Alma Gold Inc. has discovered multiple gold-in-soil anomalies at the Clarence Stream North Gold Project following an inaugural phase one exploration program. The Clarence Stream North Gold Project is situated near a major accretionary tectonostratigraphic boundary that separates the Gander Zone to the northwest from the Precambrian amalgamated terranes of the Avalon Zone to the southeast. A total of 426 B-horizon soil samples were collected during the phase one soil-sampling program and were submitted for gold and multi-element geochemical analysis at Actlabs in Ancaster, Ontario. The soil survey program included a detailed QA/QC program comprised of the insertion of blanks and certified reference materials (standards) on a staggered 1 in 40 basis and duplicate pulp split and field sample duplicate analyses on separate 1 in frequencies. B-horizon soil samples were mainly collected at 50 m stations along 100 m spaced survey lines with some stations spaced between 200 to 250 metres to maximize the soil survey grid coverage. The soil geochemistry survey was successful in outlining three main gold anomalies and several outliers on claim 9556, with the centre anomaly being the most prominent at this point in time. Clarence Stream North B-horizon soil samples returned gold values ranging from (5 ppb to a high of 32 ppb with a detection limit of 5 ppb. A total of 36 soil samples returned gold results above 10 ppb. Generally, gold assay results of 10 ppb are considered very anomalous in the Clarence Stream area. The Centre Gold Anomaly appears to coincide with a weak magnetic high in the area and follow-up exploration is needed to determine whether this gold-in-soil anomaly is associated with a deep intrusive body at subsurface or a potential fault structure. As a result of the discoveries described above, Alma Gold Inc. has commenced reviewing options for follow-up exploration programs at the Clarence Stream North Gold Project. The Corporation would like to extend its appreciation to the geological team at Mercator Geological Services Limited for their expertise in guiding and performing the inaugural exploration program. As previously disclosed, Red Lake Gold intends to further advance the Clarence Stream North Project within the context of Alma Gold Inc., which is in the process of being spun-out to shareholders. In connection with that spin-out process, Red Lake Gold set a beneficial ownership determination date of September 4, 2020. In order to be eligible to receive any shares of Alma Gold Inc. that may be issued in conjunction with the proposed Spin-Out, investors must have been a shareholder of Red Lake Gold as at the Record Date.