Maritime Resources Corp. announced a new gold discovery at the Hammerdown Gold Project located in the Baie Verte Mining District of Newfoundland and Labrador, Canada. This new discovery occurs along the favorable Hammerdown Deformation Zone between the current Hammerdown and Orion deposits and is open in all directions. The Company has also completed a new high resolution, helicopter borne geophysical VTEM survey with Geotech Ltd. across the entire Green Bay land holding which hosts the Hammerdown Gold Project. The survey has identified several new targets including a large conductor between Hammerdown and Orion on the edge of where this new discovery was made. Drill hole BB-20-123 was collared 300 m northeast of Orion as a condemnation drill hole and intersected several zones of gold mineralization, including a narrow quartz/sulphide vein with abundant visible gold. The sampled intersection returned 22.7 gpt Au over 0.44 m at a vertical depth of 50 m. Four additional drill holes have been completed as 25 m step outs from BB-20-123, all of which have intersected multiple narrow quartz/sulphide veins similar in style and locally containing visible gold. Assays are pending for the step-out holes. Historical drilling in the area was limited and the newly discovered mineralization remains untested in all directions. The new Orion North target is located in an area which has little historical drilling. The Orion North vein intersections are significant as they occur in a mafic volcanic sequence and have discrete veins similar to the Hammerdown deposit. They are characteristically different from the more dispersed broad mineralization seen at the Orion deposit which occurs in strongly foliated, highly altered mafic/felsic schist. It is also important to note that visible gold is more prominent at the Orion North area than at the Orion and Hammerdown deposits. Follow-up drilling along with ground EM surveying is planned in the Orion North area later this month. Additional infill and step-out drilling at the Orion deposit has continued to report significant results. The sampling continued to report broad zones of mineralization over extensive widths including hole BB-20- 130 with 13.0 m of 5.23 gpt Au and hole BB-20-119 with 15.8 m of 1.02 gpt. These broad zones of mineralization are represented by millimetre scale veinlets in a quartz flooded pyritic felsic/mafic schist. The newly identified broader mineralized zones at Orion are very similar to the broad mineralization noted at the Wisteria Zone at the Hammerdown deposit. The intervening area between Orion and Wisteria is structurally complex and has been minimally explored. More drilling is planned to trace the broader zones of mineralization, which appear to be proximal to the narrow vein-style mineralization that elsewhere typifies Hammerdown and Orion. In the fall of 2020, Maritime initiated a helicopter airborne VTEM survey to cover the entire Green Bay Project area. The survey entailed 586 kilometres of flight lines spaced at 200 m with the hope to define areas of intense sulphide accumulations possibly representing conductive horizons that may represent base metal and/or gold mineralization. A number of anomalous zones were identified in the immediate area of the Hammerdown and Orion gold deposits that the Company intends to follow up. While in the early stage of interpretation, the Hammerdown deposit had a conductive response, due to the sulphides associated with the gold mineralization, and a new conductor was identified within 500 m to the north. This new conductor, the "Hammerdown North" target, has no drilling and is a priority target for the 2021 exploration program.