Hycroft Mining Holding Corporation announced the acquisition of claims near the historic past-producing high-grade gold and silver mine, Rosebud. The patented mining claims known as Lucky Boy 1, Lucky Boy 2, and White Alps were acquired by the Company from Newmont USA Limited and are part of a 50% undivided interest with Hecla Mining Company. In addition to the claims, the Company also received a significant amount of data covering over 10,000 acres of land currently owned by Hycroft and adjacent to the known resource area.

The data includes information from approximately 230 drill holes, rock chip samples, soil geochemistry, geophysics, and significant surface mapping. The significant amount of data obtained through this transaction on the acquired patented claims and on land currently own, has been extremely valuable and correlates well with the hyperspectral and fieldwork the company have been conducting. This newly acquired data has allowed to prioritize many targets within land position".

The Rosebud Mine, which operated during 1997 -- 2000 through a joint venture between Newmont and Hecla, produced approximately 400,000 ounces of gold and over 2 million ounces of silver at an average grade of over 14 grams and 83 grams per ton, respectively. The historical Rosebud Mine is situated within the Company's land position and is the same epithermal system as the Hycroft Mine. The proximity of this very high-grade mine to the vast mineralized system at the Hycroft Mine gives confidence in finding higher-grade ore and potential feeder systems. Mr. Alex Davidson was the mine geologist at Rosebud during his tenure with Hecla.