Mr. James Anderson reports

VANGOLD MINING STRENGTHENS ITS BOARD OF DIRECTORS

William T. Gehlen has joined Vangold Mining Corp.'s board of directors.

Mr. Gehlen served as manager of resource development in the Americas for Oceanagold Corp. from 2013 to 2018, assisting in the management of Oceanagold's El Salvador assets and project generation throughout the Americas. Prior to his term at Oceanagold, Mr. Gehlen served as vice-president of exploration for Pacific Rim Mining Corp. from 1997 to 2013, where he managed all aspects of mineral exploration for the company.

Chief executive officer James Anderson stated: "Bill's broad experience as an exploration geologist throughout Latin America will be an invaluable asset to the company. His expert knowledge of epithermal gold and silver deposits will serve to strengthen Vangold's technical foundations as it moves forward on the development of its Mexican properties, especially its El Pinguico silver and gold project, located just seven kilometres south of the city of Guanajuato, Mexico."

Mr. Gehlen commented, "Having been underground at El Pinguico, it is easy to see the potential for reestablishing this project as a high-grade, underground silver and gold producer, as it was 110 years ago."

Mr. Gehlen currently serves as manager of corporate development for Gold Standard Ventures Corp., where his responsibilities include generating and evaluating new business opportunities, and liaising between corporate and technical staff.

During his tenure with Pacific Rim, Mr. Gehlen was in charge of exploration at the El Dorado gold deposit in El Salvador and the Diablillos silver-gold deposit in Argentina. He also acted as the corporate and legal representative for Pacific Rim in El Salvador, Panama, Costa Rica and Argentina, and helped direct Pacific Rim's legal team on the ICSID arbitration case: Pacific Rim Cayman LLC versus Republic of El Salvador (Oct. 14, 2016).

Prior to Pacific Rim, Mr. Gehlen worked as a senior geologist for Gibraltar Mines, Cambior Exploration, Newmont Ltd. and Noranda Exploration Inc. He earned an MS (geology) from the University of Idaho after completing an undergraduate degree in geology at the University of Oregon.

Stock options

Vangold's board of directors has approved the issuance of 2.7 million stock options, including 1.6 million options granted to officers and directors of the company. The options, which shall vest over a one-year period, are exercisable up to three years from the issuing date and have a strike price of 7.5 cents. These options form part of a total remuneration package for directors, officers, advisers and contractors of Vangold.

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 (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. 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 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, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

About Vangold Mining Corp.

Vangold 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. The company remains focused on the near-term potential for development and monetization of both its surface and underground stockpiles of mineralized material from El Pinguico.

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