Dunnedin Ventures Inc. reported the identification of a large gold-bearing greenstone belt at the Kahuna project. High gold-in-till counts including pristine gold grains suggesting local bedrock sources of gold are present along a sampled length of over 40 kilometres immediately adjacent to Agnico Eagle Mines Ltd.'s development-stage Meliadine gold project. Gold grain counts across the Kahuna project based on historical till sampling and recent work by Dunnedin. Gold-in-till results are also provided for the Meliadine project based on publicly available information released by the Geological Survey of Canada (GSC). There is a strong association between gold-in-tills and bedrock gold zones at Meliadine. Disclosed results are from 347 till samples collected adjacent to the Meliadine property. Results are from a reconnaissance scale till sampling program with average sample spacing of over 1 kilometre, designed to test a broad area for gold. Average of 7.8 gold grains per sample, with a maximum value of 83 grains. Pristine gold grains observed in 114 of 347 samples, with a maximum value of 21 pristine grains, suggesting proximal bedrock sources to 33% of samples. Spatial association between gold concentration in till samples and proximity to fold hinges as delineated through geophysics. Gold noted in 316 of 347 (91%) samples. The newly defined greenstone belt has not yet been drilled; gold results described below are from additional gold-mineralized metasediment belts at Kahuna. Four additional gold-bearing belts have been confirmed at the project to date through historical drilling and bedrock and till sampling. 97 rock samples collected across the property also returned between 0.05 and 2.52 g/t gold. Till sampling confirmed gold-in-tills adjacent to areas with gold-in-bedrock samples, and in other areas. Gold has been mapped as being associated with magnetically responsive formations that have been described as metasediment belts and regionally significant, deep seated shear zones. 84 of 129 (65%) till samples collected by Dunnedin in 2015 also returned gold results through neutron activation analysis of heavy mineral concentrates collected during diamond exploration, with subsequent confirmation of gold grains. Over 1,100 till samples collected in summer 2016 across 600 square kilometres of the 1,200 square kilometre Kahuna project are being processed for diamond indicator mineral content and gold grain content at CF Mineral Research Ltd. in Kelowna, British Columbia. Dunnedin plans to pursue further gold exploration through a spinout company as announced on November 23, 2016 and is currently finalizing plans related to this announcement.