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Minaurum Regrets to Announce Passing of David M. Jones

Management Changes

NEWS RELEASE

MINAURUM GOLD INC.

FOR RELEASE: December 30, 2021 TRADING SYMBOL TSX.V:MGG

(MGG 2021 – NR #14)

Minaurum Regrets to Announce Passing of David M. Jones

Minaurum Gold, Inc (“Minaurum”) regrets to announce that Mr. David M. Jones, a Co -Founder

and Director of Minaurum, passed away unexpectedly earlier this week at his home in Tucson,

Arizona.

During his 40-year career, David had a passion for geology and strived to push geological

boundaries while exploring in frontier jurisdictions. During the early 1990s, as a senior geologist

for Teck Corp. in Guerrero state, Mexico, he discovered the Los Filos gold deposit (now owned

by Equinox Gold Corp.). As a recognized skarn expert, he created a geological model responsible

for multiple discoveries in what is now known as the ‘Guerrero Gold Belt’. He served as Chief

Technical Advisor for Torex Gold Resources Inc. at its inception and played a significant role in

championing their ‘South of the River target’ which became the Media Luna gold deposit. He also

served as a director of Cayden Resources through their acquisition by Agnico Eagle. More

recently, David was responsible for identifying the exploration target that became Gold Resource

Corp's Switchback vein system at the El Aguila project. In Minaurum, David finally had a vehicle

to advance a number of his personal projects. Up until the very end, David was busy designing

exploration programs and planning for the upcoming field season.

Darrell Rader, President & CEO, commented , “We are deeply saddened by David’s passing and

extend our condolences and prayers to his family. He was a well -respected geologist and an

integral part of Minaurum’s Board of Directors and technical team. David had a great sense of

humour that drew people to him. We were fortunate to have known and worked with him for so

many years and we intend to pursue the programs he designed for us and continue to build on his

legacy and passion for discoveries.”

Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTCQX; 78M | Frankfurt)

is a Mexico-focused explorer concentrating on the high -grade Alamos silver project in southern

Sonora. With a property portfolio encompassing multiple additional district -scale projects,

Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's

goal is to continue its founders' legacy of creating shareholder value by making district -scale

mineral discoveries and executing accretive mining transactions. For more information, please

visit our website at www.minaurum.com and follow us on YouTube, Twitter and LinkedIn.

ON BEHALF OF THE BOARD

“Darrell A. Rader”

Darrell A. Rader

President and CEO

For more information, please contact:

Sunny Pannu – Investor Relations and Corporate Development Manager

(778) 330 0994 or via email at [email protected]

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this

news release.

___________________________________________________________________________

2710 – 200 Granville Street Telephone 778 330-0994

Vancouver, BC V6C 1S4 www.minaurum.com

[email protected]

Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward -

looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors

and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information

currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on

information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release

are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from

those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance

on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to,

update or revise any forward -looking statements whether as a result of new information, future events or otherwise,

except as required by law.