Golden Age Announces Option to Acquire Australian Uranium Exploration Portfolio
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GOLDEN AGE EXPLORATION LTD. ANNOUNCES
OPTION TO ACQUIRE 100% OF MAC MINERALS’
URANIUM EXPLORATION PORTFOLIO IN AUSTRALIA
VANCOUVER, British Columbia, April 15, 2026 – Golden Age Exploration Ltd. (the
“Company”) (“Golden Age”) (CSE: GDN) is pleased to announce it has entered into a
Letter of Intent (“LOI”) granting it an option to acquire 100% of the uranium exploration
portfolio in Australia (the “Property”) owned by MAC Minerals Pty Ltd. (“MAC”).
About the Letter of Intent
In consideration for the option on the exploration portfolio, Golden Age will, at the
direction of the Property vendors:
• Issue 2,000,000 common shares;
• Pay CA$50,000; and
• Reimburse certain expenses related to the LOI and the Property.
Under the terms of the LOI, Golden Age will have the right, but not the obligation, on or
before June 30, 2026, to enter into a Definitive Agreement with the parties to the LOI.
The Definitive Agreement shall provide that all issued and outstanding shares of MAC be
transferred to Golden Age upon Golden Age issuing an aggregate of 6,000,000 common
shares and paying CA$100,000.
Expenditure Commitments
The Definitive Agreement will require Golden Age to:
• undertake an aggregate of CA$1.5M of in-ground expenditures (the “First
Expenditure Commitment”) on the Property within 24 months of the signing of
the Definitive Agreement (the “First Expenditure Period”); and
• undertake an aggregate of CA$2.5M of in-ground expenditures (the “Second
Expenditure Commitment”) on the Property within 36 months from the end of
the First Expenditure Period (the “Second Expenditure Period”).
Any shortfall on the First Expenditure Commitment can be satisfied through payment of
cash or shares of Golden Age. If the First Expenditure Commitment is not met with 30
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days of the expiry of the First Expenditure Period, the Property can be reacquired by the
vendors for CA$5,000 per Project (as that term is defined below).
Any shortfall on the Second Expenditure Commitment can be satisfied through
payment of cash or shares of Golden Age. If the Second Expenditure Commitment is
not met with 30 days of the expiry of the Second Expenditure Period, the Property can be
reacquired by the vendors for $5,000 per Project.
Milestone Payments on Properties
Additionally, the Definitive Agreement shall provide for the following milestone
payments on the Property:
• Upon completion of a geophysical survey on any one of the Projects: CA$25,000
in cash and CA$75,000 which may be satisfied by the issuance of Golden Age
shares;
• Upon the commencement of drilling on any one of the Projects: CA$25,000 in
cash and CA$75,000 which may be satisfied by the issuance of Golden Age
shares;
• Upon the completion of three drillholes returning uranium grades greater than
200ppm Uranium oxide (U3O8) and greater than 3 metre intercept lengths on any
of the Projects: CA$750,000 which may be satisfied by the issuance of Golden
Age shares. This is a one-time payment, payable only once the milestone has
been achieved;
• Upon defining a Joint Ore Reserves Committee (“JORC”) compliant, or
equivalent, uranium resource of at least 15 million pounds U3O8 at grades above
300ppm on any Project: CA$1,000,000 which may be satisfied by the issuance of
Golden Age shares. This is a one-time payment, payable only once the
milestone has been achieved;
• Upon defining a JORC compliant, or equivalent, uranium resource of at least 30
million pounds U3O8 a at grades above 300ppm on any Project: CA$2,000,000
which may be satisfied by the issuance of Golden Age shares. This amount is
payable on each Project for which the milestone is achieved; and
• Golden Age shall pay a royalty of 2% net smelter returns on the Property (the
“Royalty”), including any additional projects acquired by it within the Hamilton
Basin. 1% of the Royalty can be purchased by Golden Age for CA$2,000,000 at or
prior to the completion of a Preliminary Economic Assessment prepared in
accordance with National Instrument 43-101 or a JORC Pre-Feasibility Study on
the Projects. The remaining 1% can be repurchased as agreed to by the parties,
acting reasonably, based on a fair market value at the applicable time.
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Related Party Disclosure
MAC and its principals are at arm’s length to the Company. The LOI has been entered
into pursuant to the agreement entered into between the Company and 1322645 BC
Ltd. and announced by the Company in its new release dated March 17, 2026. As such,
the transaction contemplated in the LOI is considered a “related party transaction”
within the meaning of Multilateral Instrument 61-101 (“MI 61-101”). The Company is
relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to
section 5.5(a) and from the minority approval requirements of MI 61-101 pursuant to
section 5.7(1)(a) in respect of such insider participation, as the fair market value of the
transaction, in so far as it involves interested parties, does not exceed 25% of the
Company’s market capitalization.
About the Uranium Exploration Portfolio
The Property is comprised of three projects (the “Projects” , each a “Project”): the
Hamilton Basin Project, the Algebuckina Project and the Yalyirimbi Project. The
Property represents a rare opportunity to enter the energy sector in a jurisdiction with
existing uranium mining, transportation and export regulations and infrastructure1. The
Company believes that the Property is highly prospective for large-scale, sedimentary-
hosted uranium mineralisation2.
The flagship Project, Hamilton Basin, located in South Australia, is highly prospective
for roll-front and palaeo-channel type uranium. Encompassing almost the entirety of
the sedimentary Mesozoic-Cenozoic basin after which the Project is named, covering
an area of 10,655sqkm of granted Exploration Licences (Table 1), the Hamilton Basin
Project is considered to be a large scale, untested uranium exploration target.
The Hamilton Basin Project is located in the northern central part of South Australia,
centred on longitude 134° 40’ E and latitude 26° 50’ S.
Previous exploration in the Project area has confirmed the existence of high levels of
uranium in basement rocks and high levels of uranium in the Hamilton Basin
sedimentary sequence. Furthermore, limited historical drilling in the 1980’s3 has
identified palaeo-channel-hosted uranium mineralisation.
Based on proprietary regional geological and geographical studies, and historical
exploration results, a very large roll-front uranium system is believed to have persisted
at the Hamiton Basin Project.
The Algebuckina Project is the second Project in the Property portfolio and is also
located in South Australia. The Project consists of one Exploration Licence covering
273sqkm (Table 1) and is considered prospective for roll-front and unconformity-type
uranium mineralisation.
The Algebuckina Project is also located in the northern central part of South Australia,
centred on longitude 135° 45’ E and latitude 27° 55’ S.
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Previous exploration at the Algebuckina Project identified uranium enrichment in a
basal sedimentary sequence outcropping within the Project, as well as numerous
occurrences of uranium mineralisation within basement rocks immediately south of the
Project. The proximity of uraniferous “hot rocks” is an important component of the
exploration model.
The Algebuckina Project hosts two discrete uranium exploration targets. The first, the
Hastings Target, corresponds to a known uranium occurrence within a discrete
radiometric anomaly measuring approximately 7km long. Hastings is prospective for
unconformity-related uranium mineralisation.
The second target, the Mount Harvey Target, corresponds to a discrete radiometric
anomaly associated with the sedimentary Cadna-Owie Formation, which extends for
approximately 30kms across the Project. Mount Harvey is prospective for roll-front
uranium mineralisation.
The Yalyirimbi Project, the third Project in the Property portfolio, is located in the
Northern Territory and includes one granted Exploration Licence covering 247sqkm
(Table 1) and two application Exploration Licences covering 324sqkm (Table 1). The
Company believes the Project is highly prospective for palaeo-channel and REDOX type
uranium mineralisation in the style of the Four Mile and Beverley uranium deposits of
the Frome Embayment in South Australia. The Four Mile and Beverly deposits contain
approximately 100Mlb of uranium6. Yalyirimbi is also considered prospective for ionic-
clay REE enrichment.
Yalyirimbi is located in the central part of the Northern Territory, centred on longitude
132° 50’ E and latitude 22° 35’ S.
Previous exploration at the Yalyirimbi Project, which includes airborne electromagnetic
surveying, has identified more than 50km of incised palaeo-channels containing
Eocene-aged uranium-bearing sediments. Importantly, this palaeo-channel system lies
immediately adjacent to the Yalyirimbi Range that hosts high levels of uranium in
basement rocks outside of the Project. The headwaters of the palaeo-channels
emanate from the range front draining this large uraniferous source area.
Only two historical drill holes have tested the Yalyirimbi palaeo-channel system with
both holes intersecting uranium mineralisation7 which supports the robust nature of the
exploration model. Such limited drilling – despite its success in intersecting
mineralisation – has inadequately tested the large palaeo-channel system, including
the upper reaches of the channels that lie proximal to the uranium source rocks.
Access to the publicly available airborne electromagnetic survey data, which is a
crucial geophysical technique used to identify palaeo-channel systems, marks the
Yalyirimbi Project for near-term, targeted drilling.
The Yalyirimbi Project is also considered prospective for ionic-clay hosted rare earth
elements (REE) with the world’s largest REE-uranium-phosphate deposit8, Nolans Bore,
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located 30km east of the Yalyirimbi Project and proximal to the Project’s palaeo-
channel system.
Summary
Golden Age is tremendously excited by the acquisition of this large-scale uranium
portfolio and considers the upside potential of these three Projects as unprecedented.
All Projects host existing uranium occurrences and large-scale targets that include
walk-up drill targets. The flagship Project, Hamilton Basin, has the potential to develop
into a significant roll-front uranium precinct. Golden Age is in an enviable position to
have secured exploration rights to almost the entire Hamilton Basin, which has only
seen minimal exploration historically.
The Projects comprising the Property were generated by Ross Brown, a sedimentologist
and geomorphologist with over forty years’ mineral exploration experience. In the 1990’s
Mr Brown was involved in resource drilling at the Mulga Rock uranium deposit in
Western Australia and, in 2006, founded Oklo Uranium to explore for Langer-Heinrich
style palaeo-channel uranium in Australia and Africa. Oklo listed on the Australian
Security Exchange (ASX) in 2007, raising $8M. In recent years, Mr Brown has applied his
modified uranium Exploration Model to sedimentary terrains in central Australia,
generating high-quality projects. In 2024, Mr Brown collaborated with Rob Heaslop to
secure the Mac Minerals uranium portfolio that Golden Age now has an option to
acquire.
Table 1: Tenement Details
State Project Exploration
Licence
Area
(km2) Status Grant Date Initial
Term Comments
EL 7062 1,000.00 Gra nted 7/04/2025 6 years
EL 7063 937.00 Gra nted 7/04/2025 6 years
EL 7111 821.00 Gra nted 27/03/2026 6 years
EL 7112 997.38 Gra nted 27/03/2026 6 years
EL 7113 937.00 Gra nted 27/03/2026 6 years
EL 7115 995.14 Gra nted 14/04/2026 6 years
EL 7116 996.80 Gra nted 14/04/2026 6 years
EL 7117 996.58 Gra nted 14/04/2026 6 years
EL 7118 985.32 Gra nted 14/04/2026 6 years
EL 7119 991.25 Gra nted 14/04/2026 6 years
EL 7120 997.11 Gra nted 14/04/2026 6 years
Subtotal 10,654.58
Algebuckina EL 7061 273.00 Gra nted 7/04/2025 6 years
EL 33974 247.23 Gra nted 9/05/2025 6 years
EL 34359 72.99 Application 6 years Grant estimated October-November
2026
EL 34360 251.13 Application 6 years Grant estimated October-November
2026
Subtotal 571.35
Total 11,498.93
South
Australia
Northern
Territory Yalyirimbi
Ha milton
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References
1. Geological Survey of South Australia – Uranium Critical mineral potential of South Australia –
Uranium | Energy & Mining
2. Penney, Russell, 2012 – Australian sandstone-hosted uranium deposits -
https://www.researchgate.net/publication/272225362_Australian_sandstone-
hosted_uranium_deposits
3. Poggi, J.P ., 1981 - Progress and Final Report for the Period 30/6/80 to 29/12/80 EL 653 Mount
Treloar, Afmeco Pty Ltd - https://demstedpprodaue12.blob.core.windows.net/mesac-
public/resources/files/5935738/ENV03902.pdf
4. Khakimzhanov, M., 2024 - Progress and Final Report for the Period 30/6/80 to 29/12/80 EL 653
Mount Treloar, Afmeco Pty Ltd - https://www.google.com/search?q=Marat+Khakimzhanov+-
+Geology+of+uranium+ISL+deposits+in+Kazakhstan%3A+The+origin+of+40%25+of+worldwide&
rlz=1C1UEAD_enCA1067CA1070&oq=Marat+Khakimzhanov+-
+Geology+of+uranium+ISL+deposits+in+Kazakhstan%3A+The+origin+of+40%25+of+worldwide&
gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBBzQzMmowajeoAgCwAgA&sourceid=chrome&ie=UTF -8
5. Tao, S., 2025 – Bigrlyi Mineral Resource Update -
https://app.sharelinktechnologies.com/announcement-
preview/asx/e02284ebfd8988624e9dae62205b9f24
6. South Australia's Major Operating/Approved Mines Resource Estimates and Production Statistics
- https://map.sarig.sa.gov.au/CrystalRunner/Report/Export/1?exportName=MajorProjects
7. Higgins, J. 2009 – Annual Report for Period Ending 30 December, 2008 Aileron Project EL24548
Yalyirimbi, Nupower Resources Ltd.
8. Arafura Rare Earths Limited. Nolans - Arafura
Qualified Persons
Ehsan Salmabadi, P.Geo., a Director of the Company and a " Qualified Person" for the
purposes of National Instrument 43-101, has reviewed and approved the contents of this
news release.
About Golden Age Exploration Ltd.
Golden Age is a mineral exploration company with an international reach, focused on the
acquisition, exploration, and development of high- potential resource projects in
established, mining -friendly jurisdictions globally. The Company’s core business is to
identify, analyze, and re-assess extensive historic and regional data from around the
globe to identify prospective exploration opportunities worthy of significant exploration
and exploitation. The Company’s focus extends to mining-friendly jurisdictions that offer
low political risk and a demonstrated commitment to the rule of law.
CONTACT INFORMATION:
Tibor Gajdics,
President & Director 1-778-374-0010
www.goldenageexploration.com
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FORWARD-LOOKING STATEMENTS
This news release contains certain forward- looking statements, including, but not limited to, statements with
respect to, future payments under the Agreement; entry into the Definitive Agreement and the payments and
obligations thereunder; future expenditure commitments; the prospectivity of the Property; granting of future
exploration licences; the persistence of a roll -front uranium system at the Hamiton Basin Project; the upside
potential of the Property; development of the Hamilton Basin P roject into a significant roll -front uranium
precinct; and the Company’s future plans and intentions.
Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”,
“believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward- looking statements. These statements reflect
management’s current beliefs and are based on information currently available to management as at the date
hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially from the results discussed or implied in the
forward-looking statements. These fac tors should be considered carefully, and readers should not place undue
reliance on the forward- looking statements. Although the forward- looking statements contained in this news
release are based upon what management believes to be reasonable assumptions, the Company cannot assure
readers that actual results will be consistent with these forward -looking statements. These forward- looking
statements are made as of the date of this news release, and the Company assumes no obligation to update or
revise them to reflect new events or circumstances, except as required by law.