November 17, 2020

Toronto, Ontario–(Newsfile Corp. – November 17, 2020) – GoldSpot Discoveries Corp. (TSXV: SPOT) (“GoldSpot” or the “Company”) is pleased to announce it has been engaged by a private mining company based in Spain to create prospectivity maps and 3-D targets for copper and polymetallic ore on the Iberian Pyrite Belt in Spain’s southwestern region of Andalusia.

The objective of GoldSpot’s engagement will be to assist with exploration targeting on both a regional and local scale. GoldSpot will process, integrate and interpret exploration drilling data in and around prospective areas using its proprietary combination of geoscience, data analytics and artificial intelligence algorithms. The work program will include: data QA/QC and compilation; geochemical interpretations; geophysical inversions; 3D data treatment and modeling; geometallurgical optimization; and data science augmented target generation, using machine learning outputs vetted by GoldSpot’s geoscience experts.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) is a technology services company in mineral exploration. GoldSpot is 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.

Denis Laviolette
Executive Chairman and President
GoldSpot Discoveries Corp.

Tel: 647-992-9837
Email: denis@goldspot.ca

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.