news outNEWS RELEASE PELANGIO RECEIVES FINAL RESULTS OF GRENFELL PROGRAM AND PREPARES DRILL PROGRAM TO FOLLOW UP ON RECENT HIGH-GRADE ZONE INTERCEPTS TORONTO, Ontario (March 9, 2020) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) has received assay results from holes JS2001 to JS2003, the final three holes of its eight-hole drill program completed on its Grenfell Property, located 10 kilometers from Kirkland Lake’s Macassa Mine, Ontario. (See Map 1) Ingrid Hibbard, President and CEO of Pelangio commented; “We are pleased with our initial results which returned 314 g/t Au over 1.74 meters (uncut) in hole JS2005 as well as broad zones of near surface mineralization which returned 2.5 g/t Au over 26 meters in hole JS2004, although only sporadic gold intercepts were noted in holes JS2001 to JS2003. Further follow up of this very prospective zone, at depth and along strike, will be undertaken in the near future.” Discussion of Recent Drill Program The Grenfell property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometers and is located 10 kilometers northwest of the Town of Kirkland Lake Ontario. The recent drill program consisted of eight holes which evaluated two separate targets; the No.1/No.6 Vein/Structure in the vicinity of the historical shaft and the SW Zone. Six drill holes, JS2001 to JS2006 were drilled in the vicinity of the historical surface workings and shaft and two holes on the SW Zone (see Maps 2 and 3). Hole JS2001 to JS2003 and JS2004 to JS2006 were drilled as fans from two separate drill pads to test two transverse striking veins / structures designated in historical reports as the No.6 and No.1 Veins. (see Map 2 and 3) Initial results to date on the No.6 Vein/Structure in holes JS2004 to JS2005 have confirmed the presence of broad near surface gold bearing zones associated with shorter intercepts of high-grade gold mineralization. Holes JS2001 to JS2003 intersected narrow sporadic intercepts of gold mineralization to the northwest of the JS2004 to JS2006 drill section. (see tables below) Gold mineralization to date is associated with the hanging wall of a fault and diorite intrusive unit within the fault or proximal to it. The diorite intrusive is thought to represent the centre of the No.6 Vein/Structure referred to in historical reports. At this time, the extent and shape of the gold bearing zone at depth and along strike is not well understood as a result of very limited and shallow drilling. Further drilling is required to determine the extent of mineralization along strike and at depth. Particular attention will be paid to the potential in the southeast where a single surface hole in 2013 on the No. 6 Vein/Structure returned a high-grade intercept of 19.5 g/t gold over one meter in association with a broad strongly anomalous zone over 10 meters. (Reference: SGX Drill Report by J.K.Filo, 2013) Pelangio Exploration Inc. News Release – March 9, 2020 As reported previously, no significant mineralization was intersected in holes JS2007 and JS2008 which were drilled to further evaluate a historical intercept on the SW zone (see Map 3). All pertinent drill hole location data and significant assay data from the holes to date are presented in the accompanying Tables A and B. TABLE A: DRILL HOLE LOCATION DATA HOLE NO. EASTING NORTHING AZIMUTH DIP (Degrees) LENGTH (m) JS2001 560297 5336213 200 degrees -45 60.00 JS2002 560297 5336213 200 degrees -60 81.00 JS2003 560297 5336213 200 degrees -70 101.75 JS2004 560318 5336214 198 degrees -47 60.00 JS2005 560318 5336214 198 degrees -60 125.50 JS2006 560318 5336214 198 degrees -70 53.50 JS2007 559992 5336066 135 degrees -45 90.00 JS2008 559992 5336066 135 degrees -55 113.85 TABLE B: SIGNIFICANT ASSAY INTERCEPTS HOLE NO. FROM TO METERS G/T Au G/T AU (CUT) G/T Au (UNCUT) JS2001 31.50 34.00 2.50 0.937 includes 33.00 34.00 1.00 1.60 JS2001 54.50 55.00 0.50 2.45 58.50 59.50 1.00 1.05 JS2002 53.00 54.00 1.00 1.03 56.00 56.85 0.85 1.56 63.00 64.50 1.50 1.82 JS2003 57.00 58.50 1.50 1.06 **JS2004 14.00 15.00 1.00 3.73 **JS2004 19.00 45.00 26.00 2.50 includes 26.00 45.00 19.00 3.18 29.00 45.00 16.00 3.23 37.50 45.00 7.50 4.81 37.50 40.50 3.00 9.39 **JS2005 33.00 59.00 26.00 1.32 33.00 59.00 26.00 21.80 Includes 36.26 38.00 1.74 7.95 36.26 38.00 1.74 314.00 includes 36.26 36.56 0.30 1810.00 **JS006 36.00 37.50 1.50 1.09 45.83 46.15 0.32 26.50 **JS007 NSV **JS008 NSV Pelangio Exploration Inc. News Release – March 9, 2020 Notes: i)**Denotes intervals reported in previous press release March 1, 2020. ii) Intervals shown as cut with high-grade assays over 34.28571 g/t Au were cut to 34.28571 g/t Au. iii) All intervals shown in the accompanying tables are core lengths as the estimated true width of the zone cannot be determined at this time. Future Plans for Grenfell Further drilling will be conducted on the No.6 Vein/Structure to further evaluate the broad zones of mineralization and high-grade intercepts at depth and along strike to better define the extent of this zone. The Company will also consider some drilling to evaluate a similar parallel gold bearing northwesterly trending historical structure know as the Shea Vein approximately 200 meters southwest of the No 6 Vein/Structure. (Map 4) Further drilling is being considered for the No.1 vein as well above and below the 250-foot level workings which returned 0.2 oz/ton gold across a width of 3 feet for a strike length of 180 feet in a development drive on the 250 level (J. Londry, P.Eng., “Report on the John Sirola Property, Grenfell Township, 1985”)(see Map 4). In addition,significant geophysical anomalies, some with coincident geochemical anomalies, rem