Pelangio Exploration Inc. (TSX-V:PX; OTC PINK:PGXPF) ('Pelangio' or the 'Company') is pleased to announce additional significant assay results with values up to 1325 parts per billion ('ppb') (1.325 g/t) gold ('Au') from an infill soil sampling program completed on its Dankran Project in Ghana during January 2021.

The latest results further define the gold-in-soil anomalies at the northern end of the property, now sufficiently delineated for drill testing. The program also added to the anomalies in the south west which will be refined with further infill soil sampling. Additionally, prospecting identified a significant trend of artisanal hard-rock workings extending from the historic Obuom Mine into the Dankran property. Exploration of this trend is prioritized for the upcoming 2,500 meter ('m') drill program. Preparations for drilling are under way.

About Pelangio

Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km2 Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario on its Grenfell property, located 10 km from Kirkland Lake, at its Dome West property, situated some 800 meters from the Dome Mine in Timmins and is advancing its Hailstone property in Saskatchewan.

Contact:

Tel: 905-336-3828

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