Golden Rapture Mining Announces Milestone Event on its Properties
Golden Rapture Mining Announces Milestone
Event on its Properties
Edmonton, Alberta – February 17, 2026 – Golden Rapture Mining Corporation (CSE: GLDR) is
pleased to report a major milestone in the advancement of its property portfolio. The Company is
pleased to announce that it has completed the final option payments on its flagship Rainy River
area Phillips Gold Property, securing full 100% ownership rights. Golden Rapture also confirms
that no further property payments are outstanding on its three additional properties.
“This is an important milestone moment for Golden Rapture as we move into the 2026
exploration season with a clean, fully paid‑up property portfolio. With all four properties now
free of outstanding payment obligations, Golden Rapture will now be able to allocate capital
more efficiently toward future exploration, drilling, and value‑generating field activities, etc,”
said Richard Rivet.
Under the terms of the Phillips Gold Property Option Agreement with the Optionors being (Luc
Gagnon 50% and Daniel Darrah 50%), Golden Rapture had so far paid the Optionors a total of
$105,000 cash and has issued an aggregate of 950,000 common shares of the Company (the
“Shares”). The final consideration just paid last week included a cash payment of $10,000 and
the issuance of an additional 500,000 Shares (the “Final Share Issuance”). These Shares will be
subject to a statutory hold period of four months and one day from the date of issuance.
The Optionors will also retain a 2.5% (NSR) Net Smelter Return on all gold or mineable
products from the Property, and the Optionee has the right to purchase 1.5% from the Optionors
at a rate of $500,000.00 per 0.5% NSR.
Golden Rapture Mining Tier 1 Property Portfolio Includes Four Properties Hosting a
Combined Total of 24 Historical Mine Shafts:
1. PHILLIPS TOWNSHIP GOLD PROPERTY: The property hosts 18 historical mine shafts
and is situated in the Rainy River Mining District, NW, Ontario. Highlights of our drilling have
so far returned high-grade intercepts as high as 285.00g/t Au, with 114.96 g/t Au over 2.55
meters in hole 12 and 111.16 g/t Au over 1.50 meters in hole 17, confirming the presence of
shallow high-grade zones around the old mine shafts and also outside the extensions of the old
Combined Mine workings. Ownership 100%
Source: News release dated November 04, 2024 https://www.goldenrapturemining.com/News
2. HUTCHISON MINE PROPERTY: This gold property hosts 3 historical mine shafts located
near the large producing Equinox Greenstone Open Pit Mine, NW, Ontario. The Hutchison Mine
is located on the Northern border of the Town of Greenstone, and the newly opened Equinox
Gold Greenstone Open Pit Mine is located on the Southern border of the Town. This Geraldton-
Beardmore greenstone belt is a gold camp that has seen some twenty (20) producing mines over
the years, with the Hutchison Gold Mine once being one of the richest mines in the area. It was
mined from 1937 to 1947. Ownership 100%
More detailed info can be seen at https://www.goldenrapturemining.com/Projects/Hutchinson-Mine
3. BULLY BOY MINE PROPERTY: Includes four patented mineral claims hosting 2 historical
mine shafts. The historical records of the Bully Boy Mine are limited; however, archival Ontario
Ministry of Mines files indicate that high-grade gold was first discovered in 1885 and that it was
mined intermittently from 1898 to 1906. Ownership 50%.
More detailed info can be seen at https://www.goldenrapturemining.com/Projects/Bully-Boy-Mine
4. NORTHERN QUEEN MINE PROPERTY: This newly acquired 77 claim unit property hosts 1
historical mine shaft and is comprised of roughly 3500 acres. The Northern Queen Mine property
lies along the southern boundary of the NexGold Goliath Gold Deposit, and the eastern part of
the property is also situated on the Northern border of the Dryden Gold claims. It produced gold
and silver from 1897 to 1899. Ownership 100%
More details can be seen at: https://www.goldenrapturemining.com/Projects/Northern-Queen-Mine
“Golden Rapture is presently planning and looking forward to commencing an exploration
program this Spring. Stay tuned for upcoming updates and announcements”, said Richard Rivet.
Qualified Person
This news release has been reviewed and approved by John Archibald, independent P. Geo.,
Qualified Person as defined by National Instrument 43-101 of the Canadian Securities
Administrators.
About Golden Rapture Mining Corporation
Golden Rapture Mining is a newly listed exploration company engaged in the acquisition,
exploration and development of high-potential Tier 1 projects. Golden Rapture became listed on
the CSE on March 14 of 2024, and presently has 52,489,390 Common Shares issued
On Behalf of The Board
Richard Rivet,
President & Chief Executive Officer
Email: [email protected]
Phone: 780-729-5395
For more info, please look at our website at https://goldenrapturemining.com
Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified
by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential",
"project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be 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-
looking statements.