VanGold Closes $16,950,000 Private Placement ~ Welcomes New Shareholders Eric Sprott and VBS ~ ~ Anticipates Endeavour Silver Corp. Becoming Largest Shareholder ~

Vangold 100321

March 10, 2021 – Vancouver, British Columbia – VanGold Mining Corp (the “Company” or “VanGold”) (TSXV:VGLD) is pleased to announce it has closed its non-brokered private placement of units (“Units”) at a price of $0.30 per Unit announced December 23, 2020 (the “Private Placement”) and expanded on January 19, 2021, January 25, 2021, and February 17, 2021. The Company has issued a total of 56,500,000 Units for gross proceeds of $16,950,000 with each Unit consisting of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.45 within three years of closing, subject to acceleration in certain events.

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