TRI’s Hemlo West property is adjacent to Barrick Gold’s Hemlo property, just 2,500 metres from the world-class Williams Mine. Hemlo West is also a mere 1,200 metres from Barrick’s own drilling activities in its promising “E-Zone”, which is situated along shear zones that head directly into Hemlo West. Indeed, TRI’s drill site was so close to Barrick’s property that drilling on the first hole had to stop 100 metres short of the 1,500 metre planned depth as it was approaching Barrick’s property due to the angle of the drill hole.

The Hemlo Gold Camp has produced some 22 million oz Au over the past 30+ years and continues to produce. Indeed, Barrick produced 223,000 oz. Au and is projecting to produce between 200,000 and 220,000 oz Au in 2021 (according to Barrick’s website). Moreover, Barrick has extended the projected life of the mine past 2030 based on its multi-million oz Au NI 43-101 resource estimates. TRI will be releasing results from its drill program as soon as they are available.

While waiting for the results from Actlabs on the first drill hole at Hemlo West, TRI’s drill rig was moved to its 50% owned 5,000+ acre Echo Ridge property in the Shebandowan Greenstone Belt, 110 km west of Thunder Bay where an eight drill hole program was completed. Drill cores from this program are also now being delivered to Actlabs. The Echo Ridge drill program was a follow up to the summer drill program that produced encouraging results. Shebandowan is another historic gold producing site and it hosts Goldshore Resource Inc.’s Moss Lake property, which has 1.47 M oz of Indicated and 2.51 M oz of Inferred historical gold resources (according to Goldshore’s website).

Charles Elbourne, Director, President and CEO of TRI said, “We are looking forward to receiving the results from Actlabs for both Hemlo West and Echo Ridge and to continuing executing on our planned drilling programs at both properties. These drill programs are the result of recent capital-raising activities and represent the commencement of Phase 1 of our exploration programs.”

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO

Tashota Resources Inc.
82 Richmond St. East, Suite 401
Toronto, Ontario M5C 1P1
Telephone: 416-315-6490
Email: elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company’s plan to develop and implement a drill program on the Hemlo West project; the Company’s planned expansion of the Hemlo West project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, Tashota Resources Inc. is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

As a result of this CRA-approved structured transaction, Crescat now holds 16.2 million common shares (representing a 17.8% interest in the Company) plus an equal number of common share warrants; the accredited investors receive tax benefits associated with the flow-through shares as well as from making the donation; and TRI received the capital it requires to advance its exploration programs in the Hemlo and Shebandowan Gold Camps.

TRI has just completed one 1,400 metre exploratory diamond drillhole of an initial two drill program on its Hemlo West property and is waiting for drill results from Activation Laboratories Ltd. (Actlabs), which may take several weeks due to backlogs. TRI’s Hemlo West property is adjacent to Barrick Gold’s Hemlo property, just 2,500 metres from the world-class Williams Mine. Hemlo West is also a mere 1,200 metres from Barrick’s own drilling activities in its promising “E-Zone”, which is situated along shear zones that head directly into Hemlo West.

The Hemlo Gold Camp has produced some 22 million oz Au over the past 30+ years and continues to produce. Indeed, Barrick produced 223,000 oz. Au and is projecting to produce between 200,000 and 220,000 oz Au in 2021 (according to Barrick’s website). Moreover, Barrick has extended the projected life of the mine past 2030 based on its multi-million oz Au NI 43-101 resource estimates. TRI will be releasing results from its drill program as soon as they are available.

While waiting for the initial results from Actlabs, the drill rig has been moved to TRI's 50% owned 5,000+ acre Echo Ridge property in the Shebandowan Greenstone Belt, 110 km west of Thunder Bay and has initiated a six drill hole program. This drill program is a follow up to the summer drill program at Echo ridge which produced encouraging results. Shebandowan is another historic gold producing site and it hosts Goldshore Resource Inc.’s Moss Lake property, which has 1.47 M oz of Indicated and 2.51 M oz of Inferred historical gold resources (according to Goldshore’s website).

Charles Elbourne, Director, President and CEO of TRI said, “We are grateful to Oberon for facilitating this transaction and excited that Crescat has extended its share position in the Company, which we interpret as a sign of continued confidence in our properties, operational plans, management and advisory team, which includes Quinton Hennigh, PhD, Crescat’s Geologic and Technical Director.  We are also very pleased to have had a role in a well-deserving organization[s] receiving a substantial donation to further its excellent charitable activities.”

Kevin Smith, Crescat’s founder and Chief Investment Officer, commented that, “We are excited to be able to acquire additional shares of TRI while at the same being able to provide significant funding to a worthwhile charitable organization.  We are also pleased that this transaction will enable TRI to further its exploration activities in the highly prolific Hemlo Gold Camp. We invested in TRI and its related company, Trojan Gold Inc., in part because of their large and strategically located land holdings in Hemlo, the Shebandowan Greenstone Belt and the Beardmore-Geraldton Gold Camp. Our current investment is also quite timely given that TRI has commenced its deep drill program at Hemlo.”

David J. LeClaire, CD, MBA, Partner, President & Founder of Oberon Capital Corporation remarked that, “this was a win for all parties involved. Certainly our investors will enjoy CRA-compliant tax benefits, but perhaps more important is that, through our efforts, a very worthy charitable organization was able to raise substantial funding to further their highly laudable activities. We are also pleased that this transaction will provide funding for Tashota Resources’ exploration activities in Northern Ontario, generating important economic benefits to the region in the process.”

About Crescat Capital LLC

Crescat is a global macro asset management firm founded in 1994 by Kevin Smith, CFA, headquartered in Denver, Colorado. Crescat's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat's goal is industry-leading absolute and risk-adjusted returns over complete business cycles with low correlation to standard benchmarks. The Company's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds. Crescat relies on its Geologic and Technical Advisor, Dr. Quinton Hennigh on investments in gold and silver resource companies. Dr. Hennigh obtained his Ph.D. in Geology/Geochemistry from the Colorado School of Mines and has more than 30 years of exploration experience with major gold mining firms.

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

About Oberon Capital Corporation

Oberon is a market leader in arranging Flow Through Donation Financings (“FTDF”) having structured over $800 million in 180 financings with over 100 issuers. Oberon works with the brokerage community to arrange for the subscription, donation and sale of flow through shares to institutional investors globally.

Flow Through Donation Financing has grown from an alternative source of exploration and development capital to an important and material source of capital for companies at the forefront of discovery and development that supports the long-term economic health of Canada’s resource industry.

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO

Tashota Resources Inc.
82 Richmond St. East, Suite 401
Toronto, Ontario M5C 1P1
Telephone:  416-315-6490
Email: elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company’s plan to develop and implement a drill program on the Hemlo West project; the Company’s planned expansion of the Hemlo West project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, Tashota Resources Inc. is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

Linda currently serves on the Elder’s Council for Lac des Milles Lacs First Nation and is the granddaughter of Chief Suzi, former chief of the Lac des Milles Lacs. She also has highly relevant business experience and educational background. From 1985-1993, Linda was the owner/operator of Northwestern Timber Inc., a contract heavy equipment operator to Buchanan Forest Products and Weyerhaeuser. She then founded and managed the Wild Rose Art Gallery (1993-2002). From 2003-2006, she was a program coordinator at the Atikokan Native Friendship Centre, Atikokan, ON. Linda then spent seven years as a program director with Shooniyaa Wa-Biitong, a Treaty 3 First Nation funding and training organization in Kenora, Ontario. During this period, Linda was also a member of the Resources Management Advisory Committee (2003-2009). Linda and her husband, Michael Fogg, are now the owner/ operators of the Sapawe Corner Diner & Motel, a hospitality institution in Northern Ontario.

Linda has completed a Business Administration Training program offered by BDO Dunwoody and Year 1 of Waterloo University’s Community Economic Development Program. She is also nearing the completion of a series of Aboriginal Financial Management courses.

Charles Elbourne, President and CEO of the Company stated that, “I am very pleased to welcome Linda to our Board. As a member of the Lac des Milles Lacs First Nation Elder’s Council and her many years of working within the community, she brings a solid understanding of the First Nations’ issues and perspectives and is in a strong position to assist the Company develop and maintain mutually beneficial relationships with our First Nation property exploration partners. I have no doubt that as the Company implements its exploration plans, her experience will be invaluable to our success.”

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO,

Tashota Resources Inc.
82 Richmond St. E. Suite 401, Toronto, ON M5C 1P1
Mobile: 416-315-6490 | Office: 647-350-6122 | Email:  elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward- looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company's plan to develop and implement a drill program at its Hemlo South property. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "schedule", "estimates", "forecasts", "intends", "continue", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company's activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ material ly from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, Trojan Gold Inc. is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

_{SOURCE: Tashota Resources Inc.}

Jon Li brings more than 20 years of finance experience specializing in the mining, technology and financial service sectors.  As the Vice President of WD Numeric, a full-service accounting firm that provides financial and administrative support services for both public and private companies, Jon leads ongoing process improvement efforts, conducts quality control reviews of client files, and provides CFO services to a portfolio of clients.  Prior to WD Numeric, Jon was the Financial Controller at Strategic Pricing Management Group (“SPMG”) and was responsible for managing all financial activities of the company including set-up and maintenance of general ledger accounting system, budgeting, forecasting, cash management and financial reporting.  Jon is a CPA (US and Canada) and holds an MBA with a concentration in accounting.

Charles Elbourne, President and CEO of the Company stated that, “I am very pleased to welcome Jon as our new CFO. Until his appointment as our CFO, Jon had been working closely with TRI as an advisor along with other companies in TRI’s corporate orbit, including Trojan Gold Inc. and Strike Copper Corp., where he was also recently appointed as CFO.  In all capacities, Jon has provided outstanding financial advice as well as expert and timely preparation of financial statements in support of our outside auditors.”

About Tashota Resources Inc.         

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience.  This includes decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests comprising nearly 45,000 acres.

ON BEHALF OF THE BOARD,

Charles J. Elbourne,
President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO,
Tashota Resources Inc.
82 Richmond St. E. Suite 401
Toronto, ON M5C 1P1
C: 416-315-6490
O: 647-350-6122
Email: elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company's plan to develop and implement a drill program at its Sungold project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "schedule", "estimates", "forecasts", "intends", "continue", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company's activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, TRI is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

_{SOURCE: Tashota Resources Inc.}

The  private placement financing consists of 11,000,000 units (the “Units”) of the Company at $0.10 per unit, for gross proceeds of $1,100,000. Each Unit consists of one common share and one share purchase warrant (the “Warrant”). Each Warrant entitles Crescat to purchase one additional common share, up to a total of 11,000,000 at an exercise price of $0.15. The warrants will expire on December 31, 2123 but are subject to an acceleration clause. The net proceeds of the Financing will be used to explore Tashota’s Hemlo West project in North-Western Ontario and for general working capital.

Charles Elbourne, Director, President and CEO of Tashota, stated, “We are pleased to welcome Crescat Capital as a strategic investor. Being selected by Crescat as a significant investor in Tashota substantiates management's vision of acquiring the right properties, in the right jurisdictions, at the right time.  It also confirms our belief that the gold market is on a major upward cycle. We know Crescat is an active investor and we look forward to working with our new partners who bring a proven track record of financial and technical strength to help unlock the full potential of our assets over the long term, building value for all shareholders. Tashota is now well-positioned to move forward with exploration and drilling programs on our properties this summer”.

Kevin Smith, Crescat’s founder and Chief Investment Officer, commented that, “Tashota has an outstanding management and advisory team that has accumulated an impressive portfolio of properties across Western Ontario. We are particularly excited about the opportunity at Hemlo West. This sort of opportunity fits our friendly activist investment approach very well, and we look forward to working with the Company develop and implement a drill program at this highly prospective property.”

Quinton Hennigh, newly appointed technical advisor to Tashota, commented "Tashota has a large portfolio of quality holdings in several of the prolific gold belts across Western Ontario. One that caught our attention is their Hemlo West/Black River property (9,960 acres), strategically positioned approximately 2,500 metres west of Barrick’s open pit. Barrick has been drilling progressively westward along shear zones for the past several years with, according to the company, "encouraging" results. We see a critical window where those shear zones pass near Hemlo West and potentially dip onto our property. I plan to work with Tashota’s team to develop a better understanding of this target window, and more importantly, to drill test this concept. We are delighted to hold a large stake in an exciting opportunity such as this.”

Charles Elbourne, President and CEO, commented, "We are delighted to have Quinton join the Tashota team and that he shares our belief in the exceptional potential of the Hemlo project.  His experience and global discovery record will significantly support us as we expand the Company's Hemlo West property, situated directly adjacent to Barrick Gold’s Hemlo operations. Dr. Hennigh is an internationally-renown economic geologist with over 30 years of exploration experience with major gold mining companies, including Homestake Mining Company, Newcrest Mining Limited, and Newmont Mining Corporation, where he last served as senior research geologist in 2007. He has since made several significant gold discoveries for Canadian exploration companies, such as the 5 million oz. Springpole alkaline gold deposit near Red Lake, Ontario, for First Mining Gold. He is currently Chairman and President of Novo Resources Corporation, which he helped start in 2010 and is an adviser to Eskay Mining Corp., Kirkland Lake Gold and Lion One Metals Ltd., along with several other companies.

About Crescat Capital LLC

Crescat is a global macro asset management firm founded in 1994 by Kevin Smith, CFA, headquartered in Denver, Colorado. Crescat's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat's goal is industry-leading absolute and risk-adjusted returns over complete business cycles with low correlation to standard benchmarks. The Company's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds. Crescat is advised by its technical consultant, Dr. Quinton Hennigh, on investments in gold and silver resource companies. Dr. Hennigh obtained his Ph.D. in Geology/Geochemistry from the Colorado School of Mines and has more than 30 years of exploration experience with major gold mining firms.

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO

Tashota Resources Inc.
82 Richmond St. East, Suite 401
Toronto, Ontario M5C 1P1
Telephone: 416-315-6490
Email: elbourne007@gmail.com

Website: www.tashotaresources.com

_{In presenting this information, TRI is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

The Report provides a full review of the geology, mineralization, exploration history, and exploration potential of the Hemlo South Property in which TGI has a 50% interest. In addition, the Report discusses the recently conducted geochemical survey conducted by the Company on the Property which was successful in obtaining several strong Au and/ or Ag anomalies. These anomalies are supported by responses in several other elements, such as Ba, Mn, Cu, W, Ca, and Zn. These occur in three areas, all in the eastern part of the property and one on the west side. The Report also provides recommends a two- phase exploration program – the first to develop drill targets followed by a drilling program to test them.

Charles Elbourne, President and CEO of the Company stated: “This report highlights the exploration potential of Hemlo South and provides guidance with respect to future exploration efforts. Most important, the report concludes that “the Hemlo South property has significant, untested potential to host greenstone-type gold mineralization” and proposes a go-forward exploration program, which the Company intends to pursue.”

The Technical Report is titled, “NI 43-101 Technical Report on the Hemlo South Property, Bomby and Lecours Townships, NORTHWESTERN ONTARIO, Thunder Bay Mining Division” with an effective date of January 29, 2021. The Report was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") by I. A. Osmani, M.Sc., P.Geo. of Faarnad Geological Consulting (FGC) Inc. and A. J. Aubut, M.Sc., P.Geo. of Sibley Basin Group Geological Consulting Services Ltd., both of whom are considered "Qualified Persons" under NI 43-101. The Report has been filed on SEDAR and the Company's website (www.trojangold.com) and is now available for review.

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO,
Tashota Resources Inc.
82 Richmond St. E. Suite 401, Toronto, ON M5C 1P1
Mobile: 416-315-6490 | Office: 647-350-6122 | Email:  elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward- looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company's plan to develop and implement a drill program at its Hemlo South property. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "schedule", "estimates", "forecasts", "intends", "continue", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company's activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ material ly from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, Trojan Gold Inc. is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

The Project is 350 km east of Thunder Bay and 36 km east of Marathon, Ontario right off the Trans- Canada Highway in the Hemlo Gold Camp and there is all-season access to the property.  The Project is adjacent to Barrick’s Hemlo property and is approximately 1,200 metres from the Williams open pit and underground mine.¹   For reference, the Hemlo Gold camp has produced some 21 million oz gold over the past 30 years and is still producing today.²

During May-July 2020, limited prospecting and a Mobile Ion Geochemistry (MIG) Soil Orientation Survey were performed on the Hemlo South property for the purpose of identifying potential drill targets and the resulting report was submitted to the Company in September 2020. The report concluded that the prospecting was successful in locating at least three sheared, pyritic horizons. Moreover, the soil geochemistry was very successful in that several strong gold and/or silver anomalies were obtained in three areas, all in the eastern part of the property and one on the west side. Consequently, further investigation and prospecting was recommended.

Charles Elbourne, President and CEO of the Company stated: “The grant of the 50% interest in Hemlo South and the resulting joint venture agreement with TGI provides for Tashota to receive shares in TGI as well as reimbursement for some of its prior cash payments to the optionor. In addition, TGI will incur or reimburse Tashota for work requirements at the property for a total of $250,000. This transaction allows Tashota to enjoy the upside inherent in the Hemlo South property (as well as TGI’s 12,000-acre Watershed property located in the Shebandowan Greenstone Belt) while recovering costs incurred to date at Hemlo South and limiting the downside risk of the project going forward.”

About Tashota Resources Inc.

Tashota Resources Inc. (“TRI”) is a Prospect Generator junior resource Exploration Company currently focused on defining and monetizing the mineral deposits on its multiple properties that cover nearly 45,000 acres in historically prolific gold camps in Northern Ontario. TRI has a stellar management and advisory team with significant exploration, engineering, project financing and permitting experience, including decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where TRI has significant property interests.

_{1    The Company cautions the reader that proximity to Barrick’s property is no guarantee of similar geological merit.
2   Barrick reports that it has 1.5 million oz Au of proven & probable reserves, 3.3 million measured & indicated oz Au resources and 900,000 oz Au inferred resources (https://www.barrick.com/English/operations/hemlo/default.aspx).}

ON BEHALF OF THE BOARD,

Charles J. Elbourne, President & CEO

For further information, please contact:
Charles J. Elbourne, President & CEO,
Tashota Resources Inc.
82 Richmond St. E. Suite 401, Toronto, ON M5C 1P1
Mobile: 416-315-6490 | Office: 647-350-6122 | Email:  elbourne007@gmail.com
Website: www.tashotaresources.com

_{Cautionary Note Regarding Forward-Looking Statements and Information}

_{This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward- looking statements include, but are not limited to, statements regarding the impact and implications of drill results of the Company; the timing and amount of estimated future exploration and success of such exploration activities; and the anticipated results of the Company's plan to develop and implement a drill program at its Hemlo South property. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "schedule", "estimates", "forecasts", "intends", "continue", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company's activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ material ly from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.}

_{In presenting this information, Tashota Resources Inc. is not making an offer to sell nor soliciting an offer to buy any securities, certifying the completeness or accuracy of this information, or assuming that the recipient is qualified to consider this opportunity. Accordingly, this document does not and is not intended to comply in any manner with any United States or Canadian securities or disclosure laws or requirements. Prior to making or soliciting any such offer, the Company will provide access to such information and will comply with the requirements of applicable securities laws.}

_{SOURCE: Tashota Resources Inc.}