Greenheart Gold Announces Results from the Maiden Drill Program at Igab, Including Hole D-007 Intersecting 7.0 m @ 5.82 g/t Au, and Results at Majorodam

Greenheart Gold Inc. (TSXV: GHRT) (OTCQX: GHRTF) (the "Company" or "Greenheart Gold") is pleased to report initial diamond drill and additional trenching results from its Igab project in Suriname, and to provide an update on results for the Majorodam project.

Highlights The first pass drill program tested multiple target areas at Igab. Drill holes IGBD26-001 through IGBD26-012 were drilled on the Koela target, IGBD26-013 and IGBD26-014 on the Lemon Tree target, and IGBD26-015 through IGBD26-017 below the historical artisanal activities at Desiberg. At the Koela target, drilling returned 7.0 meters (m) @ 5.82 grams per tonne of gold (g/t Au) in IGBD26-007, 8.0 m @ 2.16 g/t Au in IGBD26-003 and 4.0 m @ 4.68 g/t Au in IGBD26-011. Additional shorter Koela intervals of note include 2.4 m @ 6.42 g/t Au in IGBD26-005 and 2.0 m @ 2.58 g/t Au in IGBD26-012. Trenching at Igab continues, focused on supporting follow-up drill targeting, with significant interval highlights including 22.0 m @ 2.13 g/t Au, including 15.0 m @ 3.01 g/t Au, in IGBT26-094 at the Cannibal Creek target, and 3.0 m @ 11.59 g/t Au in IGBT26-113 at Koela East.

Greenheart Gold is currently reviewing the results from the initial drill program and additional trenches at Igab, focusing on integrating the assay results and a more detailed understanding of the geology and structure gained from the core, with programs of core relogging and structural mapping to refine target geometry and drill orientation.

Results, Geological Interpretation and Follow-up at Igab, Suriname At Koela, ongoing geological work indicates that mineralization is associated with a series of northwest to southeast trending high-strain zones developed within a folded volcanic, volcaniclastic and siliciclastic rock package. The principal target areas tested to date comprise Koela East and Koela West, which occur on separate but apparently parallel structural trends within the broader Koela corridor. Results from this initial core drilling program indicate that gold-bearing intervals are commonly associated with very fine-grained pyrite, with local arsenopyrite and/or pyrrhotite occurring within folded and sheared clastic volcanic facies and along contacts with intercalated sedimentary units. The sediments and clastic volcanic facies, which are consistent with subaqueous volcano-sedimentary rock sequences, may represent high-permeability zones that have been further enhanced by folding and shearing. At Koela East, the next phase of drilling will focus on testing the strike continuity of the mineralized trend around holes IGBD26-003, which intersected 8.0 m @ 2.16 g/t Au and IGBD26-011, which intersected 4.0 m @ 4.68 g/t Au (see Figure 1 and Table 1). Drilling at Koela East will also include testing the intervening areas between the known intercepts where drilling remains sparse. At Koela West, follow-up drilling is expected to test extensions to the northwest and southeast of hole IGBD26-007, which intersected 7.0 m @ 5.82 g/t Au (see Figure 1 and Table 1). A lower-grade mineralized interval associated with hole IGBD26-006, which intersected 6.0 m @ 0.31 g/t Au is considered to represent a separate high-strain zone that warrants additional along-strike testing to determine whether higher-grade shoots are present. Mineralization encountered in recent trenching at Cannibal Creek appears to be associated with quartz-vein development within a structurally complex corridor defined by folding, shearing and localized high-strain zones. Current interpretation from trenching, structural measurements and geophysical review suggests that gold is most commonly associated with quartz veins, including boudinaged and locally smoky quartz veins, developed within or adjacent to foliated volcanic and volcaniclastic rocks. The available structural data indicate a dominant north-northwest to south-southeast fabric, with interpreted D2 folding and related shear zone.