Kanadario Acquires Property in the Abitibi Greenstone Belt, Quebec and in the Larder District, Ontario

200 Burrard Street, Suite 1680 

Vancouver, British Columbia, V6C 3L6 

Tel: (604) 678‐5308  

www.kanadariogold.com 

Kanadario Acquires Property in the Abitibi Greenstone Belt, Quebec and in

the Larder District, Ontario

Vancouver, BC – May 8, 2020 – Kanadario Gold Inc. (TSXV: KANA) (the “Company” or “Kanadario”)

is pleased to announce that it has ente red into option agreements to acqui re mineral claims located in the

Abitibi Greenstone belt of northwestern of Quebec. The first group of claims, known as the Destor property,

consists of 42 mineral claims totalli ng 2,378 ha and is located approximately 70 km north of the town of

Rouyn-Noranda in the Abitibi region of Quebec. The second group of claims, known as the Sunday Fault

North property, consists of 64 mineral claims totalling 3,538 ha and is located approximately 17 km east of

Kirkland Lake Gold’s Detour Mine in northwestern Quebec.

The Company has also entered into an option agreement to acquire mineral claims located in Larder District,

Ontario. The Larder North property consists of 14 mineral claims totaling 4,623 ha and is located

approximately 17 km northeast of the town of Larder Lake, Ontario.

Agreement Details

The Company will earn a 100% interest in the Destor property by paying a total of $61,000 and issuing an

aggregate of 250,000 common shares over a two year pe riod. The optionor will retain a 1.5% net smelter

returns royalty on the Destor property, half of wh ich may be purchased by the Company for a payment of

$500,000.

The Company will earn a 100% interest in the Sunda y Fault North property by paying a total of $61,000

and issuing an aggregate of 250,000 common shares ove r a two year period. The optionor will retain a

1.5% net smelter returns royalty on the Sunday Fault No rth property, half of which may be purchased by

the Company for a payment of $500,000.

The Company will earn a 100% interest in the Larder North property by paying a total of $102,000 and

issuing an aggregate of 350,000 common shares over a two year period. The optionor will retain a 1.5%

net smelter returns royalty on the Sunday Fault Nort h property, half of which may be purchased by the

Company for a payment of $500,000.

The above transactions are subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS,

Dominic Verdejo

President and CEO

For more information, please contact 1-(855)-584-0258 or [email protected].

This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to

the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on

its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially

from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update

or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for

information purposes only and there are no assurances the Company will achieve similar results.

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

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