­ Goldseek Resources Inc. announced a 4,000-meter drill program at the Beschefer Project set to commence during the first half of February. The Beschefer Project is located approximately 30 kilometres southwest of Wallbridge Mining Company Limited's ("Wallbridge") Fenelon Gold Project. On March 3rd, 2021, the Company entered into an option agreement on the Beschefer Project to earn 100% over 4 years from Wallbridge (see news release dated March 3, 2021).

Goldseek has budgeted approximately 4,000 meters of diamond core drilling for high priority infill and extension targets at its' Beschefer Project along the Detour Gold Trend. The Company is currently processing the final assays received from its' maiden drill program and will provide full details on winter drill targets and an updated 3D model of the gold zones in subsequent news releases. Advanced gold exploration project with significant near-term resource potential, Located in a favourable orogenic gold setting 45 km northeast of the Casa Berardi Mine and 30 km southwest of Wallbridge's Fenelon Gold Project.

Highlights of the best intersections include 4.92 g/t gold over 28.65 meters in hole BE-21-02 (including 11.39 g/t over 9.1m), 55.63 g/t gold over 5.57 metres in hole BE13-038 (including 224 g/t over 1.23m; 13.95 g/t over 0.68m and 13.70 g/t over 0.73m), 13.07 g/t gold over 8.75 metres in hole B12-014 (including 58.5 g/t over 1.5m), 3.56 g/t gold over 28.4 metres in hole B14-006 (including 7.42 g/t over 5.5m), and 10.28 g/t gold over 8.00 metres in hole B14-35 (including 86.74 g/t over 0.60m). True width in these sections vary between 89% and 99% of the intercepted witdh. The mineralization shows high-grade gold-bearing structures hosted in a lower grade envelope, highlighting the regional potential along the already defined shear zones on the Property Warrant Extension.

The Company announces that it intends to extend the expiration date of 952,500 warrants (the "Warrants") originally issued by the Company on February 14, 2020 pursuant to a non-brokered private placement. The Warrant extension is subject to approval by the Canadian Securities Exchange. The Warrants are exercisable into common shares of the Company at a price of $0.13 per common share and currently have an expiry date of February 14, 2022.

The Company wishes to extend the expiry date of the Warrants to 4:00PM EST on February 14, 2024. All other terms and conditions of the Warrants, including the exercise price, remain the same. Goldseek has significantly advanced its exploration projects since going public thanks to these long-term shareholders and is of the opinion that an extension of these warrants is justified.