Golden Tag Announces Resignation of Director

Golden Tag Announces Resignation of Director

TORONTO, July 24, 2020 -- Golden Tag Resources Ltd. (“Golden Tag ” or the “Company”) (TSX.V: GOG) today announced

the resignation of James Levy as a Director of the Company, effective immediately. The Board of Directors thanks Mr. Levy for

his service to Golden Tag and wishes him well in his future endeavours.

About Golden Tag Resources

Golden Tag Resources Ltd. is a junior exploration company exploring for high-grade silver deposits. The Company holds a

100% interest, subject to a 2% NSR, in the San Diego property in Durango State, Mexico. The San Diego property is located

within the prolific Velardeña Mining District, the site of several mines having produced silver, zinc, lead, and gold over the past

century. For more information regarding the San Diego property please visit our website at www.goldentag.ca. Golden Tag has

no debt and cash balances of approximately $2.1 million.

For additional information, please contact:

Ph: 416-504-2024

www.goldentag.ca

Cautionary Statement:

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.

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking

statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words

to the effect that the Company, or management, expects a stated condition or result to occur. Forward looking information in

this news release includes, but is not limited to, anticipated growth of the resource through exploration drilling, anticipated

project acquisitions or merger/acquisition activities, the ability to find and acquire new resource mineral projects, and the

ability to fund future drill programs.