Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Gold Extends Deadline for Non-Brokered Flow-Through and Non-Flow-Through Financing

510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200

Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF

Newrange Gold Extends Deadline for Non-Brokered Flow-Through

and Non-Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA, March 14, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –

Newrange Gold Corp. ("Newrange" or the “ Company") announces that, further to its news release

dated February 24, 20 22, the Company has extended its non -brokered flow-through and non -flow-

through private placement for aggregate gross proceeds of $ 2 million (the “Offering”) until April 13,

2022.

The flow-through private placement consists of up to 15,000,000 units of the Company (the “FT Units”)

at a price of $0.1 0 per FT Unit for gross proceeds of up to $1,500,000. Each FT Unit consists of one

common share of the Company and o ne-half share pur chase war rant (each whole share pur chase

warrant, a “FT Warrant”). Each FT Warrant entitles the holder thereof to purchase one common share

at an exercise price of $0. 12 at any time during a 24-month period after the Closing Date . Proceeds

will be used to advance the Company’s Argosy Gold Mine and North Birch Projects in the Red Lake

Mining Division of Ontario.

Each non-flow-through (“NFT”) Unit consists of one common share of the Company and one-half share

purchase warrant (each whole share purchase warrant, a “NFT Warrant”) at a price o f $0.07. Each

NFT Warrant entitles the holder thereof to purchase one common share at an exercise price of $0.12 at

any time during a 24-month period after the Closing Date. The Company has announced the closing of

a first tranche of the NFT portion of the financing in the amount of $408,100. Proceeds will be used for

general working capital and for continued surface exploration on the Pamlico project in Nevada.

Finders’ fees may be payable on the private placement . This offering is subject to TSX Ven ture

Exchange acceptance.

About Newrange Gold Corp.

Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including

Nevada and Ontario. The Company’s Pamlico Project in Nevada contains a large-scale multi-phase

polymetallic mineralizing system with multiple gold and co pper targets spread over more than 5,70 0

hectares. In t he pr olific Red Lake District of northwestern Ontario, the past-producing high-grade

Argosy Gold Mine is open to dept h, while the adjacent North Birch Project offers additional blue-sky

potential. F ocused on developing shareholder value through exploratio n and development of key

510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200

Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF

projects, the Com pany is committed to bui lding sustainable value for all stakehold ers. Furt her

information can be found on our website at www.newrangegold.com.

Signed: “Robert Archer”

CEO & Director

FOR FURTHER INFORMATION CONTACT:

Sharon Fleming Dave Cross

Corporate Communications Chief Financial Officer and Corporate Secretary

Phone: 760-898-9129 Phone: 604-669-0868

Email: [email protected] Email: [email protected]

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts

responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement:

Some of the s tatements in this news release contain forward -looking information t hat involves inherent risk and uncertain ty affecting the

business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.