Black Dragon Gold Corp. (ASX: BDG) ('Black Dragon' or the 'Company') is pleased to announce that its Spanish subsidiary, EMC, has submitted the EIA for the Salave Gold Project (the 'Project'), to the Asturian Ministry of Mines.

The EIA acknowledges the need for strong environmental and social responsibility. Furthermore, the Company has gone to great extents to ensure the EIA provides a framework to minimise or completely remove any negative impact the proposed Project will have on the environment and surrounding community. The EIA outlines the following: Negligible Risks to the Environment: The Project proposes a minimal-footprint, underground mining operation without the use of cyanide in its mining and processing; Investment: The investment in Asturias is projected to be approximately EUR100 - EUR105 million over the life of mine, and is expected to have an enduring effect on the local community and, Jobs: The Project is projected to generate between 150 and 200 direct jobs and between 1,000 and 1,500 indirect jobs over the life of the mine.

Now that the EIA has been submitted, the Asturian regulatory Ministries will conduct their review of the submitted documentation. The review will shortly be followed by a month-long public consultation period which will allow the Company to address or clarify points raised by the local community and stakeholders about the proposed development of the Project. Following the consultation period, EMC will continue to seek the final environmental approval for the commencement of construction at Salave.

Paul Cronin, Executive Director commented 'The submission of the EIA is largely part in due to the extraordinary efforts of our Spanish team. The pandemic has mostly impeded progress due to lack of site-visits or face-to-face meetings with the relevant authorities or consultants. I am thrilled we have finally embarked on the environmental approval process to develop the Salave Gold Project and look forward to receiving feedback from the Asturian Authorities.'

Contact:

Tel: +44 207 993 0066

Email: info@blackdragongold.com

Web: www.blackdragongold.com

ABOUT BLACK DRAGON GOLD

Black Dragon Gold is the 100% owner of one of the largest undeveloped gold projects in Europe, the Salave project. Salave is situated in the north of Spain in the province of Asturias. The Salave Project has a current Measured Mineral Resource of 1.03 million tonnes grading 5.59 g/t Au, containing 0.19 million ounces of gold; an Indicated Mineral Resource of 7.18 million tonnes grading 4.43 g/t Au, containing 1.02 million ounces of gold, plus Inferred Resources totalling 3.12 million tonnes grading 3.47 g/t Au, containing 348,000 ounces of gold. A full technical report summarising the Mineral Resource estimate completed by CSA Global is available on the company's web site (www.blackdragongold.com) and posted on SEDAR. In addition to the current Mineral Resource, historical exploration work suggests there is the potential for additional mineralisation within Black Dragon's landholdings

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'suggest', 'indicate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current planned exploration activities; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays or any inability in obtaining governmental approvals or financing and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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