Mr. Shawn Westcott reports

OPHIR ANNOUNCES SALE OF REMAINING INTEREST IN THE DANIEL'S HARBOUR CLAIMS TO UBIQUE MINERALS FOR 3.8 MILLION SHARES

Ophir Gold Corp. has entered into a mineral claim purchase agreement with Ubique Minerals Ltd. to sell Ophir's remaining interest in its non-core Daniel's Harbour claims in Newfoundland.

Under the terms of the agreement, Ubique has agreed to purchase 100-per-cent interest in certain mineral mining claims located in Daniel's Harbour, Newfoundland, Canada, from Ophir. The claims are part of the option agreement announced between the companies on Feb. 14, 2019, wherein previously Ubique had the option to earn up to a 70-per-cent interest in the claims.

The transaction will be executed on an "as is, where is" basis, acknowledging the existing state, condition and location of the claims as of the closing date. In return for a 100-per-cent interest in the claims, Ubique will issue 3.8 million ordinary shares to Ophir. The closing date for the transaction is anticipated to occur at 10 a.m. Vancouver time on the second business day after the effective date, subject to the fulfilment of the agreement's terms and conditions.

About Ophir Gold Corp.

Ophir Gold is a diversified mineral exploration company focused on the exploration and development of the Radis lithium property in the James Bay, Que., and the past-producing Breccia gold property located in Lemhi county, Idaho. The company holds an option to earn a 100-per-cent interest in the Radis property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Ltd., and an option to earn a 100-per-cent interest in the Breccia property over a three-year period from Canagold Resources Ltd. and DG Resource Management Ltd.

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