Velocity Minerals Ltd. announced that it has received positive drill results from the Rozino gold project, located in Bulgaria. Drill holes RDD-057 to RDD-061, collared outside of the Preliminary Economic Assessment (“PEA”) (September 2018) base case open pit design, and all returned gold intersections. The addition of near-surface gold intersections in several drill holes potentially expands the mineralized envelope at Rozino and is of additional importance as the mineralized drill intersections correspond closely with mineralization intersected in recent surface trenching at Rozino. Results have been received for 6 drill holes. Trench RTR-003 intersected mineralization over much of its 93m length, including 35m grading 0.63g/t gold. Drill holes RDD-058 to RDD-061 followed up on this trench and results are positive with drill holes generally intersecting mineralization from surface to top of basement. The correlation between surface trench results and mineralization at depth can be clearly seen on the cross section. This mineralization remains open to the south and will require further drill testing in the future.