per tonne gold in boulders in the Qaiqtuq area (within the QEMS target), part of an extensive (four square kilometres) boulder field with elevated gold and local arsenopyrite. Gold and arsenopyrite are associated with many of the Meliadine area gold deposits.
• Gold values up to 5.74 g/t in iron formation occur in outcrop in the same area as the high-grade boulders.
• Many of the boulders are interpreted to be locally derived due to their association with gold-bearing outcrop, their large size, angularity and relative abundance.
• Significantly, the Qaiqtuq boulder field was discovered late in the 2018 field season and, as such, has only been partially explored over its inferred three km strike length.
• At least three target areas occur in close proximity to Qaiqtuq based on the presence of gold plus/minus magnetic and/or electromagnetic anomalies which are related to an extensive regional magnetic low which is interpreted to be related to alteration and mineralization in this area. Collectively, the company calls this 45 sq km area QEMS.
• Beyond QEMS, work to date has identified three areas with significant gold in rocks plus/minus large gold-in-till anomalies. These are summarized in the included table and described below:
  • Megafold NWL, located on the northwestern limb of a very large regional fold. Of a total of 60 boulder and 131 outcrop samples, 21 (11 per cent) contain greater than 0.5 g/t gold including a maximum value of 24.4 g/t gold from a one-metre-wide quartz vein in iron formation outcrop. Mapping and magnetic data in the five km long target area suggest the presence of numerous parallel and likely folded iron formation units. (1)
  • South Westeros, located on the southern limb of the Westeros fold where highly magnetic units (likely iron formation) are cut by faults. Grab samples include up to 11.66 g/t gold in iron formation (boulder grab sample by RPA, September, 2018) associated with a three sq km strong (greater than 90th percentile) gold in till anomaly (see Solstice news release dated Nov. 27, 2018) including highly elevated values of 970 parts per billion, 703 ppb and 562 ppb. (1)
  • North Westeros, located along the north limb of the Westeros fold which is interpreted to be coincident with large, regional fault structures. Grab samples include a maximum of 12.7 g/t gold from a boulder of quartz veined metasediments. (1)

In summary, the company has documented gold for the first time over a wide area in rocks which the company believes correlate with those in the Meliadine area. Taken together with a major re-evaluation of detailed (15 m gridded) magnetic and electromagnetic data covering the company's entire property, Solstice has successfully identified target areas which it will aim to advance to the drilling stage, particularly in the QEMS area. The company is keen to follow up on these positive results in its upcoming 2019 field program.

Area                     Type   Number of    Range g/t  80th percentile  90th percentile   95th percentile
                                  samples         gold         g/t gold         g/t gold          g/t gold

Total project   Boulder (grab)      1,946   0.005-54.9             0.15             0.44               1.0        
                Outcrop (grab)      1,536   0.005-24.4             0.04             0.11              0.29        
Qaiqtuq target  Boulder (grab)        613   0.005-54.9             0.44             1.01              1.89        
                Outcrop (grab)         18   0.005-5.47               na               na                na         
Megafold NWL    Boulder (grab)         60   0.005-5.79             0.11             0.36              1.73        
                Outcrop (grab)        131   0.005-24.4             0.20             0.55              0.95        
North Westeros  Boulder (grab)         98   0.005-6.47             0.08             0.16              1.03        
                Outcrop (grab)         73   0.005-12.7             0.02             0.06              0.18    
South Westeros  Boulder (grab)         63  0.005-0.816             0.04             0.14              0.42
                Outcrop (grab)         77    0.005-3.6             0.08             0.29              1.32

Agnico Eagle's Meliadine mine, which is scheduled to reach commercial production this month, is only seven km from Solstice's claims in the Rankin gold belt. The company believes, by analogy to other producing districts, that there is significant potential for new discoveries in what the company considers to be an emerging gold district. As large land holders in the region (the company's property would contain three core Timmins-size districts), and having demonstrated the company has the right rocks, structures and widespread gold in many areas, the company is excited to join the hunt for the next potential gold discovery.

(1) Assay results from grab samples (boulders and outcrop) are selected samples and are not necessarily representative of the mineralization hosted on the property. Grab sample weights range from 0.75 kg to three kg. See Solstice news release dated Nov. 13, 2018, for additional information and disclosure.

Ian Russell, PGeo, vice-president of exploration, is the qualified person, as defined by National Instrument 43-101 standards, responsible for reviewing and approving the technical content of this news release.

About Solstice Gold Corp.

Solstice is a new gold-focused exploration company engaged in the exploration of its 928 sq km (100 per cent) district-scale Kahuna project and certain other rights covering an adjacent 805 sq km, all with no underlying option or earn-in payments. Kahuna is located in Nunavut, only 26 km from Rankin Inlet and approximately seven km from the Meliadine gold deposits owned by Agnico Eagle Mines. Solstice is committed to responsible exploration and development in the communities in which it works.

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