Independence Gold Announces Discovery of Several New Gold Zones at the Nicoamen Property, BC

Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6

Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]

NEWS RELEASE

November 14, 2019 TSX Venture: IGO

Independence Gold Announces Discovery of Several New Gold Zones at the Nicoamen Property, BC

Vancouver, BC – Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to the

announce results and findings from the summer exploration program at the Nicoamen Property (“the Property”),

located in the prospective Spences Bridge Gold Belt. Results include the discovery of four distinct gold targets that

host gold mineralization in chalcedonic quartz veins.

Highlights from each zone include:

Zone / Target Size (m) Notes Gold (g/t) *

Zak 235 x 100 Several parallel chalcedonic quartz veins 3.91

Zak East - Single vein discovered at target site 4.46

Nicoamen River 100 x 50 Cluster of chalcedonic veins 1.44

North Zone - Single quartz vein specimen 0.67

*highest values

Overview of Field Activities

Comprehensive mapping of the Property took place over several phase s between May to October 2019 using a

team from SGDS Hive Consultants. A total of 41 samples were collected from vein and country rocks exposed at

surface. Samples with gold (“Au”) values greater than 0.5 grams per tonne (“g/t”) were all derived from chalcedonic

quartz veins with dark sulphide bands , which have been defined as belonging to a ‘low sulphidation epithermal’

style deposit. The veins are found cross-cutting volcanic rocks of the Lower Cretaceous Spences Bridge Group and

the later Eocene Kamloops Group. Samples collected from the Property returned grades of up to 4.46 g/t Au and

were found at several locations across the property.

A ground-based magnetic survey was also completed by DRM Exploration Services which covered the central area

of the property. Results indicate an arcuate feature striking northwest to southeast and likely represents the

faulted, unconformable contact between the Permo-Triassic Mount Lytton intrusive complex to the south and the

Lower Cretaceous volcanics to the north. The quartz veins located in the four zones str ike parallel to this contact

zone, and either occur as singular veins (i.e. Zak East) or multiple parallel veins (i.e. Zak). It is believed that additional

veins are present in these areas but are obscured by overburden, therefore each target remains open.

Zak Zone

The Zak Zone consists of several parallel -striking veins within volcanic rocks and granodioritic dykes. Each vein

exhibits dark sulphide bands within chalcedonic quartz, a classic low-sulphidation texture. The site is also a “Mineral

Showing” (MinFile Number 092ISW131), where in 2005 samples from trench DZT05-3 assayed returned up to 2.27

g/t Au and averaged 1.77 g/t Au over 3.5 meters (“m”). Sampling in 2009 returned values up to 0.52 g/t Au across

4.9m, including 3.19 g/t Au across 0.2m. In 2004, a float sample of iron- stained angular chalcedonic quartz, taken

600 meters northwest of the main zone, assayed 64.87 g/t Au.

Observations in the field suggest that the Zak, Zak East and Nicoamen River Zones are all a part of the same system

of parallel shears that follow the contact defined in the magnetic work. Further infill sampling will be undertaken

to determine if the veins and associated grades are continuous.

Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6

Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]

Future Exploration

Exploration results from the Nicoamen Property have provided information of a much deeper level of understanding

of the geology and the mineralizing potential. Through the winter period, Independence Gold will pursue relevant

permits and community approvals to drill test several target zones in 2020.

About Independence

Independence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. The

Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British

Columbia and Yukon. For additional information, visit the Company's website www.ingold.ca.

Andy Randell, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed the

technical information in this news release.

ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.

“Randy Turner”

Randy Turner, President & CEO

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

accepts responsibility for the adequacy or accuracy of this release.

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence

within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration

activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans

relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its natur e, this

information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations,

forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and tha t objectives,

strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in

Independence’s public filings under Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to

identify important factors that could cause actual actions, events or results to differ materially from those described in fo rward-looking

information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no

assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in

such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result

of new information, future events or otherwise unless required by law.