Golden Rapture Amends Option Agreement on its Phillips Township Property
Golden Rapture Amends OpƟon Agreement on its Phillips Township Property
Edmonton, Alberta – June 24, 2025 – Golden Rapture Mining CorporaƟon (CSE: “GLDR”) is
pleased to announce that its board of directors has approved the amendment of the opƟon
agreement on its Phillips Township property located in the Rainy River District, NW Ontario.
The Company and the property vendors have both agreed to amend the original property
option agreement terms:
WHEREAS:
The parƟes agree to amend the terms of the remaining two payments, which were originally:
$45,000 and 200,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$50,000 and 250,000 shares on 4th anniversary on or before Sept. 25, 2026.
NEW TERMS:
The new amended payment schedule is shown below:
$10,000 and 500,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$10,000 and 500,000 shares on 4th anniversary on or before Sept. 25, 2026.
All other terms of the original agreement will remain the same.
Richard Rivet said:
“We are pleased to have successfully negoƟated these new amendments to our Phillips
Township property opƟon agreement, which will save the company $75,000 in cash payments.
We are also waiƟng for the results of our recent surface sampling program, which was recently
completed with 73 samples sent to the Agat Lab in Thunder Bay. The program tested areas
where strong linear anomalies were idenƟfied throughout the project area, with the strongest
anomalies occurring in the northeast corner. We expect to receive the results next week.”
Qualified Person
The technical and scienƟfic informaƟon in this news release has been reviewed and approved
by John Archibald, P .Geo., ExploraƟon Manager of Golden Rapture, who is a Qualified Person as
defined by NI 43-101.
About Golden Rapture Mining
CorporaƟon Golden Rapture Mining is a newly listed exploraƟon company engaged in the
acquisiƟon, exploraƟon and development of high-potenƟal assets. The company’s Phillips
Township Property is located in the Rainy River District of NW Ontario. It is comprised of
10,000+ acres of highly prospecƟve past-producing high-grade gold systems with a total of 18
mine shaŌs on the property.
Golden Rapture has was listed for trading on the CSE on March 8, 2024, and the current number
of issued and outstanding shares is 37,469,390. The Canadian SecuriƟes Exchange has not
reviewed or approved the contents of this news release.
On behalf of the Board
Richard Rivet, Chief ExecuƟve Officer
Email: [email protected]
Phone: 780-729-5395
For more info, please look at our website at hƩps://goldenrapturemining.com
Forward-looking statements include predicƟons, projecƟons, and forecasts and are oŌen, but not always, idenƟfied by the use
of words such as “seek”, “anƟcipate”, “believe”, “plan”, “esƟmate”, “forecast”, “expect”, “potenƟal”, “project”, “target”,
“schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions and includes the negaƟves thereof. All statements other than statements of historical
fact included in this release, including, without limitaƟon, statements regarding the Company’s planned exploraƟon programs
and drill programs and potenƟal significance of results are forward-looking statements that involve various risks and
uncertainƟes. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anƟcipated in such statements. Forward-looking statements are based on a number of
material factors and assumpƟons. Important factors that could cause actual results to differ materially from Company’s
expectaƟons include actual exploraƟon results, changes in project parameters as plans conƟnue to be refined, results of future
resource esƟmates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or
business condiƟons, uninsured risks, regulatory changes, defects in Ɵtle, availability of personnel, materials, and equipment on a
Ɵmely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanƟcipated environmental
impacts on operaƟons and costs to remedy same, and other exploraƟon or other risks detailed herein and from Ɵme to Ɵme in
the filings made by the Company with securiƟes regulators. Although the Company has aƩempted to idenƟfy important factors
that could cause actual acƟons, events, or results to differ from those described in forward-looking statements, there may be
other factors that cause such acƟons, events, or results to differ materially from those anƟcipated. There can be no assurance
that forward-looking statements will prove to be accurate, and accordingly readers are cauƟoned not to place undue reliance on
forward-looking statements.