Mr. James Anderson reports

VANGOLD MINING CONTINUES TO STRENGTHEN ITS BOARD OF DIRECTORS

Richard Silas has joined Vangold Mining Corp.'s board of directors.

Richard Silas

Mr. Silas is currently corporate secretary of Barksdale Capital Corp. During his tenor as president and director of Barksdale, he played a vital role in acquiring the company's flagship Sunnyside project in Santa Cruz county, Arizona. Sunnyside is located adjacent to South32's Taylor deposit, which was acquired in 2018 for $2.1-billion. Mr. Silas has plus 20 years of experience in corporate governance, regulatory compliance and administration of junior resource companies. Prior to Barksdale, Mr. Silas was director and corporate secretary of Gold Standard Ventures Corp. (listed on the Toronto Stock Exchange and New York Stock Exchange) from 2009 until 2017. During his time at Gold Standard, the company's market capitalization increased from $23-million to over $400-million. His understanding of the junior exploration markets and ability to position, structure and administer companies have been integral to its successes.

Also, Xavier Wenzel will be expanding his role with the company, becoming corporate secretary in addition to his current position of chief financial officer.

Vangold continues to focus on advancing its El Pinguico gold and silver project, which is located just seven kilometres south of the city of Guanajuato, Mexico.

The El Pinguico mine

El Pinguico is a high-grade gold and silver deposit that was mined from the early 1880s until 1913. The mining was done exclusively from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother vein, or Veta Madre.

The Veta Madre is associated with a megafault that outcrops for 25 kilometres and is the most important source of precious metal mineralization in the region. The Veta Madre may cross Vangold's property at depth, underneath the high-grade El Pinguico and El Carmen veins, but very limited drilling has been done on the property and no drilling has attempted to encounter the Veta Madre at depth. Historic stockpiles of mineralized material exist on surface and underground at El Pinguico which may potentially provide feed to one of several operational mills in the Guanajuato area.

Hernan Dorado, a director of Vangold and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information contained in this news release.

About Vangold Mining Corp.

Vangold Mining is an exploration company engaged in the exploration of mineral projects in the Guanajuato region of central Mexico. The company's flagship El Pinguico project is a significant past producer of high-grade gold and silver and is located just seven km south of the city of Guanajuato, Mexico.

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