San Lorenzo Gold Corp. provided a further update regarding the recently completed diamond drilling program on its Salvadora property in Chile. The 10-hole program involved 4,091 meters of diamond drilling.

All 10 of the new holes cut copper-gold-silver +/- molybdenum mineralization. The 100% owned Salvadora property encompasses 8,796 ha. A significant expansion to the previous Induced Polarity ("IP") program was carried out by San Lorenzo just before the recent drilling program commenced.

The IP surveys conducted to date outline at least four zones of interest on the Salvadora property. Two of those zones were the subject of the recent drilling program - the Caballo Muerto Zone and the Arco de Oro Zone. The significant mineralization encountered in all the 10 holes drilled is very encouraging as it demonstrates to management of San Lorenzo that IP surveys are a viable tool in identifying mineralized alteration systems at Salvadora.

Seven holes were drilled on the CMZ in the recent drilling program. Each hole cut visible porphyry style alteration with gold- copper- silver and molybdenum mineralization covering an area of 2+ square kilometers and vertical depth of over 500m. IP surveys to date over the CMZ indicate that the alteration/mineralization zone is open to the northwest of the recent drilling area and remains open at depth.

Three (3) holes were drilled on the ADO in the recent drilling program. Each cut visible mineralization within epithermal vein systems. Including one hole drilled in 2016 and one hole drilled in 2019, a total of 5 holes have now cut a gold-silver-copper mineralized epithermal vein system over a strike length of 1 kilometer and to a vertical depth of over 300m. The system is open to the NW, SE and at depth and can be identified by shallow artisanal mining over a strike length of over 3 kilometers.

The remaining two anomalous areas of interest: the Tres Amigos Zone (TAZ) and Caballo Muerto South Zone (CBS) are coincident with 2-3 square kilometer strong copper and gold soil anomalies, porphyry style hydrothermal alteration and copper-gold-solver mineralization. Neither were tested in the recently completed nor any of the prior drilling programs.