Mr. Kevin Keough reports

GT GOLD'S SADDLE GOLD TARGET DELIVERS OUTSTANDING GOLD-IN-SOIL VALUES

GT Gold Corp. has released assays from an initial 11 of a total of 33 sequential soil samples collected in August this year from the company's Saddle gold target located on the Tatogga property in northwestern British Columbia, Canada. Only 11 of the 33 samples taken in August were initially assayed. Results for the remaining 22 soil samples, in addition to several hundred additional soil samples taken in October, are expected prior to Dec. 10.

The August sampling was carried out at roughly 10-metre intervals in a single line along a subtle east-west topographic low, possibly reflecting a buried structure, which transects for about 300 metres the western part of the Saddle South anomaly. The 11 assayed soil samples have returned an average value in soils of 0.80 ounce per short ton gold or 27.30 grams per metric tonne Au. The median soil assay is 14.75 grams per tonne Au.

The Saddle South anomaly is an entirely new prospect and has never been drilled. It represents among the more promising untested gold targets in B.C.'s Golden Triangle. The Saddle anomalies were first identified in previous programs conducted by GT Gold's wholly owned subsidiary, New Chris Minerals Ltd., in 2013 and 2014. They appear as separate and subparallel west-northwest-trending anomalies that at present cover at least 1.5 kilometres (Saddle South) and one kilometre (Saddle North).

The sampled part of the Saddle South anomaly occupies a largely moss-covered, saddle-shaped upland ridge with very little outcrop. Where parts of the anomalous zones do outcrop, veining and alteration are subtle and not overly apparent. For these reasons the Saddle gold anomalies were missed by early prospectors and geologists in the region.

In follow-up to the August sampling results, a further 265 soil samples were collected in early October on a 25-by-25-metre grid covering the immediate area where the reported samples were collected. The follow-up program was undertaken after the first snowfall of winter, just prior to shutting the program down for the season. These samples are currently being processed and results will be released when available.

Reporting on the present results, Charlie Greig, GT Gold's vice-president, exploration, stated: "These are exceptionally high soil geochemical samples. Typically a soil sample grade of 100 parts per billion (0.1 g/t) Au is noteworthy. Our low from these samples is 1,500 ppb (1.5 g/t) Au. Pending results of the 265 samples yet to come, we hope we'll ultimately have a core of exceptionally high-tenor soils surrounded by a west-northwest linear trend of what would normally be considered excellent values. We may be just getting a peek at this system."

Commenting further, Kevin Keough, president and chief executive officer, stated: "Starting with the early work in 2013 and 2014, the team has done a great job developing this initial target to near drill-ready status. Our plan is to get back as soon as the weather allows, complete ground-based induced polarization over the target area, then put a drill on the ground. We could well be near the top of an intact system -- relatively uneroded and covered just enough that the old timers didn't find it."

                               TABLE OF RESULTS 
 
Sample                                        Assay                    Assay
No.                                 grams per tonne           ounces per ton

TG16D009                                       5.57                     0.16
TG16D010                                      11.75                     0.34
TG16D011                                      13.30                     0.39
TG16D012                                      14.75                     0.43
TG16D013                                      48.90                     1.43
TG16D014                                       1.44                     0.04
TG16D015                                      19.15                     0.56
TG16D024                                      72.30                     2.11
TG16D025                                      69.50                     2.03
TG16D026                                      40.60                     1.18
TG16D027                                       3.00                     0.09
Average                                       27.30                     0.80 

Quality assurance and quality control

GT Gold maintains strict quality assurance/quality control protocols for all aspects of its exploration programs. This includes the systematic insertion of blanks and standards into each sample batch. Soil samples were collected in individually labelled craft paper bags, packed in sealed plastic bags, and shipped by transport in sealed woven plastic bags (rice bags) to ALS Minerals laboratory facilities in North Vancouver. All samples reported in this release were first analyzed by ALS Minerals using a certified and industry-standard multielement geochemical package for gold and other elements on a 50-gram split. All samples returned initial overlimits (greater than one ppm), and subsequent 30-gram sample splits were fire assayed, with an atomic absorption finish.

Charlies J. Greig, MSc, PGeo, vice-president, exploration, for GT Gold and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this press release.

We seek Safe Harbor.