Corvus Gold Inc. ("Corvus" or the "Company") – (TSX:KOR, NASDAQ:KOR) is pleased to announce that, at the special meeting (the "Meeting") of shareholders and optionholders of Corvus (collectively, the "Securityholders") today, Securityholders voted overwhelmingly in favour of the resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement (the "Arrangement") between Corvus, 1323606 B.C. Unlimited Liability Company (the "Purchaser"), and AngloGold Ashanti Holdings plc. Pursuant to the Arrangement, the Purchaser will, among other things, acquire the remaining 80.5% of the outstanding common shares of Corvus (the "Common Shares"), not already owned by AngloGold Ashanti Limited and its affiliates (collectively, the "AGA Group").

81,896,879 Common Shares, representing approximately 64.48% of the issued and outstanding Common Shares as at the record date of November 22, 2021 (the "Record Date"), and 11,948,500 options of Corvus (the "Options"), representing approximately 99.53% of the issued and outstanding Options as at the Record Date, were voted at the Meeting either in person or represented by proxy. The Arrangement Resolution was approved by (i) approximately 99.45% of the Common Shares voted at the Meeting (including those held by the AGA Group); (ii) approximately 99.52% of the Common Shares and Options voted at the Meeting, voting together as a class (including those held by the AGA Group); and (iii) approximately 99.12% of the Common Shares voted at the Meeting, after excluding votes from certain shareholders, including the AGA Group, as required under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Details of the voting results from the Meeting will be filed under the Company's profile on SEDAR and under cover of a current report on Form 8-K under the Company's profile on EDGAR.

Corvus will apply for a final order of the Supreme Court of British Columbia for approval of the Arrangement on January 11, 2022. Closing of the Arrangement remains subject to certain customary closing conditions, including obtaining the final order from the Supreme Court of British Columbia. Assuming the satisfaction of these closing conditions, the Arrangement is expected to close on or around January 18, 2022. Following completion of the Arrangement, the Company expects the Common Shares to be delisted from the Toronto Stock Exchange and Nasdaq Capital Markets. The Company will also be applying to the relevant securities regulatory authorities in Canada and the United States to cease to be a reporting issuer.

Shareholders who have questions or require assistance with submitting their Common Shares in exchange for the consideration pursuant to the Arrangement may direct their questions to Computershare Investor Services Inc., which is acting as the depositary under the Arrangement. Further information regarding the Arrangement is available in the proxy statement/management information circular (the "Circular") of the Company dated November 25, 2021, which is available under Corvus' profile on both SEDAR and EDGAR.

Corvus Gold Securityholders Approve Acquisition By AngloGold Ashanti