Mr. Dale Ginn reports

PACTON COMPLETES NEW HIGH RESOLUTION SURVEYS AND IDENTIFIES ADDITIONAL TARGET AREAS AT RED LAKE, ONTARIO

Pacton Gold Inc. has completed high-resolution airborne magnetic surveys at the Gullrock, Pakwash, Dixie and Golden Loon properties -- part of Pacton's large Red Lake exploration project in Red Lake, Ont. Initial survey results have defined multiple prospective areas of folding and faulting, most notably at Pacton's Gullrock property. The company is currently in the final stages of targeting, prior to commencing drilling in fall 2020.

The Gullrock property is located along the structural trend hosting Evolution Mining's Red Lake gold mine. The new data better define the location of the mine trend structure on the Gullrock property. The property is also along trend and contiguous to Great Bear Resources' Sobel property, where recent geochemical work identified two large spaciotemporal geochemical hydrocarbon (SGH) targets. These targets are associated with structures that appear similar to those identified in Pacton's magnetic data. Mapping and prospecting at the Gullrock property are continuing, and the new priority areas of interest will be evaluated for targeting in the coming drilling campaign.

News highlights:

• New airborne magnetic survey completed: A total of 2,931 line kilometres at 50-metre spacing was flown at Pacton's Gullrock, Golden Loon, Dixie and Pakwash properties -- part of the company's Red Lake exploration project.
• Gullrock property now an increased priority area: Gullrock is along trend from Evolution's Red Lake gold mine and adjacent, along trend to Great Bear's Sobel property. The new survey data have increased the priority of select targets at Gullrock.
• New areas of interest and enhanced definition of priority targets: Results have identified new targets and provided greater definition of existing priority targets. The data will be instrumental in fine-tuning the drill targeting process for the coming drill program.
• Pacton now in final stage of preparation and targeting for drilling: Targets will continue to be evaluated for the coming phase 2 drill campaign, scheduled to begin in fall 2020.

About Pacton's Red Lake exploration project

The Red Lake exploration project, located in Red Lake, Ont., comprises 28,000 hectares. The project is adjacent and proximal to past, current and near-term production mines and is also adjacent and on trend to Great Bear's Dixie discovery. Exploration to date includes successful first-pass sampling, surveys and drilling. High-grade surface samples include 126.5 grams per tonne gold and 23.3 grams per tonne gold, and first-pass reconnaissance drilling has hit 17.5 grams per tonne gold over a 0.5-metre interval. The project also includes regional properties such as Gullrock, Pakwash, Dixie, Golden Loon and Swain.

About Pacton Gold Inc.

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake district in Ontario.

The technical content of this news release has been reviewed and approved by Dale Ginn, PGeo, executive chairman and a director of the company as well as a qualified person pursuant to National Instrument 43-101.

We seek Safe Harbor.