Mr. Brock Colterjohn reports

ONYX GOLD STRENGTHENS LEADERSHIP TEAM WITH APPOINTMENT OF VICE PRESIDENT, INVESTOR RELATIONS

Onyx Gold Corp. has appointed Vanessa Pickering as vice-president, investor relations, effective immediately.

"I am very pleased to welcome Vanessa to Onyx's senior management team," said Brock Colterjohn, president and chief executive officer of Onyx Gold Corp. "As Onyx continues to deliver strong exploration results and advance one of the most compelling new gold discoveries in Timmins, alongside a highly prospective district-scale portfolio in the Yukon, it is critical that our story is communicated clearly, consistently and credibly to the investment community."

"Vanessa brings a proven track record of building investor awareness, supporting institutional ownership and guiding companies through key value-creation milestones. Importantly, she also brings deep experience in the Yukon and a strong understanding of community and first nations engagement, which is essential as we responsibly advance our exploration programs and build long-term value. Her addition to the team comes at a pivotal time for Onyx as we continue to grow and execute."

In her role, Ms. Pickering will work closely with the executive team to lead Onyx's investor relations strategy, including engagement with shareholders, institutional investors, analysts and other stakeholders as the company advances its high-impact exploration programs in Timmins, Ont., and the Yukon.

About Ms. Pickering

Ms. Pickering brings more than 20 years of experience in the mineral exploration and mining sector, with extensive expertise in investor relations, corporate communications and capital markets across exploration, development and production-stage companies.

Most recently, Ms. Pickering served as manager, investor relations, at Orezone Gold Corp., where she supported the company's evolution from a single-asset developer into a multiasset gold producer. Prior to her position at Orezone, she was manager, corporate communications and development, at IDM Mining Ltd. until its acquisition in March, 2019.

Earlier in her career, Ms. Pickering spent more than seven years at ATAC Resources Ltd., where she developed long-standing experience in Yukon-based exploration, stakeholder communications and meaningful engagement with local communities and first nations.

Equity incentive grants

The company also announces the following issuances as of today, pursuant to the company's omnibus incentive plan:

1.01 million restricted share units (RSUs) to directors and officers of the company, including 75,000 RSUs issued to Ms. Pickering. Each RSU entitles the holder to acquire one share of the company on vesting. All of the above RSUs are subject to the following vesting schedule: one-third vesting 12 months after the grant date; one-third vesting 24 months after the grant date; and one-third vesting 36 months after the grant date.

1,415,000 incentive stock options granted to officers, directors and employees of the company at an exercise price of $1.65 per share for the purchase of 1,415,000 common shares for a period of five years. This options issuance includes 100,000 options granted to Ms. Pickering. All of the options are subject to the company's vesting provisions.

The above RSU and stock option issuances are subject to regulatory approval.

About Onyx Gold Corp.

Onyx Gold is a Canadian exploration company focused on unlocking district-scale gold opportunities in two of the country's most prolific and proven mining jurisdictions -- Timmins, Ont., and Yukon.