Corvus Gold Reported Expanded Mineral Resource 

VANCOUVER - Corvus Gold Inc. reported that overall North Bullfrog Mineral Resource estimation has expanded with the Measured and Indicated categories increasing by 30% from the 2015 Mineral Resource estimation to now account for 64% of contained ounces. 99% of the proposed mill material is now in the Measured and Indicated Mineral Resources categories. The new Phase 1 Measured and Indicated Mineral Resource contains 904,000 ounces of gold & 5,459,000 ounces of silver at an average grade of 0.80 g/t gold and 4.86 g/t silver in 35 million tonnes. The maiden sulphide Measured and Indicated Mineral Resources estimations were defined for the Phase I project with 89,000 ounces of gold and 343,000 ounces of silver at a grade of 1.46 g/t gold and 5.64 g/t silver in 1.89 million tonnes utilizing Ambient Atmospherics Oxidation (AAO) processing in the proposed mill facility. Total Phase 2 Measured and Indicated Mineral Resources estimations of 855,000 ounce of gold and 2,565,000 ounces of silver at 0.22 g/t gold and 0.65 g/t silver in 123 million tonnes of material.

Corvus reported updated Mineral Resource estimations incorporating all drill results through to 2017 at its 100% owned North Bullfrog Project (“NBP”). The updated Mineral Resource estimation is a two phase approach with “Phase 1” as an early stage, higher grade mix of predominantly oxide mill processing and oxide heap leach processing.  “Phase 2” includes mainly heap leach mineralization. The Mineral Resources estimations (Measured, Indicated and Inferred) were based on economic constraints using Whittle TM software, assuming open pit mining and a gold price of USD $1,250 per ounce and a silver price of USD $16.50 per ounce.  

Jeff Pontius, the Company’s President & CEO states, “The North Bullfrog Resource update has delivered an expansion of the Phase 1 project with an increase in mill ounces, Mineral Resource confidence and overall grade.  This initial phase has approximately one-million Measured and Indicated Mineral Resources gold ounces and over five million silver ounces which outline potential for a future mining operation that we believe could be complemented by the Mother Lode project, which is located six kilometers to the southeast.  Additionally, this study provides a first look at the viability of integrating higher grade sulfide mineralization into the mine plan which potentially opens the door for future resource expansion in this class of mineralization.  We at Corvus Gold look forward to the integration of the Phase 1, North Bullfrog Project with the Mother Lode Project which we believe could deliver an exciting new, low cost, Nevada gold mining project.”