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VANCOUVER, British Columbia, April 15, 2020 (GLOBE NEWSWIRE) — Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has accustomed added absolute after-effects from its advancing Main Breadth infill drop expansion, Phase-4 assignment affairs (Table 1) at the 100% endemic Mother Lode project.  These after-effects with aperture ML20-132 (47m @ 1.43 g/t Au, including 29m @ 1.88 g/t Au) & ML20-133 (42.7m @1.98 g/t Au including 38.1m @ 2.16 g/t Au & 18.3m @ 1.8 g/t Au) auspiciously aggrandize the Main drop in unestimated genitalia of the 2018 mineral ability archetypal in accession to extending the anew articular CIZ (Central Advancing Zone) at abyss (Figure 1).   RC (reverse circulation) conduct into and through the CIZ continues to be arduous but conduct to date has now accepted the chain of the CIZ over a bang breadth of ~600m and to a abyss of 200 metres bottomward dip.  In addition, a new architecture amount aperture afresh completed through the CIZ with after-effects awaiting has apparent the breadth is abundant added than the distinct barricade intercepted by the RC conduct but expands for at atomic 150 metres in amplitude arctic of the celebrated pit. 

Corvus has taken proactive accomplishments to abode the abeyant impacts of the Covid-19 alpha on its cadre and projects that will accredit the Aggregation to abide assignment programs and beforehand its key 2020 initiatives with basal disruption.  The Aggregation began the year absolutely adjourned for the 2020 and 2021 assignment programs (~CAD $21M as of January 2020, 85% captivated in USD).  The Company’s activity assignment continues on agenda and on account with the accomplishing of the Corvus Covid-19 procedures and in abounding acquiescence with requirements allowable by the Accompaniment of Nevada.

Hole ML20-132 (47m @ 1.43 g/t Au, including 29m @ 1.88 g/t Au, aperture absent at the alpha of the CIZ, 3.1m @ 0.43 Au of oxide) was accomplished to infill an breadth of the drop amid above-mentioned holes ML18-102 (NR19-03, Feb.21, 2019, 32m @ 2.1 g/t Au hole, concluded afore CIZ was reached) & ML17-012 (NR17-19, Dec 12, 2017, 29m @ 1.53 g/t Au, absent at the top of the CIZ).  The latest conduct has apparent that mineralization in this breadth is thicker than the above-mentioned accomplished surrounding holes and commensurable in grade.  Infill holes are continuing to access the all-embracing affection and admeasurement of the drop as able-bodied as authenticate continuity, which is advised to augment the abundance design.

Similar to the added infill holes appear this year, ML20-133 (42.7m @1.98 g/t Au including 38.1m @ 2.16 g/t Au & 18.3m @ 1.8 g/t Au in the top of CIZ with poor accretion and aboriginal termination) was accomplished to infill an breadth amid holes ML18-088 (NR19-02, Jan.22, 2019, 27.4 m @ 2.26 g/t Au, chock-full afore the CIZ) and ML18-052 (NR18-08, Apr.5, 2018, 53m @ 1.90 g/t Au and 41.2m @ 1.52 g/t Au of oxide in the CIZ breadth the aperture ended).  These new after-effects announce that the array and brand is commensurable to beforehand conduct in accession to extending the CIZ to the north. 

Hole ML20-138 was accomplished forth the eastern abuttals of the axial Mother Lode acreage to appraise the eastern addendum of the Main deposit.  The after-effects announce the mineral arrangement wains to the east and although the added oxide allotment of the arrangement may present a approaching ambition as aperture ML20-138 concluded afore testing the abounding arrangement due to poor conduct conditions.

Jeffrey Pontius, President and CEO of Corvus, said, “The advancing infill assignment at Mother Lode is favorable for an amplification of the drop back we conduct our abutting mineral ability update.  The after-effects from the CIZ are additionally auspicious for axis this new assay beneath the Main drop into an amplification of the oxide gold arrangement at depth.  The new abysmal amount appendage conduct affairs has been acknowledged at conduct beyond the CIZ ambition in our latest abysmal aperture (ML19-123CT) which has intersected a ample ( 150m), acutely breakable breadth with assorted advancing dikes and able alteration.  If this aperture allotment cogent brand it could advance to an oxide amplification of the Mother Lode deposit.”   

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Table 1Mother Lode – Mineral Ability Amplification Phase-4 Results  (Reported intercepts are not authentic widths as there is currently bereft abstracts to account authentic acclimatization in space. Mineralized intervals are affected application a 0.3 g/t absolute unless contrarily adumbrated below)

Qualified Actuality and Affection Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a able actuality as authentic by National Instrument 43-101 – Standards of Acknowledgment for Mineral Projects (“NI 43-101”), has supervised the alertness of the authentic and abstruse advice that forms the base for this account absolution and has accustomed the acknowledgment herein.  Mr. Pontius is not absolute of Corvus, as he is the CEO & President and holds accepted shares and allurement banal options.

Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a able actuality as authentic by NI 43-101, has accommodating beheading of the assignment categorical in this account absolution and has accustomed the acknowledgment herein. Mr. Brechtel is not absolute of Corvus, as he is the COO and holds accepted shares and allurement banal options.

The assignment affairs at Mother Lode was advised and supervised by Mark Reischman, Corvus’ Nevada Analysis Manager, who is amenable for all aspects of the work, including the affection control/quality affirmation program.  On-site cadre at the activity log and clue all samples above-mentioned to sealing and shipping.  Affection ascendancy is monitored by the admittance of dark certified accepted advertence abstracts and blanks into anniversary sample shipment.  All mineral ability sample shipments are closed and alien to American Assay Laboratories (AAL) in Reno, Nevada, for alertness and assaying.  AAL is absolute of the Company.  AAL’s affection arrangement complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.  Analytic accurateness and attention are monitored by the assay of reagent blanks, advertence absolute and carbon samples.  Finally, adumbrative dark alike samples are forwarded to AAL and an ISO adjustable third-party class for added affection control.  Mr. Pontius, a able person, has absolute the abstracts basal the advice appear herein, including sampling, analytic and assay abstracts basal the advice by reviewing the letters of AAL, methodologies, after-effects and all procedures undertaken for affection affirmation and affection ascendancy in a address constant with industry practice, and all affairs were constant and authentic according to his able judgement.  There were no limitations on the assay process.Mr. Scott E. Wilson, CPG (10965), Registered Member of SME (4025107) and President of Ability Development Associates Inc., is an absolute consulting geologist specializing in Mineral Reserve and Mineral Ability adding reporting, mining activity assay and due activity evaluations.  He is acting as the Able Person, as authentic in NI 43-101, and is the primary columnist of the Abstruse Address for the Mineral Ability appraisal and has advised and accustomed the Mineral Ability appraisal and the Preliminary Economic Assessment abbreviated in this account release.  Mr. Wilson has over 29 years of acquaintance in apparent mining, mineral ability admiration and cardinal abundance planning. Mr. Wilson is President of Ability Development Associates Inc. and is absolute of the Aggregation beneath NI 43-101.

Mr. Wilson, a able person, has absolute the abstracts basal the advice appear herein, including sampling, analytic and assay abstracts basal the advice by reviewing the letters of AAL, methodologies, after-effects and all procedures undertaken for affection affirmation and affection ascendancy in a address constant with industry practice, and all affairs were constant and authentic according to his able judgement.  There were no limitations on the assay process.

Metallurgical testing on Arctic Bullfrog and Mother Lode samples has been performed by McClelland Analytic Services Laboratories Inc. of Sparks Nevada (“McClelland”), McClelland is an ISO 17025 accepted ability that food quantitative actinic assay in abutment of metallurgical, analysis and ecology testing application archetypal methods and avant-garde analytic instrumentation.  McClelland has met the requirements of the IAS Accreditations Criteria for Testing Laboratories (AC89), has approved acquiescence with ANS/ISO/IEC Accepted 17025:2005, General requirements for the adequacy of testing and arrangement laboratories, and has been accredited, back November 12, 2012. Hazen Research Inc. (“Hazen”), an absolute laboratory, has performed flotation, AAO testing and cyanide bleed testing on samples of sulphide mineralization from the YellowJacket breadth and Swale breadth of Sierra Blanca, and baking tests on Mother Lode abutment concentrate. Hazen holds analytic certificates from accompaniment authoritative agencies and the US Ecology Protection Agency (the “EPA”).  Hazen participates in achievement appraisal studies to authenticate adequacy and maintains a ample banal of accepted advertence abstracts from the National Institute of Standards and Technology (NIST), the Canadian Centre for Mineral and Energy Technology (CANMET), the EPA and added sources.  Hazen’s QA affairs has been developed for acclimation to the applicative requirements and standards referenced in 10 CFR 830.120 subpart A, affection affirmation requirements, January 1, 2002. Pressure blaze assay assignment on Mother Lode apply samples was performed by Ability Development Inc. of Wheatridge, CO.

For added details, see abstruse address advantaged “Technical Address and Preliminary Economic Assessment for the Integrated Mother Lode and Arctic Bullfrog Projects, Bullfrog Mining District, Nye County, Nevada”, anachronous November 1, 2018 and adapted on November 8, 2018, with an able date of September 18, 2018 on the Company’s contour at www.sedar.com.

About the Arctic Bullfrog & Mother Lode Projects, Nevada

Corvus controls 100% of its Arctic Bullfrog Project, which covers about 90.5 km2 in southern Nevada.  The acreage amalgamation is fabricated up of a cardinal of clandestine mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims.  The activity has accomplished infrastructure, actuality adjoining to a above artery and ability aisle as able-bodied as a ample baptize right. The Aggregation additionally controls 445 federal unpatented mining claims on the Mother Lode activity which totals about 36.5 km2 which it owns 100%.  The absolute Corvus 100% acreage buying now covers over 127 km2, hosting two above new Nevada gold discoveries.

Effective as of September 18, 2018, the accumulated Mother Lode and Arctic Bullfrog Projects contains a Measured Mineral Ability for the comminute of 9.3 Mt at an boilerplate brand of 1.59 g/t gold, absolute 475 k ounces of gold and Adumbrated Mineral Assets for the comminute of 18.2 Mt at an boilerplate brand of 1.68 g/t gold absolute 988 k ounces of gold and an Inferred Mineral Ability for the comminute of 2.3 Mt at an boilerplate brand of 1.61 g/t gold absolute 118 k ounces of gold.  In addition, able as of September 18, 2018, the activity contains a Measured Mineral Ability for oxide, run of mine, abundance bleed of 34.6 Mt at an boilerplate brand of 0.27 g/t gold absolute 305 k ounces of gold and an Adumbrated Mineral Ability for, oxide, run of mine, abundance bleed of 149.4 Mt at an boilerplate brand of 0.24 g/t gold absolute 1,150 k ounces of gold and an Inferred, oxide, run of mine, abundance bleed Mineral Ability of 78.7 Mt at an boilerplate brand of 0.26 g/t gold absolute 549 k ounces of gold.

About Corvus Gold Inc.

Corvus Gold Inc. is a Arctic American gold analysis and development company, focused on its near-term gold-silver mining activity at the Arctic Bullfrog and Mother Lode Districts in Nevada.  Corvus is committed to architecture actor amount through new discoveries and the amplification of its projects to aerate allotment amount advantage in an advancing gold and argent market.

On account ofCorvus Gold Inc.

(signed) Jeffrey A. PontiusJeffrey A. Pontius,President & Chief Executive Officer

Contact Information:  Ryan KoInvestor RelationsEmail: [email protected]: 1-844-638-3246 (toll free) or (604) 638-3246

Cautionary Note Apropos Forward-Looking Statements

This columnist absolution contains advanced statements and advanced advice (collectively, “forward-looking statements”) aural the acceptation of applicative Canadian and US balance legislation.  All statements, added than statements of absolute fact, included herein, including, after limitation, statements apropos the advance and development of our Mother Lode activity and the amplification of our assignment program; affairs for drilling; expectations of and abeyant for added assets or mineralization; expectations apropos the abeyant for approaching open-pit and underground mining; expectations for types of mineralization; updates on the development advance at the Mother Lode project; the abeyant for new deposits and discoveries and accepted increases in a system’s potential; expectations apropos the abeyant amplification of the Bullfrog mining district; advancing content, admission and amount of analysis programs, advancing analysis affairs results, are advanced statements.  Although the Aggregation believes that such statements are reasonable, it can accord no affirmation that such expectations will prove to be correct.  Advanced statements are about articular by words such as: believe, expect, anticipate, intend, estimate, advance and agnate expressions, or are those, which, by their nature, accredit to approaching events.  The Aggregation cautions investors that any advanced statements by the Aggregation are not guarantees of approaching after-effects or performance, and that absolute after-effects may alter materially from those in advanced attractive statements as a aftereffect of assorted factors, including, but not bound to, variations in the nature, affection and abundance of any mineral deposits that may be located,variations in the bazaar amount of any mineral articles the Aggregation may aftermath or plan to produce, the Company’s disability to access any all-important permits, consents or authorizations appropriate for its activities, the Company’s disability to aftermath minerals from its backdrop auspiciously or profitably, to abide its projected growth, to accession the all-important basic or to be absolutely able to apparatus its business strategies, and added risks and uncertainties appear in the Company’s Annual Address on Form 10-K for the budgetary year concluded May 31, 2019 filed with assertive balance commissions in Canada and the Company’s best contempo filings with the United States Balance and Exchange Commission (the “SEC”).  All of the Company’s Canadian accessible acknowledgment filings in Canada may be accessed via www.sedar.comand filings with the SEC may be accessed via www.sec.gov and readers are apprenticed to analysis these materials, including the abstruse letters filed with account to the Company’s mineral properties.

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