Exploits’ Receives Drilling Permit at the True Grit Property
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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EXPLOITS’ RECEIVES DRILLING PERMIT AT THE TRUE GRIT PROPERTY
Vancouver, British Columbia – March 10th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”)
(CSE: NFLD) (OTCQB: RNRRF) (FSE: 634 -FF) is pleased to announce that the Company has received full
permitting from the Newfoundland and Labrador Government for drilling at its True Grit Gold Project ,
Newfoundland.
Highlights
● Exploits has received diamond drilling permits for 12 holes totaling 3,000 metres at the True Grit
Gold Project.
● The drill program will focus on high grade gold targets within a halo (2.6km/800m wide surficial
Au-As-Sb soil anomaly) with historic wide-low grade drill intercepts, including 0.60 g/t Au over
117m incl. 0.83 g/t over 26m from surface.
● Exploits’ refined targets were defined by mapping, SGH soil sampling and a high resolution, VTEM
geophysical survey that the company r ecently flew over the property. Historic drilling has only
occured on the fringes of the anomalies that have been newly defined by the Company, indicating
the main anomalous bodies were not tested.
● Sampling in the fall of 2020 identified a west -northwest trending quartz vein which returned a
value of 15.6 g/t Au over 1 metre , This vein orientation coincides with high grade gold
mineralization at Jonthan’s pond and is sub-parallel to historic drill at True Grit. This program will
drill oblique to the inferred high grade structures to be able to intersect both high grade and low
grade targets.
● Exploits also has drill applications pending on the Quinlan Veins, Schooner prospect, Little Joanna
prospect and the Jonathan’s Pond project. Inaugural drilling progra ms will commence in Spring
2021.
Michael Collins, President and Chief Executive Officer of Exploits, commented: “With receipt of drill
permitting for the True Grit project, Exploits is excited to ramp up into the next phase of exploration on
this project. 2020 was all about prospecting, SGH soil, rock sampling and integrating old and new
geophysical surveys. 2021 will focus on integration of high resolution Geophysic, drill targeting with our
partners at GoldSpot Discoveries Corp. and drilling for discovery in 2021.”
About 2021 Diamond Drilling
Exploits has identified 5 discrete targets across their projects within the Exploits Subzone that are nearing
drill ready status. These targets are named the Quinlan Veins, True Grit, Little Joanna Veins, Schooner,
and Jonathan’s Pond. To date, drill permits have been approved for the True Grit Project, totalling 12 holes
for an estimated length of 3,000 metres. Four drill applications are still pending and are expected to be
through the approval process shortly.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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2021 Diamond Drill Permit Locations
Figure 1: Map of the Exploits Discovery claim boundaries with the location of the approved True Grit drill permit,
as well as the locations of the pending Little Joanna Veins, Quinlan Veins, Schooner, and Jonathan’s Pond drill
applications.
12 holes (3,000m) were approved for the True Grit project. Historic wide, low grade, gold intercepts
including 0.60 g/t Au over 117m from surface (Moydow Mines, 2005) are being slated for follow up.
Exploits’ 2020 SGH soil survey combined with the newly flown, high resolution geophysics have provided
context to the historical drill intercepts, optimizing targets for drilling in the area.
With limited outcrop on the project, historical drilling was focused on a 2.6 kilometre by 0.80 kilometre
gold in soil anom aly and channel sampling along a ridge of minor outcrop, which contained channel
samples of up to 15.6 g/t Au over 1.0 metres (Teck, 1990). From these results, Exploits believes there is
potential for a low grade system with high grade quartz veins within the body. Updated field techniques
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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such as SGH soils and high resolution airborne VTEM geophysics, which was undertaken in late 2020 and
early 2021, have identified a larger footprint to the historic drill targets and that drilling took place on the
fringes of the newly defined targets, which the company is looking forward to testing.
The True Grit Property is 100% owned by Exploits Discovery and is easily accessible, located only 2 km
west of the junction of the Harbour Breton (Route 360) and St. Alban's h ighways (Route 361) in the Baie
d’ Espoir area of Newfoundland's Exploits Subzone.
Quality Assurance - Quality Control (“QA/QC”)
All rock samples are collected by company personnel and bagged in the field with a sample tags for
identification. The bags are sealed with tape and kept secure at a company facility until they are
transported directly to the lab by Exploits staff.
All rock samples are analyzed at Eastern Analytical of 403 Little Bay Road, Springdale, NL, a commercial
laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits Discovery Corp.
Eastern Analytical pulverized 1000 grams of each sample to 95% < 89 μm. Samples are analyzed using fire
assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with
visible gold or assaying above 8.00 g/t Au are further assayed using metallic screen to mitigate the
presence of the nugget effect of coarse gold. Samples in this report were run for Ore Grade Assay w hen
with multi-acid digestion with AA finish for samples above detection limit for silver.
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 Jonathan's
Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend and Gazeebow 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
discoveries such as New Found Gold's 2019 discovery of 92.86 g/t Au over 19.0 metres near the 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 Exploit s, 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
opportunity 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.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
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 cautioned that these forward -looking statements are neither promises nor guarantees,
and are subject to risks and uncert ainties 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 industry. 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.
Acknowledgments
Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance
Program from the Department of Natural Resources, Government of Newfoundland and Labrador.