Mr. Robert Archer reports

NEWRANGE GOLD COMPLETES IP SURVEY AT PAMLICO PROJECT

Newrange Gold Corp.'s previously announced induced polarization and resistivity survey at the Pamlico project in the Walker Lane trend of western Nevada has been completed.

The survey initially focused on four principal targets: the Pamlico Ridge, Pediment, Gold Box and Skarn zones, and was expanded to cover the historic Central and Sunset mine zones. Several strong and well-defined anomalies were detected, and additional lines were added, ultimately comprising 14.8 line kilometres in nine test lines ranging from 1,200 metres to 2,200 metres long and covering an area of more than 10 square kilometres. Once the data processing is complete, potentially within the next week, the company's consulting geophysicist will provide a final interpretation.

"The preliminary results of the IP survey are extremely encouraging, as they are interpreted to indicate the presence of sulphides at depth," commented Robert Archer, chief executive officer. "The final interpretation will assist in the overall understanding of the geological setting on the project and provide targets for the upcoming drill program. In addition, underground surveying and mapping is now complete, and underground sampling is proceeding at the historic Gold Bar mine, with numerous assays pending. The scanning and surveying have moved to the upper levels of the Pamlico mine to better define the extent of historic development in that area. With our recent financing, the monetization of our Colombian assets and the potential exercise of warrants, Newrange should be well funded for exploration throughout 2020."

The induced polarization survey was designed to penetrate the deep blanket of oxidation at Pamlico and test for indications of sulphide mineralization at depth. Surface oxidation at Pamlico extends to depths ranging from 250 metres to 400 metres, compared with typical 30-metre-to-100-metre depths of oxidation for most precious metal systems in Nevada. Importantly, all historic gold production from the district has been contained within this very thick zone of oxidation. Previous exploration, drilling and development at Pamlico have also been focused exclusively on near-surface oxide mineralization, never seeking the presumably deeper sources of this mineralization. The results of the induced polarization survey will help Newrange in evaluating the potential for additional mineralization at depth.

Upon receipt of the interpreted results, the company will design and initiate permitting for a drill program to test priority targets identified from the survey. This drilling will be conducted in tandem with drilling from existing permitted drill sites on, and in the vicinity of, Pamlico Ridge. Drilling is expected to start in the latter half of the first quarter of 2020.

Debt settlement

To help preserve recently completed financing for operations and exploration, Carrington Consulting LLC, a company controlled by Newrange Gold's president and chairman, Robert G. Carrington, has agreed to accept 685,346 shares of the company's stock as settlement for debt in the amount of $68,534.58 accrued over the last two years. The TSX Venture Exchange has granted conditional approval for the settlement.

Robert G. Carrington, PGeo, a qualified person as defined by National Instrument 43-101, the president and chairman of the company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About Pamlico

Located 12 miles southeast of Hawthorne, Nev., along U.S. Highway 95, the project enjoys: excellent access and infrastructure; a mild, year-round operating climate; and strong political support from Mineral county, one of the most pro-mining counties in the pro-mining state of Nevada. The Pamlico project covers the historic Pamlico group of mines, as well as the nearby Good Hope, Gold Bar and Sunset mines.

Discovered in 1884, the district rapidly gained a reputation as being one of Nevada's highest-grade districts. Held by private interests for most of its history, the property remains underexplored in terms of modern exploration.

About Newrange Gold Corp.

Newrange Gold is a precious metal exploration and development company that is focused on near-to-intermediate-term production opportunities in favourable jurisdictions, including Nevada and Colorado. With numerous drill intercepts of near-surface oxide gold mineralization to 340 grams per tonne gold, the company's flagship Pamlico project is poised to become a significant new Nevada discovery. Focused on developing shareholder value through exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.

We seek Safe Harbor.