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Visible Gold Mines Acquires 100% Stake in the Doda South Gold Property

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ROUYN-NORANDA, QC, July 17, 2020 /CNW Telbec/ -A Visible Gold Mines Inc. (TSXVA :VGD) (FRANKFURT:3V41)A is pleased to announce that it has entered into a purchase agreement (theA "Purchase Agreement") with two prospectors (the "Vendors") to acquire a 100% ownership interest in the 25 mining claims comprising the Doda South gold property (the "Doda South Property"), which is covering approximately 1,400 hectares (14A km2). The Doda South Property is located five kilometres north of the recently acquired Horsefly property and approximately 40A kilometres south of the town of Chapais in the province of QuA©bec.The Doda South property is centrally located within a highly prospective area of the Chapais - Chibougamau gold-copper camp, an area currently experiencing extensive mineral exploration. The Doda South Property is strategically located over anastomosing regional structures associated with recent gold mineralization discoveries the most recent one being on the Nelligan property held by Vanstar and IAMGOLD Corporation located east of the Doda South Property (see Vanstar's press releases dated May 30, 2019, January 10, 2019 and November 16, 2018). Reader should note that mineralization hosted on adjacent and nearby properties and operations is not necessarily indicative of mineralization hosted on the Doda South property to be acquired by Visible Gold Mines.In addition, these same anastomosing regional structures over which the Doda South A Property occurs host several gold mines and deposits which include the: Lac Short Mine and Fenton Deposit to the west, the Joe Mann Mine and Philibert Deposit to the east and the Chevrier Deposit to the northeast. Reader should note that mineralization hosted on adjacent and nearby properties and operations is not necessarily indicative of mineralization hosted on the Doda South property to be acquired by Visible Gold Mines.Martin Dallaire, President and CEO of Visible Gold Mines stated, "with this important Vanstar/Iamgold discovery on the Nelligan property, we firmly believe that this region has the potential to become a very active mining camp, in which Visible Gold Mines will be well positioned with its Horsefly, Hazeur and Doda South properties in proximity".A 
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