BMEX Gold Inc. provided a progress update on its Phase 1 King Tut Exploration Program, as well as highlight a number of notable corporate milestones. These highlights, include but are not limited to the following: Acquired two flagship properties through the entering into of option agreements on King Tut and Dunlop Bay properties and shifted focus to Quebec, Canada; Completed 1,834 metres of drilling on King Tut property distributed in six (6) holes over a strike length of approximately 200 metres, which includes 2 holes containing visible gold intercepts; Initiated and completed site access at Dunlop Bay property; Completed name change, strengthened management, diversified Board of Directors and created strong Advisory Team; Raised $7.3 million in cash and ended year in strong financial position. During the year, BMEX entered into two pivotal land transactions in Quebec bringing its focus squarely onto gold exploration in two highly prospective regions of Quebec, the Chicobi Gold Belt and the Matagami Gold Camp, both in the prolific Abitibi Greenstone Belt. The King Tut property consists of 120 mineral claims covering 5,206 hectares and the Dunlop Bay property covers 76 mineral claims over 4,226 hectares. Both option agreements contemplate 100% ownership by BMEX. King Tut: Drilling at King Tut commenced on November 26 and by December 30, 2020, a total of 1,834 metres of drilling was completed with 1,072 samples sent to two separate labs. Assay results are expected to begin during the first half of January 2020. Core descriptions have been completed for four of six holes with visible gold exhibited in holes TUT-20-003 and TUT-20-004. The visible gold appears to be associated with pyrite and chalcopyrite bordering quartz veins and correspond to easily recognizable quartz-carbonate vein networks developed over a few meters to over fifteen meters intervals in strongly carbonatized and variably sericitized volcanic rocks. Dunlop Bay: Since entering into the option agreement to acquire Dunlop Bay in August 2020, the Company has also focused on data compilation and review of historical work on the property, which includes about 30,000 metres of historical drilling. The objective was to clearly establish the exploration model and identify high potential targets. This analysis reinforces a model where the geometry of known gold bearing veins is concentric to the late tectonic Dunlop Bay pluton. In addition to technical reviews, site preparation and winter road access has been completed. BMEX is planning a first drilling program to be initiated during the second quarter of 2021 with approximately 4,000 metres of drilling mainly to validate the continuity of the historical vein system, and to test the intrusive contact which was barely touched during historical phases of drilling.