Mr. Daniel Whittaker reports

ANTLER GOLD ANNOUNCES HIGH GRADE GOLD ASSAYS FROM THE ELM TRENCH AND CONFIRMS INCREASED WIDTHS AT ALDER ZONE, WILDING LAKE GOLD PROJECT, NEWFOUNDLAND

Antler Gold Inc. has received final assays from the 2016 fall trenching program at the Wilding Lake gold project in central Newfoundland. The most recent data include high-grade gold assays from the Elm prospect and confirmation that portions of the Alder zone are wider than originally thought. These results further emphasize the potential of the largely untested structural corridor through the project.

Dan Whittaker, president and chief executive officer of Antler, stated: "These results indicate that the mineralizing system on the Wilding Lake project is capable of producing both very-high-grade gold and significant widths. The showings to date were discovered in a few short months by prospecting for quartz float along logging roads. We now have commenced our systematic exploration program over the remainder of the ground we currently control, and this work will continue through the winter months."

Cedar-Elm (CE) zone

The CE zone is located approximately 1.1 kilometres northeast of the Alder-Taz zone, and the high-grade assays received indicate the robust gold tenor in this particular area. The main shear vein, which attains widths of up to two metres, yields gold values ranging from one to 101.5 grams per tonne (g/t) gold, averaging 20.6 g/t gold (based on the 22 channels that sampled the shear vein). Trenching has exposed the vein for approximately 60 metres, and it remains open along strike in both directions. The style of mineralization is very similar to Alder, occurring as a northeast-striking and moderately to shallowly southeast-dipping quartz vein within sheared Rogerson Lake conglomerate. Free coarse gold is common and occurs in association with chalcopyrite, minor chalcocite and locally tourmaline.

Alder-Taz (AT) zone

Final assays from expanded trench work at Alder indicates the mineralized shear zone in the widened trench 1 now has an expanded apparent width of up to 10.55 metres. Previously reported assays in this trench yielded a composite saw-cut channel sample of 13.8 g/t gold over four metres. The mineralized zone has been expanded by several metres in each direction across strike (northwest and southeast), and revised composite channel samples include:

• 8.7 g/t gold over 6.65 metres (includes 13.8 g/t gold over four metres);
• 3.9 g/t gold over 6.05 metres;
• 6.5 g/t gold over 3.7 metres (includes samples of 19.2 g/t gold over 0.9 metre).

Trenching at the Alder showing has exposed the mineralized shear zone over a strike length of 100 metres. The Taz showing is located 125 metres along strike to the southwest of Alder. An updated trench map is available on Antler's website.

Dogberry zone

Grab samples collected from the Dogberry main vein have returned assay values of 26.8, 55.8 and 78.8 g/t gold. The mineralization at Dogberry is similar in tenor to channel sample results previously reported (press release dated Jan. 16, 2017). Late in the fall, the Dogberry trench was extended and uncovered several narrow quartz veins containing chalcopyrite within altered conglomerate. Grab sample results from the veins include 5.6, 15 and 27.8 g/t gold. A 0.5-metre channel across a similar vein in the same area assayed 7.8 g/t gold. Channel sampling of the altered conglomerate returned insignificant results. An updated trench map is available on Antler's website.

Summary

The Wilding Lake project encompasses 21,500 hectares and covers greater than 50 kilometres of prospective strike length following an important regional gold-bearing structural corridor immediately northeast of Marathon Gold Corp.'s Valentine Lake project. The project hosts multiple occurrences of newly discovered high-grade gold mineralization within shear-related quartz veins in an area that has not previously been systematically explored for gold. Antler has the option to acquire the project from Altius Resources Inc., and Altius will be the operator of the project during the option period. The 2017 winter exploration program has commenced with ground magnetic and IP (induced polarization)-resistivity geophysical surveys over the new gold occurrences, and an airborne triaxial magnetic geophysical survey will commence in early February covering the entire project at a 75-metre line spacing.

Quality control

Channel sample results are not necessarily indicative of a property's potential. The mineralized zone width is reported as apparent, as drilling is ultimately required to enable true width determination. Assays are uncut. All samples were collected by Altius personnel on site, sealed in bags and kept in a secure facility before shipping to the ALS Minerals laboratory in Sudbury, Ont. Gold was analyzed by 50-gram fire assay with ICP-AES or gravimetric finish for assays greater than 10 g/t gold. Exploration program design and field management, quality assurance/quality control, and interpretation of results were performed by Jeff Morgan, PGeo, exploration manager for Altius, and Dave Evans, PGeo, of Silvertip Exploration Consultants Inc., qualified persons employing a QA/QC program consistent with industry-best practices. Duplicate samples, blind standards and blanks were regularly submitted as part of the QA/QC program. Gold assay data were verified by checking the original laboratory assay certificates. Altius personnel are not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data.

Howard Bird, PGeo, director of Antler, is the qualified person as defined by National Instrument 43-101 guidelines responsible for the technical data presented herein, and has reviewed and approved this release.

We seek Safe Harbor.