Golden Ridge Resources Receives Approval ON Royalle Option
GOLDEN RIDGE RESOURCES RECEIVES APPROVAL ON ROYALLE OPTION
Kelowna, British Columbia – May 9, 2018 - Golden Ridge Resource s Ltd. (“Golden Ridge” or the
“Company”) (TSXV: GLDN) is pleased to announce it has received TSX Venture Exchange (“E xchange”)
approval for its option agreement (the “Option”) whereby Golden R i d g e c a n a c q u i r e a 1 0 0 % i n t e r e s t
(subject to a 2.5% NSR royalty) in the Royalle property located in British Columbia’s prolific Bralorne
mining camp, by incurring $580,0000 in exploration expenditures , $160,000 in cash payments and the
issuance of 480,000 common shares over a four year period (see news release dated April 25, 2018).
The Vendors include non-arms’ length parties, Mike Blady a dir ector and the President and CEO of the
Company and Chris Paul the Company’s VP of Exploration as such related party considerations pursuant
to Exchange Policy 5.9 and Multilateral Instrument 61-101 – Pro tection of Minority Security Holders in
Special Transactions (“MI 61-101” ) will apply. The Company reli ed on Section 5.5(a) of MI 61-101 for an
exemption from the formal valuation requirement and Section 5.7 (1)(a) of MI 61-101 for an exemption
from the minority shareholder approval requirement of MI 61-101 a s t h e f a i r m a r k e t v a l u e o f t h e
transaction insofar as the transaction involved interested part ies and did not exceed 25% of the
Company’s market capitalization.
All securities issued pursuant to the Option will be subject to a statutory four month hold period under
applicable 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-s ilver-lead-zinc property locate d in the Golden Triangle district,
approximately 140 kilometres north of Stewart, British Columbia . G o l d e n R i d g e m a y e a r n t h e 1 0 0 %
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 sta tements 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 statemen ts. The Company undertakes no obligation to update
these forward-looking statements if management's belief s, 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.