Mr. James Anderson reports

VANGOLD MINING ANNOUNCES NEW TRADING SYMBOL ~COVID-19 RESPONSE, CLOSING OF DEBT SETTLEMENT, NEW WEBSITE~

Vangold Mining Corp. is changing its trading symbol (VGLD), has provided its COVID-19 response, has completed a debt settlement and has a new website.

New trading symbol: VGLD

Effective at the opening of the market on Monday, March 24, 2020, the company's trading symbol on the TSX Venture Exchange will change from VAN to VGLD. Vangold's board of directors has determined that, in the interests of continuity and consistency (the company's shares trade over the counter in the United States under the symbol VGLDF), this change will help to enhance interest and liquidity in the company's shares. There will be no change to the company's name or CUSIP number, and there will be no alteration in the number of shares outstanding.

COVID-19 response

During these extraordinary times of the COVID-19 viral contagion, Vangold would like to thank its shareholders and contractors, in Canada and in Mexico, for their patience and support. The company is encouraging staff and contractors to work from home, where possible, to practise correct social distancing and is using this time to focus on initiatives that can be achieved from the company's desks and computers.

Shares for debt

Vangold has completed its shares-for-debt transaction announced on Nov. 20, 2019. The company has issued an aggregate of 403,640 common shares at a deemed price of five cents per share in settlement of outstanding indebtedness totalling $20,182, which shares are subject to a four-month hold period expiring July 19, 2020. The company chose to settle this indebtedness for shares in order to preserve cash for current operations. Included in the settlement was the issuance of 200,000 shares to extinguish $10,000 of indebtedness to Blueberry Capital Corp., a company controlled by Vangold's chief executive officer, James Anderson. The company relied upon exemptions from the requirement to obtain a formal valuation and minority shareholder approval for the Blueberry settlement under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions on the basis that the fair market value of Blueberry's settlement was less than 25 per cent of the company's market capitalization.

New website

The company has taken this opportunity to construct a new website, which conveys important facts about the company and its Mexican projects in a straightforward manner.

The El Pinguico project

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.

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 kilometres south of the city of Guanajuato, Mexico.

We seek Safe Harbor.