Mr. David Adamson reports

SOLSTICE GOLD ANNOUNCES RESULTS OF SIX HOLE RECONNAISSANCE DRILL PROGRAM FROM ITS MELIADINE AREA GOLD PROJECT, NUNAVUT

Solstice Gold Corp. has released results from a six-hole reconnaissance-scale diamond drill program on the 45-square-kilometre Enterprise target area, part of the company's 100-per-cent-owned, 928-square-kilometre landholdings in the Meliadine area, located only 26 kilometres from Rankin Inlet, Nunavut. The prime objective of the drill program was to test for gold potential in the land accessible portions of the Enterprise area, a five-square-kilometre rotated block underlain by prospective rocks developed adjacent, and related, to a regional-scale break, or shear zone.

Summary

The program intersected variably altered and sulphide-bearing iron formations in five out of six holes. Elevated gold is present in three out of six holes. In the South Enterprise Target area, each of the two holes in this area returned wide sections of elevated gold. Significant results are tabulated below:

Hole No.             Target       From        To  Core length           Au
                                    (m)       (m)          (m)        (g/t)

2019-02    South Enterprise     229.00    233.95         4.95         0.26 
                                298.30    303.90         5.60         0.25 
2019-05    South Enterprise     253.66    258.43         4.77         0.21 
                                264.75    269.55         4.80         0.18 
                                272.23    273.17         0.94         1.14 
2019-06             Grizzly     109.00    110.00         1.00         0.25

A review of all drill holes is provided below.

South Enterprise target

Hole 2019-02: Six separate iron formations were intersected ranging from 4.55 metres (m) to 26.14 m core length (average equals 12.4 m). Two sections of elevated gold are present, both hosted in altered (grunerite-bearing) and variably sulphidic iron formation. A second follow-up hole (2019-05) was completed approximately 50 m west and approximately 30 m below 2019-02.

Hole 2019-05: Six separate iron formations are present ranging from 4.59 m to 19.18 m core length (average equals 9.8 m) with elevated gold in sulphide-rich iron formation (5 to 15 per cent pyrrhotite) between 253.66 m and 258.55 m downhole and 264.75 to 274.25 m downhole (2 to 15 per cent pyrrhotite).

Westshore Enterprise Lake target

Hole 2019-03: This drill hole intersected a 22-metre section (core length) of variably sulphidic garnet and grunerite-bearing iron formation, 1.1 kilometres (km) on strike of the South Enterprise target. Only weakly anomalous gold (maximum of 0.1 gram per tonne (g/t) gold (Au) over one metre core length) was returned.

Hole 2019-04 (Westshore Enterprise Lake): Drilled approximately 1.1 km to the northwest of 2019-03, this hole intersected a 5.8-metre grunerite-bearing section with generally minor sulphide mineralization. It confirms that prospective iron formation is likely continuous over approximately three km strike length between this hole and the South Enterprise area.

Megafold and Grizzly targets

Hole 2019-01: This hole intersected multiple (12) iron formation intervals ranging in core length from 0.97 m to 17.45 m (average equals 7.1 m) with locally altered sections carrying minor pyrite and quartz veining. While gold values were not significant, the drill hole confirms the presence of iron formations on strike to those hosting the Aqpiq showing to the west (Agnico claims) where drilling in 2005 returned up to 9.6 g/t over 3.2 m (Aqpiq showing) and thus opens up approximately five km of strike length westward toward the company's claim boundary with Agnico.

Hole 2019-06 (Grizzly fault): Drilled to test major fault splay structure with weak magnetic/EM signature. This hole intersected a 6.1-metre carbonate-bearing variably pyritic schist containing local graphite and quartz vein breccia. The bottom one-metre section of the drill hole (109.00 to 110.00 m) returned an elevated 0.25 g/t Au. The observed assemblages and locally elevated gold suggest that the plus-12-kilometre-long, previously undrilled Grizzly fault zone is a significant target.

"With this reconnaissance drill program, its important to note that we have tested only the edge of the five-square-kilometre Enterprise target where it was accessible by land-based drilling. Nevertheless, we have demonstrated from mapping and now drilling that the ingredients for gold mineralization are in place; namely numerous, thick altered and sulphide-bearing iron formations with locally strongly elevated gold over appreciable widths. More systematic drilling of the Enterprise target area to locate potentially higher-grade mineralization is warranted, particularly in lake-covered areas. There are numerous other drill-ready targets in the area, specifically those to the southwest of the Enterprise target where we have previously described extensive gold-in-boulder fields," stated David Adamson, executive chairman.

All drill core samples were collected in a secure location and shipped to Activation Laboratories Ltd. in Thunder Bay, Ont. A series of internal quality assurance programs were followed, which included security tags on all shipments and the insertion of certified reference material and blank material in regular intervals. Samples were processed at the lab for gold analysis by a 50-gram fire assay with finish by atomic absorption.

This news release contains information with respect to the Agnico Eagle's Aqpiq target, along with other gold targets owned by Agnico Eagle Mines, in respect of which the company has no interest or rights to explore or mine. Readers are cautioned that the company has no interest in or right to acquire any interest in any such properties and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the company's properties and there is no certainty of the same or similar deposits on the company's properties.

About Solstice Gold Corp.

Solstice is a new gold-focused exploration company engaged in the exploration of its 928-square-kilometre (100 per cent) district-scale Kahuna project and certain other rights covering an adjacent 805 square kilometres, all with no underlying option or earn in payments.

We seek Safe Harbor.