WINKF - Windfall Geotek Announces Request for Binding Offers on Its First Copper and Gold Property with a Net Zero Carbon Footprint

(TheNewswire)

DOES NOT CONSTITUTE AN OFFEROF THE SECURITIES DESCRIBED HEREIN

Highlights:

• - The Wachigabu property is the latest asset available to the marketas a result of the strategic review undertaken by the board.

  - Windfall’s Wachigabu project is carbon neutral and the targetshave been validated by a qualified person.

  - Project is proximal to the Shortt Lake Gold Mine and Maripositedeposit with road and powerline access.

  - Drill targets have high potential for Copper and Zinc. Copper andZinc are input metals in batteries required for electrification, a keymitigation strategy to reduce global greenhouse gases.

Brossard, Quebec – TheNewswire - April 28 ,2021 – Windfall Geotek Inc. ( the“Company”, or “Windfall”) ( TSXV:WIN ) ( OTC:WINKF ) ( FSE:L7C2) is pleasedto announce the Wachigabu Copper & Gold Property in the La RondeTownship located in the Chibougamau-Matagami archean greenstone beltis available for option. This property has been developed usingdigital methods that limit greenhouse gas emissions.Where emissionswere generated, these have been mitigated through purchasing of carbonoffsets.

Dinesh Kandanchatha, Chairman &Interim CEO commented: “Last Friday CNN reported that theBiden administration has committed to cut US carbon emissions by 52%before 2030 1 . Windfall has beenleading the field of low carbon exploration since our first project in2005. I expect that we are going to see all market participants berequired to demonstrate they have made the necessary investments tomeet society’s commodity requirements in a carbon neutral way.  Our Wachigabau Lake property is the next step on our decadelong low- carbon emission journey. ”

Location, Access and Infrastructureof the Chapais Property:

• - The Wachigabu Lake Property is located 40 km east of Desmaraisvilleand 60 km southwest of Chapais

  - The property is part of the La Ronde and La Ronciere townships andis located in NTS map sheet 32G/12. The center of the block is locatedat latitude 49° 34’ 43.6’’ N and longitude - 75° 38’40.6’’ W (453400mE, 5492000mN, NAD83 UTM zone 18)

  - Property comprises 48 map designated claims, totalling 2,679.31 (26.79 km2).

  - The property is accessible from Quebec Provincial Highway 113 viaall weather gravel roads, which are part of a network of logging roadsaccessible from, 25 kilometres northeast of Desmaraisville.

  - Power lines run through the eastern portion of the property

Geological & Historicalcontext

• - The Wachigabau Lake property lies within the Southernband (Caopatina Segment) of the Chibougamau-Matagami archeangreenstone belt.

  - The Caopatina Segment is a volcano-sedimentary rockassemblage composed of two principal formations: the Obatogamauformation, a vast plain of tholeiitic basalts with a few mafic tofelsic volcanic centers, and the Caopatina formation, an overlyingsedimentary sequence. These formations are part of the lower volcaniccycle of the Roy Group.

  - The region hosts rich mineral deposits such as:

  • - the Shortt Lake gold mine which is 12 km northwest ofthe property. Shortt Lake Reserves are 2,694,920 t at 4.59 g/t Au (GM59755) 3 .

    - Mariposite deposit, located 6 km Northwest of theproperty, with reserves of 700,000 t at 2.0 g/t Au for the Maripositezone and more than 2,000,000 t at 1.0 g/t Au for the west zone (GM59755) 3 .

  - 2018 IP Survey identified a total of 152 individualIP anomalies, further grouped as 52 chargeable lineaments.

Nathan Tribble P.Geo, Directorcommented: “The Chibougamau-Matagami region is well knownfor its abundance of precious metals with many big players in thearea. This project is part of a new generation of mining projects thatseek to chart a new path in the resource sectors relative greenhousegas emissions. The existing infrastructure and digital explorationtechniques of Windfall should mitigate Scope 1 and Scope 2 2 carbon impact while still creatingthe potential for a copper, zinc and gold resource.”

AI Target Maps Below - Gold, Copper,Zinc

Gold Targets

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Figure4. Plan View of WindfallGeotek AI Gold Targets with 3D satellite imagery

Copper Targets
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Figure5. Plan View of WindfallGeotek AI Copper Targets with 3D satellite imagery

The scientific and technical data contained in this press release wasreviewed and prepared under the supervision of Grigor Heba, Ph.D.,P.Geo., Principal Geologist and a Qualified Person as defined byNational Instrument 43-101 .

About Windfall Geotek – Powered byArtificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that has been inbusiness for over 15 years developing its proprietary Windfall AIanalysis and data processing techniques. Windfall Geotek can count ona multidisciplinary team that includes professionals in geophysics,geology, Artificial Intelligence, and mathematics. It combinesavailable public and private datasets including geophysical, drillhole and surface data. The algorithms designed and employed byWindfall are calculated to highlight areas of interest that have thepotential to be geologically similar to other gold deposits andmineralization. Windfall Geotek AI increases shareholder value byreducing both time & exploration costs while reducing theenvironmental impact from mineral exploration. Windfall Geotek looksforward to leveraging it’s AI technology to find both precious andbase metals which will play a critical part in the future ofelectrification & reducing the world's carbon footprint. TheCompany's objective is to develop a new royalty stream bysignificantly enhancing and participating in the exploration successrate of mining and to continue the Land Mine detection application asa high priority. Windfall has played a part in numerous pastdiscoveries utilizing its methodology as described at: https://windfallgeotek.com/

For further information, please contact:

Simran Kamboj

President & CTO

Email: info @windfallgeotek.com

Website: www.windfallgeotek.com

Additional information about the Company isavailable under Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSXVenture Exchange nor does its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptresponsibility for the adequacy or accuracy of this release.

FORWARD-LOOKINGSTATEMENTS: This news release contains forward-looking statements,which relate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and using information currentlyavailable to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees, andthey are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect newevents or circumstances. All forward-looking statements made in thispress release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.SEDAR.COM).

1 https://www.cnn.com/2021/04/22/politics/white-house-climate-summit/index.html

2 Scope 1 and Scope 2 emissions as defined inMcKinsey&Company report, “Climate risk and decarbonization: Whatevery Mining CEO needs to know”, January 28, 2020

3 RAPPORTANNUEL D'EXPLORATION 2002, PROPRIETE LA RONDE (1323), SECTEUR LACSHORTThttp://gq.mines.gouv.qc.ca/documents/examine/GM59755/GM59755.pdf

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