Golden Rapture and MINE Ca GOLD Enter into a Multimillion Dollar Earn-in and Joint Venture Agreement
GOLDEN RAPTURE AND MINE CA GOLD ENTER INTO A MULTI-
MILLION DOLLAR EARN-IN AND JOINT VENTURE AGREEMENT
August 11, 2025 – Golden Rapture Mining Corporation (“Golden Rapture” or the
“Company”) (CSE: GLDR) announces that it has granted Mine CA Gold Ltd an
option to acquire up to a 75% undivided interest in the mining claims known as the
Phillips Township Gold Project, Ontario.
The Option was granted under an earn-in and joint venture agreement signed by both
parties on July 30, 2025. Under the terms of the Agreement, Mine CA Gold Ltd will
now be the operator and can earn up to a 75% interest in the Phillips Township Gold
Project by making certain cash payments and issuing shares to Golden Rapture, plus
funding expenditures as follows:
Exercise of Option
The Optionor (Golden Rapture Mining) hereby irrevocably grants to the Optionee
(Mine CA Gold Ltd) exclusive rights and options to acquire undivided legal and
beneficial interests as follows:
(a) an undivided fifty-one percent (51%) interest in and to the Property (the “First
Option”); and
(b) an additional undivided twenty-four (24%) interest in and to the Property in
addition to the undivided fifty-one percent (51%) interest that may be acquired under
the First Options (the “Second Option”).
The Optionee (Mine CA Gold Ltd) may exercise:
(a)The First Option by:
1. Making an initial cash payment of ($50,000) payable to Golden Rapture on or
before 30th September 2025.
2. Incurring exploration expenditures of ($500,000) on the property in the first year
and another ($500,000) in the second year.
3. Issue one million (1,000,000) shares immediately to Golden Rapture. These shares
will be on hold for 12 months from the effective date of this initial agreement.
4. Issue another one million (1,000,000) shares 12 months after the effective date of
this agreement. These shares will have a 6-month hold period starting at the issue
date.
5. Make a payment of ($500,000) to Golden Rapture on or before the first anniversary
of the Effective Date; and
6. In addition of the above amount, make an additional payment of ($500,000) to
Golden Rapture on or before the second anniversary of the Effective Date.
(b) The Second Option by:
1. Incurring additional cumulative expenditures of ($1,500,000) on the Property in
accordance with the following schedule (the “Second Option Deadline”)
2. Pay Golden Rapture ($500,000) on or before the third anniversary of the Effective
Date.
3. In addition of the above amount, pay an additional ($500,000) to Golden Rapture
on or before the fourth anniversary of the Effective Date; and
4. In addition of the above amount, pay an additional ($500,000) to Golden Rapture
on or before the fifth anniversary of the Effective Date.
A joint venture shall be formed once Mine CA Gold satisfies all the terms and has
acquired a 75% undivided interest in the Phillips Township Gold Project. Mine CA
Gold will now be the operator of all future exploration expenditures and programs.
Richard Rivet, President and Chief Executive Officer of Golden Rapture Mining,
commented: "We are very pleased with the fact that this partnership will put cash in
our bank account and will significantly accelerate the development of the property
without Golden Rapture having to raise additional funds or face additional dilution
especially at a time when our share price is at near record lows."
Golden Rapture is also looking forward to exploring its two newly acquired high-
grade gold projects being the Hutchison Mine and Bully Boy Mine.
About Golden Rapture Mining Corporation
Golden Rapture Mining is a newly listed exploration company engaged in the
acquisition, exploration and development of high-potential gold projects. Its 3 projects
are comprised of highly prospective past-producing high-grade gold systems, which
include the Phillips Township Gold Project with 18 mine shafts, the Bully Boy Mine,
and the Hutchison Mine.
About Mine CA Gold Ltd
Mine CA Gold Ltd is a private holding Company soon to be listed, managed from Los
Angeles, and collaborating with existing publicly listed Companies that have access to
substantial funds.
On behalf of the Board
Richard Rivet,
Chief Executive Officer
Email: [email protected]
Phone: 780-729-5395
For more info, please look at our website at https://goldenrapturemining.com
There are 37,469,390 shares presently issued. The CSE does not accept responsibility
for the adequacy or accuracy of this press release.
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words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”,
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achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact
included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and
drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and
assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual
exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future
metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions,
uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis,
accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on
operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. Although the Company has attempted to identify important factors that could
cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors
that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-
looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-
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