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SIG.V ·

Sitka Gold Amends IPO Warrant Terms

Share Capital & Compensation

NEWS RELEASE

December 20th, 2019

NR 19-15

www.sitkagoldcorp.com

Sitka Gold Amends IPO Warrant Terms

VANCOUVER, CANADA – December 20th, 2019: Sitka Gold Corp. (“Sitka” or the “Company”)

(CSE:SIG) (FSE:1RF) announces that it has received CSE approval for the repricing and extension of

3,000,000 warrants expiring on January 30, 2020 (the “ Warrants”). The exercise price of the

Warrants will change from $0.30 to $0.20 per share and the exercise date of the Warrants will be

extended from January 30, 2020 to July 30, 2020.

About Sitka Gold Corp.

Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team

of experienced mining industry professionals. The Company is focus ed on exploring for economically

viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of

merit. Sitka currently has an option to acquire a 100% interest in the RC Gold property in the Yukon,

an option to acquire a 100% interest in the Burro Creek Gold property in Arizona and owns a 100%

interest in its Coppermine River project in Nunavut and the Alpha Gold property in Nevada. Directors

and Management own approximately 28% of the outstanding shares of Sitka Gold, a solid indication

of their alignment with shareholders’ interests.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SITKA GOLD CORP.

“Donald Penner”

President and Director

For more information contact:

Donald Penner

President & Director

778-212-1950

[email protected]

or

Cor Coe

CEO & Director

604-817-4753

[email protected]

or

Peter MacLean

Director

604-781-8513

[email protected]

The technical content of this news release has been reviewed and approved by Donald Penner,

P.Geo, Director and President for the Company, and a Qualified Person as defined by National

Instrument 43-101.

Cautionary and Forward-Looking Statements

This news release contains forward ‐looking statements and forward ‐looking information within the

meaning of applicable securities laws. These statements relate to future events or future performance.

All statements other than statements of historical fact may be forward ‐looking statements or

information. Forward‐looking statements and information are often, but not always, identified by the

use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”,

“expect”, “may”, “will”, “project”, “predict”, “pote ntial”, “targeting”, “intend”, “could”, “might”, “should”,

“believe”, “would” and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information

about the current expectations and plans of management of the Company relating to the future.

Readers are cautioned that reliance on such statements and information may not be appropriate for

other purposes, such as making investment decisions. Since forward ‐looking statements and

information address future events and conditions, by their very nature they involve inherent risks and

uncertainties. Actual results could differ materially from those currently anticipated due to a number of

factors and risks. Thes e include, but are not limited to, the expected timing and terms of the private

placement, use of proceeds, anticipated work program, required approvals in connection with the

work program and the ability to obtain such approvals. Accordingly, readers shou ld not place undue

reliance on the forward ‐looking statements, timelines and information contained in this news release.

Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward ‐looking statements and information contained in this news release are made as of the

date of this news release and no undertaking is given to update publicly or revise any forward ‐looking

statements or information, whether as a result of new information, future events or otherwise, unless

so required by applicable securities laws or the CSE. The forward-looking statements or information

contained in this news release are expressly qualified by this cautionary statement.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the

CSE) accepts responsibi lity for the adequacy or accuracy of this release. No stock exchange,

securities commission or other regulatory authority has approved or disapproved the information

contained herein.