Golden Pursuit Completes Financing

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT COMPLETES FINANCING

November 17, 2022 Symbol (TSX-V): GDP

Golden Pursuit Resources Ltd. (the “Company” or “GDP”) (TSX-V) announces that further to its news release dated October 11, 2022, the Company has completed its private placement. The Company has issued 2,333,333 flow-through units at a deemed price of $0.15 per unit for an aggregate value of $350,000, where each flow-through unit consists of one common share and one share purchase warrant exercisable for the purchase of one common share at the price of 15 cents and having an exercise period of two years. The Company has also issued 2,680,000 non-flow through units at a deemed price of $0.125 per unit for an aggregate amount of $335,000, where each non-flow through unit consists of one common share and one share purchase warrant for the purchase of one common share at the price of 20 cents and having an exercise period of two years.

In accordance with the policies of the TSX Venture Exchange, $5,250 in cash was paid by the Company including the grant of 42,000 compensation warrants to a finder with respect to the private placement.

All of the securities distributed under the private placement are subject to a four-month hold period, which will expire on March 8, 2023.

One of the investors is an insider by reason of being a holder of more than 10 per cent of the issued shares of the Company. The participation by such investor in the private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders nor the consideration for the securities paid by such insiders exceeds 25 per cent of the Company's market capitalization.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

CONTACT INFORMATION:

Brian McClay Email: [email protected] Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.