VIZ.V · 2022-05-05 12:00:00

Visionary Gold Corp. Announces the Discovery of Two New Prospects and Samples 9.07% Copper, 4.15 g/t Gold and 0.09% Cobalt at New Black Rock Prospect

Drill Results Sampling & Geoscience Results

Visionary Gold Corp. Announces the

Discovery of Two New Prospects and Samples

9.07% Copper, 4.15 g/t Gold and 0.09% Cobalt

at New Black Rock Prospect

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2022) - Visionary Gold Corp. (TSXV: VIZ)

Visionary

" or the "

Company

") is pleased to announce the discovery of two new exploration targets 50

kilometres ("km") northeast of its Wolf Gold Project in Fremont County Wyoming. The Black Rock gold

and copper prospect and the Tin Cup copper prospect were identified during Visionary's ongoing

regional exploration program and are located on lands purchased from Innovative Exploration Ventures

in 2021 (

See May 10

, 2021 Press Release

"The new Black Rock and Tin Cup prospects are compelling new gold ('Au') and base metals targets,"

explains Visionary CEO Wes Adams. "Copper (Cu), Gold (Au), and Cobalt (Co) and Nickel (Ni) values

found at Black Rock, and Cu values found over a large area at Tin Cup, represent different styles of

mineralization than those found at the orogenic Au targets at Wolf and Lewiston-Miz. What's most

compelling is that all targets are situated within the same regional structural corridor, which we now know

contains Cu and Au and other mineralization 50 km to the northeast."

Visionary has already ramped up field work at these new prospects ahead of the 2022 drill program,

which will commence around July 1st. The 2022 drill program includes drill holes planned at the 3km long

Lewiston-Miz target, the Wind Hill target, and Wolf Shear targets as well as the new Black Rock target.

Additional field work and geophysical surveying is planned at Tin Cup prior to possible drilling in Q3.

Black Rock Prospect

The Black Rock Prospect is located approximately 60km northeast of Visionary's Wolf Gold Project and

13km north of Jeffrey City, WY, within Archean basement rocks of the Wyoming Craton.

Significant Au,

Cu, and Co values have been identified in soil and rock chip samples along a sheared lithologic contact

within pre-Cambrian granite gneiss and magnetite-rich gabbro. A subsequent ground magnetic survey

suggests that Cu and Au mineralization is associated with a high magnetic contrast zone which appears

to represent a sheared lithologic contact where surface mineralization was discovered. Visionary has

staked 35 mining claims and leased 640 acres of land owned by the State of Wyoming at Black Rock,

covering a total land position of approximately 1,340 acres.

To date, a total of 52 rock samples and 218 grid soil samples have been analyzed, with select rock

samples in the target area listed in Table 1.

Sample results ranged from below the detection limit to the

high values shown in the table below.

Table 1: Select Rock Chip Samples from Black Rock Prospect

Sample

(g/t)

VGR982958

0.36

4.15

120

930

419

9.07

17.75

2550

540

944

VGR982960

0.32

2.86

243

118

362

5.61

7.98

392

212

146

VGR982956

0.22

1.5

117.5

1210

1040

4.13

29.5

1060

2220

875

VGR000204

0.14

1.05

90.8

244

424

3.37

10.9

695

314

239

VGR982959

0.81

2.56

252

284

356

2.94

9.41

786

347

403

VGR982957

0.06

0.6

21.4

123

143

1.22

12.2

738

99.6

136

VGR000001

0.10

0.25

225

104

1.18

18.1

2780

224

515

VGR000004

0.24

0.52

236

377

7.21

17.6

2080

414

447

VGR000003

0.10

0.28

69.7

96.7

472

0.13

1120

646

267

Visionary's Spring 2022 field program at Black Rock, which is already underway, will include detailed

structural and lithological mapping, additional ground magnetic surveying and possible electromagnetics

surveying to test for extensions of the mineralized structure ahead of drilling planned for later this year.

Figure 1. Black Rock Gold, Copper Soil Anomalies (top right and left), Magnetic Susceptibility

Survey (bottom left) and Satellite Imagery (bottom right)

To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/4047/122838_ed11b4a9d4125b94_001full.jpg

Tin Cup

The Tin Cup prospect is located approximately 10km west-northwest of Black Rock and comprises a

total of 93 claims and one section of state lease land covering an area of 2,500 acres. A total of 181

rock samples were collected along trends of observed Cu- and Fe-oxides associated with identified

structures at Tin Cup; Copper values ranged from the lower detection limit to 5.61% Cu. The prospect

area is situated directly along the North Granite Mountains Fault system; on the northern Tin Cup Springs

trend initial results have identified anomalous to 1.04% Cu at surface for 2.5km of east-west strike. To

the south, along the northeast trending Red Boy structure, Cu has been sampled in rock outcropping

along 2.3km of strike yielding anomalous copper grades up to 5.61% Cu. Mineralization appears in

banded chert, jasperoid, and gossans that are bound by granite gneiss, basalt, all with variable

magnetite content and visible Cu oxide staining; chalcopyrite has also been observed in less oxidized

samples. A ground magnetic survey is in progress which will provide additional information about the

underlying structural geology. Field work in 2022 will consist of detailed mapping, grid soil sampling, and

geophysical surveying of the area to assess the potential extent of sulfide mineralization prior to drilling.

Table 2. Rock Samples from Tin Cup Area at 0.2% Copper Cut-Off

Sample

Percent Cu

(0.2% cut-off)

Sample

Percent Cu

(0.2% cut-off)

VGR000018

0.43

VGR001006

0.23

VGR000191

0.30

VGR001039

0.26

VGR000203

0.64

VGR001042

0.56

VGR000331

1.04

VGR001043

0.61

VGR000360

0.99

VGR001044

0.34

VGR000372

0.30

VGR001045

0.61

VGR000373

0.24

VGR001046

0.22

VGR000375

1.86

VGR001047

5.61

VGR001006

0.23

VGR001048

1.08

Average

0.90

Figure 2. Wyoming Geologic Map with Locations of Visionary Prospects

To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/4047/122838_ed11b4a9d4125b94_002full.jpg

Quality Assurance/Quality Control (QA/QC) Technical Disclosure

Soil Samples QA/QC

Soil samples were collected by hand using long nosed shovels from C horizon soils where possible.

Approximately 0.5 kilograms of soil sample was collected; organic material and gravel were removed

from the sample. Samples were kept at the Company's secure, locked storage facility until shipped

direct to ALS Geochemistry's preparation laboratory in Elko, NV. Soils were then dried at 60 degrees

Celsius and sieved to 180 microns (80 mesh). Twenty-five grams of sample is digested with Aqua Regia

and analyzed by ICP-MS. Multielement analysis was carried out by ALS Geochemistry of Reno, NV

(Code: AuME-ST43), a super trace multielement package that analyzes for 53 elements including Au,

platinum ("Pt") and palladium ("Pd").

QA/QC included the following: industry certified standards were inserted into the sample stream along

with analytical blank material at the Company's secure facility; sample duplicates were collected in the

field. 153 QA/QC samples of 3211 total soil samples were applied to the sample stream, or

approximately 5 percent.

References

Hausel, W.D., Sutherland W., 2003. "Geologic Map of The Rattlesnake Hills 30' x 60' Quadrangle,

Fremont, and Natrona Counties."

Hausel, W.D., 1982, Field notes and assay report for the Red Boy-Sutherland mine and the Red Boy

prospect, Tin Cup district, Fremont County, Wyoming: Geological Survey of Wyoming [Wyoming State

Geological Survey] Mineral Report 82-10, 7 p.

About Visionary Gold Corp.

Visionary Gold Corp is a Vancouver-based mineral exploration company focused on making new

precious and base metals discoveries in Fremont County, Wyoming, and developing them in a manner

that is beneficial to all stakeholders. While central Wyoming has a strong mining history, it has never

been systematically explored using modern techniques. The Company now controls a land package

greater than 50 square kilometres with numerous drill ready targets, all accessible by road and within a

one-hour drive from Visionary's US headquarters in Lander, Wy.

For further information, please visit the company website at:

www.visionarygoldcorp.com

Contact:

Wes Adams, Chief Executive Officer

Visionary Gold Corp.

410-325 Howe Street

Vancouver, BC V6C 1Z7

Tel: (303) 809-4668

Technical Disclosure Advisory

The scientific and technical information in this announcement as it relates to exploration results at the

Black Rock and Tin Cup Prospects is based on information reviewed by Mr. Alan Roberts.

Mr Roberts

(MSc: Mineral Exploration & Geophysics) is a Senior Consultant to Visionary Gold Corp. and is a

Certified Professional Geologist (AIPG: CPG#11260) through the American Institute of Professional

Geologists (AIPG), an organization whose members are recognized as Qualified Persons pursuant to

NI 43-101.

Mr Roberts has sufficient experience in the exploration and development of the style of

mineralisation under consideration to act as a Qualified Person as defined in the "NI 43-101

Standards of Disclosure for Mineral Projects, dated June 24, 2011". Mr Roberts consents to the

inclusion in this announcement of the matters based on his information in the form and context in

which it appears. Mr. Roberts is an independent consultant to the company.

It should be noted that the potential quantity and grade of the exploration targets disclosed in this

press release is conceptual in nature, that there has been insufficient exploration to define a mineral

resource and that it is uncertain if further exploration will result in the target being delineated as a

mineral resource as per the NI 43-101 reporting standards.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities

legislation. These include, without limitation, statements with respect to analysis of core samples and

other plans for Visionary's 2022 exploration program, expectations for the Black Rock and Tin Cup

prospects, including expected results from a ground magnetic survey currently in progress, and

further drilling and exploration progress. Forward-looking statements are necessarily based on

several estimates and assumptions that, while considered reasonable, are subject to known and

unknown risks, uncertainties and other factors which may cause actual results and future events to

differ materially from those expressed or implied by such forward-looking statements. Such factors

include, but are not limited to general business, economic and regulatory risks; capital and operating

costs varying significantly from management estimates; timing of the provision of services by third

parties; delays in obtaining or failures to obtain required governmental, environmental or other project

approvals; uncertainties relating to the availability and costs of financing needed in the future;

inflation; fluctuations in commodity prices; delays in the development of projects; and the other risks

involved in the mineral exploration and development industry generally.

Although the Company

believes that the assumptions and factors used in preparing the forward-looking statements are

reasonable, undue reliance should not be placed on these statements, which only apply as of the date

of this news release, and no assurance can be given that such events will occur in the disclosed time

frames or at all. Except where required by law, the Company disclaims any intention or obligation to

update or revise any forward-looking statement, whether because of new information, future events, or

otherwise.

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

release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/122838

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