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NINE.CN ·

Stevens Gold Announces Private Placement

Financings

SUITE 350 – 1650 WEST 2ND AVENUE • VANCOUVER, BC • V6J 1H4 • CANADA

T (604) 428 – 5171

WWW.STEVENSGOLD.COM

Stevens Gold Announces Private Placement

Vancouver, B.C. October 13, 2020 - STEVENS GOLD NEVADA INC. (CSE: SG) (the “Company” or “Stevens

Gold”) is pleased to announce that it intends to complete a private placement offering of up to

2,777,777 units of the Company at a price of $0.18 per unit (the “Units”) for aggregate gross proceeds to

the Company of up to $500,000 (the “Private Placement”). The Units are to be offered and sold by

private placement in Canada to "accredited investors" within the meaning of National Instrument 45-

106 and other exempt purchasers in each province of Canada. The net proceeds of the Private

Placement will be used by the Company for exploration costs, the payment of fees to consultants and

general working capital.

Each Unit will be comprised of one common share in the capital of the Company (a “Common Share”)

and a Common Share purchase warrant (a “Warrant”) entitling the holder to purchase one Common

Share at a price of $0.235 per Common Share for a period of 24 months following the closing date. The

Common Shares will be listed on the Canadian Securities Exchange (the “CSE”).

Closing of the Private Placement is expected to take place on or about November 5, 2020, or such other

date proposed by the Company and is subject to customary closing conditions, including the approval of

the regulatory authorities and completion of all legal documentation. The Company may close the

Private Placement in one or more closings with one or more investors acceptable to the Company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there

be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be

unlawful. All securities issued in connection with the Private Placement will be subject to a statutory

hold period of four months plus one day from the date of issuance of the securities in accordance with

applicable Canadian securities legislation. In addition, the securities to be offered have not been and will

not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”),

and may not be offered or sold in the United States absent registration or an applicable exemption from

the registration requirements of the U.S. Securities Act.

About Stevens Gold Nevada Inc.:

Stevens Gold Nevada Inc. is a mineral exploration company. Its primary busin ess objective is to explore

mineral properties. It currently is exploring its optioned claims in Nevada with a view to acquiring

ownership interest in the Black Point property.

ON BEHALF OF STEVENS GOLD NEVADA INC.

“Charles MaLette”

CEO, President, Director & Secretary

SUITE 350 – 1650 WEST 2ND AVENUE • VANCOUVER, BC • V6J 1H4 • CANADA

T (604) 428 – 5171

WWW.STEVENSGOLD.COM

T: 604-428-5171

E: [email protected]

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the

business of Stevens Gold . Forward -looking information is based on certain key expectations and assumptions made by the

management of Stevens Gold . In some cases, you can identify forward -looking statements by the use of words such as “wil l,”

“may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,”

“likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expression s.

Forward-looking statements in this press release include that (a) it intends to complete a private placement offering of up to

2,777,777 units at a price of $0.18 per unit, (b) the Units will be offered to "accredited investors" and/or other exempt purchasers

in Canada, (c) the net proceeds will be used as described above and (d) c losing will take place on or about November 5, 2020 .

Although Stevens Gold believes that the expectations and assumptions on which such forward- looking information is based are

reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance

that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy

of the contents of this release.