Labrador GOLD Announces GOLD IN ROCK Samples from Its Hopedale Project Includes up to 11.4g/t GOLD IN Selected Grab Sample

NEWS RELEASE March 13, 2019

LABRADOR GOLD ANNOUNCES GOLD IN ROCK SAMPLES FROM ITS HOPEDALE PROJECT

INCLUDES UP TO 11.4g/t GOLD IN SELECTED GRAB SAMPLE

VANCOUVER, BC, March 13, 2019 – Labrador Gold Corp . (TSX-V: LAB) (“ Labrador Gold” or the “Company”) is

pleased to announce assay results for rock samples from its Hopedale project in Labrador. The company controls

a 57 kilometre strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt. The

exploration program at Hopedale followed up on successful results of 2017 work that outlined regional scale

gold in soil and lake sediment anomalies along the length of the belt and include d detailed soil sampling,

geological mapping, rock sampling and prospecting.

A total of 588 rock samples were taken along the length of the Florence Lake Greenstone Belt during the

regional prospecting and mapping program. Of these samples, 80 assayed greater than 0.1 g/t gold including 17

samples that assayed greater than 1 g/t gold. Results of the assays ranged from below the detection limit of 0.05

g/t to 11.4 g/t gold in a grab sample from a quartz vein with pyrite and arsenopyrite . Additional h ighlights

include channel sample s of 2.77 g/t gold over 2.1 metres and 2.37 g/t gold over 2 metres. Highlights of gold

assays of grab samples include 4.55g/t gold from quartz porphyry and 2.52g/t and 2.46g/t gold from quartz veins

that were altered or contained sulphide. Complete highlights of the program are shown in the table below.

Sample ID Area Sample Type* Length Au g/t Description

1685504 to 506 Thurber Dog Channel 3.5 0.47 Quartz veins in Quartz porphyry

1685506 Thurber Dog including 1 0.86 Quartz Porphyry

1685509 to 510 Thurber Dog Channel 2 0.91 Felsic volcanic

1685509 Thurber Dog including 1 1.27 Quartz vein

1685555 to 556 Thurber North Channel 2 2.36 Quartz Porphyry

1685556 Thurber North Including 1 2.73 Quartz Porphyry

1685566 Thurber North Channel 0.5 0.92 Ferruginous quartz vein

1685589 Thurber North Channel 0.56 0.48 Quartz vein with iron Carbonate

1685613 Thurber South Channel 1.2 0.65 Carbonate altered mafic volcanic

1685632 to 633 Thurber South Channel 2.1 2.77

Chlorite altered Mafic volcanic with

quartz veins

1685632 Thurber South including 1.2 3.99 Quartz vein with Fe oxide

1693835 Thurber Dog Grab n/a 1.01 Quartz vein with Arsenopyrite

1685854 Shirley Grab n/a 1.09 Phyllite with arsenopyrite

1690808 Thurber Dog Grab n/a 1.45 Felsic volcanic/Quartz Porphyry

1692276 Thurber South Grab n/a 1.64 Quartz Vein

1692279 Thurber South Grab n/a 1.74 Quartz Vein

1693836 Thurber North Grab n/a 1.84

Silicified ultramafic with quartz veining

and arsenopyrite

1685851 Shirley Grab n/a 2.46 Quartz-carbonate vein with pyrite

1692283 Thurber South Grab n/a 2.52 Quartz vein with iron carbonate

1656525 Thurber North Grab n/a 4.55 Quartz porphyry

1693833 Thurber Dog Grab n/a 11.40 Quartz vein with pyrite and arsenopyrite

*Note that grab samples are select samples and are not necessarily representative of gold mineralization found

on the property.

While rock samples containing anomalous gold are found in many parts of the greenstone belt, most of the

samples above 0.1g/t gold occur in the J asmine/Shirley and Thurber Dog areas of the belt. At Jasmine/Shirley,

the gold mineralization is associated with altered mafic volcanic rocks and phyllite that contain varying amounts

of arsenopyrite from disseminated grains to veins of massive arsenopyrite. The highest -grade rocks in the area

are from quartz veins with iron carbonate alteration.

At Thurber Dog, gold mi neralization is associated primarily with altered porphyritic felsic volcanic rocks and

quartz veins around the Thurber Dog occurrence and in the Thurber North area. At Thurber South the

mineralization is associated with intensely carbonate altered ultramafic and mafic volcanic rocks and associated

quartz veins. The mineralized rocks typically contain disseminated pyrite and, more rarely arsenopyrite.

“The results of our prospecting at Hopedale are very encouraging, especially since this was our first sys tematic

rock sampling of the greenstone belt.” said Roger Moss, President and Chief Executive Officer of Labrador Gold.

“Over 13% of the samples taken along the length of the belt returned results of more than 0.1 g/t gold and will

be followed up in detail . In addition, significantly anomalous gold mineralization previously identified over a

three kilometre strike length in the Thurber Dog portion of the belt continues to show excellent potential.”

All samples were shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, where they were

crushed and split and a 500g sub sample pulverized to 200 mesh. Pulps were sent to the Vancouver laboratory

for assay. Samples of 30g were analyzed for gold by fire assay with an atom ic absorption finish and another 15g

sample for 36 elements by ultratrace ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua

regia digestion. Overlimit samples (greater than 10g/t Au) are re -assayed using fire assay with a gravimetric

finish. In addition to the QA -QC conducted by the laboratory, the Company routinely submits blanks, field

duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior

Exploration Assistance (JEA) Program for its financial support for exploration of the Hopedale property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of

prospective gold proje cts in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the

Company has the option to acquire 100% of the 896 square kilometre (km 2) Ashuanipi property in northwest

Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80

km. The belts are typical of greenstone belts around the wo rld but have been underexplored by comparison.

Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre

section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Th urber Dog

gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake

sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt

(see news release dated January 25 th 2018 for more details). Labrador Gold now controls approximately 57km

strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville,

which is linked by r ail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment

gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration

program. Results of the 2017 reconnaissance explor ation program following up the lake sediment anomalies

show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north -south

trend and over a 14 kilometre long by 2 to 4 kilometre wide east- west trend. The anomalies appear to be

broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional

scale (see news release dated January 18 th 2018). This suggests a possible structural control on the localization

of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23

grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS S ervices Geoscientifiques, 2012,

Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field

Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange

under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

@LabGoldCorp

Neither 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.