JOINT VENTURE FINALIZED SSR 80% TAIGA 20%

CRANBROOK, BC / ACCESSWIRE / January 5, 2021 / Taiga Gold Corp. (CSE:TGC) ("Taiga") has received an earn-in notice from partner SSR Mining Inc. ("SSR Mining") (SSRM) (SSRM) that it has satisfied its commitments and has exercised the second option earn-in for an 80% aggregate interest in the Fisher Project (the "Fisher Property" or the "Property") pursuant to the Option Agreement (the "Agreement"). In accordance with the Agreement, SSR Mining has recently made a cash payment of CDN$3,000,000 to Taiga, completed over CDN$4,000,000 in exploration expenditures, reimbursed CDN$400,000 for initial exploration work and previously made an additional CDN$400,000 in cash payments to Taiga and predecessor Eagle Plains Resources Ltd. (TSX-V:"EPL") ("Eagle Plains") (for total payments to Taiga/Eagle Plains of CDN $3,800,000). A joint venture comprised of SSR Mining (80%) and Taiga (20%) has now been formed (the "Fisher JV"). Taiga retains a 2.5% net smelter return ("NSR") on the majority of lands that comprise the Fisher Property, with remaining areas of the property subject to certain underlying third-party royalty agreements. Taiga is entitled to receive CDN$100,000 annual advance royalty payment from the Fisher JV. Details of the original Agreement are provided below.

The 34,000 ha Fisher Property is located within the Trans Hudson Corridor approximately 125km northeast of La Ronge, Saskatchewan and is contiguous to the north, south and east with SSR Mining's Seabee Gold Operation. Since optioning the property in 2016, SSR Mining has completed extensive systematic exploration including prospecting, soil geochemical sampling, detailed geological mapping, geophysical surveys and completed a total of 34,641m (113,622') of drilling in 87 holes for expenditures totalling over CDN$12,000,000.