OSPREY GOLD DEVELOPMENT LTD. announced assay results from the first 3 holes of its 13 hole, 2,003 metre ("m") drill program at the Company's Goldenville Property, located in Guysborough County, Nova Scotia. Holes G19-16 and G19-17 were drilled to the north stepping out along strike from a zone with sulphide-rich argillite sequences nomalous in gold mineralization encountered in 2017. The mineralized intercepts in these holes occur within bedding parallel uartz veins, as well as lower grade mineralization within the argillite and greywacke host rocks. Both holes encountered multiple ones of gold mineralization, including G19-17 which encountered a zone of 8.0 m of 0.80 g/t Au. This area of the structure emains relatively untested for approximately 700 m of strike to the east, and was the subject of additional drilling in 2019 with ssays still pending. Osprey is focused on exploring five historically producing gold properties in Nova Scotia, Canada. Osprey has the option to earn 00% (subject to certain royalties) in all five properties, including the Goldenville Gold Project, Nova Scotia's largest historic gold roducer. Goldenville hosts a current NI 43-101 Inferred Resource of 2,800,000 tonnes at 3.20 g/t gold for 288,000 ounces of old (2,800,000 tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped) near the town of Sherbrooke, NS. All five roperties in Osprey's current portfolio have a history of high-grade gold production.