Golden Tag Intersects 257.67 g/t over 16.34 m, and Extends Mineralization Within the Fernandez Zone to the West

Toronto, Ontario, July 15, 2021: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce the complete results from diamond drill hole 21-58, part of a program targeting bulk-tonnage mineralization on the Company’s 100% owned San Diego Project, located in Durango Mexico.

Key highlights include:

• New high-grade skarn zones were intersected above the Fernandez Zone resource envelope including 306.09 g/t Ag.Eq over 6.55 metres (“m”) and 257.67 g/t Ag.Eq over 16.34 m.

• Hole 21-58 intersected 111 g/t Ag.Eq over 191.57 m within the Fernandez Zone, a step out of 102 m to the north-northwest of hole 12-48 and 80 m southwest of hole 12-49.

• The mineralization intersected in hole 21-58 within the Fernandez Zone was a 34% improvement in grades over the nearest intercept within hole 12-48, implying the western section of Fernandez could potentially host higher grades.

Greg McKenzie, President and CEO commented: "The discovery of high-grade skarn mineralization over sizable widths, commencing only 150 metres from surface, is an important advancement in the project. These newly discovered high grade mineralized zones reside only 185 m above the Fernandez Zone and could potentially be accessed through conceptual shared development. Most importantly, we are very pleased to have drilled a step out hole to the west within the Fernandez Zone, intersecting 111 g/t Ag.Eq over 191.57 metres, which resulted in a 34% increase in grade over the nearest intercept in hole 48. The western side of Fernandez appears to host higher grades and has become a key exploration target.”

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