GLDN.V · 2018-09-10 12:00:00

Golden Ridge Continues to Intersect Broad Intervals of Cu-Au Mineralization at Williams; Intercepts 326 metres grading 0.36 g/t Au, 0.29% Cu and 1.92 g/t Ag in HNK-18-005

Drill Results

GOLDEN RIDGE RESOURCES LTD.

#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2

T: 250-717.3151 F: 250-717.1845

www.goldenridgeresources.com

News Release

Golden Ridge Continues to Intersect Broad Intervals of Cu-Au

Mineralization at Williams; Intercepts 326 metres grading 0.36 g/t

Au, 0.29% Cu and 1.92 g/t Ag in HNK-18-005

September 10, 2018 TSX-V: GLDN

GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased

to report additional assays from the second and third holes drilled at the William’s Zone, located on

the Company’s Hank Project in BC’s Golden Triangle District. HNK -18-005 intersected similar geology

and mineralization to previously announced drill hole HNK-18-001, with 326 metres of potassic altered

monzonite and Stuhini volcanic rocks grading 0.29% Cu, 0.36 g/t Au and 1.92 g/t Ag (Figure 2).

HNK-18-002 intersected similar geology over 276.15 metres, grading 0.31% Cu, 0.24 g/t Au and 2.33

g/t Ag (Figure 3).

The strongest grades in both holes occur to the east, adjacent to a north-northeast striking fault which

appears to have dissected a portion of the higher grade mineralization . At surface east of the fault is

shallow level intense phyllic alteration, which typically caps porphyry copper -gold systems similar to

that at Williams. The current geological interpretation suggests that the rocks east of the fault have

been offset downwards relative to the west side and th at potential exists for additional high grade

mineralization below the phyllic alteration east of the fault (See Figures 2 and 3). Additional IP lines

are currently being surveyed and preliminary chargeability data support the interpretation of deeper

mineralization in the eastern block. Once the IP work is completed, the final geophysical results will be

published in a Company news release.

Drilling to the northeas t in HNK-18-013 has intersected visually strong mineralization within Stuhini

Group volcanic rocks on the east (hanging wall) side of the monzonite . The north-northeast-striking

fault is further separated from the north-striking monzonite to the north in HNK -18-013, which may

allow for a greater width of strongly mineralized hanging wall to the north. The Williams porphyry

mineralization remains open to the north and northeast along strike from HNK -18-013. Assays from

these additional hole s are pending and will be released immediately following receipt, review and

QA/QC checks.

Highlights:

- Additional drilling at the Williams Zone demonstrates continuity in thickness and grade.

- Higher grade mi neralization appears to be dissected by a fault on the eastern side , with the

potential for additional, better grade mineralization at depth to the east.

- Mineralization remains open to the north , northeast and at depth , with visually better

mineralization intercepted to the northeast.

IP Survey Update:

Preliminary raw data from the IP survey now underway by Peter E. Walcott and Associates Ltd. is

currently being reviewed on an ongoing basis by Company geologists. The data shows high

GOLDEN RIDGE RESOURCES LTD.

#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2

T: 250-717.3151 F: 250-717.1845

www.goldenridgeresources.com

chargeability values at the Williams Zone which merge with high to very high chargeability values in

the LAZ, suggesting connectivity of the two zones. Further IP lines to the southeast are currently

underway to better define the high chargeability extension to the southeast across Hank Creek.

Table 1 – Significant Intercepts

Length (m)

Dip (deg) Hole ID From (m) To (m) Interval (m)1 Au

(g/t) Cu (%) Ag (g/t)

453.24

-60o

HNK-18-002 133.85 410 276.15 0.24 0.31 2.33

including 143 157 12 0.93 0.46 5.14

including 386 400 14 0.35 0.61 6.45

550.77

-60o

HNK-18-005 148 536 388 0.33 0.28 1.89

including 148 474 326 0.36 0.29 1.92

including 148 214 66 0.79 0.56 3.30

including 160 181.4 21.4 1.22 0.87 4.75

including 356 392 36 0.42 0.39 2.69

1 The intervals reported in these tables represent drill intercepts and insufficient data is available at this time to

state the true thickness of the mineralized intervals and all gold values are uncut.

Drilling Results Update:

2018 drilling at the Company’s Hank Property has now been completed. The Company drilled 6,731

meters in total in 2018, exceeding its originally planned budget of 6,000 meters. The Company

intends to continue acquiring more IP geophysical data and that inf ormation, along with all the

remaining pending assays, will be reviewed before proceeding with additional drilling.

Comment:

Chris Paul, Vice President of Exploration for Golden Ridge, commented: “The continuity of grade and

thickness at the Williams Zone is very encouraging, as are the increasing grades toward the east. The

abrupt change in grade across the fault to the east suggests a portion of the high grade has been

displaced, possibly downwards, and the true thickness and grade of the Williams is yet to be seen.

Drilling to the northeast in HNK-18-013 has revealed more of the strongly mineralized hanging wall

east of the monzonite, which is also dissected on its eastern side . The IP survey by Peter E . Walcott

and Associates has been a valuable tool in delineating the known mineralization as well as potential

extensions to the north and south. The results so far have been excellent and once all the IP data,

assays and geology are compiled, we plan to design additional step-out drill holes and continue

targeting the extensions of the system along strike and at depth in the next phase of drilling.”

Disclosure:

The Company has posted complete assay tables for Cu, Au and Ag for the first three holes drilled at

the Williams Zone (HNK -18-001, HNK -18-002 and HNK -18-005) to it’s website in .csv format for

public download. Hole HNK-18-003 was abandoned in overburden and re -entered at a different dip.

HNK-18-004 was drilled in the Kaip Zone, assays for which are pending.

GOLDEN RIDGE RESOURCES LTD.

#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2

T: 250-717.3151 F: 250-717.1845

www.goldenridgeresources.com

Table 2 – Collar Information For Holes Drilled in the Williams Zone

Hole ID Assays

Received UTM_83E UTM_83N Elevation

(m) Azimuth Dip Length

(m)

HNK-18-001 Received 409368 6343935 1062 100 -60 425.81

HNK-18-002 Received 409585 6343829 947 275 -60 453.24

HNK-18-005 Received 409585 6343829 947 330 -60 550.77

HNK-18-007 Pending 409248 6343876 1070 45 -60 603.5

HNK-18-009 Pending 409487 6344253 1211 240 -60 424.89

HNK-18-012 Pending 409600 6343744 929 280 -60 331.32

HNK-18-013 Pending 409659 6343970 1016 280 -60 568.45

HNK-18-015 Pending 409659 6343970 1016 280 -80 520.29

Qualified Person

Wade Barnes, P.Geo., the Company’s Project Geologist , is the Qualified Person as defined by National

Instrument 43 -101 who supervised the work program and preparation of the technical data in this

news release.

About Golden Ridge

Golden Ridge is a TSX -V listed exploration company engaged in acquiring 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 copper-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 in the Hank property by performing $1.7M of exploration work by the end of 2018.

ON BEHALF OF THE BOARD OF DIRECTORS OF

GOLDEN RIDGE RESOURCES LTD.

“Mike Blady”

Mike Blady

President and Chief Executive Officer

For more information regarding this news release, please contact:

Mike Blady, CEO and Director

T: 250-717.3151

F: 250-717.1845

W: www.goldenridgeresources.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute "forward-looking information" as such term is used in

applicable Canadian securities laws. Forward -looking information is based on plans, expectations and estimates of

management at the date the information is provided and is subject to certain factors and assumptions, including:

that the Company's financial condition and development plans do not change as a result of unforeseen events, that

the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship

with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties

GOLDEN RIDGE RESOURCES LTD.

#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2

T: 250-717.3151 F: 250-717.1845

www.goldenridgeresources.com

and other factors that could cause plans, estimates and actual results to vary materia lly from those projected in

such forward-looking information. Factors that could cause the forward -looking information in this news release to

change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prov e

not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial

condition and development plans change, delays in regulatory approval, risks associated with the interpretation of

data, the geology, gr ade and continuity of mineral deposits, the possibility that results will not be consistent with

the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and

development activities and to the Company as set forth in the Company's Management’s Discussion and Analysis

reports filed under the Company's profile at www.sedar.com. There can be no assurance that any forward -looking

information will prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward -looking

information or statements. The Company undertakes no obligation to update forward -looking information or

statements, other than as required by applicable law.

Neither the 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.

409300 E

409350 E

409400 E

409450 E

409500 E

409550 E

409600 E

409650 E

409700 E

400 RL

500 RL

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1000 RL

6343700 N

6343750 N

6343800 N

6343850 N

6343900 N

6343950 N

6344000 N

6344050 N

6344100 N

6344100 N 400 RL

500 RL500 RL

600 RL600 RL

700 RL700 RL

800 RL800 RL

900 RL

1000 RL

0.2

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2000

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10000

12000

50 m

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550.8 m

HNK-18-005

60°

Cu (ppm)

Au (ppm)

409300 E

409400 E

409500 E

409600 E

409700 E

6343700 N

6343800 N

6343900 N

6344000 N

6344100 N

+13.1 m

-13 m

HNK-18-001

100

200

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400

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HNK-18-002

100

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400

500

HNK-18-005

300

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HNK-18-007

HNK-18-012

500

HNK-18-013

1200m

Lim

it of Potassic Alteration (?)

Limit of Phyllic Alteration (?)

Possible Limit of Potassic Alteration (?)

100m

388m of 0.28%Cu, 0.33g/t Au, 1.89g/t Ag

326m of 0.29%Cu, 0.36g/t Au, 1.92g/t Ag

66m of 0.56%Cu

0.79g/t Au, 3.30g/t Ag

21.4m of 0.87%Cu

1.22g/t Au, 4.75g/t Ag

B’

Normal Fault

Golden Ridge Resources ltd.

NR 09-10-2018. Figure 2

LEGEND

Mineralized Monzonite

Stuhini Volcanics

Possible Location of

Downthrown Monzonite (?)

(based on intense phyllic alteration

observed in the top of the hole in

the hanging wall of the fault and IP

chargeability/resistivity data)

36m of 0.39%Cu

0.42g/t Au, 2.69g/t Ag

409250 E

409300 E

409350 E

409400 E

409450 E

409500 E

409550 E

409600 E

409650 E

409700 E

600 RL

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6343800 N

6343850 N

6343900 N

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50 m

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453.2 m

HNK-18-002

409300 E

409350 E

409400 E

409450 E

409500 E

409550 E

409600 E

409650 E

409700 E

6343800 N

6343850 N

6343900 N

+12.8 m

-12.8 m

100

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HNK-18-001

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HNK-18-002

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HNK-18-005

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HNK-18-007

Normal Fault

100m

Golden Ridge Resources ltd.

NR 09-10-2018. Figure 3

LEGEND

Mineralized Monzonite

Stuhini Volcanics

Lim

it of Potassic Alteration (?)

Cu (ppm)

Au (ppm)

60°

Possible Location of

Downthrown Monzonite (?)

(based on intense phyllic alteration

observed in the top of the hole in

the hanging wall of the fault and IP

chargeability/resistivity data)

Limit of Pyllic Alteration (?)

Possible Limit of Potassic Alteration (?)

276.15m of 0.31%Cu, 0.24g/t Au, 2.33g/t Ag

12m of 0.46% Cu

0.93g/t Au, 5.14g/t Ag

14m of 0.61% Cu

0.35g/t Au, 6.45g/t Ag

A A’

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