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GGR.CN ·

Pursuit Gold Grants Stock Options

Share Capital & Compensation

PURSUIT GOLD CORP.

Suite 409, 221 West Esplanade

North Vancouver, BC V7M 3J3

NEWS RELEASE

PURSUIT GOLD GRANTS STOCK OPTIONS

January 27, 2022 – Pursuit Gold Corp. ( CSE: PUGS – the " Company" or "Pursuit" or

"we") announces that it has granted incentive stock options (the "Options"), pursuant to its

stock option plan (the "Plan"), of 500,000 common shares of the Company, to the directors

and officers of the Company. The Options are exercisable at price of CAD$0.10 for a period

of two years. The stock options vest immediately.

About Pursuit Gold Corp.

Pursuit Gold Corp. is a mineral resource company engaged in the acquisition, exploration

and development of mineral resource properties. Its objective is to locate and develop

precious metals, focusing initially on the exploration and development of the Brunswick

Property, located near Timmins, Ontario.

Kostantinos Sakarellos

President

604-973-0579

This news release contains forward-looking statements or information (collectively referred to herein as "forward-looking

statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or

developments to differ materially from those contained in the statements and are not guarantees of future performance of

the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur

or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect

management's current views and are based on certain expectations, estimates and assumptions which may prove to be

incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or

implied by the forward-looking statements, including those described in the Company's regulatory filings available

on www.sedar.com. Should one or more of these risks or uncertainties materialize, or should any of the Company's

assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking

statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not

exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking

statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as

such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the

future considering all information then available. All forward-looking statements in this news release are expressly

qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation

to update forward-looking statements should circumstances or management's estimates or opinions change.

Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities

Exchange) accept responsibility for the adequacy or accuracy of this release.