Filing Of PEA Technical Report For Sandman Gold Project

VANCOUVER - Gold Bull Resources Corp. has filed an Independent Preliminary Economic Assessment (PEA) for the Sandman Project located in Humboldt County, Nevada. The previous Mineral Resource Estimate (MRE) was not modified as part of this Scoping Study. The focus of the study was to conduct a preliminary economic assessment of the known gold resources located above the water table.

In December 2020, Gold Bull purchased the Sandman Project from Newmont. Gold mineralization was first discovered at Sandman in 1987 by Kennecott and the project has been intermittently explored since then. There are four known pit constrained gold resources located within the Sandman Project, consisting of 21.8Mt at 0.7g/t gold for 494,000 ounces of gold; comprising of an Indicated Resource of 18,550kt at 0.73g/t gold for 433kozs of gold plus an Inferred Resource of 3,246kt at 0.58g/t gold for 61kozs of gold. Several of the resources remain open in multiple directions and the bulk of the historical drilling has been conducted to a depth of less than 100m. Sandman is conveniently located circa 25-30 km northwest of the mining town of Winnemucca, Nevada.