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P2 Gold meets high-grade copper at Todd Creek

Vancouver, British Columbia, November 30, 2020 (Globe Newswire) – P2 Gold Inc. (“P2” or “Company”) (TSX-V: PGLD) 2020 Reports on the exploration drill program at Todd Creek Property in the Golden Triangle in northwestern British Columbia. The Todd Creek 2020 exploration drill program has a total of three holes of 1,027 meters and over 1.8 meters to meet up to 4.19% copper. The three drill holes target structurally controlled copper mineralization in large zones of intense QSP (quartz + sericite + pyrite) change. Two of the three holes combine important copper ore with silver and gold. (See Table 1 for drill results.) Drilling demonstrated that the mineralization detected on the surface was hosted in veins, which are well defined and deeply open, while the copper and gold grades improve with depth. Selected drill results include: * Whole TC-002 (Yellow Bowl Zone) interval grading of 8.8 m 0.53% copper, 0.01 g / t gold within 1.2 m 1.48% copper, 0.04 g / t gold and 30.62 g / t silver. And 10.63 g / t silver; And * Whole TC-002 (Yellow Bowl Zone) 3.3 m interval grading 3.03% copper, 0.20 g / t gold and less than 1.15 m 4.19% copper, 0.19 g / t gold and 4.90 g / t silver. Plan maps and drill hole sections of the Todd Creek 2020 exploration drill program are available at www.p2gold.com. Todd Creek Property covers an area of ​​32,000 hectares and is located within the Golden Triangle, approximately 35 km northeast of Stewart, BC. The western part of the Todd Creek property consists of modified lower Jurassic volcanic rocks in a 12 km 3 km corridor, containing at least five zones of gold-copper mineralization, including the Yellow Bowl and the VMS Zones, the 2020 Exploration Drill Objectives program and the historic Fall Creek, Ice Creek and Southern Zones. Known zones of mineralization at Todd Creek Property, east of Pritium Resources Inc.’s bowser suits, appear in the same stratigraphy that hosts nearby Brucezac, Snowfield and Goldstorm deposits. Both yellow and Bowl and VMS zones are covered by a mafic unit consisting of basalt streams and volcanic claustrophobes that transcend interbedded riolite and andesitic volcanoes. Zones are characterized by intense QSP change surrounded by chlorite change, which is believed to be related to the porphyry system at depth. To this day the best defined quartz / carbonate veins in mineralization include chalcopyrite, pyrite and locally sporlite. These veins converge in the upper mafia unit and show a strong change of wall rock and grades improve with depth. The relationship is expected to go deeper, with veins being cut by the underlying onsite / riolite volcanoes, and experience has shown that Fall Creek, Ice Creek and the South Zones are the best host rocks ever seen anywhere else on the property. The whole district. A 2021 exploration program is planned at Todd Creek. The program is expected to include additional prospecting, mapping, ground geophysics and drilling. Table 1: Selected Todd Creek Property Drill Results, November 2020 (TC-001 to TC-003) (1, 2) Whole Collar CordsDip / AzimuthFrom (m.10.812.01.21.480.0430.62 69.076.77.70.350.045.03 340.7344.13.33.030.207.15 incl.340.7342.51.84.190.194.90 TC-0036228377N 452559E-45 / 4570.850 .000.051.79 (1) The actual thickness to be determined. (2) All samples at its facilities on the terrace in BC MSL and MSA All samples were analyzed using fire assay with multi-digestion with ICP end and AA end for gold with gold. The fire was tested with a gravimetric finish.One of the 20 samples was blank, one of the 20 was a standard sample, and one of the 20 samples was a field duplicate at MSALEBS in Langley, BC. Cut the cut sample from the tested ones. Quality Assurance Amanda Tuck, P. Geo is the person responsible for Todd Creek Property and has reviewed, verified, and approved the scientific and technical information in this news release. About P2 Gold Inc. P2 is a mineral exploration and development company focused on developing innovations and acquisitions of precious metals in the Pacific Northwest. For more information, please contact: P2 Gold Inc. www.p2gold.com Joseph Ovsenk President, CEO and Chairman [email protected] Tel: +1 (604) 558- 5167 Chris Hopkins, CFO [email protected] Tel: +1 (416) 786-9793 Forward looking information e The press release contains “forward-looking information” in the sense of the applicable security laws, which are intended to be covered by the created secure ports. “Forward-looking information” contains statements that use forward-looking terminology such as “may”, “will”, “expect”, “ntic”, “belief”, “continue”, “potential” or its negative. f or other variations or comparable terminology. The forward looking information includes company plans, strategies and plans for the Todd Creek property, including company plans and exploration activities. The information we look forward to is not a guarantee for future performance and it is based on a number of expectations and estimates of management at the date of the announcements. In addition, such forward-looking information includes a variety of known and unknown risks, uncertainties, and other factors, such as the company’s actual plans, intentions, activities, results, performance or successes, future plans, intentions, activities, results, performance, or such forward-looking information Achievements expressed or indicated by. For a discussion of these risks, see “Risk Factors” in the Company Annual Information Form dated October 21, 2020, filed with SEDAR at www.sedar.com. The company warns that there is no guarantee that the information ahead will prove otherwise. Accurate, actual results and future events are different from what ntic holds in such information. Accordingly, investors should not rely unnecessarily on the information they are looking forward to. The Company shall not be liable to publicly release any amendments to the forward-looking information contained in this press release to reflect events or circumstances after the date, except by law. The TSX Venture Exchange or its regulatory services provider (as the term is defined in the policies of the TSX Venture Exchange) assumes responsibility for the efficiency or accuracy of this release.

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