Corvus Gold Extends Mother Lode Sediment Hosted Gold System

VANCOUVER - Corvus Gold Inc. has received assays results from eight new drill holes at its Mother Lode project in southern Nevada. The latest results include the first few holes drilled to define the Northern extension of the Mother Lode deposit, continuing to confirm and expand this new, large sediment hosted gold system.

Hole ML17-003, a core hole drilled in the vicinity of historic hole ML-338 (non-Corvus Gold hole) which returned 73.2 meters of 2.1 g/t gold (silver was never assayed) saw a 66.3 meter intercept of 1.24 g/t gold with the bottom 2.3 meters returning 1.64 g/t gold and 30.4 g/t silver (hole lost in silicified breccia in middle of the ML-338 zone).To date, two other holes have been completed in this part of the system which show thick zones of strong alteration and dikes, assays pending.

Hole ML17-013 was also drilled to the north beyond the historic resource area and produced a thick, high-grade intercept of 94.5 m @ 1.2 g/t Au (includes 30.5 m @ 1.62 g/t in the Lower Zone).  This interval, along with the results from ML17-003 and historic hole ML-338 displays broad zones of strong alteration and numerous intrusives and continues to support the concept that a second major gold mineralization center could exist at the north end of the Mother Lode deposit.Corvus has expanded it proposed phase 2 drill program in this area of the deposit adding more holes to the 2018 program to test the northern extent of mineralization along strike and at depth.

The Mother Lode system is also expanding in the high-grade Main Target as shown in hole ML-17-011 with 38 meters @ 2.67 g/t Au and 13 meters @ 1.48 g/t Au and hole ML17-14 with 59.4 meters @ 1.68 g/t Au.Additionally, the Company is seeing a consistent trend of higher silver values in the Lower Zone of Paleozoic, oxide materialization, with values up to 100 g/t silver.These high silver values are being looked at as a vector to a deeper zone of gold mineralization which is currently being tested with a few deeper holes.Of note, prior historic drilling did not assay for silver.

Hole ML17-10 was drilled to test the eastern extension of the system and intersected the Upper Zone system in its farthest east extension so far (12.2m @ 2.88 g/t gold), but the hole was lost as it entered the Lower Zone (3.1m @ 1.65 g/t Au & 5.29 g/t silver).This expansion potential will be followed up with a series of holes, east of the current drill pattern.

Jeff Pontius, President and CEO of Corvus states “These latest results continue to expand the Mother Lode gold deposit with multiple thick 30-50 meter intervals of +2 g/t gold, with the expansion to the north beyond our original exploration target. The thick mineralization being intersected at the north end of the deposit is now outlining a second center of intrusive activity with associated, broad high-grade mineralization which has lead to Corvus expanding its planned 2018 drill program.  With our recent financing, this expanded 2018 program is now full funded with flexibility for further expansion.  As with most sediment hosted, intrusion related deposits in Nevada, this new discovery is showing great continuity and growth potential and could develop into a major new gold deposit in its own right.”

Corvus also has added to its Mother Lode claim block by staking 75 additional claims covering an additional 625 hectares along trend.  The Mother Lode property has now expanded to 1,147 hectares or 11.5 square kilometers.