Exploits Consolidates Dog BAY Claims
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
EXPLOITS CONSOLIDATES DOG BAY CLAIMS
Vancouver, March 31, 2021 – Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE: NFLD)
(OTCQB: NFLDF) (FSE: 634 -FF) is pleased to announce that it has entered into an agreement to
acquire 100% interest in the Hicks - Dog Bay properties (the “properties”) to consolidate the Dog
Bay Gold Project (the “project”) for 550,000 Exploits shares. The claims are subject to a 2.0% Net
Smelter Royalty to one of the underlying vendors of which 1.0% may be bought out for $1 million
at any time. This land acquisition contains several significant historic gold showings and will
increase the land package by 4.5 km2.
Acquisition Highlights
● Exploits has consolidated the last adjacent mineral claims at the Quinlan Vein where high
grade gold can be seen at surface up to 61.3 g/t Au.
● The project now contains five additional historic mineral occurrences with gold values up
to 6.4 g/t Au in quartz veins at surface.
● Structurally, the veins are situated within secondary fault structures, associated with the
Appleton Fault Zone, that were highlighted by GoldSpot Discoveries’ geophysical analysis.
● Exploits’ drill permit applications are pending for the Quinlan Veins for drilling nine holes
totaling 2,250 Metres in summer 2021.
Michael Collins, Chief Executive Officer of Exploits, comments, “The acquisition of these claims
solidifies the Company’s land position on the northeastern end of the Port Alb ert Peninsula, in
particular around the Quinlan Veins which we intend to drill test this spring. Exploits is well
funded, drill ready and positioned for growth on drilling a discovery in the Exploits Subzone.”
About the Project
The claims are situated on t he eastern side of Port Albert Peninsula and are interpreted to be
found on secondary and tertiary structures that intersect the Appleton Fault on the western side
of the claims. There are several historic mineral occurrences located on the properties as follows:
Horwood Bay Cu: A 30 - 45 cm quartz vein exposed for about 15 m, occurs on a small headland
on the west shore of Dog Bay. The vein contains about 1% chalcopyrite along its entire length.
Smaller quartz veins containing traces of chalcopyrite occur within a few hundred feet of the
larger vein (Kalliokoski, 1953).
Gina Au Showing: The Gina showing occurs in a porphyritic felsic dyke that is moderately silicified
and contains spotty sericite alteration with arsenopyrite and pyrite mineralization. The s howing
has yielded grades up to 3.6 g/t Au from grab samples and 3.6 g/t Au over 1.1 m from channel
sampling.
Exploits Discovery Corp.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD | OTCQB:NFLDF
The Beach Au Showing: The Beach occurrence has returned assays up to 6.4 g/t Au from grab
samples. The occurrence occurs in approximately 20 cm wi de quartz vein which contains
arsenopyrite (Dyke, 2006).
Powerline Au Showing: The Powerline occurrence occurs in an approximately 10 cm wide quartz
vein containing arsenopyrite and returned grades up to 1.5 g/t Au from grab samples. Also in the
area, a felsic dyke containing arsenopyrite, pyrite, exposed in the Powerline trench, assayed up
to 3.0 g/t Au from grab samples (Dyke, 2006)
United Church Showing: This occurrence has yielded assay results up to 3.8 g/t Au from grab
samples and 1.6 g/t Au over 1.0 m from channel sampling. The occurrence is composed of a felsic
dyke containing arsenopyrite and pyrite (Dyke, 2005).
Two of the northern claim Cells are proximal to Exploits’ Quinlan Vein showing where visible gold
can be seen at surface, returning assays of up to 61.3 g/t Au and 189 g/t Ag. The Quinlan Veins
consist of several 50 to 70 centimetre-wide quartz veins over a 25m wide zone, currently running
5 to 20 metres in strike length before diving under overburden. Visible gold was discov ered as
fine grains in crack seal fractures and as fine to coarse grains disseminated in the quartz veins.
Structurally, the veins are situated within secondary fault structures, associated with the
Appleton Fault zone, that were highlighted by GoldSpot Di scoveries’ (TSX.V: SPOT) (“Goldspot”)
geophysical analysis. The Quinlan Vein targets are deemed analogous to New Found Gold’s Keats
Zone due to the similarities in structural control and lithological host units.
Exploits Discovery Corp.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD | OTCQB:NFLDF
Area Map of the Exploits Aquisition
Figure 1: Map illustrating Exploits’ acquisition consolidating the Dog Bay Project.
Exploits Discovery Corp.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD | OTCQB:NFLDF
The purchase agreement increases the Dog Bay Project to 1,272 mineral claims, encompassing a
total land area of 318 km², straddling the northern extent of both the Appleton Fault Zone and
bound to the west by the Dog Bay Line. The project can be accessed by travelling north on
highway 340 from Notre Dame Junction, where further access is gained by traveling inland on a
network of well -maintained forest service r oads. The project boundary is also situated 40 km
northeast of the late 2019 New Found Gold Corp. gold discovery, which returned a diamond drill
hole with 92.86 g/t Au over 19.0 meters near surface (see New Found Gold Corp. news dated
January 28, 2020), an d is underlain by the same fault zones and similar packages of siliciclastic
rocks as the discovery host, as mapped by the Newfoundland and Labrador Geological Survey.
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 explor ation 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 2,115 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 l ast 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 h ave delivered discovery such as New Found Gold'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 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.
Exploits Discovery Corp.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD | OTCQB:NFLDF
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 nei ther 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 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.