Mr. Larry Nagy reports

DAMARA ANNOUNCES APPOINTMENT OF RON PARRATT TO THE BOARD

Damara Gold Corp. has appointed Ronald L. Parratt as director of the company. Mr. Parratt has over 40 years of exploration experience for precious metals, including service with Santa Fe Pacific Gold Corp., Homestake Mining Company, AuEx Ventures Inc. and Renaissance Gold Inc. During his years of precious metals experience, Mr. Parratt had direct involvement in the discovery of several large gold deposits, including Rabbit Creek (now Twin Creeks (greater than 10 million ounces), Lone Tree (five million ounces), Trenton Canyon (one million ounces), Gold Hill (two million ounces) and Long Canyon (greater than three million ounces) gold mines in the Great basin of Nevada.

Mr. Parratt is a graduate of Purdue University with degrees in geochemistry and economic geology. He is a certified professional geologist with the American Institute of Professional Geologists, a registered geologist in California and a professional geologist in Wyoming. He is a fellow of the Society of Economic Geologists, and a past president of the American Exploration and Mining Association. Mr. Parratt is a distinguished member of Society for Mining, Metallurgy and Exploration, and president elect of the society. He is also a member of the elite Casey Explorers' League.

Larry Nagy, chief executive officer, commented: "We are very pleased to welcome Ron Parratt to the company's board. Ron's expertise in the mining industry will be a huge benefit to the company and will strengthen the board's skill sets moving forward."

The company further announces the resignation of William Yeomans as director effective Jan. 21, 2022. The company wishes to thank Mr. Yeomans for his support and guidance during his tenure, and wishes him well in his future endeavours.

Option grant

Effective today the company has granted an aggregate 300,000 stock options to directors of the company.

The options are exercisable for a period of five years at a price of eight cents per common share in accordance with the terms of the company's 10-per-cent rolling stock option plan approved by shareholders on June 29, 2021.

About Damara Gold Corp.

Damara Gold is a TSX Venture Exchange-listed mineral exploration company actively focused on the exploration of the Placer Mountain gold property, located in Princeton, B.C., held by 75-per-cent/25-per-cent joint venture with Universal Copper Ltd. Damara's board of directors is seasoned in the mineral exploration industry with extensive and successful international experience.

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