Four Nines GOLD Inc. Announces Closing of Private Placement

Four Nines Gold Inc.

Suite 605, 815 Hornby Street

Vancouver, BC V6Z 2E6

FOUR NINES GOLD INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, B.C. – March 26, 2020 – Four Nines Gold Inc. (CSE:FNAU) (the “ Company”) is pleased to

announce the closing of a non -brokered private placement financing of units at a price of $0.075 per

unit. The Company issued an aggregate of 2,720,000 units for gross proceeds of $204,000.

Each unit consists of one common share of the Company and one share purchase warrant, each warrant

entitling the holder to purchase an additional common share of the Company at a price of $0.10 for a

period of five (5) years.

The Company intends to use th e net proceeds from the offering to reduce payables and for general

working capital and corporate purposes.

All of the securities issued in connection with the Unit Offering are subject to a statutory hold period of

four months and one day and no finder’s fees were paid by the Company in connection therewith.

ON BEHALF OF THE BOARD

FOUR NINES GOLD INC.

/s/Charles Ross

President and Chief Executive Officer

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor

disapproved of the contents of this press release.

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 cont ent 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 historica l 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.