Avalon Works Corp. Announces Completion of Acquisition of Elmtree Gold Project in NE New Brunswick, $5,040,500 Concurrent Financings and Listing on the TSX Venture Exchange Avalon Works Corp. (TSXV: AWB) (the " Company") is pleased to announce that, further to the news release issued by the Company on November 26, 2020, the Company has completed a consolidation (the " Consolidation") of all issued and outstanding common shares on the basis of 4.9362-to-1 effective February 25, 2021 followed by the acquisition on February 26, 2021 (the " Acquisition") of a mineral exploration property comprised of two mineral exploration properties respectively comprised of 24 and 25 contiguous mineral claims totaling 1,063,326 hectares in northeast New Brunswick known as the "