Golcap Appoints New Interim CEO

Golcap Resources Appoints New Interim CEO

VANCOUVER, BC / October 1, 2021 / Golcap Resources Corp. (CSE:GCP)(OTC PINK:GCRCF) (the "Company"

or "Golcap") is pleased to announce that Justin Corinella has been appointed Interim CEO of the Company,

replacing Gordon Lam. Mr. Lam is resigning from the Company as President, CEO and Director. Golcap

wishes to thank the Mr. Lam for his contribution to the Company.

Justin Corinella – Interim CEO

Mr. Corinella has a broad background in public markets and corporate financing. His focus is on early -

stage venture companies with potential for large growth, scalability and value creation. He is on several

private company boards as well as currently serving as a Director, and President of Rain City Resources

Inc., a CSE listed exploration company. Mr. Corinella was the Head of Technology for Squire Mining Ltd.,

listed on the CSE, and as part of the executive team, he participated in raising $28M CAD in financing and

developed strategic partnerships with key stakeholders in North America, Europe and Asia. Mr. Corinella

is the inventor and Co-founder of Dahrwin LLC, founded in 2012, a wireless technology company based

out of New York and raised venture funding, spearheaded software & hardware development and

received five issued patents. His endeavors have positioned him as a lead in multiple R&D and Engineering

departments working on various US military and government-based technologies.

On behalf of the Board of Directors

Justin Corinella

Interim Chief Executive Officer

Email: [email protected]

Telephone: (604) 675-2011

Website: www.golcapresources.com

The information in this news release includes certain information and statements about management's view of future

events, expectations, plans and prospects that constitute forward looking statements. These statements are based

upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and

as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially

from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news

release include, but are not limited to, the Company's proposed use of the proceeds of its offering. Any number of

factors could cause actual results to differ materially from these forward-looking statements as well as future results.

Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can

give no assurances that the expectations of any forward looking statements will prove to be correct. Except a s

required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward

looking statements to reflect actual results, whether as a result of new information, future events, changes in

assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.