Stockworks Gold begins exploration at Pirenopolis

Mr. Nasim Tyab reports STOCKWORKS GOLD INC. ANNOUNCES COMMENCEMENT OF EXPLORATION AT THE PIRENOPOLIS GOLD PROJECT, BRAZIL Stockworks Gold Inc. has commenced its inaugural exploration program on the 100-per-cent-owned Pirenopolis gold project located in the mining-friendly state of Goias, Brazil. Stockworks has commissioned a high-resolution, low-level drone airborne magnetic (mag) survey. This detailed survey will replace the existing high-level, wide-line-spaced regional government airborne data and provide detailed resolution, which will be instrumental in moving the project forward. The interpreted results of the drone mag survey will be combined with the assay results of the coming geochemical survey program, which will include stream, soil and rock sampling. The company anticipates using the combined geodata set to determine areas on the property for detailed evaluation and potential drilling. The Pirenopolis gold project is an early-stage project encompassing two parallel stream catchments containing highly anomalous gold in sediment samples. In addition to highly anomalous stream sediment BLEG (bulk leach extractable gold) samples assaying 4.7 parts per million gold and 3.9 ppm gold, a quartz vein float boulder sampled in the stream bed load assayed 0.8 gram per tonne gold. Furthermore, government airborne geophysics shows an interpreted large-scale regional magnetic structural break cutting across the property upstream from the anomalous samples. The region experienced a placer gold rush in the 1700s and 1800s; however, the hard-rock sources of the surrounding rivers' alluvial gold have never been located. The property occurs in the same geological belt as the Paracatu gold mine, also located in Brazil, which is Kinross Gold Corp.'s largest operation globally. The Pirenopolis gold project is interpreted as an orogenic gold target with features similar to Paracatu, such as being in the same geological rocks and having regional tectonic structures transecting the property as observed in airborne geophysics. Stockworks management, alongside with its in-country consulting team, recently visited the property. Expectations were exceeded on all fronts. The property area is cattle grazing farmland with nearby quartzite quarries and in excellent infrastructure within the power grid and is accessible by light truck or SUV (sport utility vehicle) by a vast series of roads. Goias, being the third-largest mining state in Brazil, has a number of operating gold mines such as Serra Grande by Anglo Ashanti, Chapada (copper/gold) by Lundin Mining and Pilar Gold's PGDM complex, which consists of four mines. The company sees this opportunity as an opportunistic low-cost entry point to the country of Brazil, a nation of vast mineral wealth. Nasim Tyab, chief executive officer, commented: "Launching the airborne magnetics and geochemical programs at Pirenopolis allows us to integrate high-resolution geodata with promising early sampling results. This next phase is about unlocking the property's geological potential through modern exploration methods in an area that had a district-scale gold rush, between the mid-1700s and late 1800s, before mechanized mining methods were introduced. We find this exciting as there has not yet been an economic bedrock source identified for the significant placer gold that propelled the gold rush." Qualified person statement Technical information in this news release has been reviewed and approved by David Kelsch, PGeo, president, chief operating officer and director, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Stockworks Gold Inc. Stockworks is a publicly traded junior mining company that trades on the TSX Venture Exchange under the symbol STW. The company is currently focused on its early-stage Pirenopolis gold project in Brazil. Stockworks has additional gold assets, including the Cabin Lake project in the Northwest Territories, which has had several successful drill campaigns. We seek Safe Harbor.