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Ready Set Gold Arranges Early Repayment of USD $1.26 Million Due from Dreamfields Brands and Announces Peter Simeon to Board of Directors

Ready Set Gold Corp. (CSE: RDY) (FSE: 0MZ) (OTC Pink: RDYFF) ("Ready Set Gold" or the "Company") is pleased to announce that the Company has successfully negotiated the early repayment of a convertible debt owned to the Company by Dreamfields Brands Inc. The note had originally been issued by Ready Set Gold's predecessor company Omni Commerce Corp. in August of 2019 and remained as debt outstanding to the Company post change of business. The debt will be settled in 6 payments beginning in June 2021 and with the final payment being received in late October 2021.

In addition, Ready Set Gold is pleased to announce the appointment of Mr. Peter Simeon to the Board of Directors effective immediately. Mr. Simeon has over 18 years of experience as a lawyer focused on securities, corporate finance, and mergers and acquisitions. Since February 2015, he has been a partner at Gowling WLG (Canada) LLP and has extensive experience in corporate, commercial and securities law. Prior to 2015, he was a partner at a boutique corporate law firm in Toronto. Mr. Simeon has a Bachelor of Arts from Queen's University and a law degree from Osgoode Hall at York University. Mr. Simeon acts as an independent director for several publicly traded companies in Canada.

Mr. Simeon has been granted 200,000 incentive stock options for five years at a price of 25 cents. The options will be equally vested quarterly over one year from grant date. The stock options are subject to the acceptance of the Canadian Securities Exchange.

"We are very happy to have reached this agreement with Dreamfields Brands. The funds received will be applied to the exploration of our Ontario gold exploration projects and for working capital purposes. As per the nature of the transaction, this USD $1.26 million funds will be for the benefit of our shareholders while being non dilutive to the capital structure. We thank the management of Dreamfields Brands for working with us closely to come to a mutually beneficial agreement," said Christian Scovenna, CEO & Board member of Ready Set Gold.

Ready Set Gold also announces the resignations of Jason Jessup and John Veltheer from the Board of Directors. The Company sincerely wishes to thank both John and Jason for their valuable contributions to advance the Company since its inception and wish them well in all their current and future ventures.

About Ready Set Gold Corporation

Ready Set Gold Corp. is a precious metals exploration company listed on the Canadian Securities Exchange under symbol RDY and the Boerse Frankfurt Exchange as 0MZ. The Company has consolidated and now owns a 100% interest in the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The Company also owns a 100% interest in two separate claim blocks totaling 4,453 hectares known as the Hemlo Eastern Flanks Project. The Company also holds an option to acquire a 100% undivided interest in a continuous claim block totaling 1,634 hectares comprising the Emmons Peak Project located 50 km south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

On Behalf of the Board of Directors,

Ready Set Gold Corporation

"Christian Scovenna"

Chief Executive Officer & Director

Email: info@readysetgoldcorp.com
CEO Direct Line: +1 (416) 453-4708

For further information please contact:

Investor Relations

Sean Kingsley - Vice President, Corporate Communications

Email: skingsley@readysetgoldcorp.com
Tel: +1 (604) 440-8474

www.readysetgoldcorp.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87444

News Provided by Newsfile via QuoteMedia

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Ready Set Gold

Ready Set Gold

Overview

Ready Set Gold Corp. (CSE:RDY) is a Canadian gold exploration company that operates within mining-friendly and safe jurisdictions in Ontario. Ready Set Gold is currently pursuing high-grade gold projects within the province’s greenstone belts. Ready Set Gold’s fully owned Northshore project has a National Instrument 43-101 resource that indicates a total of 1.2 million ounces of gold. The Property is 771 contiguous hectares and comprises 229 hectares of patented claims and 542 hectares of unpatented claims. The Northshore property is located within the prolific Hemlo-Schreiber greenstone belt, approximately 5 kilometers south of the town of Schreiber, Ontario. In 2019 alone, Ontario produced 73,733 kilograms of gold.

The Northshore property is located 70 kilometers west of Barrick Gold’s (TSX:ABX,NYSE:GOLD) world-class Hemlo deposit, which has produced 21 million ounces of the precious metal. Northshore’s other neighbors include several established gold mines, such as Alamos Gold’s (TSX:AGI,NYSE:AGI) Island gold mine and Wesdome Gold Mines’ (TSX:WDO) Eagle River mine. Ready Set Gold aims to follow in the footsteps of these companies by targeting high-grade mineralization in the surrounding area.

The company owns two other projects located within major Ontario greenstone belts. Similar to the company’s Northshore property, the Hemlo Eastern Flanks and Emmons Peak projects benefit from exceptional infrastructure, abundant local services and exceptional access via provincial highways. The Hemlo Eastern Flanks property is 100-percent-owned and includes 4,456 hectares of highly prospective areas within the prolific Hemlo Gold District. The Emmons Peak property is part of a large greenstone bet that hosts more than 1 million ounces of gold deposits.

The management team at Ready Set Gold is led by seasoned mining professionals with extensive technical and capital markets expertise. Collectively, they have raised upwards of US$1 billion and delivered a number of successful exits for shareholders. Christian Scovenna, the CEO and director of Ready Set Gold, is a successful C-Suite executive with more than 13 years of capital market experience. Craig Fitchett, the senior geologist, offers more than a decade of experience in gold exploration, having held high-level positions at Wallbridge Mining (TSX:WM) and Detour Gold (TSX:DGC).

Ready Set Gold’s Company Highlights

  • Ready Set Gold is focusing on significant exploration upside at its 100 percent owned Northshore gold project
  • High-grade results at Northshore include 12.49 g/t gold over 33.2 m and 4.35 g/t over 14.6 m at the Afric Zone, highlighting the potential for resource expansion and development
  • The Northshore property is located within the Hemlo-Schreiber greenstone belt, one of the world’s most prolific greenstone belts
  • The company’s projects are hosted in the mining-friendly province of Ontario, which ranked second among all Canadian provinces in terms of mining attractiveness
  • Ready Set Gold’s pipeline of projects offers exploration upside
  • The properties are easily accessible via the Trans-Canada Highway and are directly linked through roadways, promoting access to local services
  • The company’s management team offers decades of industry experience, including an extensive track record of success
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