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JG.V ·

Japan Gold Announces Grant of Stock Options

Share Capital & Compensation

TSX-V: JG

Japan Gold Corp.

Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada

Phone: +1 778-725-1491

www.japangold.com

NEWS RELEASE

Japan Gold Announces Grant of Stock Options

December 14, 2018 – Vancouver, British Columbia – Japan Gold Corp. (TSX-V: JG) (“Japan Gold” or the

“Company”) announced that the board of directors of the Company has approved the re-pricing of 4,549,950

existing stock options to $0.16 per share and the granting of 1,525,050 new incentive stock options at an exercise

price of $0.16 per share (the “Options”) to certain directors, officers, employees and consultants of the Company.

The Options are exercisable at a price of $0.16 per share for a period of ten years from the date of grant.

The re -pricing of 3,899,950 stock options to insiders will require TSX Venture Exchange approval and

disinterested shareholder approval at the Company’s next shareholder meeting.

On behalf of the Board of Japan Gold Corp.

“John Proust”

Chairman & CEO

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold and copper-gold exploration

in Japan. The Company has applied for 216 prospecting rights licenses in Japan for a combined area of 71,529

hectares over seventeen separate pro jects. Sixty-eight of the se applications have been granted as Prospecting

Rights. The applications cover areas with known gold occurrences and a history of mining, and are prospective

for both high-grade epithermal gold mineralization and gold-bearing lithocaps, which could indicate the presence

of porphyry mineralization. Japan Gold’s leadership team has decades of resource industry and business

experience, and the Company has recruited geologists and technical advisors with experience exploring and

operating in Japan. More information is available at www.japangold.com or by email at [email protected].

Japan Gold Contacts

John Proust

Chairman & CEO

Phone: 778-725-1491

Email: [email protected]

Cautionary Note

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

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