Four Nines GOLD Closes Private Placement

FOUR NINES GOLD CLOSES PRIVATE PLACEMENT

August 21, 2020 – Vancouver, B.C. – Four Nines Gold Inc. ( “Four Nines” or the “ Company”) (FNAU:CSE)

(OTCIQ:FNAUF) is pleased to announce that it has closed a non-brokered private placement.

The Company has issued 2,005,000 units of the Company at a price of $0.075 per unit, for aggreg ate gross

proceeds of $150,375. Each unit is composed of one common share and one common share purchase warrant,

with each warrant exercisable at $0.10 for a period of five (5) years from the date of issuance.

The Company intends to use the net proceeds of the offering toward general working capital. All securities

issued in connection with the offering will be subject to a four -month-and-one-day hold period under

applicable securities laws.

On behalf of the board,

For further information, please contact:

Charles Ross

Email: [email protected]

Telephone: 778.228.2269

Cautionary Statement Regarding “Forward-Looking” Information.

This news release includes certain statements that constitute “forward -looking information” within the

meaning of applicable securities law, including without limitation, statements that address the Mariposa

property, comments regarding the timing and content of upcoming work programs, geological interpretations,

costs and timing of future exploration and development, requirements for additional capital, other statements

relating to the financial and business prospects of the Company.

Except for historical information contained herein, this news release contains forward-looking statements that

involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable

securities laws, the Company will not update these f orward-looking statements to reflect events or

circumstances after the date hereof. More detailed information about potential factors that could affect

financial results is included in the documents filed from time to time with the Canadian securities regu latory

authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the

adequacy or accuracy of this news release.