Prime Mining: Reports Results of Guadalupe East Sampling at Los Reyes Continue to Demonstrate Resource Expansion Potential

Widescale Exploration Continues as Drilling Expected to Commence by Mid November

Vancouver, British Columbia – October 26, 2020 – Prime Mining Corp. (the “Company”) (TSX.V: PRYM) (OTCQB: PRMNF) (Frankfurt: A2PRDW) reported today that results from the Company’s ongoing surface and subsurface sampling exploration program on the Los Reyes project continue to show resource expansion potential, this time in the Guadalupe East deposit. Guadalupe East is one of eight deposits that make up Los Reyes project resource.  Rock chip sampling inside the old, existing mine adit GE-Adit 17 returned 2.21 grams per tonne (“gpt”) gold (“Au”) and 95 gpt silver (“Ag”) over 46 metres (“m”), including 29.0 gpt Au and 226 gpt Ag over 2.0 m.  Sampling in the adit, which lies outside of the current Guadalupe East resource boundary, was on 2 metre intervals across the adit roof (see Table 1).  The true vein width is not known at this time.

Two other veins in GE-Adit 17 were also sampled, returning 0.84 gpt Au and 37.7 gpt Ag over 4.5 m and 0.76 gpt Au and 23.6 gpt Ag over 6.0 m, respectively.  These veins may be a continuation of the San Manual vein system and the results suggest that the Guadalupe system remains open to the east where historic drilling has not occurred.

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