Newrange Gold Corp. announced that it has exercised its option to acquire a 100% interest in the Western Fold Property, which forms the eastern portion of its North Birch Project northeast of Red Lake, Ontario. Pursuant to the Option Agreement signed with AurCrest Gold Inc. on December 23, 2019, Newrange has now paid a total of $200,000 in cash and issued 1,000,000 shares for a 100% interest in the Western Fold Property, subject to a 2% NSR royalty. As the Company has already exercised a separate option on the western portion of North Birch, it now owns a 100% interest in the entire 3,850 hectare claim block, subject to the underlying 2% royalties. At North Birch, the Company is targeting a folded and sheared iron formation that is interpreted to be a potential host for gold mineralization. Iron formation hosted gold deposits are known world-wide and include the Musselwhite Mine and Pickle Lake deposits, both in northwestern Ontario.