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AVG.V ·

Avidian Gold Announces Appointment of New President

Management Changes

Avidian Gold Announces Appointment of New President

TORONTO, Ontario, January 21, 2020 – Mr. David Anderson, Chairman and CEO of Avidian

Gold Corp. (“ Avidian” or the “ Company”) ( TSX-V: AVG), is pleased to announce the

appointment of Steve Roebuck as President, effective immediately.

Mr. Roebuck is a professional geologist who has worked with Canadian and International publicly

listed resource companies for the past 25 years. Mr. Roebuck has been with the Company since

June 2019 serving as VP Corporate Development. Prior to joining Avidian , Mr. Roebuck held

executive roles with Enforcer Gold, Scorpio Gold and Advanced Exploration and technical roles

with BHP Billiton, Royal Oak Mines and Placer Dome.

David Anderson, Chairman and CEO of Avidian states…”Having worked with Steve the past 6

months I am confident he will add value and succeed in his role as President. Steve brings to

Avidian both technical and business expertise which is a combinati on of skill sets that are

invaluable in implementing the Company’s business plan. I am pleased to welcome Steve to his

new role as President and look forward to working with him in realizing the value represented by

Avidian’s assets for shareholders”.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers together with a regional scale

advanced stage gold-copper exploration portfolio in Alaska. Avidian’s Golden Zone project also

hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au)

plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional

projects include the Amanita gold property which is adjacent to Kinross Gold’s Fort Knox gold

mine in Alaska and the Jungo gold/copper property in Nevada.

Avidian is the majority owner of High Tide Resources, a private company, that owns the base

metal Strickland Property, the Black Raven gold property and an option on the Labrador West

Iron Ore property, all located in Newfoundland and Labrador, Canada.

For further information, please contact:

Bonnie Hughes, Manger Investor Relations

Mobile: +44 7538 296674

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news

release.

Forward-looking information

2

This News Release includes certain "forward -looking statements". These statements are based on

information currently available to the Company and the Company provides no assurance that actual results

will meet management's expectations. Forward -looking statements include estimates and statements that

describe the Company's future plans, objectives or goals, including words to the effect that the Company

or management expects a stated condition or result to occur. Forward-looking statements may be identified

by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or

"plan". Since forward -looking statements are based on assumptions and address future e vents and

conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to,

among other things, results of exploration, project development, reclamation and capital costs of the

Company's mineral properties, and the Company's financial condition and prospects, could differ materially

from those currently anticipated in such statements for many reasons such as: changes in general economic

conditions and conditions in the financial markets; changes in demand and price s for minerals; litigation,

legislative, environmental and other judicial, regulatory, political and competitive developments;

technological and operational difficulties encountered in connection with the activities of the Company;

and other matters discus sed in this news release. This list is not exhaustive of the factors that may affect

any of the Company's forward-looking statements. These and other factors should be considered carefully,

and readers should not place undue reliance on the Company's forwa rd-looking statements. The Company

does not undertake to update any forward -looking statement that may be made from time to time by the

Company or on its behalf, except in accordance with applicable securities laws.