Toronto, Ontario – October 17, 2019 – Getchell Gold Corp. (“Company or Getchell”) (CSE: GTCH) announces that it has executed a binding Letter Agreement (the “BLA”) with Canarc Resources Corp. (“Canarc”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN), which holds numerous gold properties in Nevada and the western USA, whereby Getchell will have the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties located in Churchill County Nevada.

Fondaway Canyon was the subject of a 2017 Technical Report commissioned by Canarc Resources Corp. with a historical estimate of Indicated resources of 409,000 oz. Au grading 6.18

g/t and Inferred resources of 660,000 oz. Au grading 6.4 g/t. Canarc drilled 7 holes in 2017 which all intersected multi-gram mineralization, both within the area of the historical estimate and outside, that have not been included in a Technical Report. In addition, there are multiple untested exploration targets, including near-surface oxide gold that are located along structure and in favorable host rock. Dixie Comstock has a historic resource estimate, and mineralization remains open down-dip and to the east.

Mr. Bill Wagener, CEO of Getchell, stated: “The acquisition of two gold properties with historical estimates substantially enhances Getchell’s potential to accelerate the creation of shareholder value through extensions and new discoveries in the mining friendly jurisdiction of Nevada.”