Golden Ridge Announces Flow-Through Share Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

GOLDEN RIDGE ANNOUNCES FLOW-THROUGH SHARE FINANCING

Kelowna, British Columbia – December 14, 2017 - Golden Ridge Resources Ltd. (“Golden Ridge” or the

“Company”) (TSXV: GLDN) is pleased to announce a non -brokered private placement flow -through

financing (the "Offering") to sell up to 3,500,000 flow-through common shares (“FT Shares”) at a price of

$0.20 per share for aggregate gross proceeds of up to $700,000.

The Company will pay a finder's fee on the Offering, comprised of a cash fee equal to 6% of the gross

proceeds raised from the sale of FT Shares and warrants equal to 6% of the number FT Shares is sued.

Each such finder warrant will entitle the holder to purchase one common share at a price of $0.25 for a

period of 12 months following the applicable closing of the Offering.

The Offering remains subject to the approval of the TSX Venture Exchange (“Exchange”). The proceeds

will be used by the Company for exploration activities on it Hank Property located in British Columbia.

All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold

period under applicable securities laws.

The FT Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities

laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent

registration or any applicable exemption from the registration requirements of the U.S. Securities Act and

applicable U.S. state securities laws.

About Golden Ridge Resources:

Golden Ridge is a TSX -V listed exploration company engaged in a cquiring and advancing mineral

properties located in British Columbia. Golden Ridge currently has an option to acquire a 100% interest

in the 1,700 -hectare Hank gold -silver-lead-zinc property located in the Golden Triangle district,

approximately 140 kilometres north of Stewart , British Columbia. Golden Ridge may earn the 100%

interest by performing $1.7M of exploration work by the end of 2018.

For more information please contact:

Golden Ridge Resources Ltd.

Mike Blady

Chief Executive Officer

Tel: (250) 768-1168

Website: www.goldenridgeresources.com

Cautionary Statement Regarding Forward Looking Statements

This release includes certain statements that may be deemed to be "forward -looking statements". All

statements in this release, other than statements of historical facts, that address events or developments

that management of the Company expects, are forward-looking statements. Although management believes

the expectations expressed in such forward -looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance, and actual results or developments may differ

materially from those in the forward -looking statements. The Company undertakes no obligation to update

these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should

change. Factors that could cause actual results to differ materially from those in forward-looking statements,

include market prices, exploration and development successes, continued availability of capital and

financing, and general economic, market or business conditions. Please see the public filings of the Company

at http://www.sedar.com/ for further information.