Pelangio Exploration Inc. announced significant assay results from its initial soil sampling program on the recently acquired Dankran Project in Ghana, which commenced in December 2020. Following the positive results, an infill soil sampling program was initiated, which is nearly completed, to more accurately define ten target areas with very significant gold in soil anomalism generated from the initial sampling program. The results from the infill program will influence the design of the Reverse Circulation ("RC") drilling program to test the most significant anomalies. The drill program is expected to commence in February. The Dankran property is a 34.65 km² Prospecting License optioned by Pelangio Exploration from BNT Resources Ghana Ltd. in November 2020 and is contiguous to the northeastern corner of Pelangio's Obuasi project. The Dankran property is adjacent to and on strike with the historic Obuom Mine which produced 29,000 ounces of gold at an average grade of 16 g/t Au from underground workings in the 1930's. The property covers nearly seven kilometers of strike of highly prospective geology and regional structures along the western flank of the Ashanti Belt, 20 kilometers ("km") to the northeast of AngloGold Ashanti's top-tier Obuasi Mine. A 1,126-sample soil sampling program was initiated and completed on the Dankran property in December 2020. Sampling was at 80-meter intervals along 160-meter spaced lines over the northern end of the property, closest to the historic Obuom mine, and on 320-meter spaced lines further to the southwest. Predominantly residual soil material was collected, however where the surface was covered by transported alluvial material in drainage channels, locally worked by artisanal miners, depositional soil material was collected. Gold in soils is unsurprisingly highly anomalous in the drainage channels originating from the historic Obuom Mine site with assays up to 4,578 ppb Au, although there is also significant gold in depositional soils in minor drainage channels sourced within the Dankran property. More importantly, significant gold in soil anomalism has been returned from residual soils located on higher ground above the drainage networks, interpreted to be insitu (in place) and potentially indicative of underlying mineralization. Ten areas of significant multi-sample Au in soil anomalism (> 50 ppb Au) have been delineated within residual soils, up to 1,000 meters X 250 meters in size and with samples assaying up to 2,067 ppb Au. Although a first-pass drill test of the Au in soil anomalies might be proposed at this stage, even the relatively tighter 160-meter X 80-meter soil sampling grid over the northern end of the Dankran property is considered somewhat broad spaced to accurately delineate the best anomalies for drill testing. Accordingly, a small program of infill soil sampling plus geological mapping and prospecting on 80-meter spaced infill lines in the north to 160-meter spaced infill lines to the southwest totaling 424 samples was designed to refine the anomalies for better planning of an initial exploration RC drill test of the most significant anomalies. The infill sampling and mapping program is underway and is nearly completed with the first 270 samples over the higher priority northern anomalies submitted last week with assays expected by early February. Upon receipt of assays from these higher priority infill samples an RC drilling program will be designed to test the best soil anomalies generated from the sampling conducted to date, likely focusing on the northern end of the Dankran property. The drilling program is anticipated to commence in February with approximately 2,000 meters of RC drilling proposed, which might be modified depending on the final soil assays.