The TSX Venture Exchange has accepted for expedited filing documentation pertaining to a property option agreement dated Dec. 23, 2019, between Newrange Gold Corp., as optionee, and Aurcrest Gold Inc., as optionor, pursuant to which the company has an option to acquire a 100-per-cent interest in 110 claim cells covering approximately 2,170 hectares located in the Red Lake mining division in Ontario, known as the Western Fold claims. In consideration, the company will make cash payments totalling $200,000 and issue a total of one million shares, both in stages as follows:

• Upon exchange acceptance, $30,000 cash and 150,000 shares;
• Year 1, $70,000 cash and 350,000 shares;
• Year 2, $100,000 cash and 500,000 shares.