January 13, 2021

Toronto, Ontario–(Newsfile Corp. – January 11, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (the “Company” or “GoldSpot”) is pleased to announce the deployment of its proprietary inversion process, MinusOne, on Northstar Gold Corp. Miller Gold project. This inversion along with machine learning work has aided Northstar to identify known lithologies (see Northstar press release).

“Geophysical data is one of the most utilized datasets in the exploration industry. It was a natural evolution for GoldSpot to develop its own inversion tool,” remarked Denis Laviolette, Executive Chairman and President of GoldSpot Discoveries. “At GoldSpot, we believe geophysical data should be used differently to help generate targets, and inversion is an incredible way geophysical data can create value. Our MinusOne platform allows us to invert gravity and magnetic in a constrained and unconstrained way.”

MinusOne, GoldSpot’s inversion technology, will invert geophysical data using a deterministic and stochastic inversion methods. With this technology, GoldSpot’s team also applies a stochastic clustering method to provide probabilistic framework that helps to analyze uncertainty. MinusOne is one of the latest inventions from GoldSpot’s Research and Development team, who routinely bring cutting-edge computer science and mathematical methods to solve practical exploration problems.

Given its ability to help solve geological problems, GoldSpot anticipates the commercialization of MinusOne as a potential additional revenue stream.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) is a technology services company in mineral exploration. We are a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves times, reduces costs and provides accurate results.

For further information please contact:

Denis Laviolette,
Executive Chairman and President
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: denis@goldspot.ca