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Broadway Gold Mining Ltd
Symbol BRD
Shares Issued 37,459,204
Close 2018-06-14 C$ 0.17
Market Cap C$ 6,368,065
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Broadway Gold Mining discovers new soil anomaly

2018-06-14 11:54 ET - News Release

Mr. Thomas Smeenk reports

NEW DISCOVERY INCREASES UNDERSTANDING OF BROADWAY'S PORPHYRY SYSTEM

Broadway Gold Mining Ltd. has discovered a new soil geochemistry anomaly located 1.86 miles south of the Madison and Broadway mines situated on the same contact zone and in close proximity to the Silver Star fault.

              GEOCHEMICAL TEST RESULTS (120 TOTAL SAMPLES)

Element       Sample set        Number of    Lowest-grade    Highest-grade
           average grade    samples above    anomaly (g/t)    anomaly (g/t)
                    (g/t)         average

Au                 0.022               24          0.0285            0.203                        
Ag                 0.131               29           0.131            0.544                        
Cu                  28.8               11            45.2             87.2                         
Mo                 0.756               15             1.1             7.92                         
Mn                   898               29             910            6,530                         
Pb                    50               16              66            1,515                         
Zn                   124               21           124.5              779 

"Broadway's technical team has delivered on a fifth major milestone," said Phillip Mulholland, chief geologist of Broadway. "These anomalies are worthy of additional testing as they are a surface expression of porphyry-related alteration and mineralization of the Silver Star fault zone, a major regional structure extending through the Madison property and continuing 23 miles to the northwest into the prolific, porphyry-based Butte mining district."

The soil anomalies consist of coincident gold, silver, copper, molybdenum, manganese, lead and zinc. The attached table lists the number of samples that reported above the numerical average of the sample set and the low values to high values indicated by the anomalies. Laboratory duplicates, blanks and standard samples confirm that good quality control standards were followed by the laboratory and by the ground team for this group of sample results.

A total of 120 assays are reported in this soil sample set. The new assay results indicate several coincident multielement anomalies that are consistent with porphyry-based mineralization.

"Successes like these, driven by our geology team's extensive local porphyry expertise, help drive an understanding of the value of our two historical copper-gold mines that sit on top of up to four square miles of the mineralizing system," said Thomas Smeenk, chief executive officer of Broadway.

This area became of interest to the geology team due to widespread argillic-silica alteration found along the Silver Star fault zone. The area is hosted by Pennsylvanian Quadrant formation overlain by Cretaceous Elkhorn Mountains volcanic andesite tuffs and tuff breccias on the east side of the fault and Archean gneiss and amphibolite to the west.

Additional soil sampling will be completed to the north of these anomalous areas.

Qualified person

R. Tim Henneberry, PGeo, Broadway's geologist and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Broadway Gold Mining Ltd.

Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The company owns a 100-per-cent interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The company is permitted for exploration and bulk sampling.

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