QMX Gold Corporation released results from the ongoing exploration drilling program on the River Target. The River Target is located to the west of the Lac Herbin mine in the Bourlamaque batholith on QMX’s extensive land package in Val d’Or, Quebec, roughly 16 kilometres to the northwest of the Bonnefond deposit. The following assays are from the first batch of drilling results of the 2020 exploration drilling program on the River Target. The ongoing 2020 exploration program, which consists of twenty-seven drill holes for a total of 8,500 metres, is progressing towards the west and is expected to be completed before year end. Highlights include: DDH 17421-20-056 returned 2.78 g/t Au over 10.5m, including 17.60 g/t Au over 1.0m and 44.40 g/t Au over 1.5m in a second mineralized zone. DDH 17421-20-059returned 3.93 g/t Au over 5.3m, including 4.78 g/t Au over 1.2m and 11.01 g/t Au over 1.3m. DDH 17421-20-066 returned 15.60 g/t Au over 3.8m. The River target is located in the Bourlamaque Zone, roughly 1 kilometer west of the Lac Herbin-Dumont-Ferderber gold system that produced a total of 793,000 ounces of gold historically. The River target was originally discovered in 2011, however, it was not followed up until QMX commenced its reconnaissance program in late 2019. The gold mineralization is hosted by Quartz-Tourmaline veins with pyrite in shear zones in the Bourlamaque batholith. Late in 2019, QMX conducted a seven drill hole reconnaissance program of a total of 1,100m to evaluate the continuity of the grades and structures. Based on the strong results from the initial reconnaissance drilling and QMX’s 3D modelling, the 2020 exploration program was designed to determine the extent of the mineralized quartz tourmaline veins and the structures hosting them in order to more precisely target future drilling campaigns. The best intersections returned to date from the 2020 follow up exploration program were in DDH 056 with 2.78 g/t Au over 10.5m including 17.60 g/t Au over 1.0m; DDH 059 intersected 3.93 g/t Au over 5.3m including 4.78 g/t Au over 1.2m and 11.01 g/t Au over 1.3m and DDH 066 intersected 15.60 g/t Au over 3.8m. Several drill holes cut a second mineralized shear zone 20m to 50m north of the River target, including in DDH 056 which intersected 44.40 g/t Au over 1.5m. As the company await further assay results, QMX is completing the remaining holes of the 2020 River Target drilling campaign and is now focused on the western extension of the River Target. Drilling, to date, on the eastern extension intersected the targeted shear zone structure but did not intersect significant mineralization. The mineralized zones appear to trend to the west of previous drilling. Once the 2020 exploration drilling program is completed, QMX will conduct wireline surveys of the drill holes to collect structural measurements with the use of optical and acoustic televiewers, validate the 3D model and design a second, more focused, phase of exploration drilling. Although QMX had anticipated its Interim Bonnefond Resource Estimate would be available by now, the increase in activity in the mining and exploration sector in the Abitibi region and the ongoing COVID-19 pandemic has lead to unexpected delays in sampling, re-sampling and access to consultants. Given the progress to date, the company now expects to receive an updated Bonnefond Resource Estimate, reflecting all the additional drillholes completed at Bonnefond over the past year, in November 2020. QMX is currently operating four diamond drill rigs and is on track to complete over 45,000m of drilling in 2020. Two drill rigs are in the Bourlamaque zone, one completing the River Target campaign and one in the Poulmaque area. The two other drill rigs are in the Eastern Zone, one is completing a third deep hole in the Bonnefond intrusive and the other one is exploring west of the New Louvre sill and south of the Bonnefond intrusive. Numerous assay results are pending. During the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to Agat Laboratories. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more.