Mr. Darin Labrenz reports

PURE GOLD DRILLING INTERSECTS HIGH-GRADE GOLD INCLUDING 33.1 G/T GOLD OVER 3.4 METRES

Mine development at Pure Gold Mining Inc.'s Red Lake mine, initiated as part of the test mining program, has resumed, and exploration drilling in close proximity to this development has intersected high-grade gold mineralization from both infill and stepout drill holes. Drilling tested potential for growth of ore zones that will provide initial feed for the mine processing plant, and has yielded positive results suggesting strong mine continuity and the potential for mining stope expansion.

Results received and compiled will be integrated into short-term mine planning. Access development completed through the test mining program will facilitate production from some of these areas in 2020. The Pure Gold Red Lake mine is currently under construction and, to date, underground development is approximately four months ahead of the feasibility schedule, construction is moving forward at a rapid pace, and first gold pour is expected in the fourth quarter of 2020.

Drilling results highlights:

• 24.9 grams per tonne gold over 1.0 metre from drill hole PG19-708;
• 34.1 g/t gold over 2.2 metres from drill hole PG19-710, including 64.6 g/t gold over 1.0 metre;
• 33.1 g/t gold over 3.4 metres from drill hole PG19-719, including 79.4 g/t gold over 1.4 metres;
• 13.2 g/t gold over 6.3 metres from drill hole PG19-735, including 26.3 g/t gold over 2.0 metres.

"The Pure Gold Red Lake mine continues to produce significant, high-grade gold drill intercepts and today's results from areas planned for mining this year highlight local opportunities for mine expansion," stated Darin Labrenz, president and chief executive officer of Pure Gold. "Similar to the 2018 test mining program where the discovery of a new hangingwall zone resulted in 56 per cent more ounces than predicted, these drill holes have identified both potential extensions to mine stopes and opportunities to test and develop new stopes. Since announcing the commencement of construction in 2019, we have rapidly built out our operations team and our ongoing test mining program has provided development within reach of several of these planned stoping areas. We understand the orebody well and we are now demonstrating the potential for it to grow. With construction well under way, we look forward to first gold production expected in late 2020."

Diamond drilling has identified both extensions to existing stopes, and new zones that may be incorporated into future short-term mine plans. Drill holes PG19-714, PG19-716, PG19-717 and PG19-722 represent stepouts of four metres to 18 metres from existing mining shapes. Drill hole PG19-719 suggests a new hangingwall zone, while PG19-735 highlights an opportunity for potential additions to the mine plan, with six metres grading 13.2 g/t gold occurring more than 50 metres away from the current mine plan.

Underground development

The acquisition and installation of key infrastructure for underground mine operations have commenced at site, including the installation of new compressors and ventilation systems, and the advancement of the existing ramp. Active dewatering of the underground mine is well under way and on schedule, with the mine water level currently at approximately 240 metres below surface.

The feasibility study contemplated leasing certain equipment for the first two years of production; however, further research done on the company's equipment needs and an analysis of current equipment costs demonstrated that significant savings could be achieved from the feasibility study over the initial two years by purchasing the underground mining fleet. To date, approximately $6.1-million in equipment has been purchased and delivered to site. The equipment includes two haul trucks, two LHD scoop trams, two jumbos, a scissor lift, a mine cat, a boom truck, a mine rescue/personnel carrier and a telehandler among other mobile equipment. While this expenditure increases the initial capital requirements, total mine equipment expenditures will be reduced by approximately 30 per cent over the first two years by eliminating the mobile lease payments.

Underground services including water and electrical supply and communications have been upgraded in the ramp and haulage of stockpiled test mining material to surface is under way. As part of the test mining program, preproduction underground ramp development was initiated ahead of schedule and is progressing at an accelerated pace.

Drill results summary

New assay results from select drill holes are outlined in the associated table.

                 DRILL RESULTS SUMMARY

Hole ID           From          To      Length        Gold
                   (m)         (m)         (m)       (g/t)

PG19-701          73.0        75.0         2.0         7.5
PG19-708          77.5        78.5         1.0        24.9
PG19-710          81.3        83.5         2.2        34.1
incl.             81.3        82.3         1.0        64.6
PG19-714          69.0        71.0         2.0         6.1
                  76.0        77.0         1.0         7.0
                  89.0        90.5         1.5         5.6
PG19-715          72.9        74.0         4.1         5.1
PG19-716          36.3        37.4         1.0        10.6
PG19-717          15.0        17.0         2.0         8.9
                  44.2        45.1         0.9         8.2
PG19-719          46.0        48.0         2.0         7.6
incl.             46.0        47.0         1.0        12.6
                  81.1        84.5         3.4        33.1
incl.             83.1        84.5         1.4        79.4
PG19-720          45.7        48.0         2.3        11.2
PG19-722         117.0       118.0         1.0        14.3
PG19-726          82.5        88.5         6.0         4.6
incl.             82.5        83.5         1.0         8.6
incl.             87.5        88.5         1.0         9.4
PG19-727          86.9        87.9         1.0         6.9
PG19-735          87.4        93.7         6.3        13.2
incl.             91.7        93.7         2.0        26.3
PG19-736          42.4        44.5         2.1         9.7

* Assay composites were calculated using uncut assays and 
true widths are interpreted to vary from 70 to 90 per cent 
(80 per cent, on average) of reported core lengths.

About the Pure Gold Red Lake mine

Pure Gold is building Canada's highest-grade gold development project, the Pure Gold Red Lake mine. With project financing secured, Pure Gold Red Lake mine is on track to deliver first production into a rising gold market in late 2020. The orebody is open for expansion and forms a part of a seven-kilometre-long mineral system under active exploration, with opportunity for transformative growth through discovery.

For further information, see the technical report titled "Madsen Gold Project Technical Report Feasibility Study for the Madsen Deposit Red Lake, Ontario, Canada," with an effective date of Feb. 5, 2019, and dated July 5, 2019, for further information, available at the company's website or under the company's SEDAR profile. For further information, see news release dated Nov. 28, 2018, titled "Pure Gold Test Mining Returns an Estimated 56 per cent More Gold Than Predicted From Resource Model."

Quality assurance/quality control and core sampling protocols

Drill core samples are submitted to ALS Minerals in Thunder Bay, Ont., for sample preparation by crushing to 70 per cent less than two millimetres, a rotary split of one kilogram, and pulverization of the split to better than 85 per cent passing 75 microns. Sample pulps are shipped to the ALS assay laboratory in North Vancouver, B.C., for gold analysis with a 30 g fire assay and AAS (atomic absorption spectroscopy) finish (code Au-AA23). Samples returning greater than five g/t Au are reassayed with a gravimetric finish (code GRA21). Mineralized zones with visible gold and shoulder samples are also analyzed by a one kg screen fire assay with screening to 100 microns. A duplicate 30 g fire assay is conducted on the screen undersize with assaying of the entire oversize fraction (code Au-SCR21). Control samples (certified standards and uncertified blanks), along with field, prep and pulp duplicates, are inserted on a regular basis. Results are assessed for accuracy, precision and contamination on a continuing basis.

Qualified persons and National Instrument 43-101 disclosure

Phil Smerchanski, PGeo, vice-president, exploration, for the company, is the designated qualified person for this news release within the meaning of National Instrument 43-101 and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

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