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SIG.V ·

Sitka Gold Announces Grant of Incentive Stock Options

Share Capital & Compensation

NEWS RELEASE

May 27, 2020

NR 20-14

www.sitkagoldcorp.com

Sitka Gold Announces Grant of Incentive Stock Options

VANCOUVER, CANADA – May 27, 2020: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE: SIG; FSE:

1RF) announces that it has granted an aggregate of 2,000,000 incentive stock options (the “Options”) to officers,

directors and consultants of the Company. The Options are exercisable at $0.14 per share for a period of five

years from the date of grant and are subject to the policies of the Canadian Securities Exchange.

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 focused 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 and the Burro

Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, it’s

Mahtin Gold property in the Yukon and it’s Coppermine River project in Nunavut. Directors and Management

own approximately 20% of the outstanding shares of Sitka Gold Corp., 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]

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”, “potential”, “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. These 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 should 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

responsibility 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.