December 2025 Golden Age Options Black Hawk Gold Project, Acquires Expansive Thompson Claims and Provides Magic Property Update
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LEGAL\82077124\2
GOLDEN AGE EXPLORATION LTD.
Golden Age Exploration Options Black Hawk Gold Project, Acquires
Expansive Thompson Claims and Provides Magic Property Update
VANCOUVER, BRITISH COLUMBIA – December 11, 2025 – Golden Age Exploration Ltd. (“Golden Age”
or the “Company”) (GDN: CSE) is pleased to announce it has entered into an option agreement (the “Option
Agreement”) with three individuals (the “ Optionees”) to acquire a 100% interest in the high-grade Black Hawk
Gold Project (the “Black Hawk Project ”), a 330 -hectare prospect located approximately 19 kilometers north-
northwest of Vernon, British Columbia. Simultaneously, the Company has also acquired a 100% interest in the
adjacent Thompson Claims (the “Thompson Claims”), a strategic 4300-hectare land package.
Details of the Option Agreement
Pursuant to the terms of the Option Agreement, the Company was granted an option (the “ Option”) to acquire up
to 100% of the Black Hawk Project. The Option can be exercised by the Company on or prior to the fourth
anniversary of the Option Agreement (the “Option Expiration Date”) by making the cash payments, issuances of
common shares in the capital of the Company (the “ Shares”) and incurring the exploration expenditures
(collectively, the “ Expenditures”) on or before the dates indicated in the table below. The date of closing
(the “Closing Date ”) will be such date that is mutually agreed to by the Company and the Optionees after
satisfaction or waiver of all the conditions set forth in the Option Agreement.
Payment Period
Minimum
Expenditures
Cash
Payment
Share
Issuance
On or before February 28, 2026 - $20,000(1)
On or before the date that is one year
from the Closing Date $75,000 $35,000 75,000
On or before the date that is two years
from the Closing Date $150,000 $45,000 75,000
On or before the date that is three year
from the Closing Date $250,000 $50,000 150,000
On or before the date that is four year
from the Closing Date $450,000 - -
In connection with the Option Agreement, the Company also granted a 1.5% net smelter return royalty to the
Optionees, which may be reduced to 1.0% on payment to the Optionees of $1,000,000. Also, upon the Company
obtaining a compliant technical report that reports a resource of a minimum of 1,000,000 ounces of gold or equivalent,
then the Company will pay to the Optionee a milestone payment of $0.25 per gold equivalent ounce reported. The
Company has the option to pay all cash payments, Expenditures in common shares of the Company.
Closing of the Option Agreement remains subject to, without limitation, receiving all necessary consents and
approvals, as well as the satisfaction of customary closing conditions.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LEGAL\82077124\2
Details of Purchase Agreement
Pursuant to a Mineral Property Purchase Agreement, the Company acquired an undivided 100% interest in the
Thompson Claims in consideration of the payment of $26,000.00
Magic Property
The Company’s Magic Property is an early -stage mineral exploration prospect which encompasses four mineral
tenures totalling 1,294 hectares located south of Nazko, in the Chilcotin District of central British Columbia
approximately 75 kilometres southwest of Quesnel, B.C. The Magic Property is located 105 kilometres southeast
of Artemis Gold Inc.’s (TSX-V: ARTG) 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 further
to the northwest. Artemis has reported that its Blackwater deposit commenced commercial production on May 1,
2025. The Company has an option to acquire up to an 80% undivided interest in the Magic Property, afte r which
the agreement becomes a JV with the optionor.
While permitting delays prevented the execution of the planned 2025 summer exploration program on its Magic
Property, this has allowed the Company to thoroughly refine its exploration strategy and optimize its Phase I MMI
™ soil geochemical sampling program and rock sampling program for execution in the spring/summer of 2026.
The Company will also prioritize trenching to further investigate the encouraging altered volcanics discovered on
the Property. If successful, the tr enching program is expected to define the near -surface extent of mineralization,
reveal geological structures controlling gold and silver distribution and provide representative samples for assay.
Golden Age is committed to working collaboratively with the Nazko First Nation. The Company had an
encouraging initial meeting with representatives of the Nazko First Nation, including the Nazko Economic
Development Corporation.
About Golden Age Exploration:
Golden Age is a dynamic mineral exploration company with an international reach, focused on the acquisition,
exploration, and development of high -potential gold and silver projects in premier, mining -friendly jurisdictions
globally. The Company’s core business is to meticulously identify, analyze, and re -assess extensive historic and
regional data from around the globe to pinpoint “Best In Their Class Resource Assets ” worthy of significant
exploration and exploitation. The Company’s focus extends to mining-friendly jurisdictions that offer low political
risk and adhere to the letter of the law. The acquisition of the high -grade Black Hawk Project and the adjacent
expansive Thompson Claims in British Columbia perfectly exemplifies thi s strategy. This strategic assembly of
land consolidates a compelling 4,630-hectare package within a premier and stable jurisdiction.
Use of Artificial Intelligence (AI) in Company Assessments and Planning
The Company is committed to leveraging cutting -edge technologies to enhance its exploration and strategic
decision-making. The Company utilizes advanced Artificial Intelligence (AI) and machine learning tools in its
assessment, data analysis, organizational planning, and strategic project selection processes. These technologies aid
in the efficient processing of vast datasets, identification of complex patterns, and generation of insights, thereby
augmenting the capabilities of our human geological and management teams. While AI tools enhance our analytical
capabilities and contribute to the efficiency and depth of our assessments, they are based on algorithms, historical
data, and predictive models. As such, their outputs are inherently subject to the limit ations, assumptions, and
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LEGAL\82077124\2
potential biases of these models. The use of AI does not eliminate the inherent risks and uncertainties associated
with mineral exploration, resource estimation, and the forward-looking statements contained in our disclosures. All
interpretations, final st rategic decisions, and exploration plans are ultimately subject to the rigorous review and
judgment of our qualified human geological and management teams. Investors should not place undue reliance on
the Company's use of AI as a guarantee of future performance or outcomes.
GOLDEN AGE EXPLORATION LTD.
Per: “Kevin Hanson”
Kevin Hanson, CEO
CONTACT INFORMATION:
Kevin Hanson
Chief Executive Officer
Tel: (604) 969-4070
The Company’s website address is www.goldenageexploration.com
Forward-Looking Statements:
This news release contains forward ‐looking statements and forward‐looking information (collectively, “forward‐
looking statements”) within the meaning of applicable Canadian legislation. Forward ‐looking statements are
typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”,
“may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar
expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or
be taken or achieved. All statements in this news release that are not purely historical are forward ‐looking
statements and include statements regarding beliefs, plans, expectations and orientations regarding the future, the
Company obtaining all required consents and approvals for the Option Agreement, the Company’s ability to satisfy
the required cash payments, issue the Shares and incur the Expenditures to exercise the Option, and the Company’s
ability to close the Option Agreement. Although the Company believes that such statements are reasonable and
reflect expectations of future developments and other factors which management believes to be reasonable and
relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward‐
looking statements in this news release, the Company has applied several material assumptions, including without
limitation, that market fundamentals will support the viability of critical mineral resource exploration, the
availability of the financing required for the Company to carry out their planned future activities, and the
availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the
future results or performance of the Company, including general economic, market or business conditions, future
prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations
and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully
described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made
by the Company with Canadian securities regulatory authorities under the Company’s SEDAR+ profile. Ongoing
labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in
Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic
conditions and increasing economic uncertainty, which may impact the Company’s operating per formance,
financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LEGAL\82077124\2
that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated
by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
Readers are cautioned that forward ‐looking statements are not guarantees of future performance or events and,
accordingly, are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty
of such statements. the Company does not undertake any obligation to update such forward ‐looking information
whether because of new information, future events or otherwise, except as expressly required by applicable law.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is
defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.