Osprey Gold Development Ltd. provided an update on ongoing exploration at its five historically producing gold projects in Nova Scotia, Canada. The Company holds the right to acquire a 100% interest in all of its projects and is focused on exploring for disseminated mineralization within the host sediments, around historically mined high grade veins, similar to the style of mineralization found at the deposits making up Atlantic Gold's Moose River Consolidated Project. Based on Osprey's recent and previous work, three key target areas have emerged as priorities for immediate follow-up drill testing. Each of these past producing projects holds the potential to host significant mineralization, and is integral to the consolidated district opportunity. Drilling is currently planned for: The Goldenville Zone (Goldenville Project), Osprey's most advanced project and Nova Scotia's largest historic gold producer with a current NI 43-101 Inferred Resource of 2,800,000 tonnes at 3.20 grams per tonne ("g/t") gold for 288,000 ounces of gold (2,800,000 tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped). The deposit is open to the east and northwest, and significant infill opportunities exist on the south limb; The Mitchell Lake Zone (Goldenville Project), is located approximately 3.5 kilometres ("km") west of the Goldenville resource area where significant mineralization was encountered in Osprey's previous drill program. Highlighted results includes hole MIT97-01 which intersected a broad zone of gold mineralization; 30.50 m of 0.70 g/t gold, including 8.10 m of 1.10 g/t gold, and 9.40 m of 1.02 g/t gold. MIT97-02 intersected 20.2 metres of 1.33 g/t; The Elk Zone (Caribou Project), located 8 km north of Atlantic Gold's Touquoy Mine and Moose River Consolidated mill site and completely surrounded by Atlantic Gold claimholdings.