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FRG.CN ·

Mojave Announces 2.7M Stock Option Grant

Share Capital & Compensation

Mojave Gold Corp. | +1-604-271-0826. | 1050-12471 Horseshoe W ay, Richmond BC, V7A 4X6

F o r I M M E D I A T E R E L E A S E

MOJAVE ANNOUNCES 2.7M STOCK OPTION GRANT

VANCOUVER, British Columbia, February 25, 2021 (GLOBE NEWSWIRE) -- MOJAVE GOLD CORP.

(CSE: MOJ) (OTCBB: MOJGF) (“Mojave” or the “Company”) wishes to announce that it has entered int o stock

option agreements granting the right and option to purchase 2,700,000 common shares of the Company at

$0.59 per common share exercisable in whole or in part on or before five years from February 25, 2021.

On behalf of the Board of Directors

“Greg Bron son ”

President / CEO

Mojave Gold Corp.

For more information contact Greg Bronson, President

[email protected]

Forward Looking Statements

Certain of the statements made and information cont ained herein may contain forward- looking informati on within the meaning of applicable Canadian

securities laws. Forward-looking information in cludes, but is not limited to, information c oncerning the Company's intentions with respec t to

the development of its mineral properties. Forward- looking information is based on the views, opinions , intentions and estimates of management at the

date the information is made, and is based on a num ber of assumptions and subject to a variety of risk s and uncertainties and other factors that could

cause actual events or results to differ materially from those anticipated or projected in the forward -looking information (including the actions of othe r

parties who have agreed to do certain things and th e approval of certain regulatory bodies). Many of t hese assumptions are based on factors and events

that are not within the control of the Company and there is no assurance they will prove to be correct . There can be no assurance that forward-looking

information will prove to be accurate, as actual re sults and future events could differ materially fro m those anticipated in such information. The Compan y

undertakes no obligation to update forward-looking information if circumstances or management's estima tes or opinions should change except as

required by applicable securities laws, or to comme nt on analyses, expectations or statements made by third parties in respect of the Company, its

financial or operating results or its securities. T he reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbou r.