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The Northern Vertex team continued to exceed expectations with numerous production records including the completion of key capital projects such as the powerline connection and west pit pioneering. Through an ambitious exploration program that is underway, we continue to see significant opportunity to expand the resource through the drill-bit, with the rapid advancement of the Phase I, 18,000-meter drill program.  With the success we have seen with Phase I exploration results, the Northern Vertex Board recently approved a 30,000 meter Phase II drill program, and Northern Vertex will be providing updates on the near-mine, infill and generative exploration results in the coming months." CONSOLIDATED THREE MONTHS ENDED SEPTEMBER 30, 2020 Financial Results US$'000 (except per share and per ounce amounts) Quarter ended September 30, 2020 - Operations During the three months ended September 30, 2020 a total of 706,629 tonnes of ore was mined at a strip ratio of 2.15. The proportion of total ore being sourced from the east pit continues to increase as operations transition out of the center pit, while pioneering in the west pit is nearly completed. During the three months ended September 30, 2020 a new processing record was established of 683,706 tonnes crushed at an average gold grade of 0.69g/t.  In addition, a record total of 13,083 Au ounces and 119,257 Ag ounces were produced. Finally, the Moss team advanced numerous important capital projects during the quarter: Construction of a 6.9 mile power line, resulting in the mine being switched over to grid power from generator power with power costs moving from 31 cents per kilowatt hour to 8 cents per kilowatt hour, Construction and commissioned an Intermediate Leach System, which accelerates gold recoveries from the heap leach pad, 80% complete test work on increasing grind size, which could increase throughput rates and/or reduce costs, Pioneering the new west pit, which was more than 80% complete at September 30, Completed 35,000 feet of infill and exploration drilling, which is expected to lead to a resource update and revised mine plan. The foregoing technical information contained in this news release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng., a director of the Company and a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects). Full Condensed speaking of Interim Consolidated Financial Statements and the Management Discussion & Analysis can be found at www.sedar.com and the Company's website at northernvertex.com . The following tables represent the calculation of certain Non-IFRS Financial Measures as referenced in this news release. Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest primary gold and silver mine in Arizona. Focused on low cost gold and silver production, the Company has experience across all areas of operations, mine development, exploration, acquisitions and financing of mining projects.

https://www.prnewswire.com/news-releases/northern-vertex-reports-record-quarterly-production-revenue-and-adjusted-ebitda-301181081.html [Education]