Angel Gold Postpones the Release of Its Annual Financial Statements and Related Disclosure Due to COVID-19 Related Delays

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News Release

ANGEL GOLD POSTPONES THE RELEASE OF ITS ANNUAL FINANCIAL STATEMENTS AND RELATED DISCLOSURE DUE TO COVID-19 RELATED DELAYS

Vancouver, British Columbia – April 27, 2020 - Angel Gold Corp. (TSX-V: ANG - OTCQX: ANGCF) announces that, due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided by BC Instrument 51-515 issued by the British Columbia Securities Commission on March 23, 2020 to postpone the filing of the following continuous disclosure documents (collectively the “Documents”):

• The Company’s Annual Audited Financial Statements for the twelve-month period ended December 31, 2019; and
• The Company’s Management Discussion & Analysis for the twelve-month period ended December 31, 2019.

Recent events pertaining to COVID-19 have impacted the Company, its service providers and its directors' ability to rely on timely information and meet to approve its financial statements and management's discussion and analysis.

According to the BC instrument, during the period from March 23, 2020, to June 1, 2020, a person or company required to make certain filings as described in the BC instrument has an additional 45 days from the deadline otherwise applicable under Ontario securities laws to make the filing.

Until the Company has filed and announced the required financial statements, management's discussion and analysis and annual information form, members of the Company’s management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207. The Company expects to file the Documents within 30 days.

There have been no updates on material business developments since the filing of the Company’s interim financial reports.

About Angel Gold Corp.:

Angel is a Canada-based gold and silver exploration company focused on responsible development of mineral resources in Colombia, host to several significant gold deposits. Angel’s flagship project the El Porvenir is located at less than 2 km from Segovia project of Gran Colombia, the El Pino West Project is adjacent to the Gramalote project of B2Gold and Anglo Gold Ashanti JV and its Heliconia project is located north of the Titiribí district along the Cauca fault system.

Angel has been focused on acquiring and validating strategic mineral exploration opportunities in Colombia’s most developed mining districts with the highest potential for new discoveries.

On Behalf of the Board of Directors of Angel Gold Corp

Blanca Stella Frias, Director President and Chief Executive Officer

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.

For investor relations, please contact:

Stella Frias +1 (360) 201 9609

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.