New Near Surface Oxide Gold Zones At Pamlico Project

VANCOUVER, BC - Newrange Gold Corp. reported drilling at the Company's Pamlico project in Nevada has delineated two new high-grade gold zones now referred to as the K-Zone and N-Zone. Both new trends were initially recognized from Newrange's surface geologic mapping in the area of the Merritt Zone (M-Zone). The Company has received assay results for two of the four drill holes currently completed in the K-Zone, with an intercept of 16.87 grams gold per metric tonne (g/T Au) over 4.6 meters as reported for P17-32 in the Table below. In addition, assay results for holes P17-21, 28 and 29 indicate the N-Zone is parallel to the adjacent M-Zone, with results of 12.60 g/T Au over 3.0 meters in P17-29 and 4.19 g/T Au over 21.3 meters in P17-21.

The exploration results to date strongly support the presence of a NW-oriented gold corridor with a width of approximately 65 meters (~220 ft) within a broader corridor that, as indicated by historic mining and recent mapping, may have a width of over 245 meters (~800 ft). Mapping along trend to the SE of the current drill area indicates that the same NW-oriented structures are still present for at least 365 meters (~1,200 ft) in historic workings and other exposures. Strike potential to the NW is covered and unknown at this time.  Drilling continues to suggest that the bulk of the gold mineralization is in iron oxide dominated structures and stockwork veining. No visible gold has been observed in the Company's drill logging and underground sampling, indicating a fine grained gold distribution. As well, all mineralized intervals are completely oxidized and within 75 meters (~250 ft) of the surface. Drilling in the J-Zone indicates the presence of additional mineralized structures, increasing the potential width of this high-grade area. Almost all drill holes to date have intersected gold mineralization of some significance. None of the current drilling tests the more extensive Pamlico Ridge portion of the system which could extend for more than 2.4 kilometers to the southeast as indicated by historic mine workings and prospects. Further mapping, sampling and permitting will allow initial drill testing of this area by January, 2018.