Golden Age Update

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

GOLDEN AGE EXPLORATION LTD.

Golden Age Update

February 28, 20 23 - Vancouver, B.C. : Golden Age Exploration Ltd. (the “Company”) is plea sed to

announce that as a result of the completion of its IPO on January 13, 2023 and listing on the CSE on January

16, 2023, it has commenced planning its Phase 1 exploration program on the Company’s Magic Property, a

gold/silver prospect in central British Columbia. The program is planned to commence in June 2023 and will

consist of a MMI soil geochemistry and ground induced polarization survey program. The Magic Property is

located 105 kilometres southeast of the Blackwater gold-silver deposit. Artemis Gold Inc. (TSX-V: ARTG)

has reported that its Blackwater deposit is expected to commence production in the summer/fall of 2023.

The Company also announces that it has reached an agre ement with the option ors of the Magic

Property to extend for 12 months all of its exploration, cash and common share option requirements

to earn up to an 80% undivided interest in the in the Prop erty, except for its o ption requirement to

pay $5,000 to the optionors on or before December 9, 2023. Consequently, its next occurring

option requirements to incur $250,000 in exploration expenses and the issuance of 300,000 common

shares, both on or before December 9, 2023, have been extended to December 9, 2024.

Finally, the Company announces the launch of its new corporate website located at

https://goldenageexploration.com.

About Golden Age Exploration Ltd.

Golden Age Expl oration Ltd. is engaged in the business of acquisition, exploration and , if war ranted,

development of mineral resource properties. Pursuant to the Option Agreement, the Company has an option

to acquire up to an 80% undivided interest in the mineral claims known as the Magic Property, located in

central British Columbia.

For more information, please refer to the Compa ny’s amended a nd restated prospectus dated October 17,

2022, available on SEDAR (www.sedar.com), under the Company’s profile or please contact:

Kevin Hanson

Chief Executive Officer

Tel: (604) 969-4070

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward -looking statements, which relate t o future events or future performance

and reflect management’s current expectations and assumptions based on information currently available to

the Com pany including, but n ot limited to, the intended use of proceed s from the IPO. Readers ar e

cautioned that these forward-looking statements are neither promises nor guar antees, and are subjec t to

risks and uncer tainties that may cause future res ults to d iffer materially from those expected. See “Risk

Factors” in the Company’s amended and restated prospectus dated October 17, 2022 available on SEDAR

at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does

not assume any obligation to update or revise them to reflec t new events or circumstances save as required

by law.