Mr. Darrell Rader reports

MINAURUM ACQUIRES HIGH-GRADE AURIFERO GOLD PROJECT

Minaurum Gold Inc., through a series of acquisitions and the signing of an option agreement, has expanded its presence in the Alamos mining district in Sonora, Mexico, by acquiring control of the Aurifero gold project. The 1,229-hectare project lies 35 kilometres (km) northwest of Minaurum's Alamos silver project. Located between both projects is Mexico's third-largest copper mine, Cobre Del Mayo's Piedras Verdes mine.

Aurifero contains a swarm of gold-bearing and silver-bearing epithermal veins within a northwest-southeast-trending zone measuring three km long and more than 400 metres (m) wide. Satellite imagery and ground reconnaissance geology indicate that the alteration signature is similarly widespread. The project has seen numerous campaigns of shallow reverse circulation and core drilling since the 1980s, totalling over 8,000 metres. Holes were, on average, less than 100 m deep, with the deepest reaching a vertical depth of 135 m from surface. There are currently a number of operators conducting small-scale mining on the project. Under the option agreement, the miners are restricted to a maximum mining depth of 100 m.

Highlights of historic drilling include:

• 3.1 m of 18.37 grams per tonne (g/t) gold (Au) (hole DMDDH-01);
• 24.5 m of 3.12 g/t Au (hole 07-MN-10);
• 48 m of 1.47 g/t Au (hole CI-35);
• 58 m of 3.65 g/t Au (hole CI-09);
• 24 m of 2.42 g/t Au (hole CI-34).

"We are pleased to add this high-grade project to our portfolio," stated Darrell Rader, president and chief executive officer of Minaurum Gold. "Historical data shows that the project has never been drilled deeper than 135 m and some of the deepest holes stopped in mineralization. Our due diligence found evidence that past exploration and current mining targeted only the highest levels of a substantial epithermal gold and silver system. We will permit and drill several deep holes in 2020 to test our geological model."

A northwest-southeast trend of structurally controlled ridges and valleys extend from northwest of the Aurifero project to the east-southeast of the Piedras Verdes porphyry copper deposit. Gold mineralization in the Aurifero project area is associated with northwest-southeast fracture zones, veins and rhyolite dikes, cutting intermediate to felsic tuffs. Quartz-eye rhyolite dikes and strong argillic alteration in a number of the shallow underground workings suggest that mining has been limited to the uppermost levels of a mineralized epithermal system. Aurifero mineralization appears to be spatially and temporally related to the emplacement of fine-grained felsic intrusions (dikes and small stocks), the nature and extent of which were not clearly identified in historical work.

Minaurum has signed a five-year option to acquire 100 per cent of a large block of claims covering 1,198 hectares in exchange for $2.7-million (U.S.) with no royalties outstanding. The remainder of the claims are wholly owned and royalty free.

Minaurum Gold is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora. With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founders' legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions.

Stephen R. Maynard, vice-president of exploration of Minaurum and a qualified person as defined by National Instrument 43-101, reviewed the assay data and has approved the disclosure in this news release. The data presented in this news release are historical and will require verification.

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