Frontline Gold Corporation and Alturas Minerals Corp. announced that the TSX Venture Exchange has conditionally approved the previously announced 50/50 Joint Venture Letter of Intent on Frontline's 100% owned Copperlode Property. In addition to the JV LOI terms summarized below Alturas will also be responsible for 50% of all current and future property expenditures on the Copperlode property.

Copperlode is strategically located 65 km east of Red Lake and contained within the Confederation Greenstone Belt which hosts the former South Bay Cu-Zn mine and several VMS-style occurrences and deposits. Trillium Gold recently acquired a large land package contiguous to Frontline's Copperlode Property. Alturas and Frontline will enter into a 50:50 Joint Venture Letter of Intent to acquire the joint venture interest and explore the Copperlode Property.

A definitive agreement will be created in a form that is customary for transactions of this nature. Alturas agrees to following initial payment terms to acquire a 50% interest in the Copperlode Propertyfrom Frontline: A money cash payment of CAD 40,000; The issuance of 750,000 shares of Alturas, which is subject to receiving TSX-V exchange approval. Note the shares issued to Frontline by Alturas would be subject to a regulatory required hold period of four months; and The agreement to fund 50% of the Orix Geoscience Inc. ­ Scope of Work ­ Copperlode Proposal entered into by Frontline, details of which were announced on January 26, 2021.

Orix will undertake and provide to the Company, a compilation of the approximately 82 drillholes that have been drilled on the Copperlode property. This compilation will allow for the interpretation of assay data in a longitudinal section to provide preliminary drillhole target recommendations for the Company as it prepares for an inaugural drilling program at Copperlode in the spring of 2021. The JV LOI terms above are not an exhaustive description of the terms and conditions, the precise details of which will be set out in definitive documentation to executed at later date.

The definitive documentation will include additional terms and conditions that are customary for this type of transaction.