New Placer Dome And CopAur Minerals Commence Drilling At The Bolo, Nevada Project And Provide Operational Update

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New Placer Dome And CopAur Minerals Commence Drilling At The Bolo,

Nevada Project And Provide Operational Update

News Release - Vancouver, British Columbia – December 22, 2021: New Placer Dome Gold Corp.

(“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTC: NPDCF) (FSE: BM5) and Copaur

Minerals (“Copaur Minerals”) (TSX-V: CPAU) are pleased to announce that a 1,700 metre diamond

drill program has commenced at the Bolo gold-silver project (the “ Bolo Project ” or “ Bolo”). New

Placer Dome is also pleased to announce that the final share issuance pursuan t to the Bolo earn in

agreement has been made. The diamond drill program will focus on expansion of existing at surface,

Carlin style, high-grade gold-silver oxide, mineralized zones.

New Placer Dome has planned an initial 6 high- priority diamond drill holes at Bolo totaling

approximately 1,700 m targeting the Mine Fault and other mineralized structur es that host the South

Mine Fault, Uncle Sam, and Northern Extension mi neralized gold zones. The program is expected to

significantly assist the development of a 3D geological model for the South Mine Fault Zone.

Jeremy Yasenuik and John Williamson of the Metals Group, Max Sali, CEO of New Placer Dome

Gold Corp., on site at the Bolo Project - December 2021

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Bolo diamond drill rig testing a priority target – December 2021

Drill core from drill hole BL21-01 showing mineralized, decalcified, silicified, and brecciated

interpreted Windfall Formation within South Mine Fault Zone (̴ 579-599 ft.)

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“Last week, our team and the Metals Group completed a site visit to Bolo where core drilling of initial

priority holes and dirt works for future pads is already underway. Seeing Bolo in person again reminded

us of the potential of this Carlin asset and both parties are very excited to work together on advancing

this asset”, stated New Placer Dome’s CEO Maximilian Sali.

Copaur Mineral’s CEO Jeremy Yaseniuk commented, “Witnessing this asset for the first time, drives

home why Nevada is such a world class jurisdiction to work in. The project is easily accessible by

vehicle year-round and the mineralization is open to ex pansion. It will be exciting to explore its full

potential. We look forward to completing the transaction with New Placer Dome.”

The 2021 program will in part expand and step-out on results from the successful 2019 and 2020 RC

programs (see New Placer Dome news releases dat ed November 7, 2019, and February 1, 2021 )

including:

 84 metres of 1.37 g/t gold in hole BL19-011, and

 122 metres of 1.2 g/t gold; including an upper zone of 37 metres of 2.1 g/t Au and a new

discovery lower zone of 12.2 metres of 3.32 g/t gold in hole BL19-041, and

 24 metres of 1.38 g/t Au; including 6.1 metres of 4.35 g/t Au at surface in BL20-021, and

 61 metres of 0.74 g/t Au in hole BL20-031, and

 98 metres of 0.54 g/t Au in hole BL20-051, and

 98 metres of 0.41 g/t Au in hole BL20-061

The combined 2019/2020 and historical RC drilling at Bolo defines a 1.2 kilometer north-south trending

corridor of gold-silver mineralization containing the S outh Mine Fault Zone, Uncle Sam, and Northeast

Extension zones. Gold mineralization at Bolo exhibits characteristics of classic Carlin-type mineralization,

including strong subvertical structural control in a ddition to evidence of gold mineralization extending

laterally at low angles within favorable silty carbonate units. The relatively untested 500 m strike length

South Mine Fault-Uncle Sam segment is particularly prospective and is the continued focus of the 2021

drilling (Figure 1).

In conjunction with the diamond drill program, a program of expanded induced polarization (IP) resistivity

geophysical surveys are now underway. The 2021 IP/res istivity surveys will extend geophysical coverage

one (1) km northward to encompass the north extensions of the prospective Mine Fault and East Fault

targets.

Surface sampling at Bolo has defined widespread gold mi neralization, associated with jasperoids, iron-

stained structures, and anomalous pathfinder elements including barium, mercury, arsenic, and antimony

along two parallel north-south trending faults known as the Mine Fault and the East Fault. Alteration along

the Mine Fault has been traced for 2,750 metres, with outcrop sampling returning gold values of 5.2 g/t gold

(South Mine Fault Zone). The East Fault has been mapped for 2,200 metres and has returned gold values

of 4.6 g/t gold (East Fault).

Figure 1: 2019/2020 Bolo Gold Project RC Drill Holes and Gold Targets

1 The true width of mineralization is estimated to be approximately 60-70% of drill width.

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Final Bolo Share Payment

On June 27, 2018, New Placer Dome entered into the Bolo option agreement (the “Bolo Agreement”)

with Allegiant Gold Ltd., Allegiant Gold Hold ing Ltd. and Allegiant Gold (U.S.) Ltd. (“ Allegiant”)

pursuant to which New Placer Dome received the opti on to acquire up to a 75% interest in the Bolo

Project located in Nye County, Nevada, USA. On December 17, 2021, New Placer Dome issued the

final share payment to Allegiant consisting of USD$250,000 of common shares at a deemed price of

$0.20 per share resulting in the issuance of an aggregate of 1,608,350 common shares, which are subject

to a four month hold period. Pursuant to the terms of the Bolo Agreement, there remains certain property

expenditures to be completed in the 2021 and 2022 calendar years in order for New Placer Dome to

acquire an initial 50.01% interest in the Bolo Project.

TSXV Approval of Convertible Note

New Placer Dome is pleased to announce that, further to its news release dated December 13, 2021, it

has received TSX Venture Exchange (the “ Exchange”) approval and obtained a loan of US$840,000

(the “Loan”) by way of a convertible promissory note dated December 10, 2021, as amended December

20, 2021 (the “Convertible Note”) from Copaur Minerals, the proceeds of which will be used by New

Placer Dome to fund its ongoing expl oration work on the Bolo Projec t and to meet its 2021 work

expenditure commitment on the property.

The Loan has a term of one year a nd will bear interest at an interest rate of 10% per annum calculated

and compounded monthly. The Loan is convertible into units of New Placer Dome (“ Units”) at

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Cdn$0.085 per Unit (the conversion price has been amended from $0.08 (as previously announced in

New Placer Dome’s news release dated December 13, 2021) to $0.085 in accordance with the policies

of the Exchange): (i) at the option of Copaur at any time on or subsequent to May 31, 2022 or earlier as

a result of certain other events; or (ii) at the option of New Placer Dome on or subsequent to the maturity

date of the Loan. Each Unit will consist of one common share of New Place r Dome and one common

share purchase warrant with each warrant exercisable into one common share of New Placer Dome at a

price of Cdn$0.12 per share for a period of 36 months . Copaur has the ability to accelerate repayment

of the principal amount of the Loan in the event of the occurrence of certain customary default events.

The Convertible Note is subject to a four month and one-day restricted resale period expiring on

April 11, 2022, in accordance with the policies of the TSX Venture Exchange and applicable

securities law. All securities issuable under the terms of the Convertible Note will similarly be subject

to a four month and one-day restricted resale period.

Proposed Transaction

As previously stated in a join t news release dated December 3, 2021, New Placer Dome and Copaur

Minerals entered into a letter agreement dated November 30, 2021 pursuant to which Copaur Minerals

will acquire all of the issued and outstanding common shares of New Placer Do me in an arm’s length

transaction (the “ Proposed Transaction ”). The Proposed Transaction will be set out in mutually

acceptable, negotiated, definitive transaction agr eements including a definitive agreement (the

“Definitive Agreement”) between New Placer Dome and Copaur Minerals. The Definitive Agreement

will include customary provisions for transaction of this nature including representations and

warranties, covenants, deal prot ections and conditions to closing, including fiduciary-out provisions,

covenants not to solicit other acqui sition proposals and the right to ma tch any superior proposal and a

termination fee as a result of New Placer Dome accepting a supe rior proposal or completing an

alternative proposal within 12 months of termination of the Transaction.

The Proposed Transaction will be effected by way of a court approved Plan of Arrangement to be

completed under the British Columbia Business Corporations Act. The Proposed Transaction will

require the approval of (i) at leas t 66 2/3% of the votes cast by the shareholders of New Placer Dome

and (ii) at least 66 2/3% of the votes cast by the sh areholders of New Placer Dome and the holders of

options and warrants, voting together as a single class, at a special mee ting of New Placer Dome

securityholders that will be called to consid er the Proposed Transaction. New Placer Dome’s

outstanding options and warrants w ill be exchanged for Copaur Mi nerals options and warrants and

adjusted in accordance with their terms such that the number of Copaur Minerals shares received upon

exercise and the exercise price will reflect the consideration described above.

Upon completion of the Proposed Transaction, New Pl acer Dome’s shares will be de-listed from the

TSX Venture Exchange and it is expected that Copaur Minerals will apply to cause New Placer Dome

to cease being a reporting issuer under applicable Canadian securities laws. Upon execution of the

Definitive Agreement, the full details of the Proposed Transaction will be included in the management

information circular to be filed with regulatory authorities and mailed to New Placer Dome shareholders

in accordance with applicable securities laws

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About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold

projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project, located 90 km south

of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts

Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated

resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred

resources containing 117,000 ounces of gold av eraging 1.51 g/t Au (2.44 million tonnes) 2. The Bolo

Project, located 90 km no rtheast of Tonopah, Nevada, is another core asset, simila rly hosting Carlin-

style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120

km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team

consisting of capital market and mining professionals with the goal of maximizing value for

shareholders through new mineral discoveries, committed long-term partnerships, and the advancement

of exploration projects in geopolitically favorable jurisdictions.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved

by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton,

AB, a Director of New Placer Dome Corp., and a “Qualified Person” as defined in National Instrument

43-101 – Standards of Disclosure for Mineral Projects . Mr. Raffle verified the data disclosed which

includes a review of the analyti cal and test data underlying the information and opinions contained

therein.

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information:

Max Sali, Chief Executive Officer & Director

Tel: (604) 620-8406

Email: [email protected]

Jeremy Yaseniuk CEO Copaur Minerals Inc.

Tel: (604) 773-1467

Email: [email protected]

Neither the 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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

2 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of

May 5, 2021, and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer

Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).  

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Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking

statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of

words such as "expected", "may", "will" or similar terms. Forward-looking statements are necessarily based upon a number

of factors and assumptions that, while considered reasonable by Copaur Minerals and New Placer Dome as of the date of

such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements in this press release relate to, among other things: the completion of the drilling and

geophysical surveys on the Bolo Project ; the timing and receipt of required sh areholder, court, stock exchange and

regulatory approvals for the Proposed Transaction; the ability of Copaur Minerals and New Placer Dome to satisfy the

conditions to, and to negotiat e and execute a definitive agreem ent and to complete, the Proposed Trans action; the

anticipated timing for exec uting a definitive agre ement; the anticipated tim ing of the mailing of th e information circular

regarding the Proposed Transaction; and the timing for closing of the Proposed Transaction. There can be no assurance

that such statements will prove to be accurate, and actual results and future events could differ materially from those

anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the

statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the

respective parties, are inherently subject to significant busi ness, economic, competitive, political and social uncertainties

and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be

materially different from the results, performance or achievements that are or may be expressed or implied by such forward-

looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such

factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Transaction including,

without limitation, receipt of all necessary securityholder, court, stock exchange and regulatory appr ovals or consents,

completion of the concurrent financing and lack of material changes with respect to the parties and their respective

businesses; the synergies expected from the Transaction not being realized; business integration risks; fluctuations in

general macro-economic conditions; that New Placer Dome may lose or abandon its property interests or may fail to receive

necessary licences and permits; th e loss of key directors, empl oyees, advisors or co ntractors; fluctua tions in securities

markets and the market price of Copaur Minerals’ and New Placer Dome’s shares; fluctuations in the spot and forward

price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian

dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and

political or economic devel opments; the impact of Co vid-19 or other viruses and diseases on the ability to operate; risks

and hazards associated with the business of mineral exploration, development and mining (including environmental hazards,

industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks and uncertainties relating

to the interpretation of exploration result; inability to obtain adequate insurance to cover risks and hazards; and the

presence of laws and regulations that ma y impose restrictions on mining; adverse weather or climate events; increase in

costs; equipment failures; litigation; competition; employee re lations; relationships with and claims by local communities

and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative

nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals

from government authorities; title to properties; the failure to meet the closing conditions thereunder and the failure by

counterparties to such agreements to comply with their obligations thereunder. In addition, New Placer Dome may in certain

circumstances be required to pay a non-completion or other fee to Copaur Minerals, the result of which could have a

material adverse effect on New Placer Dome’s financial position and results of operations and its ability to fund growth

prospects and current operations. Readers should not place undue reliance on the forward-looking statements and

information contained in this news release concerning these times. Many factors, known and unknown, could cause actual

results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned

not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise

required by law, Copaur Minerals and New Placer Dome expressly disclaims any obligation or undertaking to release

publicly any updates or revisions to any such statements to reflect any change in Copaur Minerals or New Placer Dome's

expectations or any change in events, conditions or circumstances on which any such statement is based.