Visible Gold Mines Acquires 100% Interest in 263 Hectares of Land Adjacent to Dios K2 Gold Project and 3 Kilometres to Azimut Elmer Gold Property in the James Bay Region

Visible Gold Mines Acquires 100% Interest in

263 Hectares of Land Adjacent to Dios K2 Gold

Project and 3 Kilometres to Azimut Elmer Gold

Property in the James Bay Region

ROUYN-NORANDA, QC

, Jan. 16, 2020 /CNW Telbec/ -

Visible Gold Mines Inc. (TSXV: VGD)

(

FRANKFURT

: 3V41)

is very pleased to announce that it acquires a 100% ownership interest in five

mining claims covering 263 hectares of mining land package directly bordering Dios Exploration K2

gold property and less than 3 kilometres from the southwestern portion of Azimut Elmer Gold

project. The five mining claims were acquired by map designation.

The mining claims are located along the same trend of the Opinaca River deformation zone along the

Opinaca river and 3.25 kilometres west of the "Opinaca Zone" gold showing. A technical compilation

will be completed in the coming weeks followed by a field exploration program later this year.

Martin Dallaire

, President and CEO of Visible Gold Mines stated, "Mining exploration needs

discoveries to bring back investors' interest and Azimut's discovery is a good example. With this

acquisition, Visible Gold Mines land package in

James Bay

is approaching 600 active mining claims".

Visible Gold Mines would also like to congratulate Azimut's exploration team for their new discovery

on the Elmer Gold project.

Qualified Person

Robert Sansfaçon, PGeo, senior geologist and Visible Gold Mines' vice-president exploration, is the

qualified person for Visible Gold Mines' properties under National Instrument 43-101 -

Standards of

Disclosure for Mineral Projects

, responsible for the technical contents of this news release, and has

approved the disclosure of the technical information contained herein.

About Visible Gold Mines Inc.

Visible Gold Mines is a corporation focused on gold in the prolific

Abitibi Gold Belt

and the Bay

James region in the province of Québec. The Corporation has 22,239,339 common shares

outstanding.

Neither 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 the

release.

Website:

www.visiblegoldmines.com

SOURCE

Visible Gold Mines Inc.

View original content:

http://www.newswire.ca/en/releases/archive/January2020/16/c4868.html

%SEDAR: 00025339E

For further information:

Martin Dallaire, President and Chief Executive Officer, Telephone: 819-

762-0107, Fax: 819-762-0097, E-mail: [email protected]

CO: Visible Gold Mines Inc.

CNW 09:00e 16-JAN-20