P E L A N G I O

EXPLORATION

PX TSX-V

EXPLORING CAMP-SIZED PROPERTIES

ON WORLD CLASS GOLD BELTS

GHANA, WEST AFRICA

Obuasi (284 km2)

100% owned (subject to gov't interest), located on the prolific Ashanti Belt Immediately adjacent to AngloGold Ashanti's recently redeveloped 31M oz Obuasi Mine, host geology extends onto Pelangio's property

High grade drill intercepts include:

PG11-NGT-121- 1m of 24.50 g/t gold

PG11-NGT-122- 2m of 11.28 g/t gold

Significant Targets

Numerous untested targets exist along the property boundary Targets are underlain by the same geological stratigraphy which hosts much of the ore at the Obuasi Mine

North Government Area ("NGA") Targets which lie along and near the main Birimian/ Tarkwaian contact

Dankran (34.65km2)

Soil sampling of 1,235 samples initiated in Q42020 Northeastern extension of Pelangio's Obuasi project - added an additional seven km of strike on the Ashanti Belt Adjacent to historic Obuom mine that produced 29,000 oz of gold at an average grade of 16 g/t in the 1930's

Drill program underway

Where There

is History

There is

Potential

P o s i t i o n i n g -

L o c a t i o n - l o c a t i o n - l o c a t i o n

P E L A N G I O

EXPLORATION

PX TSX-V

GHANA, WEST AFRICA

Manfo (96 km2)

Located on the Sefwi Belt 17 km SE of

Newmont's Ahafo Plant

100% owned (subject to 10% government interest)

Eight near-surface gold discoveries by drilling gold in soil anomalies over a 9km NNE trend 38,000 m of core drilling; Maiden resource estimate in 2013* with three open pit resource areas defined:

Indicated: 195,000 oz Au (at 1.5 g/t)**

Inferred: 298,000 oz Au (at 1.0 g/t)***

Considerable data recompilation, reinterpretation and target generation completed

Conducted infill soil sampling refining several targets in Q32020

Exploration AC and resource-extension DD drilling programs planned

Soil Gold Anomalies and Drill Targets

Sefwi Belt hosts 33 Gold

Multiple targets generated in recent data

analysis to be tested in exploration and

Deposits (20+ Million Oz)

resource extension drilling programs

Capitalization

TEAM

(millions)

Warrants

Tr a d i n g

D i r e c t o r s

M a n a g e m e n t

P X : T S X - V

32.3

Options

Market Cap. = $10.5 M

Ingrid Hibbard, President & CEO

Kevin Thomson,

Paul Rokeby,

4.8

Week L/H = $0.13/0.27

David Mosher

Senior VP, Exploration

Chief Financial Officer

Shares Outstanding

Al Gourley

Sam Torkornoo,

Advisory Committee:

Insiders, Family &

Dr. Joyce Aryee

VP Africa

Philip Olson

70.0

Kevin Filo, VP

Laurie Clark

Associates = 25%

JC St-Amour, Chairman

Warren Bates, Senior

Source: TMX website

Corporate

Kevin Thomson

Technical Advisor

June 3 2021

Development

Contact Information

Pelangio Exploration Inc., 82 Richmond Street East, Toronto, Ontario, Canada M5C 1P1

905 336 3828 info@pelangio.com

pelangio.com

Disclaimer and Qualified Person

  • Mineral Resource Evaluation Technical Report, Manfo Gold Project, Ghana, June 21, 2013 by SRK Consulting (Canada) Inc., authored in accordance with Canadian Securities Administrators' National Instrument 43-101.
  • Indicated Resources consist of 3.973 million tonnes at an average gold grade of 1.52 g/tonne, calculated at a lower cut-off grade of 0.5 g/tonne for sulphide and transitional material, and 0.4 g/tonne for oxide material. Indicated resources are entirely within the US$1,450 Conceptual Pit Shell.
  • Inferred Resources consist of 9.666 million tonnes at an average gold grade of 0.96 g/tonne, calculated at a lower cut-off grade of 0.5 g/tonne for sulphide transitional material, and 0.4 g/tonne for oxide material. Inferred resources are tabulated both within and outside of the US$1,450 Conceptual Pit Shell, from surface to an elevation corresponding to the base elevation of the US$1,450 Conceptual Pit Shell, at 100 metres elevation.

Kevin Thomson, P.Geo, (APGO#0191), Senior Vice President of Exploration for Pelangio, has approved the statement in this document.

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Pelangio Exploration Inc. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 20:30:06 UTC.