American Pacific Mining Announces New Targets Uncovered at the Tuscarora Gold Project, Nevada

LEGAL_30989074.2

NEWS RELEASE

American Pacific Mining Announces New Targets Uncovered at the

Tuscarora Gold Project, Nevada

VANCOUVER—August 14, 2019—

American Pacific Mining Corp (CSE: USGD

/ FWB: 1QC / OTCPK: USGDF) (“APM” or

the “Company”) is pleased to announce

that the Gravity and CSAMT, key

geophysical ground surveys conducted at

the Company’s Tuscarora Gold Project ,

are now complete. OceanaGold has now

updated the geophysics and the 3D

model, and in doing so ha s identified a

number of target areas within the

Tuscarora project area.

Tuscarora is a high -level, epithermal

gold/silver district containing numerous

precious metal veins within the project

area. Mineralization is coeval with that

found in the nearby world-class Carlin and

Cortez Trends but differs in that it is

hosted in a 40 -million-year-old volcanic

rock sequence on the flanks of an ancient

caldera. Historic drilling along the South

Navajo Zone has intersected high -grade

mineralization from the South Navajo

Vein, just one of many veins that project

into the property and are covered by

pediment gravels.

Previous drill campaign highlights are

provided in the tables below.

2

LEGAL_30989074.2

Table 1 - 2018 drillhole intersections completed by APM on the Tuscarora Project, NV.

HoleID From (m) To (m) Length (m) * Au (g/t) ** Zone

APTU18-015 201.17 202.69 1.52 18.40 SN

APTU18-009 198.12 201.17 3.05 16.06 SN

Including 198.12 199.64 1.52 27.20 SN

APTU18-016 195.07 198.12 3.05 13.42 SN

APTU18-013 137.16 138.68 1.52 10.30 SN

APTU18-015 173.74 175.26 1.52 7.77 SN

APTU18-001 159.93 161.06 1.13 6.27 SN

APTU18-016 202.69 204.22 1.53 5.52 SN

APTU18-016 155.45 156.97 1.52 5.49 SN

APTU18-005 68.79 69.34 0.55 4.05 SN

APTU18-015 181.36 182.88 1.52 3.15 SN

Table 2 - Historical Tuscarora drillhole intersections completed by previous operators Newcrest (TN) and NOVO

Resources (16TSRC).

HoleID From (m) To (m) Length (m) * Au (g/t) ** Ag (g/t) ** Zone

TN-38 150.88 155.45 4.57 127.08 6.53 SN

Including 152.4 153.92 1.52 368.31 3.60 SN

TN-54 210.31 211.84 1.53 51.06 102.90 SN

TNC-02 50.29 51.82 1.53 27.61 11.20 SN

TN-52 150.88 152.4 1.52 13.55 5.40 SN

TN-19 170.69 172.21 1.52 13.00 1.00 SN

16TSRC-006 153.92 155.45 1.53 11.48 11.90 SN

TN-24 108.2 109.73 1.53 9.33 1.00 SN

16TSRC-002 158.5 161.54 3.04 9.13 9.07 SN

Including 158.5 160.02 1.52 13.86 50.00 SN

TN-38 211.84 213.36 1.52 8.75 0.10 SN

FTC-02 174.35 174.65 0.3 8.57 16.11 SN

16TSRC-010 85.34 88.39 3.05 7.78 6.07 SN

TN-24 137.16 138.68 1.52 7.20 3.60 SN

TN-19 134.11 135.64 1.53 7.00 0.40 SN

16TSRC-001 167.64 169.16 1.52 6.91 6.89 SN

TN-36 179.83 182.88 3.05 6.15 1.88 SN

TNC-03 173.74 175.26 1.52 5.32 1.90 SN

TN-40 179.83 181.36 1.53 5.30 2.70 SN

16TSRC-004 62.48 64.01 1.53 5.00 5.07 SN

TN-22 51.82 53.34 1.52 4.62 0.80 SN

16TSRC-002 190.5 192.02 1.52 4.54 4.93 SN

TN-41 204.22 205.74 1.52 4.06 0.80 SN

TN-57 79.25 80.77 1.52 52.37 366.90 EP

TN-63 117.35 118.87 1.52 4.14 0.60 EP

* Length (m) represents sampling length downhole. True width of the intersection is currently unknown but assumed to be

less than the reported length.

** Reported grades assume 100-per-cent metallurgical recovery

*** Intervals were selected and composited based on 4 g/t Au cut-off value.

3

LEGAL_30989074.2

The veins that trend towards the Tuscarora

claim-block in addition to the South Navajo

Vein include the East Pediment, Grand

Prize, Dufreeze, Independence,

Schoolhouse, Navajo Hill, King’s, Modoc

Hill and Battle Hill vein sets. All but the

Battle Hill vein sets are untested or

minimally tested throughout the district.

In the early 1980’s shallow definition

drilling in the Dexter Pit area proved that

mineralization exists within other veins

that are located on the Tuscarora property.

The Schoolhouse vein yielded intercepts of

9.34 grams/ton over 4.6 meters, 8.81

grams/ton over 6.1 meters and 6.8

grams/ton over 24.4 meters.

Dexter Pit Drill Results

Drill Hole From (m) To (m) Total (m) Au g/t Ag g/t Remarks

T84-47 47.2 57.9 10.7 5.69 166.3

T84-81 24.4 36.6 12.2 1.31 58.1

T84-82 19.8 27.4 7.6 4.13 163.1

15.2 67.1 51.8 1.13 42.5 *

T84-92 27.4 32.0 4.6 0.81 140.3

T84-96 21.3 39.6 18.3 2.47 160.9

21.3 73.2 51.8 1.44 103.1 *

T84-113 21.3 39.6 18.3 1.06 50.3

G-5 9.1 15.2 6.1 2.00 157.2

T84-02 45.7 50.3 4.6 3.59 115.0

PDC-3 15.2 19.8 4.6 9.34 96.3

6.1 30.5 24.4 2.03 35.9 *

F-5 6.1 30.5 24.4 6.88 170.0

0.0 30.5 30.5 1.94 64.4 *

F-6 0.0 6.1 6.1 8.81 29.4

0.0 30.5 30.5 2.94 26.3 *

T84-03 7.6 21.3 13.7 2.75 37.2

*Drill hole terminated in Mineralization

Link to Drill Plan Map

Link to Pecos Resources Dexter Drilling Highlights Joint News

Release- July 18, 1984

Historic exploration efforts have focused on the interpretation that all veins are parallel to the South Navajo Vein.

The Navajo Vein system has a NNW trend and dips to the west , with past drilling directed to wards the east to

intersect the vein. The newly interpreted geophysical data, in addition to geologic mapping , indicates that there

are several structural trends ranging from NE to NS to NW -trending, and that dips are both east and west. This is

4

LEGAL_30989074.2

typical of radial and ring faults found worldwide in other volcanic/caldera complexes similar to Tuscarora. No past

drilling has addressed the east-dipping structures and no holes in the district have ever been drilled to the west to

intersect this structural trend. The newly defined target areas have very little drill data and open up entirely new

project-wide exploration potential.

“The exploration targets at Tuscarora include the East Pedimen t Zone and the numerous other veins, faults and

structures that project into the pediment gravels within the Tuscarora property” commented Eric Saderholm,

APM’s President. “The newly interpreted structural trends are an exciting development and the proof-of-concept

drilling beginning in August 2019 will further define the mineralization controls and help vector future exploration.”

For more info on Tuscarora visit this link: https://americanpacific.ca/projects/tuscarora/.

The Company would also like to announce that APM has entered into an arm's -length agreement with Clarkham

Capital´s Investor media and social media services for a period of three months.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the designated

Qualified Person (QP) under National Instrument 43-101.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United

States. Tuscarora is a high-grade, early stage gold project located in a prime precious metal district in Nevada, only

35km northeast of the Carlin trend, 20km southwest of the Jerritt Canyon deposit, and 50km east-northeast of the

Midas deposit. American Pacific is Eyeing a Gold Discovery amidst gold’s next bull market.

About OceanaGold Corp.

OceanaGold Corporation is a mid -tier, high -margin, multinational gold producer with assets located in the

Philippines, New Zealand and the United States. The Company’s assets encompass the Didipio Gold -Copper Mine

located on the island of Luzon in the Phil ippines. On the North Island of New Zealand, the Company operates the

high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates the largest gold

mine in the country at the Macraes Goldfield which is made up of a series of op en pit mines and the Frasers

underground mine. In the United States, the Company operates the Haile Gold Mine, a top -tier, long-life, high-

margin asset located in South Carolina. OceanaGold also has a significant pipeline of organic growth and

exploration opportunities in the Americas and Asia-Pacific regions.

On Behalf of the Board of American Pacific Mining Corp.

"Warwick Smith"

CEO & Director

5

LEGAL_30989074.2

Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

Contact: [email protected] Phone: 1-866-646-5389

Forward-looking Information

Some statements in this news release contain forward -looking information (within the meaning of Canadian

securities legislation ) including, without limitation, statements as to planned exploration activities and the

expected timing of the receipt of results. These statements address future events and conditions and, as such,

involve known and unknown risks, uncertainties and other factors, which may cause the actual results,

performance or achievements to be materially different from any future results, performance or achievements

expressed or implied by the statements. Such factors include, without limitation, customary risks of t he mineral

resource industry as well as the performance of services by third parties.

Forward-looking statements are statements that are not historical facts; they are generally, but not always,

identified by the words "expects," "plans," "anticipates," " believes," "intends," "estimates," "projects," "aims,"

"potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would,"

"may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events.

The Company cautions that Forward -looking statements are based on the beliefs, estimates and opinions of the

Company's management on the date the statements are made and they involve a number of risks and

uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual

results and future events could differ materially from those anticipated in such statements.

The CSE has neither approved nor disapproved the contents of this news release. 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.