COLORADO SPRINGS, CO / ACCESSWIRE / July 6, 2021 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") today announced it has increased its monthly dividend 16.7% to $0.035 per common share, or $0.42 annually. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

The $0.035 per common share monthly dividend for July 2021 is payable on July 30, 2021 to shareholders of record as of July 19, 2021.

"The Isabella Pearl mine is exceeding expectations," stated Fortitude Gold's CEO and President, Mr. Jason Reid. "The dividend increase is based off strong second quarter operational performance and production which has delivered an increasingly strong cash position reflecting our ability and confidence to generate significant free cash from our high-grade Isabella Pearl gold mine. The Board of Directors is pleased to reward shareholders with this second dividend increase in as many months and remains focused on returning as much cash back to shareholders as possible, while balancing the capital needs of our operations, paying taxes and providing for future Company growth."

Second quarter preliminary Isabella Pearl production numbers are expected to be announced by mid-July.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

- Fortitude Gold Corp.
Greg Patterson
greg.patterson@fortitudegold.com
www.Fortitudegold.com