San Lorenzo GOLD Announces Stock Option Grant

SAN LORENZO GOLD ANNOUNCES STOCK OPTION GRANT

Calgary, Alberta, January 22, 2021: San Lorenzo Gold Corp. ("San Lorenzo" or the "Company")

(TSXV - SLG) announces it granted stock options to O fficers, Directors and Advisors of the

Company (the “Options”) exercisable to acquire up to a total of 3,150,000 common shares under

the Company's stock option plan. The Options are exercisable for a period of ten years at a price

of $0.16 per share, the closing price on January 21, 2021 , and will vest as to one third each on

the date of grant and the first and second anniversaries of the grant. The Options are subject to

the policies of the TSX Venture Exchange.

About San Lorenzo Gold Corp.

San Lorenzo Gold is in the business of exploring for and advancing mineral properties . The

Company currently has two 100% owned properties in Chile: Salvadora and Nancagua. The

Salvadora property is being explored for large scale copper -gold porphyry and Nancagua is a

high grade epithermal gold property.

For further information, please contact: Ken Booth

Email: [email protected]

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 news

release.

Not for distribution to United States newswire services or for release, publication, distribution or

dissemination directly, or indirectly, in whole or in part, in or into the United States

Cautionary Note Regarding Forward-Looking Information

This press release may contain forward-looking information that involves substantial known and unknown

risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included

herein, other than statements of historical fact, are forward -looking information and such information

involves various risks and uncertainties. There can be no assurance that such information will prove to be

accurate, and actual results and future events could differ materially from those anticipated in such

information. Any forward-looking statements are made as of the date of this release and, other than as

required by applicable securities laws, San Lorenzo does not assume any obligation to update or revise

them to reflect new events or circumstances.