GLDN.V · 2018-07-12 12:00:00

Golden Ridge Resources Commences Drilling at the Kaip Zone Target with Second Diamond Drill

Exploration Programs

Kelowna, British Columbia – July 12, 2018 - Golden Ridge Resources Ltd. (“Golden Ridge” or the

“Company”) (TSXV: GLDN) is pleased to announce that drilling has commenced with a second diamond

drill rig at its Hank project located in BC’s Golden Triangle. The second drill rig is set up on the Kaip Zone

(KZ) target and is testing the continuation of mineralization at depth below HNK-17-009 (see press release

January 8, 2018). Drill hole HNK-17-009 returned 21.62m of 6.26g/t Au and 52.1g/t Ag within a crowded

feldspar porphyry dyke with higher gold and silver grades occurring within the fractured and faulted halo

of the dyke.

The Kaip Zone was named after a joint BCGS/MDRU research paper completed by Andrew W. Kaip who

recognized that the lead isotope signature of sulphides associated with gold mineralization matched that

of the Bald Bluff porphyry, a large intrusive stock at the south end of the property (Kaip, 19 97). It is

interpreted that the altered intrusive intersected in HNK-17-009 is related to the Bald Bluff porphyry and

likely represents one of several causative mineralizing intrusions on the property.

Upon completion of drilling of up to 1500m at the Kaip Zone the drill will move to the Boiling Zone target

(BZ) which consists of a 500m diameter gold-in-soil anomaly (up to 10 g/t Au) that has never been drill

tested.

Qualified Person

Wade Barnes, P.Geo. a consultant to the Company is the Qualified Person as defined by National

Instrument 43-101 who supervised the preparation of the technical data in this news release.

About Golden Ridge Resources:

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 gold -silver-lead-zinc property located in the Golden Triangle district,

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

interest in the Hank property 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 stat ements 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 thes e

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 deve lopment 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.