On September 16, 2020, U.S. Gold Corp.’s Board of Directors (the 'Board') appointed Eric Alexander as Corporate Secretary of the Company, effective September 17, 2020. Mr. Eric Alexander, age 53, has over 30 years of corporate, operational and business experience, and over 15 years of mining industry experience. Previously he served as Corporate Controller of Helix Technologies Inc. Prior to that, he served as the Vice President Finance and Controller of Pershing Gold Corporation, a mining company, from September 2012 until April 2019. Also on September 16, 2020, the Company and David Rector, the Company’s Chief Operating Officer, agreed by mutual understanding that Mr. Rector’s employment as an officer and employee of the Company will terminate, effective as of October 31, 2020 (the “Separation Date”). In connection with Mr. Rector’s departure, the Company entered into a General Release and Severance Agreement with Mr. Rector (the “Separation Agreement”), pursuant to which Mr. Rector will provide certain transition services to the Company from the Separation Date until December 31, 2020.