Bardoc Gold : Standout 89 metre intercept at Zoroastrian

20 OCTOBER 2020

ASX/MEDIA RELEASE

STANDOUT 89-METRE INTERCEPT IDENTIFIES NEW LODES AND

CONFIRMS GROWTH POTENTIAL AT ZOROASTRIAN

Broad high-grade intersections including 89m at 1.43g/t and 11m at 3.08g/t Au

delineate new footwall lodes and extend known Mineral Resource

Key Points:

• Outstanding new results from recent drilling at Zoroastrian, including:
• • 89m @ 1.43g/t Au from 192mincluding 8m @ 3.35g/t Au from 193mand 13m @ 2.19g/t Au from 252min KNC202014
  • 11m @ 3.08g/t Au from 190min KNC202017
  • 8m @ 2.90g/t Au from 156m in KNC202017
• Mineralisation widths are greater than the current interpretation.
• Mineralisation has been extended further north outside of the existing 526koz Mineral Resource.
• Diamond core rig scheduled to arrive at Zoroastrian this week to step-up drilling in this area.
• The success of this drilling has highlighted the northern end as an area of significant interest and geological studies are being ramped up.
• Exploration drilling is continuing at North Kanowna Star and the Aphrodite Sigma Lode with geotechnical drilling on track to be completed at Aphrodite this week.
• Well attended site tour and Diggers and Dealers presentation last week.

Bardoc Gold Limited (ASX: BDC, Bardoc or the Company) is pleased to report significant new assay results from recent exploration and in-fill drilling at the cornerstone 526koz Zoroastrian Deposit, part of its 100%- owned 3.03Moz Bardoc Gold Project, located 40km north of Kalgoorlie in WA.

New drilling results from the northern end of the Zoroastrian Deposit have extended the mineralisation further to the north outside of the current Mineral Resource model and have provided the impetus to expedite a diamond core rig to site to further evaluate this emerging area.

The drilling has identified a significant zone with a standout intercept of 89m @ 1.43g/t Au from 192m in KNC202014, which is interpreted as the development of multiple footwall lodes within the Royal Mint Lode.

This intersection is the broadest zone of mineralisation recorded at Zoroastrian and highlights that the cornerstone deposit still has areas that can yield significant widths of strong gold mineralisation, providing considerable upside for future mining and exploration activities.

Bardoc Gold Limited | ABN 40 125 578 743

130 Stirling Highway, North Fremantle WA 6159 | Locked Bag 4, North Fremantle WA 6159 | Australia Tel [phone] | Fax [phone]

www.bardocgold.com

MANAGEMENT COMMENTS

Bardoc Gold's Chief Executive Officer, Mr Robert Ryan, said the standout intercept of 89 metres at 1.43g/t, including several higher grade zones, is the widest seen at Zoroastrian to date and one of the better exploration results to be generated across the Bardoc Gold Project.

"Importantly, our recent drilling has shown that the northern end of the deposit is shaping up as an important growth opportunity for the Company. We are seeing broad widths of mineralisation rarely seen at Zoroastrian, with the recent results clearly demonstrating that there is significant potential to extend the Mineral Resource well beyond the current 526koz.

"The high-grade plunge to the newly discovered lodes will be an area for further follow-up drilling, with a diamond drill rig mobilising to site this week to continue to test the zone at depth.

"Our expanded exploration program is already paying dividends, highlighting the potential for brownfields discoveries like the Blueys lode at Zoroastrian, as well as potential greenfields discoveries as we await assay results from North Kanowna Star and Mayday North.

"As we continue to advance the Bardoc Gold Project Definitive Feasibility Study, the exploration results will help to build a growth pipeline of development opportunities that will ensure the Bardoc Gold Project will have a long and sustainable mine life."

ZOROASTRIAN DRILLLING RESULTS

The ongoing exploration drilling at the northern end of the Zoroastrian Deposit has intersected significant mineralisation in both the Royal Mint and Blueys Lodes. The success of this drilling has seen the Company modify its drilling program and bring a diamond core rig to site ahead of schedule.

Recent results include:

• 89m @ 1.43g/t Au from 192m in including 8m @ 3.35g/t Au from 193m and 13m @ 2.19g/t Au from 252m in KNC202014
• 11m @ 3.08g/t Au from 190m in KNC202017
• 8m @ 2.90g/t Au from 156m in KNC202017

These new results build on the results from the 6 October 2020 ASX announcement of:

• 11m @ 4.69g/t Au from 237m including 6m @ 6.78g/t Au from 239m in KNC202001
• 14m @ 1.73g/t Au from 146m in KNC202002
• 18m @ 2.16g/t Au from 165m in KNC202002
• 22m @ 1.61g/t Au from 144m in KNC202004
• 34m @ 2.51g/t Au from 81m including 12m @ 4.11g/t Au from 100m in KNC202011

Early interpretations by the Company's geologists suggests that the Royal Mint Lode is merging closer to the Blueys Lode with a number of additional footwall lodes developing.

This is similar to what is interpreted 600m south where the multiple footwall lodes for Blueys South and Zoroastrian South add significant value to mining operations by being in close proximity to each other.

The next phase of work will focus on improving the geological understanding of this area and identifying lode extensions in this under-explored area of the deposit.

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Figure 1: Zoroastrian 6643020mN Cross-Section,+/-15m, looking north.

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Figure 2: Zoroastrian drill-hole location plan

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