Cascabel Exploration Update

April 17, 2018

April 17, 2018 - 2:25 AM EDT

Cascabel Exploration Update

Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the drilling programs at Alpala and Aguinaga, at the Company’s Cascabel project in Northern Ecuador.

HIGHLIGHTS:

Drilling at Alpala continues to extend the high-grade mineralisation (which is expected to also extend the high grade resource) along the southwestern margin of the Alpala Central Deposit, as indicated by Hole 42, from which partial assay results have thus far returned 846m @ 1.02 % CuEq, including 504m @ 1.28 % CuEq, both open at depth and awaiting remaining assay results.

Infill drilling within the high-grade core of the Alpala Central Deposit is expected to significantly increase the high-grade resource tonnage, as shown by Hole 43 (974m @ 0.71% CuEq, including 478m @ 1.02% CuEq), and Hole 41-D1, which has thus far intersected approximately 688m of visible chalcopyrite mineralisation from 1003.8m depth (drilling continues and assay results pending).

Extension drilling at Alpala Northwest continues to intersect strongly mineralised extensions, as indicated by Hole 37 (842m @ 0.44% CuEq), and Hole 37-D1, which has thus far intersected approximately 450.3m of abundant visible chalcopyrite mineralisation from 1309.4m depth (drilling continues).

Trivinio drill testing scheduled to commence within a week.

Aguinaga first drill hole (AGD-18-001) confirms the potential for second large porphyry deposit, having intersected approximately 373.4m of porphyry style veining and visible chalcopyrite and mineralisation from 295.3m depth.