Mr. Roger Moss reports

LABRADOR GOLD INTERSECTS 31.86G/T OVER 0.45 METRES IN FOURTH HOLE AT NEW DROPKICK TARGET 3.4 KILOMETRES NORTHEAST OF BIG VEIN

Labrador Gold Corp. has released results from recent drilling targeting the highly prospective Appleton fault zone. The drilling is part of the company's continuing 100,000-metre diamond drilling program at its 100-per-cent-owned Kingsway project.

Highlights of the initial drilling at Dropkick include an intersection of 1.97 grams per tonne (g/t) gold (Au) over 9.45 metres from 198.55 metres, including 3.13 g/t over 5.45 metres and 31.86 g/t over 0.45 metre that contained visible gold in hole K-22-228B, the fourth hole in the target. Hole K-23-227 intersected 1.15 g/t Au over four metres from 123 metres and 1.06 g/t over 5.27 metres from 130.73 metres. Hole K-23-224 intersected 1.74 g/t Au over 5.07 metres from 170.93 metres, including 2.72 g/t over 3.16 metres. Dropkick is located approximately 3.4 kilometres northeast of Big Vein.

Continuing drilling at Big Vein returned near-surface gold values of 1.06 g/t Au over 9.63 metres from 47.64 metres, including 2.28 g/t over 2.26 metres in hole K-23-225, and 3.66 g/t Au over 1.04 metres from 11 metres in hole K-23-221.

"We are very encouraged by the initial drilling at the new Dropkick target, especially given its distance from Big Vein. Dropkick is the fifth of six targets where drilling intersected significant gold mineralization, a testament to the highly prospective nature of the Appleton fault zone on the Kingsway property, and the dedication of the LabGold team," said Roger Moss, president and chief executive officer of Labrador Gold. "The five targets occur over a 7.3 km long segment of the Appleton fault zone, but significant gaps still exist. We are optimistic that ongoing target development and drilling in these gaps will lead to further discoveries at Kingsway."

Almost 72,000 metres have been drilled to date out of the planned 100,000-metre program. Assays are pending for samples from approximately 4,730 metres of core.

The company has approximately $14-million in cash and is well financed to carry out the remaining 28,000 metres of the planned drill program, as well as further exploration to add to the current pipeline of drill targets on the property.

Quality assurance/quality control

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Nfld., for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30-gram fire assay with atomic absorption finish, as well as by ICP-OES (inductively coupled plasma optical emission spectrometry) for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than one g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5 per cent of the total samples in each batch.

Qualified person

Mr. Moss, PhD, PGeo, president and chief executive officer of Labrador Gold, a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

Upcoming webinar

The company is also pleased to announce that Mr. Moss, Labrador Gold CEO, will be presenting an exploration update on the Kingsway project in a live webinar taking place on Tuesday, June 27, at 9:30 a.m. PT (12:30 p.m. ET). Register for the event on-line.

The company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources' Junior Exploration Assistance (JEA) program for its financial support for exploration of the Kingsway property.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold's flagship property is the 100-per-cent-owned Kingsway project in the Gander area of Newfoundland. The three licences comprising the Kingsway project cover approximately 12 kilometres of the Appleton fault zone, which is associated with numerous gold occurrences in the region. Infrastructure in the area is excellent, located just 18 km from the town of Gander, with road access to the project, nearby electricity and abundant local water. Labrador Gold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton fault zone, with encouraging results. The company has approximately $14-million in working capital and is well financed to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt, which stretches over 60 km. The belt is typical of greenstone belts around the world, but has been underexplored by comparison. Work to date by Labrador Gold shows gold anomalies in rocks, soils and lake sediments over a three-kilometre section of the northern portion of the Florence Lake greenstone belt, in the vicinity of the known Thurber Dog gold showing, where grab samples assayed up to 7.8 g/t gold. In addition, anomalous gold-in-soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated Jan. 25, 2018, for more details). Labrador Gold now controls approximately 40 km of strike length of the Florence Lake greenstone belt.

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