Leviathan Gold Ltd. reported that further to its press releases of October 7 and 13 in respect to the launch of drilling at the historic Leviathan Mine, results have been received for all eight diamond holes completed during the initial phase of work at the property. The most prominent intervals to be returned by this program include 7.10 meters at 3.05 g/t from 232 meters in hole 21LEV002, 4.20 meters at 4.75 g/t from 241 meters in hole 21LEV004, 2.77 meters at 18.86 g/t from 335.13 meters in hole 21LEV005, and 3.24 meters at 6.91 g/t from 224.5 meters in hole 21LEV006. All eight holes of the program were designed with the objective of defining extensions to known mineralization in the historic Leviathan Mine and importantly, where completed1, all holes encountered mineralization on target, thereby corroborating the recent modelling work of the Leviathan geological team.

In particular, the reported intervals in holes 21LEV002, 21LEV004 and 21LEV006 – which were collared approximately fifty meters from one another at similar, parallel azimuths perpendicular to the strike of historically mined ore-shoots - demonstrate mineralized continuity between one another as well as with the former ore-shoots themselves. This suggests the potential for further mineralized shoots. Additional drilling will be required to further explore these features along strike and to depth, and to seek related and parallel mineralized structures.

The reported interval in hole 21LEV005 demonstrates the potential for unexplored and undeveloped mineralization at depth within and beneath the historic Leviathan Mine. Recorded historic production for the Leviathan Mine - itself an amalgam of closely adjacent shafts and underground workings understood to have been abandoned in 1905 - is 181,000 tonnes for 67,511 ounces of gold at a grade of 11.4 g/t Au. Compilation and review of historic mining records and plans together with modern field work by Leviathan's geological team suggests that gold mineralization at the historic Leviathan Mine is open along strike and at depth - presenting clear drill targets immediately beneath abandoned mine workings, including areas with underground development drives that were never fully exploited.

These targets occur from depths as shallow as ~70 meters.