Spring Peak Gold-Silver Project

VANCOUVER – Headwater Gold Inc. has signed a Definitive Agreement granting it the exclusive Option to acquire a 100% interest in the Spring Peak epithermal gold-silver project located in the State of Nevada. The Company intends to begin drilling at the Property in August of 2021.

Caleb Stroup, President and CEO, said, “The Spring Peak Project presents an exceptional opportunity to explore a large and under-explored precious metal system with a clear analog immediately next door at Hecla’s Aurora mine. Aurora was a remarkably high-grade past-producer, with the first 1.5 million ounces of production reportedly averaging over 2 ounces per ton gold. We believe that the Spring Peak Project has great potential for high-grade mineralization. Spring Peak and the recently acquired Highland Project are great additions to the Company’s compelling portfolio of drill-ready, high-grade targets in Nevada, Idaho and Oregon.”