GDP.V · 2024-08-26 12:00:00

Golden Pursuit Completes Second and Final Tranche Financing

Financings

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank

Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT COMPLETES SECOND AND FINAL TRANCHE FINANCING

August 26, 2024 Symbol: GDP (TSX-V)

Vancouver, B.C., Canada, August 26, 2024 – Golden Pursuit Resources Ltd. (the “Company”) announces that

it has completed its second and final tranche of its private pl acement issuing (i) 630,000 flow-through units

(each, a “ FT Unit”) for an aggregate of $157,500 and (ii) 1,250,000 non-flow thr ough units (each, a “ NFT

Unit”) for an aggregate of $250,000 previously announced on July 2, 2024 and July 10, 2024. The Company

has raised a total of $842,500 and issued 1,770,000 FT Units at $0.25 and 2,000,000 NFT Units at $0.20

from both tranches.

Each FT Unit consists of one flow-through common share and one- half of one share purchase warrant for the

purchase of one common share for the price of $0.30 and having an exercise time of two (2) years and each NFT

Unit consists of one common share and one-half of one share purchase warrant for the purchase of one common

share for the price of $0.25 and having an exercise period of two (2) years.

The proceeds raised from flow-through private placement will be used to incur “Canadian exploration expense”

(within the meaning of the Act) and the proceeds raised from th e non-flow-through funds will be used for both

exploration and general working capital. The flow-through share s will qualify as “flow-through shares” for the

purposes of the Income Tax Act (Canada) (the “Act”). The Compa ny has paid a cash commission of $20,375

and granted 31,500 finder’s warra nts exercisable for a period o f two (2) years at $0.30 per share and 62,500

finder’s warrants exercisable for period of two (2) years at $0.25 per share in connection with this issue.

An Insider of the Company participated in the first tranche off ering which constitutes a "related party

transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special

Transactions (“MI 61-101”). Such participation is exempt from the formal va luation and minority shareholder

approval requirements of MI 61-101 as neither the fair market v alue of the securities acquired by the insiders,

nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization.

The Insider has subscribed for an aggregate of 1,000,000 common shares and as a result the Insider holds more

than 10 percent (10%) of the current issued and outstanding common shares.

The Private Placement is subject to final Exchange approval. All securities issued in the Private Placement will

be subject to a four-month hold period expiring December 20, 2024.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

For further information, please contact:

Golden Pursuit Resources Inc.

Tel: 604-730-6982

Renmark Financial Communications Inc.

Tel: (416) 644-2020 or (212) 812-7680

www.renmarkfinancial.com

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

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.