Mr. Steve Roebuck reports

IN PREPARATION FOR GOING PUBLIC HIGH TIDE RESOURCES APPOINTS NEW BOARD OF DIRECTORS AND MANAGEMENT

Avidian Gold Corp.'s High Tide Resources Corp. has appointed a new board of directors. New board members include independent director Dr. Joseph Poveromo, a global authority in iron ore and steelmaking; independent director Serge Pelletier, a mining engineer with experience in small- to large-scale mining operations with BHP Billiton; Carol Seymour, who is currently a senior geologist with Altius Resources Inc. with extensive experience in the Labrador Trough; and Steve Roebuck, president and chief executive officer of Avidian. David Anderson will remain on the board in the role of chairman. High Tide is a majority-controlled private subsidiary of Avidian Gold, a company with advanced-stage gold assets in Alaska and Nevada.

High Tide director and interim chief executive officer Steve Roebuck stated: "As High Tide prepares to go public, it is essential to establish a dedicated board of directors who possess expertise with the commodities, the geology and the jurisdictions in which we are advancing our projects. I am delighted to welcome this group of talented mining people to the board, and I look forward to utilizing their expertise and guidance as we build High Tide into a provider of metals and minerals which are critical for building a sustainable, lower-carbon and greener economy. At this time, I would like to thank the Avidian directors -- James Polson, Doug Kirwin and Dino Titaro -- who are stepping down from the board. Their help in getting High Tide launched has been much appreciated."

Dr. Poveromo received his bachelor of science in chemical engineering from RPI in 1968 and his MSc (1971) and PhD (1974) in chemical engineering from SUNY (Buffalo). He is president of Raw Materials & Ironmaking Global Consulting. Dr. Poveromo is an internationally recognized steel industry authority on the technical and economic aspects of iron making (blast furnace and direct reduction), iron-making raw materials (iron ore and coke), including sintering and pelletizing processes, iron ore mining, processing and properties, and steelmaking metallics (merchant pig iron, DRI (direct reduced iron) and HBI (hot briquetted iron)). Dr. Poveromo has extensive experience working in the Labrador Trough, having worked for 15 years with ArcelorMittal Canada (the former Quebec Cartier Mining Company) as director of technology, international. During his time with Bethlehem Steel, he served on the technical committee of IOC (Iron Ore Company of Canada). More recently, he has advised on a number of iron ore operations and projects in the region.

Mr. Pelletier is a mining engineer who graduated from Montana School of Mines in 1994. Upon graduation, Mr. Pelletier joined BHP World Minerals at its New Mexico operations. Following two years in New Mexico, Mr. Pelletier and his family moved around the world for BHP -- Mali, Australia, Canada (Northwest Territories), South Africa, Canada (Saskatoon), the United States (Houston) -- before retiring in 2016 as the manager, North America, closed sites. In 2018, he took over the reconstruction office in Lac-Megantic, Que., to help rebuild the town after the train derailment disaster of 2013. During his career, Mr. Pelletier was involved in large mature mines, small operations, corporate office and exploration projects. During his tenure with BHP, Mr. Pelletier worked extensively in community relations with multiple stakeholders, including municipal, provincial, state and federal governments, including first nations.

Ms. Seymour was born and raised in Labrador City and received a bachelor of science with honours from Memorial University of Newfoundland in 2003. Since this time, she has been working as a geologist with Canadian junior mineral exploration companies, where she has gained valuable work experience both in Canada and internationally in the mineral exploration field. Ms. Seymour is a registered professional geoscientist with the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL) and currently works as a senior geologist with Altius Resources Inc. Through her role with Altius and internships at the Iron Ore Company of Canada, she has gained extensive experience working throughout the Labrador Trough on various iron ore exploration projects and was the project geologist for Altius's Kami and Julienne Lake iron ore projects.

Mr. Roebuck received his bachelor of science from Concordia University in 1994 and is a registered professional geoscientist with the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL). Mr. Roebuck has a diverse background with both open-pit and underground production experience, having worked for Royal Oak Mines and BHP Billiton in the Northwest Territories and exploration experience working for Placer Dome, Aur Resources and Advanced Explorations Inc. (iron ore) in Quebec and Nunavut. More recently, Mr. Roebuck has taken on executive roles, having been president of Scorpio Gold and is currently president and chief executive officer of Avidian Gold.

Qualified person statement

All scientific and technical information disclosed in this news release was prepared and approved by Steve Roebuck, PGeo, interim chief executive officer and vice-president, exploration, of High Tide Resources, who is a qualified person as defined by National Instrument 43-101 and has reviewed and approved this news release.

About High Tide Resources Corp.

High Tide is a private corporation that is focused on, and committed to, the development of advanced-stage mineral projects in Canada using industry best practices combined with a strong social licence from local communities. High Tide is earning a 100-per-cent interest in the Labrador West iron project located adjacent to IOC/Rio Tinto's 23-million-tonne-per-year Carol Lake mine in Labrador City, Nfld., and owns a 100-per-cent interest in the Lac Pegma copper-nickel-cobalt deposit, located 50 kilometres southeast of Fermont, Que. High Tide's majority shareholder is Avidian Gold.

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