Blue Star Gold Corp. announced the final assay results from the 2020 exploration program at its Ulu and Hood River properties. The properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the NW. The Ulu lease and the contiguous Hood River property together encompass approximately 9,000 hectares of highly prospective exploration ground. The Ulu lease hosts the advanced stage Flood and Gnu Zone gold deposits, where a significant high-grade gold resource has been outlined. Several additional gold zones (including NFN, Zebra, Bizen, Apex and Contact Zones) are spatially related to the axis of the ~5 km long Ulu regional fold which extends from the Ulu lease onto the north Hood River property (see Figure 1). The Hood River property is contiguous to the Ulu lease to the north, east and south, and hosts over twenty known gold showings (see Figure 1). Many of the high-priority target areas outside of the Flood Zone have only been tested with relatively shallow drilling, and the potential throughout the properties to host new discoveries at depth is considered high. The 2020 exploration program entailed 7,621 metres of diamond drilling in thirty-eight diamond drill holes on the Ulu and Hood River properties. Below is an overall summary of the program, including diamond drill holes that were reported in previous news releases. The 2020 drill program at the Flood Zone comprised six drill holes (BS2020-ULU-001 to BS2020-ULU- 006). The purpose of the drilling was to provide additional geologic information and confirm certain aspects of the geologic model of the deposits, to improve drill hole density and to allow for possible upgrading of the resource category. Drill hole BS2020-ULU-005 (reported today) tested inferred resource blocks at a vertical depth of approximately 400 metres. The hole intercepted a series of mineralized zones from a downhole depth of 425.0m to 469.0m including 14.95 g/t Au over 13.80m (426.20 - 440.0m) and 9.65 g/t Au over 6.0m (459.0 - 465.0m). The azimuth and dip of the hole at this intercept point is approximately 242 and -62 degrees respectively. Mineralization occurs as fine to coarse grained disseminated arsenopyrite along with fine grained pyrrhotite, pyrite and chalcopyrite associated with smoky quartz veins within a calc-silicate alteration envelope. Previous modelling indicates that the Flood Zone is near vertical in the area of BS2020-ULU-005's intercepts. The results of this hole potentially allows for an improvement in the resource grade and a change of the resource category from inferred to indicated status in this area. Holes BS2020-ULU-001 to 004 and 006 were reported previously. The Gnu Zone, which is 700m north of the Flood Zone, can be traced over approximately 625 metres in a NW-SE direction. Mineralization typically occurs as finely disseminated acicular arsenopyrite associated with pervasive calc-silicate alteration, similar to that found in the Flood Zone. Polymetallic quartz veins are also present in the Gnu Zone. The high grade gold mineralization intersected in BS2020ULU-007 (52.7 g/t Au over 2m, see news release dated October 28, 2020) has a polymetallic signature with highs of 0.8% Pb, 0.7% Zn, 57.5 ppm Ag and anomalous bismuth. BS2020ULU-007 was collared 30m east of historic hole 92VD161 (14.7 g/t Au over 3.22m from a polymetallic quartz vein). Subsequent drill holes BS2020ULU-008 through BS2020ULU-010, which were drilled in the vicinity of BS2020ULU-007 and 92VD161, did not intersect significant gold values. The geometries of the different styles of mineralization present have not yet been resolved with the limited amount of drilling (20 holes totalling 2,167m) completed to date. The geologic model for the Gnu Zone is planned to be updated as part of the property wide data assessment and compilation program underway. At the Contact Zone, which is approximately 1.8 km north of the Flood Zone, mineralization occurs in quartz veins and stockworks, and sulphide replacement zones. The vein-type is associated with haloes of pervasive sericite ±silica altered basalt with pyrrhotite, arsenopyrite, pyrite and arsenopyrite. The best mineralization intersected in the two holes drilled in 2020 was 3.96 g/t Au over 1.0m in hole BS2020ULU-011. Hood River North: The 2020 drill program tested targets along the east limb of the Ulu anticline including the NFN, INT, Bizen, and Apex Zones. The fold limb is expressed as a topographic break coincident with the steeply east dipping contact between basaltic volcanic and biotite-cordierite metasedimentary rocks. At the NFN Zone, fourteen drill holes (HR20-13 to HR20-26) were drilled in an area 215 metres long by 100 metres wide to a maximum depth of 180 metres from surface. The NFN Zone is a south dipping synform with mineralization focused along a shear zone dividing basaltic volcanics and biotite-cordierite schists. Anomalous gold values occur in quartz-carbonate-sericite-pyrrhotite-arsenopyrite-chalcopyrite shear vein fillings. An envelope of biotite and calc-silicate alteration extends tens of metres into the hanging wall basalts. All the holes drilled at the NFN intersected the targeted structure and 12 out of 14 returned significant gold grades. The mineralized intervals were typically between 2 and 4 metres wide. Higher grade intercepts included 13.87 g/t Au over 3.00m (HR20-17) and 13.18 g/t Au over 2.00m (HR20-13). Only 2 drill holes (HR20-19 and HR20-26) failed to return anomalous gold values. These two holes tested the northwestern and southern boundaries of drill coverage and intersected the targeted contact, however, only moderate silicification and traces of arsenopyrite was observed. It is expected that the results of the 2020 exploration program will provide enough data to complete the first resource estimate for this Zone. The INT Zone is located between the NFN and Bizen Zones along the east limb of the Ulu anticline. Channel sampling conducted in 2019 resulted in one sample grading 25 g/t Au (Y622120). Gold-bearing mineralization is hosted in a unit of basaltic tuffaceous metagreywacke. Anomalous gold values are localized to thin, typically less than 10 cm, quartz-calc-silicate veins with medium-course grained pyrrhotite, chalcopyrite and arsenopyrite. Patchy biotite alteration extends several metres outward from and is overprinted by sericite proximal to the gold- bearing veins. The Apex Zone is located 350 - 700 metres north of the Contact Zone. It is characterized by two zones of discontinuous gossans that merge toward the north. Mineralization occurs as quartz veins associated with biotite ±silica alteration and enriched in biotite, chlorite and minor actinolite.