Pelangio Exploration Inc. announced it has completed a VTEM Plus electromagnetic survey over its Gowan polymetallic project located 27 kilometers ("km") northeast of Timmins. The Gowan polymetallic project is a 4.3 km2 property located in Gowan Township, 27 km northeast of the City of Timmins, Ontario and approximately 16 km due east of Glencore's Kidd Mine Site. The property is prospective for both copper-zinc VMS deposits with associated precious metals, and nickel-copper sulphide deposits. The northeastern portion of the Gowan property is underlain by a prospective felsic volcanic package of rocks associated with feldspar porphyritic intrusives. Limited exploration efforts in the early to mid 1970's focused on evaluating the northern portion of the property for a Kidd-style copper-zinc volcanogenic massive sulphide ("VMS") deposit. These early exploration programs were successful in demonstrating the potential for this type of mineralization. The highlight of these early exploration efforts was a broad semi-massive sulphide intercept grading 0.32% Cu and 0.35 oz/ton Ag over 36 feet. A shorter interval within this broad section returned 0.66% Cu and 0.31 oz/ton Ag over 12.5 feet including an interval of 0.95% Cu and 0.20 oz/ton Ag across 3 feet. Also of note is a bedrock sample from the bottom of a reverse circulation ("RC") drill hole which returned 2.26% Cu and 0.11 oz/ton Au. Very limited follow up was conducted on the massive sulphide intercepts and no drill follow up was completed on the copper-gold occurrence detected in the bottom of the RC hole. The southern portion of the property is interpreted to be underlain by ultramafic volcanics from limited drilling and magnetic data; this area of the property is thought to be a prospective for nickel-copper sulphides. (Reference for assay data: Alamo Petroleum Assessment File, R.S. Middleton P.Eng. 1975) In late March 2021, Pelangio received preliminary results from an airborne VTEM Plus electromagnetic survey and magnetic survey. The preliminary survey data outlined a very strong and extensive VTEM anomaly on the flank of a large magnetic anomaly. The anomaly is of significant interest due to its proximity to known mineralization described above. At this time the company is awaiting final data analysis to evaluate potential drill targets; the corporation has also applied for drilling permits for the project. It is anticipated that final geophysical data and data interpretation will be completed in the next six to eight weeks; drill permits are anticipated in approximately eight to ten weeks. The next phase of work on the Gowan Property will be determined after a review of the final geophysical data and interpretation. Contingent on a positive data review and financing planning, a first phase drilling program will be initiated.