Mr. Ronald Netolitzky reports

MAS GOLD CORP. ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETING

MAS Gold Corp.'s shareholders, at the annual general meeting held on Jan. 21, 2021, re-elected incumbent directors Ron Netolitzky, Andrew Davidson, Bob Matthews and Rod Spooner. MAS further reports that Smythe LLP was approved as auditor of the company and the company's stock option plan was also approved.

Shareholders showed strong support for all the matters brought forward at the meeting, with all resolutions passing by a margin of at least 99 per cent of the votes cast, representing 17.89 per cent of the issued and outstanding shares of MAS. Mr. Netolitzky, president and chief executive officer of the company, states: "We are pleased to have the continued support of our shareholders. We continue working towards our goal of defining a resource of over one million ounces at La Ronge gold belt. We anticipate a strong year in 2021, as we move to develop additional resources on our large portfolio properties in north-central Saskatchewan."

About MAS Gold Corp.

MAS Gold is a Canadian mineral exploration company focused on exploration projects in the prospective La Ronge greenstone belt of Saskatchewan.

In the belt, MAS Gold operates the Greywacke and Preview North properties that include North Lake and Point advanced gold projects, each hosting drill-intercepted zones of gold mineralization.

With addition of the Elizabeth Lake volcanogenic massive sulphide deposit and Henry Lake, MAS controls four properties totalling 45,660 hectares (105,414 acres) along geologically prospective sections of La Ronge, Kisseynew and Glennie domains of the La Ronge gold belt.

The Greywacke North deposit, which hosts several known stratabound, high-grade gold-bearing zones, has 255,500 tonnes at 9.92 grams per tonne Au (cut-off grade of five g/t Au) plus an inferred mineral resource of 59,130 tonnes at 7.42 g/t Au (National Instrument 43-101 technical report, June 1, 2016).

The North Lake deposit located at the Preview North property is estimated to contain an inferred mineral resource of 14.11 million tonnes grading 0.92 g/t Au, hence 417,000 contained ounces of gold (see news release dated March 25, 2020).

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