Anfield Provides Progress Update On Coringa Project

VANCOUVER - Anfield Gold Corp. reported on progress at its 100% owned Coringa Gold Project in Para State, Brazil. Since completing the acquisition of Magellan Minerals Ltd., the Company has made substantial progress at the Project and is currently on schedule to start production in late 2017. Work required to implement the Project includes: 1) a 20,000-meter infill drilling program; 2) engineering work related to completion of a NI 43-101 feasibility study incorporating the Andorinhas plant; 3) disassembly, relocation and reassembly of the Andorinhas plant and mining equipment to the Project site; and 4) permitting.

The Company has completed 11,281 meters of the 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The infill drilling program is expected to be completed next month and results will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant and new components is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support Coringa plant construction has been initiated.

The Company has assembled a Brazil-based operating team of which several key management members and operations staff previously operated the Andorinhas plant. Project implementation has progressed substantially. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Project site. The Company expects to complete the remaining work at Andorinhas this month. Reassembly of the plant at the Project will begin once detailed engineering is complete and the required permits are obtained.

The Company has applied for trial mining licenses to allow for initial construction and installation of the plant at the Project, underground mine development, pilot scale mining and the sale of gold. The Company has been working hard to address questions and information requests presented by state environmental and mining authorities and is optimistic that these approvals will be granted later this month. In addition, permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Project. These will allow for the planned full scale production rate of 750 tonnes of mineralized materials per day. Full scale production permitting will be a primary focus of the company in 2017.