Pathfinder Resources Ltd. provided the results of its maiden on-ground geological and exploration program undertaken at the company's King Tut high-grade gold and cobalt project in Argentina. The results of the company's maiden exploration program at the King Tut Project have confirmed that the high-grade gold and cobalt mineralisation extends beyond the King Tut mine. Importantly, results of the geological mapping and sampling also defined the quartz-hosted mineralisation in a vein stack up to 120m wide and currently along a strike length of approximately 200m, however the strike extent remains open. Gold mineralisation appears to be consistent along strike and to the west of the King Tut mine, with several 20+g/t Au samples. Sampling at the series of stacked veins to the south of the King Tut mine also returned a number of samples in excess of 6g/t Au. Cobalt mineralisation is generally located in the lower outcropping veins, indicating either a zonation of the mineralisation or that the Co mineralisation is specific to depth in the profile, with veins to the south being at higher elevations. A key aim of the mapping and sampling program was to identify the locations and orientation for the planned drilling program. Drilling will provide information on the size and orientation of the stacked veins at depth and continuity of the mineralisation. The Company has commenced the planning and approval process for its maiden drilling campaign at the King Tut Project and negotiations with drilling contractors are underway, with the program expected to commence in first quarter of 2021. The aim of the drilling program is to define the continuity of mineralisation at depth and provide additional structural information on the regional setting. King Tut, Guille and Diana II tenements are located in the Eastern Andes. The regional geological structures host a number of significant copper and copper/gold porphyries. There is no recorded detailed exploration that has focused on locating the presence of porphyry deposits within Company's tenements. The tenements are in the right regional setting, so this will be an area of focus for future exploration. Anomalous base metal occurrences have also been noted south of the King Tut mine location, with a sample containing in excess of 5% Cu and a number of samples in excess of 0.4% of Pb/Zn respectively. Further work is planned to improve the understanding of these base metal occurrences and their potential relationship with the occurrence of Au and Co at King Tut or another form of emplacement and enrichment. Exploration Program The King Tut Project is located on the renowned metallogenic belt in the foothills of the Andean Mountains in Argentina. Altitude below 3,000m allows year-round access. The map below shows the project location in relation to the country and region. A mapping and rock chip sampling program was undertaken in late 2020 over a two-week period and was completed by an experienced local geologist. The aim of this program was to build on the limited field work completed in 2018 and to provide an accurate geological map of the King Tut Mine location and surrounds, define further structural information, and locate and sample various geologies with emphasis on the known mineralised veins and other vein structures. The mapping program progressed as planned, with most of the area around the historical King Tut mine mapped. A total of 72 sites were used to gain structural information, 51 veins were mapped and accurately located, and 79 samples were collected. An accurate geological map was compiled displaying all major geological units, alteration features, veins, and structure. Three different lithologies have been identified within the King Tut Project area and its surroundings. The host unit is a sedimentary unit, with a general north-south orientation and high angle dip both to the east and west (Suri Formation), of Ordovician age which is intruded by igneous dykes of rhyolitic composition (Ñuñorco Granite) and dykes of basaltic/andesitic composition (La Ojota Volcanics), both of Devonian age. These rocks exhibit three types of alteration, most likely due to both supergenic (secondary Fe oxides visible) and hydrothermal processes: oxidation, silicification and argillic alteration. The veins are mostly comprised predominantly of quartz, showing in some cases open spaces textures and different grades of oxidation. Sampling of the veins within the project area, previously identified from the primary confirmatory work of 2018 by Condor Prospecting, and later confirmed and extended by the recently completed December 2020 field mapping, has shown high values of Au and Co. The assays show there is mineralisation at least 70m to the west and over 100m to the south of the historical workings, extending the strike of the known mineralised veins as well as providing support for the presence of a "stack" of mineralised veins to the south. This provides numerous targets in all directions outside of the small underground mine workings since, according to historic reports, the mineralised veins are open to the east as well. The work completed to date in this initial exploration program has improved the understanding of the geology at the King Tut Project and has confirmed the expectation of extensions to the known mineralisation. The results provide a solid base for Pathfinder to undertake an effective maiden drilling program, expected to commence in first quarter of 2021. The results of the first modern geological mapping and sampling program over the project are: Confirmation of the extensions to the King Tut mineralised zone for both gold and cobalt; Identification of a stacked vein system over a width of 120m; Providing important information for the planning of the drilling program, expected to commence in first quarter of 2021; and Significantly improved understanding of the regional geology and identification of numerous opportunities following identification of previously unrecorded base metal occurrences.