STGO.TO · 2021-06-30 12:00:00

Steppe Gold Announces Results of Annual General Meeting of Shareholders

Shareholder Meetings

Ulaanbaatar, Mongolia– June 30, 2021 –Steppe Gold L td. (TSX: STGO) (OTCQX: STPGF)

(“Steppe Gold” or the “Company”) is pleased to report the results of its 2021 Annual General

Meeting of Shareholders held on June 30, 2021 in Ulaanbaatar, Mongolia. A total of 32,400,465

common shares were voted at the meeting representing 47.35 % of the votes attached to all

outstanding shares.

Election of Directors

Detailed results from the election of directors are set out below:

Nominee Votes For % For Votes Withheld % Withheld

Batjargal Zamba 21,380,544 81.15% 4,965,200 18.85%

Jargalan Sereenen 21,380,044 81.15% 4,965,700 18.85%

Patrick Michaels 21,380,544 81.15% 4,965,200 18.85%

Bataa Tumur-Ochir 21,380,044 81.15% 4,965,700 18.85%

Aneel Waraich 19,925,958 75.63% 6,419,786 24.37%

Matthew Wood 19,679,948 74.70% 6,665,796 25.30%

Steve Haggarty 21,374,444 81.13% 4,971,300 18.87%

Complete voting results are available on SEDAR at www.sedar.com.

Appointment of Auditors

BDO Limited was reappointed to serve as the independent auditors of the Company for the

ensuing year.

Steppe Gold Ltd.

Steppe Gold (TSX: STGO, OTCQX: STPGF ) is Mongolia’s premier precious metals company,

holding a portfolio of gold and silver projects covering over 20,000 hectares, including the Altan

Tsagaan Ovoo Project (ATO Project) and the Uudam Khundii (UK) property.

For more information, please contact:

Bataa Tumur-Ochir, CEO and President

Shangri-La office, Suite 1201, Olympic Street

19A, Sukhbaatar District 1,

Ulaanbaatar 14241, Mongolia

Website: www.steppegold.com

Tel: +976 7732 1914

Forward-Looking Statements

Certain statements in this press release constitute "forward -looking statements" which involve

known and unknown risks, uncertainties and other factors that may cause actual results to be

materially different from any future results, performance or achievements expressed or implied

by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will",

"believes", "seeks", "estimates", "should", "may", "could", and variations of such words and

similar expressions are intended to identify such forward- looking statements. These statements

are based on management's current expectations and beliefs and actual events or results may

differ materially. There are many factors that could cause such actual events or results expressed

or imp lied by such forward -looking statements to differ materially from any future results

expressed or implied by such statements. Forward- looking statements are based on current

expectations and Steppe Gold assumes no obligation to update such information to r eflect later

events or developments, except as required by law.