Mr. Steve Roebuck of High Tide reports

HIGH TIDE RESOURCES, A SUBSIDIARY OF AVIDIAN GOLD, COMMENCES VERIFICATION DRILL PROGRAM AT ITS LABRADOR WEST IRON ORE PROPERTY

High Tide Resources Corp., a majority controlled private subsidiary of Avidian Gold Corp., has commenced verification drilling at its 2,475-hectare Labrador West iron ore property near Labrador City, Nfld.

The property has been subjected to advanced exploration techniques by Rio Tinto Exploration including airborne and ground geophysics, mapping, metallurgical test work, and diamond drilling. Between 2010 and 2012 Rio Tinto drilled 18 diamond drill holes totalling 4,227 metres, intersecting significant iron mineralization in multiple drill holes highlighted by hole 11LB0027, which yielded 279 m at 29.8 per cent Fe, including 157 m at 31.9 per cent Fe and 90 m at 31.9 per cent Fe*.

High Tide's president and vice-president of exploration, Steve Roebuck, states: "Over the past year only iron ore has kept pace with gold as the best-performing major commodity as prices have topped the $115 per tonne for 62 per cent Fe. This is a very prospective, well-located iron ore property, and we are excited to begin the verification drill program. Rio Tinto's excellent work has de-risked the project on many levels by delineating the general boundaries of the deposit through 18 drill holes and, equally important, completing the preliminary metallurgy, which suggests we have good potential to produce a high-quality, low-impurity plus 62 per cent iron concentrate at reasonable grind sizes. We already know where to drill and our phase 1 drill program will pick up where Rio Tinto left off with verification drilling in the core area that will lay the foundation for a resource estimate."

The company has an initial plan to drill four holes and up to 1,200 m of NQ-sized core in phase 1.

The company would also like to acknowledge and thank the Department of Natural Resources for its financial assistance through the junior exploration assistance program. The government of Newfoundland and Labrador's continued support of the mining and exploration industry during these challenging times is greatly appreciated.

High Tide Resources is following the government of Newfoundland and Labrador public health COVID-19 guidelines with the safety of its workers and community as its main priority.

* See Altius press release dated March 27, 2012. True width is unknown at this time. These results are historic in nature and have not been independently verified by High Tide or by a qualified person, as per National Instrument 43-101 and the standards of disclosure for mineral projects.

Iron ore and the western Labrador trough infrastructure advantage

The Labrador trough of western Labrador and adjoining Quebec constitutes Canada's premier iron ore district and is host to world-class deposits that have been mined for half a century producing over two billion tonnes of iron ore with significant growth potential. The high quality of the deposits in the region allows for a wide range in product diversity, which includes lump, premium fines, concentrate and pellet grades.

The property is strategically located near the mining towns of Wabush and Labrador City in the province of Newfoundland and Labrador, and Fermont in Quebec. The area is home to the shovel-ready Kami deposit, Champion Iron Ore's Bloom Lake mine, Arcelor Mittal's Mont-Wright mine, Tacora Resources' Scully mine, the Julienne Lake deposit and Rio Tinto IOC's Carol Lake mine.

The region is very well served with skilled labour, a paved highway as well as access to abundant low-cost hydroelectricity, and a common carrier railway with a currently underutilized 80-million-tonne-per-year capacity allowing iron ore products to be delivered to the deep-water port of Sept Isles, Que., providing year-round access to global markets.

Technical

The technical information within this document has been reviewed and approved by Mr. Roebuck, PGeo. Mr. Roebuck is a qualified person as defined in NI 43-101.

We seek Safe Harbor.