GGM.V · 2021-04-20 12:00:00

Granada Reports AGM Results

Shareholder Meetings

ROUYN NORANDA, QC

April 20, 2021

/CNW/ - Granada Gold Mine Inc. (TSXV: GGM) ("Granada

Gold" or the "Company") announces that the 2021 Annual General Meeting was held today,

Tuesday, April 20, 2021

and is pleased to report that all resolutions were approved with over

99.34% voting in favour in all categories. Resolutions passed are listed below.

The following individuals were re-elected Directors of the Company:

Frank J. Basa

Jacques

Monette

Dianne Tookenay

and

Robert Setter

McGovern, Hurley, Cunningham, Chartered Accountants, were re-appointed as Company

auditors.

Adoption of the Company's 10% rolling share option plan was ratified and approved.

The Board of Directors appointed the following officers of the Company for the ensuing year:

Frank J. Basa:

President & CEO

Ryan Webster :

Chief Financial Officer

Tina Whyte:

Corporate Secretary

Frank J. Basa

Jacques F. Monette

and

Robert Setter

were re-appointed as members of the Audit

Committee for the upcoming year.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop the Granada Gold Property near

Rouyn-Noranda,

Quebec

. Approximately 120,000 meters of drilling has been completed to date on the property,

focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a

potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of

more than 75 million plus ounces of gold production in the past century, cuts through the north part of

the

Granada

property, but is not necessarily indicative of mineralization hosted on the company's

property.

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping

as well as from current and historical drilling, up to twenty-two mineralized structures trending east-

west over five and a half kilometers. Three of these structures were mined historically from two

shafts and two open pits. Historical underground grades were 8 to 10 grams per tonne gold from

two shafts down to

236 m

and

498 m

with open pit grades from 5 to 3.5 grams per tonne gold.

The Company is in possession of all mining permits required to commence the initial mining phase,

known as the "Rolling Start", which allows the company to mine up to 550 tonnes per day. Additional

information is available at

www.granadagoldmine.com

"Frank J. Basa"

Frank J. Basa P. Eng

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release. This news release may contain forward-looking statements including but not limited to

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

receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements

address future events and conditions and therefore, involve inherent risks and uncertainties. Actual

results may differ materially from those currently anticipated in such statements.

SOURCE

Granada Gold Mine Inc.

View original content:

http://www.newswire.ca/en/releases/archive/April2021/20/c7247.html

%SEDAR: 00004087E

For further information:

Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or Wayne

Cheveldayoff, Corporate Communications, at 416-710-2410 or [email protected]

CO: Granada Gold Mine Inc.

CNW 16:42e 20-APR-21

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