Gold Line Establishes Technical Advisory Board with the Appointment of Swedish Veteran Geologist, Benny Mattsson

Gold Line Establishes Technical Advisory Board with the Appointment of Swedish Veteran Geologist, Benny Mattsson

Vancouver, British Columbia, Canada – December 16, 2020 – Gold Line Resources Ltd. (TSX-V: GLDL) (“Gold Line” or the “Company”) is pleased to announce the appointments of Mr. Benny Mattsson, P.Geo., and Mr. Lewis Teal as members of the Company’s newly formed Technical Advisory Board.  The Technical Advisory Board was established by the Board of Directors to provide added expertise and guidance to Gold Line’s Management and Geolgoical teams in the development of optimal exploration strategies and programs for the Company.

Mr. Mattsson holds a BSc degree in Geology from the University of Uppsala, and brings more than 40 years of mineral exploration and geology experience to the Company.  Benny has an extensive background leading teams in both greenfields and district-sized exploration programs, and has focused a considerable amount of his career in the prolific Skelleftea District of Sweden, where he held various exploration management positions with the country’s largest mining company, Boliden.  During his tenure with Boliden, Benny and his teams were credited with the discovery of several major mineral deposits that were eventually developed into  producing mines – the most notable being the Kankberg gold-silver-tellerium mine, and the Åkerberg gold mine. In addition to his years with Boliden, Mr. Mattsson also worked with International Gold Exploration IGE AB, where he held the position of Chief Geologist for the company’s IGE Nordic AB Rönnbäcken Nickel Project, also located in Sweden. Benny continues his successful career today as an Exploration and Geology consultant, advising mining companies in their endeavours.

Gold Line’s CEO, Adam Cegielski stated: “We would like to welcome Mr. Mattsson to the Gold Line team.  We are honoured to have him as a member of the Technical Advisory Board, and are confident that Benny’s extensive geological and industry expertise across Sweden – including in the Skelleftea and Gold Line Belts, where the Company’s portfolio of projects are located, will prove invaluable in supporting the  efforts of our already strong exploration team.  We look forward to working with him as we endeavour to advance and optimize our exploration program and strategies.”

CEO Adam Cegielski continued, “Mr. Teal is another great addition to the Technical Advisory Board.  Lew brings to Gold Line a wealth of experience working on similar gold belts elsewhere in the world, and considerable success in driving new discoveries. Lew’s global experience is a great compliment to Benny’s in-country and regional knowledge base, and will serve the Company’s Board and Management well.”

Mr. Teal has 40 year’s experience in the natural resources industry, including greenfields exploration, as well as, near-mine exploration and development.  Most notably, Lewis served as Exploration Manager for Newmont Mining’s Yanacocha operation from 2002 to 2006, and served as Newmont’s Manager and Group Executive of Exploration and Early-Stage Development for South America and the Caribbean Region (2006-2015). In addition to exposure to jursidictions in South American, Lewis’ international exploration exposure spans globally beyond South America, including work in the U.S., Mexico, Turkey, Indonesia and Southern China. Since retiring from Newmont Mining in 2015, Lewis has been engaged as a private consultant based out of Albuquerque, N.M. Mr. Teal holds a Masters of Science degree in Geology from the University of Texas, and is a licensed Certified Professional Geologist, and is also a Qualified Person, as the term is defined by National Instrument 43-101.

On behalf of the Board of Directors of Gold Line Resources,
Taj Singh

President & CEO

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About Gold Line Resources Ltd.

Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Sweden and Finland. Gold Line is working in two of the world’s top mining jurisdictions and emerging exploration frontiers due to their strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape. Gold Line currently holds a prospective portfolio of gold exploration projects in Sweden and Finland. In Sweden projects are located in the Gold Line Mineral Belt and Skellefteå Belt of north-central Sweden, and the Mjøsa-Vänern Belt in southwest Sweden. In Finland Gold Line holds the entire underexplored Oijärvi Greenstone Belt located in northern Finland.

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

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Gold Line’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this news release include statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: that exploration and development activities will not be completed as planned; that the results of exploration and development activities will not be as anticipated. Gold Line may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect Gold Line’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of Gold Line’s securities, regardless of its operating performance; and the impact of COVID-19. The forward-looking statements contained in this news release represent the expectations of Gold Line as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Gold Line undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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About Gold Line Resources Ltd.

Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Sweden and Finland. Gold Line is working in two of the world’s top mining jurisdictions and emerging exploration frontiers due to their strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape. Gold Line currently holds a prospective portfolio of gold exploration projects in Sweden and Finland. In Sweden projects are located in the Gold Line Mineral Belt and Skellefteå Belt of north-central Sweden, and the Mjøsa-Vänern Belt in southwest Sweden. In Finland Gold Line holds the entire underexplored Oijärvi Greenstone Belt located in northern Finland.