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 announce it has provided MacDonald Mines Exploration Ltd. with 53 targets including five priority 'Exploration Areas' for the SPJ Gold Property generated by combining machine learning and geoscience expertise.

MacDonald Mines' SPJ Gold Property, located approximately 40 km east of Sudbury, Ontario, includes the historic Scadding Gold Mine as well as numerous other gold and polymetallic showings. The geological setting is consistent with a system that could form Iron Oxide Copper Gold (IOCG) and affiliated precious and critical metal deposits. MacDonald Mines expert geoscientists have built on the concept of a 'Sodic Alteration Corridor' in the context of the geology of the SPJ Property.

The SPJ Property is an extensive land package that lies in a tectonically complex area with distinct regions of different tectonic signatures. The latest significant episode that affected the southern region of the property was the Grenville Orogeny that post-dated mineralization and resulted in a distinctive structural and metamorphic overprint on some regions of the property. GoldSpot treated data from these regions separately.

Gregory Romain, President and Chief Executive Officer of MacDonald Mines, commented, 'The excellent work undertaken by GoldSpot's technical team along with their machine learning technology, not only helped corroborate the work done to date by the MacDonald Mine technical team, but also, provided other areas of exploration opportunities. We look forward to testing these new structures and to continue refining our understanding using GoldSpot's machine learning technology.'

Vincent Dube-Bourgeois, Chief Executive Officer and Director for GoldSpot, commented, 'The work GoldSpot performed on the MacDonald Mines' SPJ Property shows the high prospectivity of the property by both reinforcing and extending the potential of known prospects and by identifying exciting new potential. GoldSpot's work with the MacDonald Mine team will continue to highlight the economic potential of the SPJ Property.'

Targeting at the SPJ Property

GoldSpot applied geoscientific interpretations of available data to generate a new structural map and stress model as well as new insights into the property's geochemical make-up. These data were also prepared and introduced to GoldSpot's SmartMine machine learning targeting algorithms. GoldSpot then integrated the SmartMine outputs and the new structural and geochemical insights to generate 53 targets from which five Exploration Areas were identified.

The 53 targets were then prioritized and provided to the MacDonald Mines team. Five areas of highest priority were identified; three of which (Glade, Alwyn and McLeod trends) support and help to refine and/or expand on targets already highlighted by the MacDonald Mines team, two of the priority targets (Scadding Trend and Pine) are new. This combination of known and new targets demonstrates the effective and robust outcomes of the GoldSpot approach.

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 strategically invest in mineral exploration companies. Our leading team of expert scientists merge geoscience and data science to deliver bespoke solutions that save time, reduce costs, and produce far more accurate results than ever possible before.

Contact:

Vincent Dube-Bourgeois

Tel: 819-592-1195

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.

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