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OTCQB: NRGOF
TSXV: NRG
  Where Exploration Intersects Discovery
            
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200

Where Exploration Intersects Discovery
OTCQB: NRGOF
TSXV: NRG
  

510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200







Newrange Gold Closes Second and Final Tranche of Flow-Through and Non-Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA, April 20, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) - Newrange Gold Corp. ("Newrange" o
--->r the "Company") announces the closing of the second and final tranche of a non-brokered private placement for gross p
--->roceeds of $271,000.26 consisting of 1,440,000 non-flow-through units (the "NFT Units") at a price of $0.07 per unit a
--->nd 2,002,356 flow-through units (the "FT Units") at a price of $0.085 per FT Unit.  The FT Units were issued as Nation
--->al Flow-Through rather than as Charity Flow-Through, hence the lower price than announced in the Company's News Releas
--->e of February 23, 2022.  Gross proceeds from both tranches of the financing totaled $679,100.26 and comprised 7,270,00
--->0 NFT Units and 2,002,356 FT Units.
Each NFT Unit in the Second Tranche consists of one common share of the Company and one-half share purchase warrant (e
--->ach whole share purchase warrant, a "NFT Warrant").  Each NFT Warrant entitles the holder thereof to purchase one comm
--->on share at an exercise price of $0.12 at any time until April 20, 2024.  Proceeds will be used for general working ca
--->pital and for continued surface exploration on the Pamlico Project in Nevada.  
Each FT Unit in the Second Tranche consists of one common share of the Company and one-half share purchase warrant (ea
--->ch whole share purchase warrant, a "FT Warrant").  Each FT Warrant entitles the holder thereof to purchase one common 
--->share at an exercise price of $0.12 at any time until April 20, 2024.  Proceeds will be used to initiate fieldwork at 
--->the Company's Argosy Gold Mine Project in the Red Lake Mining Division of Ontario.
Cash finder's fees or commissions in the amount of $11,970 were paid on the second tranche of the financing and the Co
--->mpany issued 144,529 share purchase finders warrants (the "Finders Warrants").  Each Finders Warrant entitles the hold
--->er thereof to purchase one common share at an exercise price of $0.12 for a two-year period.  
All securities issued are subject to a four-month hold period from the date of issuance and subject to TSX Venture Exc
--->hange approval.  The securities offered have not been registered under the United States Securities Act of 1933, as am
--->ended, and may not be offered or sold in the United States absent registration or an applicable exemption from the reg
--->istration requirements.

About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada and 
--->Ontario.  The Company's Pamlico Project in Nevada contains a large-scale multi-phase polymetallic mineralizing system 
--->with multiple gold and copper targets spread over more than 5,700 hectares.   In the prolific Red Lake District of nor
--->thwestern Ontario, the past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Pro
--->ject offers additional blue-sky potential.  Focused on developing shareholder value through exploration and developmen
--->t of key projects, the Company is committed to building sustainable value for all stakeholders.  Further information c
--->an be found on our website at www.newrangegold.com.

Signed: "Robert Archer"
President & CEO


FOR FURTHER INFORMATION CONTACT:
Sharon Fleming       Dave Cross
Corporate Communications     Chief Financial Officer and Corporate Secretary
Phone: 760-898-9129       Phone: 604-669-0868
Email:  info@newrangegold.com    Email: dcross@crossdavis.com


Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility 
--->for the adequacy or accuracy of this release.

Forward-Looking Statement: 
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncert
--->ainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipa
--->ted in such statements.