Pelangio Exploration Inc. announced that is has received the results from its 2020 till sampling programs and subsequent Induced Polarization-Resistivity ("IP") survey at its Hailstone property in Northern Saskatchewan. These results are very encouraging and indicate high priority gold targets associated with surface gold mineralization. Highlights of the Hailstone Property: Recent till sampling of the Asbell Bay target area confirmed two anomalous areas of interest, the - Bornite Zone and the Crocodile Zone, with samples containing a significant number of gold grains; These anomalous areas are associated with known gold occurrences, with grab samples assaying up to 15.9 g/t gold ("Au") (Bornite Zone target) as reported previously by Pelangio; Peripheral till sampling proximal to known mineralized zones also detected isolated highly anomalous till samples. To the southwest of the Crocodile Zone, one such sample contained 270 gold grains suggesting additional till sampling work is warranted for further target development in other sections of this highly prospective, under-explored property; In December 2020, an IP survey was conducted on a select portion of the Asbell Bay target area (the Bornite Zone and Crocodile Zone occurrences) and related till anomalies which outlined numerous targets associated with both till anomalies and various gold occurrences; The Hailstone property is surrounded by a number of historical gold mines in geological environments similar to Hailstone. The 75 square kilometer ("km2") Hailstone property is located within the Central Metavolcanic Belt of the La Ronge Domain of north-central Saskatchewan, which represents a portion of the Paleoproterozoic Trans-Hudson Orogeny. The property comprises a southwest-northeast trending metavolcanic succession intruded by multi-phase intrusive rocks of the Berven Lake Pluton. Gold and copper ("Cu") mineralization on the property is hosted within quartz veins and quartz-rich pegmatite dikes associated with southwest-northeast trending shear zones subsidiary to the terrane-bounding McLennan Lake Tectonic Zone. Grab samples collected during 2019 highlighted significant grades of 15.9 g/t Au and 2.68% Cu in and around the Bornite Zone in the northern portion of the Asbell Bay area. During limited prospecting in 2020 the North Copper Zone, 225m northeast of the Bornite Zone, was sampled and returned anomalous gold and copper concentrations. The addition of the North Copper Zone to the other six surface showings in the Asbell Bay area results in a total prospective strike length of 1,800m. Note, the reader is cautioned that selected grab samples are not necessarily representative of mineralization on the property. In 2020, Pelangio initiated a target development program at the Hailstone property to follow up on a number of prospective gold occurrences, outlined in 2019 by prospecting efforts in the northeastern portion of the property. The Company completed 95.66 line kilometers ("km") of airborne magnetic surveying at a line spacing of 30m in order to provide detailed geophysical information over known zones of mineralization. This work outlined a number of linear magnetic features parallel to the McLennan Lake Tectonic Zone and a broad magnetic low, all spatially associated with outcropping gold occurrences. During the summer and fall of 2020, two programs of till sampling (84 samples in total) were completed and were subject to gold grain analysis by Overburden Drilling Management. A total of 55 samples or 65% of samples collected returned gold grain counts above 20. These results are considered anomalous when compared to a deposit case study in the Star Lake region (Sopuck et al, 1983) approximately 20km to the northeast of the property. A total of seven (7) samples or 8.3% of the samples collected contained highly anomalous gold grain counts with a range of 120 to 270 gold grains in the individual samples. The till sample work also demonstrated significant anomalous responses relative to the known zones of mineralization in outcrop at the Bornite and Crocodile Zones. Peripheral till sampling proximal to known mineralized zones also detected isolated highly anomalous till samples. To the southwest of the Crocodile Zone one such sample contained 270 gold grains, suggesting further till sampling work is warranted near secondary occurrences and across the property. Some very limited prospecting was carried out in conjunction with the first phase till sampling program, this work resulted in the discovery of a new bedrock occurrence, designated the North Copper Zone which returned 0.79 g/t gold and 2.14% Cu. Based on till sample results, airborne magnetic data and surface gold occurrences, an induced polarization survey was focused on the immediate areas surrounding the Bornite and Crocodile zones. Geophysical survey work (IP) resulted in the outlining of eleven targets of interest for follow up drill testing. These targets are currently being reviewed and prioritized.