Granada Gold Mine Inc. provided an update on its on-going drill program at Granada. This release contains drill results from the 100-series part 2, near-surface drill program targeting Vein 1. The company has now drilled a total of 9321.38 meters of the drill program of the current 12,000-meter program with 2 drills turning on site. This release represents 457 m of the program. The 100-series holes were drilled to intersect the vein extension uncovered by stripping and to follow the high-grade corridor. Holes GR-20-111 to GR-20-113 are drilled within the vein structure. Holes GR-20-114 to GR-20-117 are vertical holes drilled to intersect the mineralized vein structures. Typical true thickness of the number 1 vein is 1.5 to 6 meters. The halo effect around vein 1 has been measured up to 20 meters true thickness with numerous mineralized veinlets hosting native gold. It has been estimated, based on metallurgical testing, that close to 50% of the gold is in native form and will be recovered from these veinlets. The stripping has confirmed the continuation of the mineralized structure from historical Pit #1 for up to 350m East-West. Pit #1, mined in 1994, extracted 87,311 tonnes grading 5.17 g/t Au (43-101 Technical Report dated February 13, 2019 on the Granada Gold Project Mineral Resource Estimate, Rouyn Noranda, Quebec authored by the Qualified persons, Allan Armitage, Ph. D., P. Geo and Maxime Dupere, B.SC., Geo both of SGS Canada Inc. – Section 13.1). Earlier this year, the company processed, by conventional gravity concentration, a large 1220-kilgram grab sample taken over a 3-meter strike length in this stripped area, resulting in the recovery of 55.6 g/t native gold. The native gold component for the Granada Gold Mine has been defined to represent an average of 50% of the recoverable gold. The gold-bearing sulphides were not recovered in that test. The technical information in this news release has been prepared and reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i) ALS Laboratories in Val d'Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The screen assay method is selected by the geologist when samples contain visible gold. The drill program, Quality Assurance/Quality Control ("QA/QC") and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes for this program in addition to the lab QA/QC.