GILXF - Gitennes Completes Induced Polarization Magnetic Surveys and Diamond Drill Permit Received on the New Mosher Gold Property Chapais-Chibougamau Area Quebec

(TheNewswire)

Vancouver, B.C. - TheNewswire - March 4 , 2021 - Gitennes ExplorationInc. ("Gitennes" or the"Company") (TSXV:GIT) (OTC:GILXF) announces that the InducedPolarization (“IP”) geophysical survey on its New Mosher goldproperty (the “Property”) in theChapais-Chibougamau area of Quebec (see location map below) has beencompleted along with a magnetometer (“MAG”) survey .  The IP survey along with an historical IP survey now coversthe entire Property. Evaluation of thegeophysical surveys is ongoing and results will be released as soon asthe data is compiled. The Company alsoannounces that the Property has been permitted for diamonddrilling .

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New Mosher is located three kilometres from the pastproducing Joe Mann mine which produced approximately 1.5 millionounces of gold at an average grade of 8.3 g/t gold (1) .

1. (1) Readers are cautioned thatthe Company has no interest in or right to acquire any interest in theJoe Mann mine and that mineral deposits andproduction results from the Joe Mann mine are not indicative ofmineral deposits on the Company's properties or any potentialexploitation thereof.

JMW IP Survey

In addition, Gitennes hascommenced the previously announced IP survey on its 100% own JMWproperty. The survey will cover the threedistinct types of mineralization that the Company has identifiedf ro m the recent review of work by previousoperators. Past IP surveys and drilling on theproperty focussed on a narrow, 1.5 kilometre strip in the vicinity ofthe Guercheville Fault Zone.  Past surveys covered less than 50% ofthe existing property.  The new IP survey will verify data from theprevious survey as well as add data on previously uncovered parts ofthe property.  Based on Gitennes’ extensivereview of previous work on JMW including geology,geophysical surveys anddrilling three models are being used for this and future explor ationprogrammes (see figure below).

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The Company also announces that further to its pressrelease of January 29, 2021 it has received TSX Venture Exchangeapproval to settle $132,500 of accrued liabilities to senior managersin respect of management fees (the “Debt Settlements”) by issuing1,325,000 common shares at a price of C$0.10 per common share. The common shares issued pursuant to the DebtSettlements will be subject to a four month and one day statutory holdperiod from the date of issuance.

Gitennes is bolstering its investor relationscapabilities by engaging MI3 Communication Financieres Inc.(“MI3”) to assist the Company in its marketing efforts.  MI3 is awell-established Quebec based investor relations firm with extensiveexperience in marketing public companies with a focus on the mineralexploration sector.  MI3 will receive C$5,000 per month and 100,000options to purchase Gitennes common shares at a price of C$0.115 pershare.

About Gitennes ExplorationInc.

Gitennes is in the business of exploring for andadvancing mineral properties with a focus on high grade gold.  TheCompany currently has four properties in Quebec: JMW, RAL, New Mosherand Maxwell, the Snowbird gold property in British Columbia and a 1.5%Net Smelter Return royalty on the 18 million ounce Urumalqui SilverProject in Peru.  JMW and Maxwell are 100% owned by Gitennes.  RALand New Mosher are under option and Gitennes can earn an initial 70%and has the right to increase its ownership to 85%.  The SnowbirdProperty was recently optioned to a gold exploration company.

Qualified Person

The scientific and technical information contained inthis news release has been reviewed and approved by Wayne Holmstead(P.Geo.), who is a "qualified person" within the meaning ofNational Instrument 43-101.

For further information on the Company, readers arereferred to the Company’s website at www.gitennes.com and its Canadianregulatory filings on SEDAR at www.sedar.com .

Gitennes Exploration Inc.

“Ken Booth”

Ken Booth
President

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

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Cautionary Note RegardingForward-Looking Information

This news release includes certain statements thatconstitute "forward-looking information" within the meaningof applicable Canadian securities laws concerning the business,operations and financial performance and condition of the Company. All statements in this news release that are not purely historicalare forward-looking statements and include any statements regardingbeliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can be identifiedby words such as "pro forma", "plans","expects", "may", "should","budget", "schedules", estimates","forecasts", "intends", "anticipates","believes", "potential" or variations of suchwords including negative variations thereof and phrases that refer tocertain actions, events or results that may, could, would, might orwill occur or be taken or achieved.  Such forward-looking statementsinclude, among others, statements as to the anticipated business plansand timing of future activities of the Company, including the exerciseof any property Options and to conduct exploration activities thereon. Actual results could differ from those projected in anyforward-looking statements due to numerous factors including risks anduncertainties relating to exploration and development and actualresults of exploration activities; the ability of the Company toobtain additional financing; delays in obtaining governmental andregulatory approvals (including of the TSX-V), permits or financing;the need to comply with environmental and governmental regulations;potential defects in title to the Company's properties; fluctuationsin the prices of commodities and precious metals; operating hazardsand risks; environmental issues and liabilities; and competition andother risks and uncertainties of the mining industry.  Although theCompany believes that the beliefs, plans, expectations and intentionscontained in this news release are reasonable, there can be noassurance that those beliefs, plans, expectations or intentions willprove to be accurate.  Readers should consider all of the informationset forth herein and should review the Company’s periodic reportsfiled from time-to-time with Canadian securities regulators.  Thesereports and the Company's filings are available at www.sedar.com.

Readers are cautioned not to place undue reliance onforward-looking statements.   The forward-looking statementscontained in this news release are made as of the date of this newsrelease and, except as otherwise required by law, the Companyundertakes no obligation to update the forward-looking statementscontained herein, or to update the reasons why actual results coulddiffer from those projected in these forward-looking statements.

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