Toronto - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ('GoldSpot' or the 'Company'), a leading technology company leveraging artificial intelligence and data science to transform the mineral discovery process, is pleased to provide an overview of the Company's 2021 corporate milestones and client successes which will set the stage for GoldSpot's 2022 development strategy.

'2021 was truly a transformational year of dynamic growth for GoldSpot' said Denis Laviolette, Executive Chairman and President of GoldSpot Discoveries. 'Our acquisitions solidified our commitment to introduce licensable software products with recurring revenue streams using AI and Geoscience as well as facilitated GoldSpot's platform expansion strategy with new tools and resources for the mining sector. The Company's considerable progress to date is a testament to the strength of the entire GoldSpot team. 2022 will bring further evolution to the technology portfolio as well as additional recruitment to strengthen our subsidiaries and support our growing client base as we work to define the next generation of mineral explorers.'

Acquisitions Bolster Core Capabilities, Platform to Transform the Mineral Exploration Sector

Acquisition of Ridgeline Exploration Services and the formation of our Applied Geophysical Services division enables GoldSpot to expand beyond AI/ML data interpretation through the collection of optimized client data. This includes our M-PASS (Multi-Parameter Acquisition Survey System), which allows the simultaneous capture of gradient magnetics, LiDAR, 4-band imagery, Very Low Frequency ('VLF'), and radiometric data. Legacy data layers held at projects are generally poorly suited to advanced analytical methods. By adding in-house data collection, GoldSpot significantly improves exploration targeting. Clients benefit from increased data efficiency as well as reduced mobilization and flight costs compared with traditional third-party collection.

Geotic strengthens GoldSpot's SaaS offerings by adding 5 mining and geoscience software programs with an established client base and revenue stream of over 580 active licenses including Glencore Canada, Osisko Metals Inc., Hecla Mining Company, Blackrock Metals Inc., and Agnico Eagle Mines Ltd. Over the past 19 years, Geotic has focused its growth and business in Eastern Canada, providing an opportunity for broader market expansion. The program portfolio streamlines the entry and organization of conventional mining and exploration data and represents a bridge for transferring data to advanced interpretation and processing systems. In addition to new product opportunities in development, Geotic's interface is primed to house GoldSpot's internally developed programs, including LithoLens (a Machine Vision platform for drill core), MinusOne (a 3D geophysical inversion engine), and GeoFEZ (a geophysical data processing application) with automated data processing through Geotic.

CEO.CA provides GoldSpot with a pipeline of 9 million corporate executives, institutional and retail investors with deep roots in the mining industry. The acquisition represents a unique opportunity for GoldSpot to bring democratized data analytics and enhanced sector transparency to a rapidly growing platform. GoldSpot will add its in-house artificial intelligence, machine learning and data visualization expertise to improve the user experience and develop new value-add products and services. This includes the addition of DigiGeoData (Acquisition closed Feb 1, 2022), a powerful digital mapping interface backed by a full suite of seamless claim data, assets, 43-101 reports and geological layers. CEO.CA is championing a new wave of informed and educated market participants as a centralized investment resource hub.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company using artificial intelligence to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS tools and services. GoldSpot works with industry leaders across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies and, to strategically invest in mineral exploration companies. Our leading team of expert scientists merges geoscience and data science to deliver bespoke solutions that save time, reduce costs, and produce far more accurate results than ever before possible.

Contact:

Denis Laviolette

Tel: 647-992-9837

Email: investors@goldspot.ca

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

(C) 2022 Electronic News Publishing, source ENP Newswire