Moneta Porcupine Mines Inc. provided an updated mineral resource estimate for the gold deposits within its 100% owned Golden Highway Project, located 110 km east of Timmins, Ontario. A total of 383,400 ounces (oz) at a grade of 4.61 grams per tonne (g/t) Gold (Au) in the indicated category; A total of 873,200 oz at a grade of 4.21 g/t Au in the inferred category; Significant increase in the grade of the Golden Highway Project mineral resource estimate over previous estimates; All new mineral resources reported are estimated using a cut-off grade of 3.00 g/t Au, assuming underground extraction; and The updated resource estimate is constrained within wireframes based on the new geological interpretation. The updated mineral resource was independently prepared by Micon International in accordance with National Instrument 43-101 ("NI43-101") effective January 16, 2019. A compliant technical report will be filed within 45 days of the date of this release. The deposits have shown a significant improvement in grade over the previous resource estimate and remain open. Moneta has identified several adjacent targets at surface displaying the same style and tenor of mineralization within the Golden Highway Project which were not included in this mineral resource update.