Exploration Update
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GOLDEN AGE EXPLORATION LTD.
Exploration Update
VANCOUVER, British Columbia, May 11, 2025 (GLOBE NEWSWIRE) -- Vancouver, B.C.: Golden Age
Exploration Ltd. (the “Company”) reports that it is planning its summer exploration program w hich is a
continuation of its Phase I MMI ™ soil geochemical sampling program and rock sampling on the Company’s
Magic Property, a gold/silver prospect in central British Columbia. Specifically, the Company sampling
program is planned to include trenching to better examine the bedrock where the altered volcanics were
discovered, which would include two 200 metre trenches across the gold, silver and cadmium MMI ™ soil
anomaly to test for mineralization associated with the anomaly.
In order to conduct this summer exploration program, the Company requires a permit from the British
Columbia Ministry of Mines, with such application for the permit having been submitted in the fall of 2024.
Since then, the Company has been working through this process and expects to have this permit on or
before May 31, 2025.
By agreements dated February 3, 2025, two private companies, each controlled by a director of the
Company, agreed to defer payment of their outstanding monthly fees (management and consulting fees)
until on or after June 30, 2027. At February 28, 2025, these outstanding fees, including GST, total
$152,775. These deferrals are non-interest bearing and are unsecured.
About the Magic Property
The Magic Property is located 105 kilometres southeast of Artemis’ Blackwater gold-silver deposit and is
on the same linear feature that crosses that property and Artemis’ Capoose property, Canagold’s Windfall
Hills property and Sun Summit’s project furthe r to the northwest. Artemis Gold Inc. (TSX -V: ARTG) has
reported that its Blackwater deposit has commenced production in January 2025 and is expected to
produce between 160,000 and 200,000 ounces during the last 8 months of 2025, despite the operation
continuing to ramp up to full production. The target on the Magic Property is mineralization similar to the
Blackwater Property and Round Mountain mine in Nevada.
About Golden Age Exploration Ltd.
Golden Age Exploration Ltd. is engaged in the business of acquisition, exploration and, if warranted,
development of mineral resource properties. Pursuant to the Option Agreement, the Company has an
option to acquire up to an 80% undivided interest in the mineral claims known as the Magic Property,
located in central British Columbia.
For more information, please refer to the Company’s amended and restated prospectus dated October
17, 2022, available on SEDAR+ (www.sedarplus.ca), under the Company’s profile or please contact:
Kevin Hanson
Chief Executive Officer
Tel: (604) 969-4070
The Company’s website address is https://goldenageexploration.com.
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The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward -looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions based on information
currently available to the Company including, but not limited to, the intended use of proceeds from the
IPO. Readers are cautioned that these forward-looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future results to differ materially from those
expected. See “Risk Factors” in the Company’s amended and restated prospectus dated October 17, 2022
available on SEDAR + at www.sedarplus.ca. These forward -looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise them to reflect new events
or circumstances save as required by law.