Golden Tag Reports 175.30 m of 88.54 g/t Ag.Eq, 10% Grade Improvement Observed, From Infill Sampling at San Diego

Toronto, Ontario, February 17, 2021: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to provide initial results from the ongoing 4,500 metre (“m”) exploration program on the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico. A program of infill sampling on historical diamond drill holes has advanced, results from two holes have significantly expanded the size of identified mineralized zones and in one of the holes, increased previously reported grades by 10%.

Key highlights include:

·   Infill sampling from historic hole SD-11-42 identified a significantly broader zone of mineralization, compared to the area originally sampled, including 175.30 metres of 88.54 g/t Ag.Eq. Four new mineralized zones were identified proximal to the Fernandez Zone, including two shallower zones.

·   Infill sampling from historic hole SD-11-40 resulted in an increase in the reported grade by 10%, intersecting 298.02 metres of 101.96 g/t Ag.Eq. Three new shallower zones of mineralization have been identified above the Fernandez Zone.

·   A comprehensive infill sampling program will be implemented on 2,500 - 3,000 metres of historical diamond drill holes, with a goal of realizing further improvements in geological, mineralization, and grade continuity within the broad mineralized envelope. Collectively these have the potential to significantly increase the mineralization envelopes and provide further grade improvements.

Greg McKenzie, President and CEO commented: "We are pleased to see the current drill program is advancing with strong productivity, despite challenges associated with COVID. Infill sampling and assays of previously unsampled areas have generated insight, and allow us to significantly expand mineralized areas, improve continuity and has demonstrated higher grades. As our exploration program continues over the coming months, we look forward to unlocking further value on the San Diego Project.”

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