Osprey Gold Development Ltd. provided additional results from its exploration program at the Caribou Gold Project ("Caribou") located approximately 8 kilometres ("km") north of Atlantic Gold's Touquoy Mine and Moose River Consolidated mill site, and surrounded by Atlantic Gold claim holdings in Nova Scotia, Canada. The trenching at Caribou included a total of four trenches with the best interval from the latest trench (18ELK-04) returning 1.33 grams per tonne gold ("g/t Au") over 13.80 metres ("m"), with multiple other anomalous zones in the surrounding sediments. These results provide additional support for the Company's concept that disseminated gold mineralization occurs in the sedimentary sequences surrounding historically mined high-grade veins at Caribou. This style of mineralization is similar to that which has allowed Atlantic Gold to build a successful mining operation in Nova Scotia. Relogging and sampling historic core last year at the Caffrey zone, southeast of Elk, with an emphasis on previously unsampled "wall rock" intervals, reported results including 70.57 metres grading 1.58 g/t gold, again highlighting the potential for broad zones of disseminated mineralization. Trench 18ELK-04 was completed in three segments along strike approximately 160 m to the northeast of 18ELK-01 and helps define a significant zone of mineralization that is open along strike, and at depth. This zone roughly parallels the main structure in on the project; the Caribou-Cochrane Hill Anticline which hosts Atlantic Gold's Cochrane Hill project approximately 75 km to the northeast.