New Placer Dome Gold Corp. announced resumption of the diamond drilling and the completion of induced polarization (IP)/resistivity geophysical survey at the Bolo Gold-Silver Project (the "Bolo Project" or "Bolo") in Nye County, Nevada. Geophysical crews have been re-tasked to the Company's Kinsley Mountain Gold Project (the "Kinsley Mountain Project" or "Kinsley Mountain") in Elko County, Nevada, to complete the remaining IP/resistivity surveys in the underexplored Kinsley North Range area of the Kinsley Mountain Project.

During late 2021, a total of 260 metres (853 feet) of core was drilled in hole BL21-01 at the South Mine Fault Zone, the first ever diamond core hole drilled at Bolo. Semi-quantitative hand-held portable X- ray fluorescence (XRF) analysis of the drill core indicates the presence of anomalous gold pathfinder elements, including elevated arsenic and antimony values. These values are associated with visually observed oxidation, decalcification, and silica alteration, coincident with the interpreted depth projection of the gold zone.

The Company plans to complete the remainder of its 6 initial high-priority diamond drill holes at Bolo during First Quarter of 2022, totaling approximately 1,700 m. The planned drill holes will target the Mine Fault and other mineralized structures associated with the South Mine Fault, Uncle Sam, and Northern Extension mineralized gold zones. The Bolo IP/resistivity geophysical surveys were completed in December 2021, expanding coverage 1 km north from the limits of the 2019 IP/resistivity surveys to encompass the north extensions of the prospective Mine Fault and East Fault targets. A total of 14.4 line-km were completed over 5 lines, the results of which are currently being reviewed by the Company's technical team.