iMetal Resources Inc. provided significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. Highlights from the first phase program include: Discovery of new gold mineralization extending Zone 1 to the north for a total of 500 length of metres, open in both directions; Zone 1 highlight grab sample values include 5.13 g/t gold, with 5 of the 7 samples in the northern extension returning values in excess of 1 g/t gold from a strongly ankerite altered, brecciated unit; Discovery of a new zone 150 metres to the northeast of Zone 1 with highlight values of 1.49 g/t gold and 1.25 g/t gold representing a possible extension or parallel zone; Initial discovery of the Elkhorn Zone, with highlight values of 2.32 g/t gold and 0.73 g/t gold, 8km southwest of Zone 1, in an Archean erosional window; Zone 1 lies 1100 metres south of the Caldas Gold Corp. Juby deposit, currently hosting an indicated resource of 774,000 ounces at 1.13 g/t gold and inferred resource of 1,488,000 ounces at 0.98 g/t gold. Drill intersections from the 2019/2020 phase one drilling at Zone 1 included highlight intersections of: 2.95 g/t gold over 2.5 metres, 1.43 g/t gold over 4.6 metres and longer intervals of 0.37 g/t gold over 29.4 metres and 0.32 g/t gold over 30.25 metres. The Company initiated the 2020 sampling program to test areas of the property peripheral to Zones 1 and 3, concentrating largely in the western section of the claim group within the Archean stratigraphy, and in the Archean outlier at Elkhorn Lake in the east. A total of 268 prospecting grab samples were taken throughout the Archean stratigraphy. Thirty of the samples returned gold values in excess of 0.1 g/t gold with 10 of those exceeding 0.5 g/t gold including 8 that exceeded 1 g/t gold. The Company is currently incorporating the 2020 results with results from the previous sampling and geophysical programs to develop a phase 1 2021 drill program. All samples were shipped to Activation Laboratories Limited in Timmins, Ontario, an ISO 9001:2015 certified facility. All samples are analyzed utilizing Actlabs 1E3 QOP AquaGeo (Aqua Regia ICPOES) procedure, an aqua regia digestion with ICP (inductively coupled plasma) finish, with 1A2 procedure for gold, a 30-gram fire assay with AA (Atomic Absorption) finish. Actlabs is independent from iMetal.