Mr. James Anderson reports

VANGOLD MINING ASSIGNS TASSAWINI REPORT

Vangold Mining Corp. has reached an agreement with Astor Holdings Inc. of Georgetown, Guyana, and Shooting Star Acquisition Corp., a capital pool company, whereby the company has assigned all rights, title and interest in the draft National Instrument 43-101 technical report commissioned by Vangold on the Tassawini gold project in Guyana, South America, in consideration for Astor and Star agreeing to assume certain debts owed to Vangold by Aventura Gold Corp. following the termination of the reverse takeover transaction between the company and Aventura announced Oct. 10, 2019.

As background, by letter of intent dated Oct. 16, 2019, between Astor and Star, Star has agreed to acquire the Tassawini gold project in Guyana, South America, in a transaction that will constitute Star's qualifying transaction for the purposes of the policies of the TSX Venture Exchange, as described in Star's news release dated Oct. 24, 2019. The Star transaction is subject to the approval of the TSX-V and the concurrent closing of an equity financing by Star of up to $10-million at a price of 20 cents per share on terms mutually acceptable to Star and Astor.

Under the terms of the settlement agreement, Vangold has assigned the Tassawini report to Astor in consideration for Star and Astor agreeing to assume, subject to and effective upon closing of the Star transaction, $250,000 in debt owed by Aventura to Vangold and pay such amount to Vangold as follows:

1. An initial payment of $25,000 cash and 400,000 common shares of Star at a deemed price of 25 cents per share upon closing of the Star transaction;
2. A second payment of $50,000 cash and $75,000 in Star shares (based on Star's 10-day volume-weighted average price) anticipated to occur upon Star's receipt of an environmental impact statement on the Tassawini project.

The settlement agreement is subject to the acceptance of the TSX-V.

The El Pinguico mine

The company continues to focus on advancing its El Pinguico mine project in Guanajuato, Mexico.

El Pinguico is a high-grade silver and gold deposit that was mined from the early 1890s until 1913. The mining was done exclusively from the El Pinguico and El Carmen veins, which were historically thought to be splays or extensional features off the Mother vein (Veta Madre).

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. Geologists from the company that mined the deposit historically theorized that Veta Madre crosses Vangold's property at depth, underneath the high-grade El Pinguico and El Carmen veins, but they did not mine deep enough to test the theory, and very limited drilling has been done on the property since production ceased.

Historic stockpiles of mineralized material exist on the 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, a qualified person as defined by NI 43-101, has approved the scientific and technical information contained in this news release.

About Vangold Mining Corp.

Vangold Mining is an exploration company that is engaged in the exploration of mineral projects in the Guanajuato region of central Mexico.

We seek Safe Harbor.