IGLD PR - Director Resignation

GOLDEN INDEPENDENCE ANNOUNCES DIRECTOR RESIGNATION

Vancouver, British Columbia – March 4, 2022 – Golden Independence Mining Corp. (CSE: IGLD,

OTCQB:GIDMF, FRA:6NN) (the “Company”) announces that Don McDowell has resigned as a director of

the Company.

Jeremy Poirier, CEO and Director of Golden Independence, commented, "The Board would like to

sincerely thank Don for his service to the Company and his invaluable assistance in developing the

Independence Project. Don will remain a director of Americas Gold Exploration Inc., our joint venture

partner at the Independence Project, and we look forward to continuing to work with him in that capacity

to advance the project."

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is a development company currently focused on the advanced-stage

Independence project located adjacent to Nevada Gold Mine’s Phoenix-Fortitude mine in the Battle

Mountain-Cortez Trend of Nevada. The Independence project hosts an M&I resource of 334,300 ounces

of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021

Preliminary Economic Assessment (PEA) outlined a low-cost heap leach operation focusing on the near-

surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of US$1,078

per ounce of gold.

FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier, Chief Executive Officer

Telephone: 1.604.722.9842 Email: [email protected]

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements”

(collectively "forward-looking statements”) within the meaning of applicable Canadian and United States

securities legislation including the United States Private Securities Litigation Reform Act of 1995. All

statements, other than statements of historical fact, included herein, without limitation, statements relating

the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”,

"anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or

statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved..

Statements concerning mineral resource estimates may also be deemed to constitute forward-looking

information to the extent that they involve estimates of the mineralization that will be encountered if the

Independence project is developed. Actual future results may differ materially. There can be no assurance

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that such statements will prove to be accurate, and actual results and future events could differ materially

from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and

projections on the date the statements are made and are based upon a number of assumptions and

estimates that, while considered reasonable by the Company, are inherently subject to significant business,

economic, competitive, political and social uncertainties and contingencies. Many factors, both known and

unknown, could cause actual results, performance or achievements to be materially different from the

results, performance or achievements that are or may be expressed or implied by such forward-looking

statements and the parties have made assumptions and estimates based on or related to many of these

factors. Such factors include, without limitation: the occurrence of unexpected financial obligations,

fluctuations in the price of gold or certain other commodities; fluctuations in the currency markets; changes

in national and local government, legislation, taxation, controls, regulations and political or economic

developments; risks and hazards associated with the business of mineral exploration, development and

mining (including environmental hazards, industrial accidents, unusual or unexpected formations,

pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on

mining and employee relations. Readers should not place undue reliance on the forward-looking statements

and information contained in this news release concerning these times. Except as required by law, the

Company does not assume any obligation to update the forward-looking statements of beliefs, opinions,

projections, or other factors, should they change, except as required by law.