VANCOUVER, BC--(Marketwired - March 20, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SolidusGold Inc. (the "Company") (TSX VENTURE: SDC) is providing an update on the Company's proposed purchase of the Northumberland Project in Nevada from Newmont USA Limited (the "Northumberland Acquisition") and certain of its affiliates and the concurrent private placement of subscription receipts (the "Financing"), as previously announced on September 15, 2016.

The Company announces that the parties were not able to agree on amended transaction terms that would enable the Company to raise the required funds, and the parties have mutually agreed to terminate the purchase agreement. Accordingly, the Financing will not proceed.

Sorin Posescu, President & CEO, commented: "Although we are disappointed in not completing the Northumberland transaction, SolidusGold remains committed to identifying high quality gold assets in safe, mining friendly jurisdictions."

For more information, please email info@solidusau.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Northumberland Acquisition and the Financing are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. The forward-looking statements in this news release were developed based on the assumptions and expectations of management, including that the Company will not be able to raise the funding required to complete the Northumberland Acquisition, that an extension of the outside date for Northumberland Acquisition will not be obtained, that TSX Venture Exchange acceptance for the Northumberland Acquisition will not be obtained and that the Northumberland Acquisition will not complete on the proposed terms or at all. If any of the assumptions on which such forward looking information is based vary or prove to be invalid, actual results could differ materially from those anticipated. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction, including the United States. The securities referenced in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, a "U.S. person," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration requirements is available.

Contact Information
SolidusGold Inc.
Sorin Posescu
President & CEO
Email: info@solidusau.com