Vancouver - Gaia Metals Corp. (the 'Company') (TSX.V: GMC) (FWB: R9G) is pleased to announce a new high grade gold-silver discovery in an outcrop on the Gold Dyke prospect on the Freeman Creek gold property.

The samples were taken during the construction of the access routes to the drill site for the Company's recently completed first drill program.

The discovery was made during the construction of the access routes to the drill sites which revealed mineralized outcrops. A total of 33 surface rock samples were collected from an oxidized, quartz-veined, silicified metasediment to the north and east of the recently completed drilling, peaking at 5.7 g / t Au and 49 g / t Ag and a total of 17 samples greater than 0.1 g / t Au yield. The orientation and extent of mineralization are unknown.

The discovery is significant as it illuminates a new area of great interest that was not previously known. The outcrop is located around 50 m east of the documented, historical boreholes and more than 100 m from the nearest borehole from 2020. This northeast area of the Gold Dyke prospect has relatively little explored compared to areas to the west and south. Subsequent surface exploration of the discovery is scheduled for spring / summer 2021.

President & Director Blair Way said, 'These results are very encouraging as they have improved our understanding of the area and opened up the prospect in a new direction. This will give us more data to define our drill program for the spring. '

The Company recently completed an initial exploratory drilling program on the Gold Dyke prospect consisting of four (4) diamond drill holes totaling 457 meters. Analysis of the drill core samples was delayed by COVID-19 and the Christmas season; nevertheless, the company assumes that the results will be available soon and can be published.

Overall, the 2020 sampling at Gold Dyke indicated the area is more promising than originally anticipated, and numerous sample assays range from 0.5 to 10.9 g / t Au and 1 to 292 g / t Ag (+/- Cu ). The mineralization on Gold Dyke is located in highly silicified metasediments with frequent voids, quartz veins and few sulfides (pyrite, chalcopyrite). The Gold Dyke area is directly accessible via dirt back roads and is located on BLM land outside of US Forest Service Lands and other protected areas.

Quality analysis and control procedures

All collected rock samples (random samples) as well as blank quartz samples and confirmed reference materials were taken to the SGS Canada Inc. laboratory in Burnaby, BC for multi-element analysis (including Ag) using sodium peroxide fusion with an ICP-MS finish (code GE_IMS90A50), Au analysis using fire analysis and AAS finish (code GE_FAA30V5) and Ag using 2-acid digestion and AAS finish (code GE_AAS22E50).

Management advises that the surface rock sampling results presented here are inherently selective and represent a sampling point. As a result, they may not necessarily be fully representative of the mineralized horizon sampled.

About Gaia Metals Corp.

Gaia Metals Corp. is a mineral exploration company focused on the acquisition and development of mineral projects containing base and precious metals, including platinum group elements, and lithium.

The Company's flagship asset is the Freeman Creek gold property in Idaho, USA. The property hosts two major advanced targets: the Gold Dyke prospect, which has a historical drill interval of 1.5 grams of gold and 12.1 grams of silver per tonne over 44.2 meters (RDH 8), and the Carmen Creek prospect, which has a surface sample of 25, 5 grams of gold per ton, 159 grams of silver per ton and 9.75% copper.

Additional assets of the Company include the 100% owned Corvette Property and the FCI Property (which is an option from O3 Mining Inc.) located in the James Bay area of Quebec. The properties are contiguous and have significant gold-silver-copper-PGE-lithium potential, particularly in the Golden Gap prospect with grab samples ranging from 3.1 to 108.9 grams of gold per ton from the outcrop and 10.5 grams of gold per ton seven meters in the hole, in the Alsace and Lorraine prospects with 8.15% copper, 1.33 grams per tonne gold and 171 grams per tonne silver in the outcrop, and in the CV1 pegmatite prospect with 2.28% lithium oxide over six meters in channel sampling.

The Company also owns the Pontax (QC) lithium gold property, the Golden Silica property, British Columbia, and the Hidden Lake lithium property (Northwest Territories), in which the Company owns a 40% interest, and several other assets in Canada.

Contact:

Adrian Lamoureux

Tel: +1 778 945-2950

Email: adrian@gaiametalscorp.com

Web: www.gaiametalscorp.com

Forward-looking statements

The statements contained in this release, which include statements about our plans, intentions and expectations that are not exclusively historical in nature, constitute 'forward-looking statements'. Forward-looking statements can be identified using terms such as 'forecast', 'believes', 'intends', 'estimates', 'expects' and similar expressions. The company cautions readers that forward-looking statements, including those relating to the company's future operations and business projections, are subject to certain risks and uncertainties that could cause actual results to differ materially that are described in the forward-looking statements.

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