Golden Tag Receives Approval to Quadruple Number of Drill Pads on San Diego Project

Toronto, Ontario, October 05, 2021: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) has received approval from the Mexican federal authority, Secretaria de Medio Ambiente y Recursos Naturales (“Semarnat”), for the construction of 41 additional drill pads on the San Diego Project, increasing the total number of permissible pads to 55 on the Company’s 100% owned San Diego Project, located in Durango, Mexico (Figure 1). The new permit is valid for a period of 4 years.

Greg McKenzie, President and CEO commented: "Quadrupling the number of potential drill setups demonstrates our conviction in the potential to add significant mineralization to our existing resource base in a cost-effective manner and will enable the Company to effectively follow up on the successes from the current program.  It will also allow us to better determine the full extent of the geologic endowment at the San Diego Project.  Major Drilling has retained most of their key equipment onsite and is expected to mobilize a drill to the project in October 2021.”

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 news release

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Golden Tag Commences Drilling Expanded 4,500 m Drill Program on San Diego

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Golden Tag Drills 75.89 g/t Ag.Eq over 274 m, Commencing Near Surface, and Confirms 500 m Vertical Extent Within the Newly Discovered 1849 Zone