Clarity Gold Corp. announced that, after careful consideration of the exploration program conducted and results received to date, the company has decided not to continue with the exploration program and has provided cancellation notice pursuant to the option agreement with Big Ridge Gold Corp. (Big Ridge) dated November 27, 2020 for the Destiny Project.

Under the terms of the Option Agreement, Clarity would be required to make a cash payment to Big Ridge of $750,000 and issue to Big Ridge common shares in the capital of the Company having a value equivalent to $1,000,000. The Company sought an extension to the Option Agreement terms thereby allowing Clarity to receive and evaluate additional exploration results, however Big Ridge refused to provide such an extension. Clarity will still own the 2 private lots which cover approximately 82Ha of the Destiny Project.

The Company is still awaiting results from its 2021 exploration program on its Empirical Project and will provide an update when results are received and processed.