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Karus Gold Corp.: Karus Gold Clarifies FG Gold Disclosure Related to Historical Resource Karus Gold or the Company ) advises that as a result of a review by the British Columbia Securities Commission (the BCSC ), the Company is issuing this news release to clarify disclosure pursuant to the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ) regarding the historical resource at the FG Gold project, part of the 100% owned South Cariboo Gold District in British Columbia in the Company s press release dated May 6, 2021 (the May 6 Press Release ) and the Company s Management Discussion and Analysis for the year-ended December 31, 2020, dated April 29, 2021 (the

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