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ML GOLD Reports Final Three Holes from 2018 Program Including 0.3% Cu, 0.39% CuEq over 94.5 Metres

Drill Results

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

January 09th, 2019

ML GOLD REPORTS FINAL THREE HOLES FROM 2018 PROGRAM INCLUDING 0.3% CU, 0.39% CUEQ

OVER 94.5 METRES

ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) reports the final three holes of

the 2018 diamond drilling program. Porphyry copper mineralization has now been intersected in holes

014, 015 and 016 (DD18SS014 – DD18SS016). Well-developed copper mineralization discovered at the

Stars Project has a mineralized strike length of greater than 400 metres, width of greater than 200 meters

and depth of greater than 350 metres and remains open in all directions . Significant intersections from

the final three holes are set out in table 1 below.

The Stars Project is located in Central British Columbia, Canada, 60km southwest of the resource town of

Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all -season main

line resource roads.

Table 1: Significant intersections from holes 14, 15 and 16 (DD18SS014, DD18SS015, DD18SS016)

Hole DD18SS015

From (m) To (m) Interval (m) Cu (%) Mo (%) Ag (g/t) Au (g/t) CuEQ(%)

157.9 368.2 210.3 0.21 0.011 0.86 0.03 0.28

incl. 215.8 310.3 94.5 0.30 0.013 1.30 0.04 0.39

and incl. 231.0 298.1 67.1 0.35 0.015 1.56 0.05 0.45

444.4 454.3 (EOH) 9.9 0.45 0.002 0.54 0.02 0.48

Hole DD18SS014

From (m) To (m) Interval (m) Cu (%) Mo (%) Ag (g/t) Au (g/t) CuEQ(%)

29.6 185.0 155.4 0.22 0.004 0.93 0.02 0.26

incl. 57.0 121.0 64.0 0.34 0.006 1.71 0.03 0.40

233.78 474.6 240.8 0.145 0.006 0.43 0.02 0.19

incl. 236.83 349.61 112.8 0.20 0.005 0.56 0.02 0.24

Hole DD18SS016

From (m) To (m) Interval (m) Cu (%) Mo (%) Ag (g/t) Au (g/t) CuEQ(%)

72.2 282.5 210.3 0.12 0.002 0.42 0.02 0.14

(1) The intervals reported in these tables represent drill intercepts and insufficient data is available at this time to state the

true thickness of the mineralized zone

(2) CuEq (Copper Equivalent) values are calculated using metal spot prices at market close on August 20th 2018 USD $2.70 / lb

Cu, $11.80 / lb Mo, $14.75 / oz Ag, $1195 / oz Au

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

Table 2: Stars drill hole collar information

Hole ID Assays UTM 83E UTM 83N Elevation Azimuth Dip Length (m)

DD18-SS014 Reported 613825 6010867 908 208° -60° 474.57

DD18-SS015 Reported 613796 6010613 868 028° -80° 454.27

DD18-SS016 Reported 613541 6010530 861 028° -60° 450.19

Maps

Figure 1: Plan Map of Tana Zone Area Drilling at Stars Project

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

Figure 2: Drill cross-section A-A’ from Figure 1 at the Stars Project; top image: plan map showing sections

location over airborne magnetics; bottom image: cross -section with copper assays and geologic

interpretation.

Additional maps are available on the Stars Project page at www.mlgoldcorp.com

Quality assurance/quality control procedures:

All drill core was logged, photographed, cut and sampled by ML Gold personnel. Prior to shipment to MS

Analytical’s sample preparation facility in Langley, B.C., certified reference material standards and blanks

were inserted at a ratio of approximately on e in every 10 drill core samples. Base metal assays are

determined by IMS-230 4-acid digestion with ICP -AES/MS finish method, which reports results as parts

per million (ppm). All analyses that reach the overlimit of IMS -230 are reanalyzed with an ore -grade

method. The analytical results are verified with the application of industry -standard quality control and

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

quality assurance procedures. The gold assays are determined by FAS-111 fire assay method which reports

results in parts per million (equivalent to grams per tonne). Any samples with a fire assay that report gold

concentrations equal to or higher than 10.0 g/t Au are analyzed by metallic screen method (Au-SCR24).

Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National

Instrument 43-101, and has supervised the technical information presented within this news release.

ABOUT ML GOLD CORP.

ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries

and strategic development of mineral properties in Canada and the United States.

For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also

email [email protected] or call investor relations at (604) 669-2279.

ML GOLD CORP.

“Adrian Smith”

Adrian Smith

President

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.

This news release may contain certain “Forward -Looking Statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words

“anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expression s

identify forward-looking statements or information. These forward-looking statements or information may relate to future prices

of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government

requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure,

currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in

Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s

current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while

considered reasonable by the Company, are inherently subject to significant business, economic, competitive, politica l and social

risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements

to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-

looking statements. The Company does not intend, and does not assume any obligation, to update these forward -looking

statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such

statements and information other than as required by applicable laws, rules and regulations.