Norse GOLD Corp. Announces Appointment of New Director, Grant of Stock Options, and Retention of Axiom Exploration Group

NORSE GOLD CORP.

Vancouver, B.C., Canada January 11, 2021

NEX Symbol: VKG.H

NEWS RELEASE

NORSE GOLD CORP. ANNOUNCES APPOINTMENT OF NEW

DIRECTOR, GRANT OF STOCK OPTIONS, AND RETENTION OF

AXIOM EXPLORATION GROUP

Norse Gold Corp. (formerly Troy Energy Corp.) (the "Company") announces the results of its annual

and special meeting of shareholders held December 21, 2020.

At the meeting Raymond Hodgkinson, Thomas MacNeill a d Carl Verley were appointed Directors of the

Corporation for the ensuing year. Mr. Verl ey will serve as president and CEO. Davidson & Co. were

appointed auditors, and financial statements were approved.

The Corporation also announces that it will grant stock options of 500,000 common shares to a Director

of the Company . The options are exerc isable at $0. 14 per share and ex pire in five years. The grant of

options is subject to regulatory approval.

Norse Gold has retained the services of Axiom Exploration Group of Saskatoon to review the Company’s

Yellowknife Gold Project and advise the Board on future exploration.

Mr. Verley commented: “We welcome Mr. MacNeill to the Board; his extensive experience and business

acumen in the resource sector will be a great benefit to the Company. We are looking forward to working

closely with Axiom and their t eam as their geological expertise and experience in managing complex

exploration programs will enable the Company to advance its Yellowknife Gold Project.”

Forward Looking Statements

Except for statements of historical fact relating to the Co mpany, certai n information contained herein

constitutes forward -looking statements. Forward -looking statements are based on the opinions and

estimates of management at the date the statements are made, and are subject to a variety of risks and

uncertainties and other f actors that could cause actual ev ents or results to differ materially from those

projected in the forward-looking statements. The Co mpany undertakes no obligation to update forward -

looking statements if circumstances or management's estimates or opinions should change. The reader is

cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Carl Verley – Norse Gold Corp.

President and Chief Executive Officer

Email [email protected], Phone (604-616-8299)

James Owen, Norse Gold Corp.

Chief Financial Officer

Email [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that te rm is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the

release.