Norse GOLD Corp. Announces Financing Extension

NORSE GOLD CORP.

Vancouver, B.C., Canada July 9, 2020

NEX Symbol: VKG.H

NEWS RELEASE

NORSE GOLD CORP. ANNOUNCES FINANCING EXTENSION

Norse Gold Corp. (formerly Troy Energy Corp. ) (the "Corporation" or " Norse") announces that it s

previously announced private placement financing of up to 5,000,000 common shares at a price of $0. 03

per share for aggregate gross proceeds of up to $150,000 and up to 5,000,000 flow -through shares at a

price of $0.04 per share for aggregate gross proceeds of up to $200,000 (total aggregate gross proceeds

are therefore $350,000) is ongoing. This financing is subject to regulatory approval. In accordance with

applicable securities laws, the common shares issued under this financing will be subject to four -month

hold periods. The proceeds from this private placement will be applied towards the payment of licensing

fees in respect of the Corporation's 3,231 hectare Yellowknife Gold Belt mineral property located 90

kilometres north of Yellowknife , for exploration work on the aforementioned mineral properties and for

the payment of outstanding payables.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain 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 factors that could cause actual events or results to differ materially from those

projected in the forward -looking statements. The Corporation 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:

Richard Wingate

President and Chief Executive Officer

Phone: (306) 229-5029

James Owen, Norse Gold Corp.

Chief Financial Officer

Phone: (250) 465-1806

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.