Notice of Default Update

MOJAVE GOLD CORP.

PRESS RELEASE

NOTICE OF DEFAULT UPDATE

VANCOUVER, B.C. JANUARY 15, 2021/ MOJAVE GOLD CORP. (CSE: MOJ) did not

file its annual financial statements and management’s discussio n & analysis for the fiscal year

ended August 31, 2020, by the filing deadline of December 29, 2020, and as a result is in default

of its obligations under Part 4 of National Instrument 51-102 C ontinuous Disclosure

Obligations.

The Company has requested from t he applicable Canadian securiti e s r e g u l a t o r s t h a t a

management cease trade order related to the Company's securitie s be imposed against some or

all of the persons who have been directors, officers or insider s of the Company. A Management

Cease Trade Order was issued on December 30, 2020. This order d oes not generally affect the

ability of persons who have not been directors, officers or ins iders of the Company to trade the

Company's securities.

The Company intends to satisfy the alternative information guidelines set out National Policy 12

– 203 Cease Trade Orders for Continuous Disclosure Default by f iling bi-weekly Default Status

Reports, as required, until such time as the financial statements and MD&A are filed.

The Company advises that there are no material changes to the i nformation contained in the

default announcement or particulars of the failure, and there i s no material information

concerning the affairs of the Company that has not been generally disclosed. The Company does

not anticipate any subsequent defaults under National Instrument 51-102 Continuous Disclosure

Obligations.

For further information, contact Greg Bronson at [email protected].

On behalf of the Board, Greg Bronson,

CEO & Director

This press release contains forward-looking statements within t he meaning of applicable

securities laws. All statements t hat are not historical facts, including without limitation,

statements regarding future estimates, plans, programs, forecas ts, projections, objectives,

assumptions, expectations or beli efs of future performance, are “forward-looking statements.”

Forward-looking statements can be identified by the use of word s such as “plans”, “expects” or

“does not expect”, “is expected”, “estimates”, “intends”, “anti cipates” or “does not anticipate”,

or “believes”, or variations of such words and phrases or state ments that certain actions, events

or results “may”, “could”, “would” , “might” or “will” be taken, occur or be achieved. Such

forward-looking statements involve known and unknown risks, unc ertainties and other factors

that may cause actual results, events or developments to be mat erially different from any future

results, events or developments expressed or implied by such forward looking statements.

THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION

CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.