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FRG.CN ·

Notice of Default Update

Listings & Exchange

MOJAVE GOLD CORP.

PRESS RELEASE

NOTICE OF DEFAULT UPDATE

VANCOUVER, B.C. February 12, 2021 / MOJAVE GOLD CORP. (the “Company”) (CSE: MOJ)

did not file its interim financial statements and management’s discussion & analysis for the fiscal 3 month

period ended November 30, 2020, by the filing deadline of Janua ry 29, 2021, and as a result is in default

of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.

The Company has requested from the applicable Canadian securiti es regulators that a management cease

trade order related to the Company's securities be imposed agai nst some or all of the persons who have

been directors, officers or insiders of the Company. A Manageme nt Cease Trade Order was issued on

December 30, 2020. This order does not generally affect the abi lity of persons who have not been

directors, officers or insiders of the Company to trade the Company's securities.

The Company intends to satisfy t he alternative information guid elines set out National Policy 12–203

Cease Trade Orders for Continuous Disclosure Default by filing 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 is no mat erial information concerning the affairs of

the Company that has not been gen erally 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 of

MOJAVE GOLD CORP.

Greg Bronson,

CEO & Director

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

All statements that are not historical facts, including without limitation, statements regarding future

estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of

future performance, are “forward-looking statements.” Forward-l ooking statements can be identified by

the use of words such as “plans”, “expects” or “does not expect ”, “is expected”, “estimates”, “intends”,

“anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements

that certain actions, events or results “may”, “could”, “would” , “might” or “will” be taken, occur or be

achieved. Such forward-looking s tatements involve known and unk nown risks, uncertainties and other

factors that may cause actual results, events or developments t o be materially 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 CO NTAINED

HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR A CCURACY

OF THIS RELEASE.