Exploits Receives First Goldspot Discoveries Corp. Exploration Target

EXPLOITS RECEIVES FIRST GOLDSPOT DISCOVERIES CORP. EXPLORATION TARGET

Vancouver, British Columbia - January 14th, 2020 - Exploits Discovery Corp., (“Exploits” or the

“Company”) (CSE: NFLD) (FSE: 634-FF) is pleased to release its first high priority exploration target

generated by GoldSpot Discoveries Corp. (“GoldSpot”) (TSXV: SPOT) A.I. technology. The newly

identified “Schooner Fault” is a secondary fault structure that trends parallel to the mineralized

Appleton fault which hosts New Found Gold Corp.’s (“NFGC”) discovery hole approximately 3.5

kilometres to the east.

Highlights:

• GoldSpot delivers first high priority target for Exploits

• The Schooner Fault is a secondary geological structure, striking parallel to the gold bearing

Appleton Fault which hosts NFGC’s Keats Zone.

• 6.5 kilometres of strike length of the Schooner Fault is contained within Exploits’ Mount

Peyton Gold Project area.

• The target lies wi thin Davidsville Group of siliciclastic sediments with coincident

historically sampled Au in tills (Torq Resources 2017) over intersecting faults, similar to

the geology of the Keats Zone, which lies 3.5 kilometres to the east.

• Ground work, including geoph ysics, prospecting, and trenching is being planned for

immediate follow up.

Michael Collins, President and Chief Executive Officer of Exploits, commented : “Exploits is very

pleased to present these GoldSpot generated targets on the Schooner Fault. We have a very large

land package with numerous existing high value gold targets. The Exploits team is working to

build a comprehensive database with prospecting and geophysical data acquisition. Gold Spot’s

technical team, Exploits Subzone knowledge base and A.I. process will continue to drive targeting

and discovery faster and better than our exploration peers.”

Denis Laviolette, Executive Chairman and President of Gold Spot, said: "GoldSpot believe s that

Newfoundland is a highly prospective area for exploration. The Schooner Fault is potentially in

the same geological environment, has the same trend, and is near GoldSpots and NFGC's very

prolific Appleton and J BP Fault zones. The GoldSpot method of identifying th ese potential

mineralized structures is creating prospective areas for our clients we feel is prime areas for

recommended follow up work. GoldSpot continues to be the premier geological and data

partner in Newfoundland. We believe Exploits stands an exce llent chance to make a significant

discovery along the Schooner fault as well as on other project areas in its claim portfolio in the

region.

Figure 1: Exploits Discovery Corp.’s Mt. Peyton Project with GoldSpot’s identified Schooner Fault and target area in black

ellipses.

Through historical compilation work, re-interpretation, and GoldSpot’s data analysis techniques,

the Schooner Fault (seen in Figure 1) , a secondary parallel structure to the Appleton Fault

approximately 3.5 kilometres west and hosting NFGC’s Keats discovery zone on the Appleton ,

was able to be identified. The new structure is northeast-southwest trending and lies coincident

with Torq Resources 2017 till program in which they reported anomalous gold in till results in

close proximity to the interpreted zone.

Previous Property Exploration

Prior to acquiring the exploration rights to the property, Torq Resource Inc. (“Torq”) held the land

and explored it actively up until 2018. During that time Torq released grab and till samples in

press releases to the market highlighting the gr ade strike and continuity in the exploration area

over what would be discovered as the Schooner Fault. The Press Release is available in its entirety

at:

https://www.torqresources.com/news/2017/torq-resources-identifies-a-25-km-long-gold-corridor-in-

newfoundland-1/

The full till results reported for the area in the September 21st, 2017 press release by Torq has not

yet been released publicly in its entirety. The accuracy and location of the reported till results are

currently being vetted by GoldSpot or Exploits and as such the map contained in the historic

linked Press Release should be used for informational purposes only.

National Instrument 43-101 disclosure

Ian Herbranson, P.Geo, is Vice-President of Exploration for the company and qualified person as

defined by National Instrument 43 -101. Mr. Herbranson supervised the preparation of the

technical information in this news release.

About Exploits Discovery Corp.

Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and

development of mineral projects in Newfoundland, Canada. The company currently holds the

Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathan's Pond, Gazeebow and Dog Bay

projects which cumulatively cover an area of approximately 2,111 square kilometres.

All projects within Exploits portfolio lie within the Exploits Subzone. 

Exploits believes that the Exploits subzone, which runs 200 km from Dog Bay southwest to

Bay d'Espoir, has been neglected since the last major exploration campaigns in the 1980s. The

last 40 years have seen incremental advancements in the understanding of gold mineralization

in the camp. The sum of this knowledge is now coming together in discrete and effective

exploration models that have delivered discovery such asNFGC’s 2019 discovery of 92.86 g/t Au

over 19.0 metres near surface. The Exploits Subzone and GRUB regions have been the focus of

major staking and financing throughout 2020, with increased exploration activities forecasted in

the area moving into 2021. 

The team at Exploits, with significant local experience and knowledge, have studied the entirety

of the Exploits subzone and picked individual land packages for staking or joint venture where

there is an opportu nity for world class discoveries and mine development. Exploits intends to

leverage its local team and the larger shift in understanding and become one of the most

extensive explorers in the Exploits subzone. 

ON BEHALF OF THE BOARD 

/s/ "Michael Collins " 

President and CEO 

For further information, please contact: 

Michael Collins, CEO 

Tel: (604) 681-3170 

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news

release. 

Forward-Looking Statements 

This news release contains certain forward-looking statements, which relate to future events or future performance

and reflect management's current expectations and assumptions. Such forward -looking statements

reflect management's current beliefs and are based on assumptions made by and information currently available to

the Company. Readers are caut ioned that these forward -looking statements are neither promises nor guarantees,

and are subject to risks and uncertainties that may cause future results to differ materially from those expected

including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration

and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in

obtaining governmental approvals and permits, and other risks in the mining indu stry. All the forward -looking

statements made in this news release are qualified by these cautionary statements and those in our continuous

disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date

hereof and the Company does not assume any obligation to update or revise them to reflect new events or

circumstances save as required by applicable law.