Exploits Discovery Submits Application FOR Drilling at Schooner and Jonathan’S Pond
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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CSE: NFLD
EXPLOITS DISCOVERY SUBMITS APPLICATION FOR DRILLING AT SCHOONER AND
JONATHAN’S POND
Vancouver, British Columbia – February 2nd , 2021 - Exploits Discovery Corp. (“Exploits” or the
“Company”) (CSE: NFLD) (OTCQB: RNRRF) (FSE: 634 -FF) is pleased to announce th at it has
submitted drill permit applications for 6,000 metres of drilling at its 100% wholly owned Schooner
and Jonathan’s Pond gol d projects (the “projects”) located in the Exploits Subzone,
Newfoundland.
Highlights
● Exploits has planned and submitted diamond drilling applications for 24 holes totaling a
length of 6,000 metres across the Schooner and Jonathan’s Pond projects.
● 12 holes (3,000m) at Jonathan’s Pond, 12 holes (3,000m) at the Schooner Prospect in
the Mt. Peyton Project.
● Drilling locations were determined based upon preliminary geological analysis carried
out by Exploits in house technical team and its partner and shareholder Goldspot
Discoveries Corp.’s geophysics experts and Artificial Intelligence program.
● Exploits drilling placement follows on the same targeting techniques used by New Found
Gold Corp. in the discovery hole at the Keats Zone (19m of 94g/t Au) targeting
secondary and tertiary displacement structures that are thought to be responsible for
gold mobilization and concentration in the Exploits Subzone.
● Exploits inaugural drilling programs are to commence pending approval in Spring 2021.
● Assays from 2020 surface exploration, including the two visible gold occurrences at the
Quilan Vein and Little Joanna Showings, are expected shortly.
Michael Collins, President and Chief Executive Officer of Exploits, commented: “ The past six
months at Exploits has been about consolidation of our land package and historical information,
and prioritizing targets. With these permit applications we are shifting to drill planning and
testing these targets. These permits form the first of a minimum of 5 drill permits that we intend
to have in place when the snow comes off in the spring of 2021. The Exploits team is excited to
be crystalizing our drill plans as we drive discovery in the Exploits Subzone, Newfoundland”
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
2021 Diamond Drill Permit Locations
Figure 1: Map of Exploits Discovery claim boundaries with the location of the Schooner and
Jonathan’s Pond drill permit application areas.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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Figure 2: Preliminary drill plan for the Schooner prospect with comparison and spatial
relationship to New Found Gold’s Keats, Lotto, and Knob zones.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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Figure 3: Preliminary drill plan for Jonathan’s Pond following up on field work at the JP Vein and
the newly identified demagnetized fault zone highlighted by geophysical analysis work.
About 2021 Diamond Drilling
Exploits has identified 2 discrete targets within 2 of the company’s 100% wholly owned gold
projects that are nearing drill ready status. These targets are the named Schooner and Jonathan’s
Pond prospects. Drill permits have been submitted for each prospec t totalling 24 holes for a
combined length of 6,000 metres. 12 holes (3,000m) have been applied for at the Schooner
prospect in Mt. Peyton, targeting secondary displacement faults stemming from the Schooner
Fault, a deep-seated fault zone 3.5 km west and trending subparallel to New Found Gold’s Keats
Zone along the Appleton Fault. The target has been deemed analogous to the Keats zone due to
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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the similarities in structural control and both locations being hosted in Davidsville Group
sediments. 12 holes (3,00 0m) were applied for at Jonathan’s Pond targeting the JP Vein, which
has visible gold and assays up to 29 g/t Au, and a demagnetized fault structure observed in
geophysics, with coincident overlaying gold in till samples, which is located entirely within the
newly acquired land from New Found Gold, December 2020, as well as original Exploits land.
While the permitting applications are being reviewed, Exploits plans to refine each target with
follow up field work. Ground geophysics, outcrop mapping, and tre nching are being planned to
fine-tune each target to be drill ready once the permits have been approved.
National Instrument 43-101 disclosure
Ian Herbranson, P.Geo, is Vice-President of Exploration for the company and qualified person as
defined by Nati onal 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 discovery such as New Found Gold's 2019 disc overy 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. Exploit s 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
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
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 th is 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 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, envir onmental 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 the se 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.