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Warrior Gold Announces $1.25 Million Offering


Toronto, Ontario – August 13, 2021 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce a non-brokered private placement to raise up to $1.25 million through the issuance of a combination of common share units (the “Units”), flow-through share units (the “FT Units”) and Charity flow-through share units (the “Charity FT Units”) of the Company at a price of $0.08 per Unit, $0.10 per FT Unit, and $0.105 per Charity Ft Unit (the “Offering”). Each Unit will comprise one common share and one-half common share purchase warrant (each whole common share purchase warrant, a “Warrant”), and in the case of the FT Units and the Charity FT Units, one flow-through share, and a Warrant (as defined above). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of 18 months from the date of closing of the Offering, at a purchase price of $0.15 per common share, provided, however, that, if, at any time following the statutory four month hold period, the closing price of the common shares of the Company on the TSX Venture Exchange is greater than $0.20 for 20 or more consecutive trading days, the Warrants will be accelerated and will expire on the 30th business day following the date of such notice.

The Company may pay finders’ fees on a portion of the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued under the Offering will be subject to a four month and one day “hold period” under applicable Canadian securities legislation.

The Offering is subject to approval of the TSX Venture Exchange.

The proceeds from the sale of the Units will be utilized by the Company for working capital and general corporate purposes and the proceeds from the sale of the FT Units and Charity FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) related to the Company's properties located in Kirkland Lake, Ontario.

About Warrior Gold Inc.

Warrior Gold is a TSX Venture Exchange-listed company that owns the Goodfish-Kirana Property and the Arnold Property and has an option on the Kirkland Lake West and Central properties, all located just several kilometres from the town of Kirkland Lake, Ontario. The Properties comprise 18,884 hectares making Warrior Gold the 2nd largest landholder in the Kirkland Lake Gold Camp. The historic Kirkland Lake Gold Camp is part of the prolific Abitibi Greenstone Belt, recognized as one of the world’s highest grade and productive greenstone belts with over 220 million ounces of gold produced to date.

For additional information please contact:

Danièle Spethmann, P.Geo.

President & CEO

+1 647 344-3433

Daniel Rodriguez

Corporate Development

+1 604 353-4080

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", “anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by the Company. Although Warrior Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Warrior Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Company’s Management Discussion and Analysis of the financial condition and results of operations for the year ended March 31, 2021 which is available at The forward-looking statements contained in this press release are made as of the date hereof and Warrior Gold undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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