VANCOUVER, CANADA – July 6, 2020: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) is pleased to announce that it has entered into an additional option agreement with veteran prospector Bernie Kreft (“Kreft”) to acquire a 100% interest in the Clear Creek Gold Property (“Clear Creek” or the “Property”) located adjacent to Sitka’s RC Gold Project approximately 110 kilometres east of Dawson City, Yukon.

Clear Creek Gold Property Highlights
•Road accessible claim block located in Yukon’s fertile Tombstone Gold Belt.
•Similar geology and regional proximity to several intrusion-related gold deposits including Victoria Gold’s Eagle Gold Mine, Golden Predator’s Brewery Creek Gold Mine and AM Gold’s Red Mountain Gold Deposit (located adjacent to Sitka’s RC Gold Project, see Figure 1)*.
•Claims are contiguous to Sitka’s RC Gold Project and Victoria Gold’s Clear Creek Project and bring Sitka’s total claim holdings in the area to approximately 345.5 km2 (Figure 2).
•Located at the headwaters of Clear Creek, an active and prolific placer gold mining district with several producing placer gold mines operating in and around the area.
•Previous rock samples from trace up to 319.5 g/t gold(1) and previous soil samples from trace up to 4,384 ppb gold(2).
•Significant previous drilling intercepts include 88 m of 0.65 g/t gold(1) and 22 m of 1.24 g/t gold(2).
•Active Class 3 Land Use Permit allows for a variety exploration activities including drilling, trenching and road building.

*Mineralization hosted on nearby and/or adjacent properties is not necessarily indicative of mineralization hosted on the Company’s property.

Cor Coe, Director and CEO of Sitka, commented: “The Clear Creek Gold Property is an exceptional addition to our district scale RC Gold Project located in Yukon’s prominent Tombstone Gold Belt. Past work on Clear Creek has defined several mineralized zones with both bulk tonnage, intrusion-related gold deposit targets and high-grade, vein and breccia hosted gold targets. We look forward to conducting work on the Clear Creek Gold Property this summer as part of our 2020 exploration program at the RC Gold Project.”

About Clear Creek

?The Clear Creek Gold Property has had intermittent exploration conducted since 1981. Previous work on the Property has outlined several highly anomalous and extensive gold in soil trends on the margins of four intrusions (Figure 3). These anomalies all show strong correlations with bismuth, arsenic, tungsten and silver; similar to geochemical signatures seen at Victoria Gold’s Eagle Gold Project (Dublin Gulch) and Kinross’s Fort Knox. Historical rock samples from the Property have returned values from less that 5 ppb up to 319.5 g/t gold(1). Many of the high grade samples collected on the property are from sheeted quartz veins and quartz arsenopyrite veins often found within or on the margins of the intrusions. Additionally, significant gold grades of up to 25.1 g/t gold have been returned from metasediments with disseminations and weak stockworks of pyrite and arsenopyrite. Several significant intervals have also been recorded from the limited drilling and trenching work completed on the Property returning less than 5 ppb up to 2.11 g/t gold over 25 metres from a trench and 0.65 g/t gold over 88 meters (bottoming in 3.0 metres grading 1.296 g/t gold) from RC drilling(1).

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