WINKF - Windfall Geotek Corporate Update

(TheNewswire)

Brossard, Quebec - TheNewswire - October 8, 2020 - Windfall Geotek (TSXV:WIN)(OTC:WINKF) a mining and technology services company andleader in the use of Artificial Intelligence (AI) and advancedknowledge-extraction techniques since 2005 in the mining sector, ispleased to report highlights for the 2nd quarter of its fiscal year in2020 and its outlook for the remaining of the year into 2021.

Michel Fontaine President & CEOof Windfall Geotek states: "It is with great pleasure that we wish to recap the salesprogress Windfall Geotek has made during our very busy Q2 period,which has generated a lot of internal excitement during a bullishmarket in the mining sector. Indeed, it has never been a better timefor digital exploration and, as such, we have been engaging withexploration companies globally."

Highlights of 2 nd quarter (Signed contract for total valueof $354,250 an increase of more than 250% over the same period lastyear)

• - Signed a series of contracts to generate high probable gold targetsin various projects in the Red Lake Mining camp. Companies include BTUMetals $50,000, Trillium Gold $100,000, and AurCrest Gold $33,000

  - Signed contract with Durango Resources for $101,250over its Windfall Lake Trove project in Quebec

  - Signed contract with Flow Metals for $60,000 at theirnew Brenda project in BC

  - Signed a contract with Playfair Mining for $10,000 toanalyze an extension zone of their project in Norway

• - Finalized agreements with representatives in Chile and Peru todevelop a series of sales to create a pipeline in the entire district

  - Windfall Geotek CARDS AI technology is now featured on www.axora.com , a newglobal platform that highlights innovation in the mining sector

  - CARDS analysis generated high probability targets to BTU Metals& AurCrest Gold in the Red Lake mining camp of Ontario with moreto follow

  - Multiple clients are drilling and validating CARDS AI targets withsubstantial success (Canada Nickel Crawford project, Quebec PreciousMetals Sakami projects)

In addition to our significant market traction for the CARDS AI-baseddigital exploration system, we were able to make significant progressregarding our land mine detection application as we received our firstdata set from testing in the desert of Arizona. The analysis of thefirst data set which was provided by drone-supported magneticsurveying resulted in highly-promising advancement of the projects. Wehave also added some new team members to our highly skilled team tohelp with the development of our land mine detection application as itis advancing rapidly. The addition of the new members will allowWindfall to dedicate a full-time person to this project without itaffecting the workflow for our mining clients. Windfall is now on apath that will allow us to market this application that could lead toa major new revenue stream and an increase in returns for WindfallGeotek shareholders.

I wish to thank our existing shareholders for their support andconfidence as we pivot the business to our new operating model andmarkets. Currently Windfall owns shares of multiple companies throughbusiness deals that has a total value of $1,350,000. It is clear thatwe are gaining momentum and are rapidly establishing ourselves as aleader in digital exploration.

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

Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary CARDSanalysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team thatincludes professionals in geophysics, geology, ArtificialIntelligence, 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. The Company's objective is todevelop a new royalty stream by significantly enhancing andparticipating in the exploration success rate of mining and tocontinue the Land Mine detection application as a high priority. Windfall has played a part in numerous pastdiscoveries utilizing its methodology as described at: https://windfallgeotek.com/ .

For further information, please contact:

Michel Fontaine

President and CEO of Windfall Geotek

Telephone: 514-994-5843

Email: michel@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 LOOKING STATEMENTS This news release maycontain forward-looking statements. Forward looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words "expects","plans", "anticipates", "believes","intends", "estimates", "projects","potential" and similar expressions, or that events orconditions "will", "would", "may","could" or "should" occur. Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results may differmaterially from those in forward looking statements. Forward-lookingstatements are based on the beliefs, estimates and opinions of theCompany's management on the date such statements were made. TheCompany expressly disclaims any intention or obligation to update orrevise any forward-looking statements whether as a result of newinformation, future events or otherwise. Neither TSX Venture Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this release

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