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SAO.V ·

Jiulian Resources Announces Name Change to South Atlantic Gold and New Symbol “SAO”

Listings & Exchange Corporate Actions

NEWS RELEASE

Jiulian Resources Announces Name Change to South Atlantic Gold and New Symbol “SAO”

November 20, 2020 TSX-V: JLR

JIULIAN RESOURCES INC. (TSX -V: JLR) (“Jiulian” or the “ Company“) wishes to announce it has

received the approval from the TSX Venture Exchange (the “Exchange”) to change the name of

the Company from Jiulian Resources Inc. to South Atlantic Gold Inc. The Company has also

received the approval from the Exchange to change the trading symbol to “ SAO”. Effective at

market open on Tu esday, November 24, 2020 (the “ Effective Date”), the Company will begin

trading under its new name and symbol.

As of the Effective Date, the Company’s website domain will be www.southatlanticgold.com.

Shareholders are not required to take any action in connection with the change of name and

share certificates bearing the name “Jiulian Resources Inc.” remain valid and need not be

exchanged.

The Company will have a CUSIP number of 83636L101 and the new ISIN is CA83636L1013.

Douglas Meirelles, President and CEO commented: “The name change, South Atlantic Gold is yet

another step taken toward the transformation of our Company. The entire team feels that the

new name properly reflects our Exploration, Development and Growth objective . These changes

will also be reflected on our new website at www.southatlanticgold.com.”

About South Atlantic Gold

South Atlantic Gold is an exploration company engaged in acquiring and advancing mineral

properties located in the Americas. The Company’s BC flagship asset is the wholly-owned, 4,056-

hectare Big Kidd property, located near Aspen Grove, BC. Our Brazilian flagship asset is the Pedra

Branca project, located 280 km inland from Fortaeza, Ceara State, Brazil. South Atlantic Gold is

focused on creating value for its shareholders by engaging in the development and acquisition of

high-quality mineral assets located in stable and mining friendly jurisdictions. South Atlantic

Gold’s is based in Kelowna, British Columbia, and is listed on the TSX-V under the symbol “SAO”.

ON BEHALF OF THE BOARD

Douglas Meirelles, President and CEO

For more information regarding this news release, please contact:

Douglas Meirelles

T: 250-762-5777

W: www.southatlanticgold.com

Cautionary Note Regarding Forward-Looking Information

This news release contains statements that constitute "forward-looking Information", as such term is used

in applicable Canadian securities laws . Such forward-looking information involves known and unknown

risks, uncertainties and other factors that may cause the Company’s actual results, performance or

achievements, or developments in the industry to differ materially from the anticipated results,

performance or achievements expr essed or implied by such forward -looking information. Forward -

looking information includes statements that are not historical facts and are generally, but not always,

identified by the words "expects," "plans," "anticipates," "believes," "intends," "estima tes," "projects,"

"potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or

"should" occur.

Although the Company believes the forward-looking information contained in this news release is

reasonable based on information available on the date hereof, by its nature forward-looking information

involves assumptions and known and unknown risks, uncertainties and other factors which may cause our

actual results, level of activity, performance or achievements, or other future events, to be materially

different from any future results, performance or achievements expressed or implied by such forward-

looking information. There can be no assurance that the Fundamental Acquisition will be completed as

proposed or at all.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and

uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry

events; the receipt of required regulatory approvals and the timing of such approvals; that the Company

maintains good relationships with the communities in which it operates or proposes to operate, future

legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient

capital from internal and external sources, and/or inability to access sufficient capital on favorable terms;

mining industry and markets in Canada and generally; the ability of the Company to implement its

business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable,

which could result in delays, or cessation in planned work, risks associated with the interpretation of data,

the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent

with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to

mineral exploration and development activities and to the Company, including as set forth in the

Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE

EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS

SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON

FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY

OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS

INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE

LAWS.

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.