VMXX.V · 2017-03-20 12:00:00

SolidusGold Inc. Provides Transaction Update

Mergers & Acquisitions

March 20, 2017

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

Vancouver, BC – March [20], 2017 – SolidusGold Inc. (the “Company”) (TSX -V: “SDC”) is providing

an update on the Company ’s proposed purchase of the Northumberland Project in Nevada from

Newmont USA Limited (the “ Northumberland Acquisition ”) and certain of its affiliates and the

concurrent private placement of subscription receipts (the “Financing”), as previously announced

on September 15, 2016.

The Company announces that the parties were not able to agree on amended transaction terms

that would enable the Company to raise the required funds, and the parties have mutually agreed

to terminate the purchase agreement. Accordingly, the Financing will not proceed.

Sorin Posescu, President & CEO, commented: “Although we are disappointed in not completing the

Northumberland transaction, SolidusGold remains committed to identifying high quality gold assets

in safe, mining friendly jurisdictions.”

For more information, please email [email protected].

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.

Contact Information

SolidusGold Inc.

Sorin Posescu, President & CEO

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking

statements and forward- looking information (together, “forward -looking statements”). All statements other than

statements of historical fact included in this release, including, without limitation, statements regarding the

Northumberland Acquisition and the Financing are forward-looking statements. There can be no assurance that

such statements will prove to be accurate and actual results and future events may vary from those anticipated in

such statements. There can be no assurance that such statements will prove to be accurate and actual results and

future events may vary from those anticipated in such statements. The forward-looking statements in this news

release were developed based on the assumptions and expectations of management, including that the Company

will not be able to raise the funding required to complete the Northumberland Acquisition, that an extension of the

outside date for Northumberland Acquisition will not be obtained, that TSX Venture Exchange acceptance for the

Northumberland Acquisition will not be obtained and that the Northumberland Acquisition will not complete on the

proposed terms or at all. If any of the assumptions on which such forward looking information is based vary or

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prove to be invalid , actual results could differ materially from those anticipated . The Company expressly disclaims

any intention or obligation to update or revise any forward-looking statements whether as a result of new

information, future events or otherwise, except as otherwise required by applicable securities legislation.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any

sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to

registration or qualification under the securities laws of such jurisdiction, including the United States. The

securities referenced in this press release have not been and will not be registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered

or sold within the United States or to, or for the account or benefit of, a "U.S. person," as such term is defined in

Regulation S under the U.S. Securities Act, unless an exemption from such registration requirements is available.