NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) — Independence Gold Corp. (TSX.V: IGO) (the „Company“) wishes to announce that it has closed a second and final tranche
of the non-brokered private placement announced on December 8, 2020 (the “Offering”).

The Company issued 4,285,714