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Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634-FF): Controls the Largest Land Package, with Seven Exceptional Gold Projects in Newfoundland, CA.; Michael Collins, CEO Interviewed.

on 4/11/2021
At PDAC 2021, we spoke with Michael Collins, the CEO of Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634-FF), a Canadian mineral exploration Company that controls the largest land package in Newfoundland, Canada. The Company holds 100% interest in seven known, exceptional gold projects, including the Jonathan’s Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend and Gazeebow projects, all located within the underexplored Exploits Subzone. We learned from Mr. Collins that they have a growing list of exceptionally good targets, and they have completed financing and have applied for permits for their spring/summer exploration drilling program, which is scheduled to begin in May. Mr. Collins believes that Exploits is primed for discovery in Central Newfoundland.

Exploits Discovery Corp.

Dr. Allen Alper: This is Dr. Allen Alper, Editor in Chief of Metals News, interviewing Michael Collins, who presented at the PDAC 2021 and is CEO of Exploits Discovery Corp. Michael, could you give our readers/investors an overview of your Company? I know you're in a great location, Newfoundland, where there is a big gold rush now and where you have an extensive land package. But could you give us an overview of what differentiates your Company from others. Michael Collins: All right. Thanks very much for interviewing me today for Metals News, Al. I appreciate everyone, who is listening to this or reading our subsequent interview. Exploits is a relatively young company, which was put together mid-summer last year, with a number of claims and land packages, to become the largest land holder in the Exploits Subzone Gold Belt in Central Newfoundland. Within that, in the last six months, we have managed to delineate five high-priority drill targets and we are expanding that list almost on a daily basis.

We have applied for drill permits on this project. I believe we have two of them in hand and we are expecting three more very shortly. We just raised $4 million, which will line us up for 10,000 to 12,000 meters of drilling this Spring and Summer, starting in May. We are really primed for discovery in Central Newfoundland, where gold bearing fluids have migrated up large scale, deep seated regional faults, like the Appleton Fault. With over 50 kilometers of strike length of the Appleton Fault on our ground, which is also home to the Keats and Lotto Zone at New Found Gold Queensway North Project, we have some great targets, like the Quinlan Veins and Duder Lake.

We have another 150 kilometers of similar regional scale, deep seated structures like the Dog Bay Line, the Schooner Fault, the Joe Batts Pond Fault and the Grub Line, that are a focus for development of these epizonal gold deposits that we are seeing at Keats Zone and other places. We have some high-grade visible gold mineralization at Jonathan's Pond, the Quinlan Veins and Little Joanna, grades up to 194 grams an outcrop, so some pretty spectacular targets, within this epizonal model and this regional deep seating, faulting fluid flow regime. I think that's probably a pretty good overview.

Dr. Allen Alper: Thank you, that sounds great. What are your primary goals for 2021?

Michael Collins: Our targets in 2021 are to get drills turning and test some of our high priority targets and hopefully make some discoveries while continuing to develop additional targets. We have done a pretty good job of getting our story out to the public, but we are also focused on building market awareness and making sure we are well valued as we continue to develop our story.

Dr. Allen Alper: That sounds excellent. Could you tell our readers/investors a little bit about your background, your Team and I know you have a strong Advisory Board too. So, give us a little background of yourself, your Board, your Team and go from there.

Michael Collins: Myself, I'm a geologist by trade. I've worked in exploration and development over the years. I was part of the Goldcorp team that put the Red Lake Mine into production in 2000. I worked in exploration in a lot of different places in the world, in South America, Mongolia, a little bit in Australia, Sweden. I covered a lot of ground. I also ran an engineering office for five years, so I have a depth of experience in understanding feasibility, understanding mine planning and building operations and optimizing operations. So, well-rounded on that front!

Our Executive Team, at Exploits, has solid depth in orogenic gold. We have people like our VP of Exploration, Ian Herbranson, a very sharp Cracker Jack guy, we managed to get from Balmoral prior to our Company. But he's worked in a number of other places. We are building that out, with local geologists in Newfoundland, as well as top notch Prospectors and Field Managers. The key part of our team is our relationship with GoldSpot Discoveries. They came in on our previous financing.

As part of that, they also contracted to work with us. Their information and understanding; having been the founding partners, as well, for New Found Gold in exploration in Queensway, has delivered dividends for us. Through our collaboration with Goldspot, we have gained about three years' experience in the camp, which has really turbocharged our exploration program and given us insight and information that we wouldn't have, without them onboard. We've been very pleased with that experience.

Our Advisory Board is made up of a number of senior individuals. David Groves is probably one of the premiere experts on orogenic gold, which is what we're looking for here. We have a number of other individuals, who have a depth of Newfoundland experience; people like David Gower, some Cracker Jack explorationists like Andrew Lee Smith; a great team, well rounded, a depth of people in Providence as well as globally. It puts us in a good position for identifying targets, spending money wisely and making discoveries.

Dr. Allen Alper: Well, you and your team are very experienced, a very strong team, and well prepared to move Exploits Discovery forward. That's great! Michael, could you tell our readers/investors a little about your share and capital structure? I know you have some rather strong strategic investors backing you up.

Michael Collins: Yes, we have about 74 million shares issued and outstanding right now. One of our key partners is New Found Gold, who holds an 8.6% interest. We did a deal with them, in the fall of 2020, to secure the Southern half of the Jonathan's Pond Project, something that we have been working on and really focusing on as a high priority target. We felt that we needed to have the whole land package together, so we were able to cut a deal with them. They got 9.9% of our Company in the deal, but we got 100% of a great target.

Another key significant shareholder, at this point, would be Crest Resources, they hold about 20.6% of our stock and they are a big holder and supporter. I'm also CEO at Crest, full disclosure on that. They are a long-term focused holder of the Company as well.

Dr. Allen Alper: Well, that's very impressive. I'm very impressed with how much you and your team have accomplished, in such a short period of time. I think you should all be congratulated.

Michael Collins: I do appreciate that. We are focused on providing value for our shareholders and getting drills turning to make discoveries. We do not get paid for talking, so we are working hard to get drills turning and make discoveries.

Dr. Allen Alper: That's great. Could you tell our readers/investors the primary reasons they should consider investing in Exploits Discovery Corp.?

Michael Collins: The primary reason would be the target potential, within our land package. Right now, we have five targets, but we're flying a VTEM Airborne survey, at the moment, that is providing great resolution on our package. We have over 200 kilometers of these deep-seated structures. We are nailing down specific zones to focus on. And I think that really is the opportunity. There are other companies that have great land in Central Newfoundland and the Exploits Subzone gold belt, but they don't have as many “kicks at the can” as we do.

I think we are really a special case to have so many opportunities to make discoveries. It's not that we have two or three targets here and when we're done, we're done. No! There are a great many opportunities there to keep generating more targets. In fact, we intend to bring in joint-venture partners to work on some of our ground to leverage our presence in the camp and get other people spending money and not diluting our shareholders.

Dr. Allen Alper: That sounds excellent. Is there anything else that you'd like to add Michael?

Michael Collins: I think it is going to be a really busy spring. We have a drill lined up and hope to be turning there early May! We are excited about that! That is what everybody wants to see, drills turning and results coming out! So, it is going to be an exciting year for us. It's something to stay tuned and keep an eye on.

Dr. Allen Alper: That sounds great. We’ll publish your press releases, as they come out, so our readers/investors can follow your progress.

Michael Collins, CEO
Tel: (604) 681-3170

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