Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the “Company” or “Granada”) is pleased to present the outlook for 2022 and a review of 2021 operations. 

Drilling Summary

The Company drilled a total of 30,000 meters in 2021 at its flagship Granada Mine in Rouyn-Noranda, Quebec during its infill diamond drill program to expand the existing open pit and underground resource. An updated resource estimate is planned by the end of Q1 2022. During this exploration program, a potentially large, low-grade, rare earth and alkaline metal structure was also identified.

2022 Outlook

Exploration

· Continue with infill drill program, including deeper targets on the ‘Big Claim’ near the Cadillac Break

· GoldSpot AI drill target review

Engineering & Development

· Continue with bulk sample extraction from mining lease BM 813.

· Finish processing the bulk sample taken from mining lease BM 852 that is currently in progress at Temiskaming Testing Laboratories (TTL) in Cobalt, Ontario.

· Update the gold resource for underground and surface by SGS in first quarter of 2022.

· Finalize mineral resource estimate for Rubidium by SGS in the first quarter of 2022.

· Update historic prefeasibility study (PFS) for high-grade rolling start.

· Carry on with environmental studies using SGS to amendment existing Certificate of Authorization for on-site milling facilities.

2021 Year In Review

Exploration

· Completed 30,000 meters of infill and deep diamond drilling.

· Drilled within structures to validate gold grade continuity in structures close to surface.

· Discovered significant Rubidium mineralization over a potential strike length of 1.6 kilometers.

· Hired GoldSpot AI to assist in targeting the Eastern extension of the Granada Gold Mine property for gold mineralization.

Engineering & Development

· Excavated overburden and sorted historic muck on mining lease BM 813 in preparation for bulk sample in 2022.

· Contracted SGS to complete additional metallurgical and environmental testing in order to amend our current permits to allow a potential mill on site.

· Started processing a bulk sample from mining lease BM 852 at TTL.

· Successful leach test at SGS in Lakefield using Re-2Ox process leaching 99% of Rubidium.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec which is adjacent to the prolific Cadillac Break. The Company owns 14.73 square kilometers of land in a combination of mining leases and claims. The company is currently undergoing a large drill program with 30,000m out of 120,000m complete. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.