GOLD Runner Issues Shares Portion of Option Payment FOR Falcon Property Near Elko, Nevada
GOLD RUNNER EXPLORATION ISSUES SHARES PORTION OF OPTION PAYMENT FOR FALCON
PROPERTY NEAR ELKO NEVADA
Vancouver, British Columbia, January 16, 2026 – Gold Runner Exploration Inc. ( CSE: GRUN,
Frankfurt: CE70) (“Gold Runner” or the “Company”) has issued 40,000 shares to the Falcon Mine
Group (“FMG”) in respect of its option agreement to purchase 100% of the Falcon Project (“Falcon”
or the “Property”). The Company also announces that by mutual agreement between FMG and Gold
Runner, the payment date of the cash portion of the Option Payment is amended to, on or before April
30, 2026.
The Falcon project under the Option Agreement comprises eighty-seven (87) unpatented lode claims
and six (6) patented claims associated with the historic Falcon mine. Subsequent claim staking by
the Company expanded the Falcon Project to 124 total claims comprising approximately 883
hectares or 2,183 acres. The property is situated less than 2 kilometers (“km”) south of Gold Runner’s
Rock Creek prospect and southwest of Gold Runner’s Dry Creek prospect (see Map 1), placing all
three properties in close proximity for a total of 239 claims.
Gold Runner’s Tuscarora district play (Rock Creek, Dry Creek, and Falcon) is in a highly prospective,
prolific gold region (see Map 2). The properties are surrounded on three sides by sizeable, “world-
class” gold deposits and mines, including the Midas mine, approximately 35 km to the west-
southwest, which has produced more than 2.2 million ounces Au and 26.9 million ounces Ag with
proven and probable reserves of an additional 2.73 million Au and 199.92 million ounces Ag from an
epithermal Ag (Au) deposit (Hecla Mining Company Website – 2022); the Goldstrike complex,
approximately 40 km south, which produced an incredible 47.8 million ounces Au by the end of 2023
from Carlin-type deposits (Nevada Bureau of Mines and Geology Special Report MI-2023); and the
Jerritt Canyon mine, approximately 30 km to the east (further oƯ Carlin Trend than the Tuscarora
properties), which has produced 9.7 million ounces Au from a Carlin-type gold deposit (Technical
Report on the Jerritt Canyon Mine, Elko County, Nevada, USA Report for NI 43-101 – 2021), with
continued exploration ongoing. The information provided herein from neighbouring projects and
properties should not be relied upon as indicators for the determination of mineralization or potential
results of the Company’s properties.
The Falcon property occurs in the southwest portion of an Eocene-aged caldera complex, hosted in
a sequence of Devonian sedimentary rocks overlain by andesitic, dacitic, and rhyolitic volcanic rocks
of the Tuscarora volcanic field (Roney Long, 2000 – The Falcon Mine Project). Our exploration concept
at Falcon is very similar to and consistent with our targeting model at Rock Creek and Divide. The
historic production and exploration at Falcon focused on silver mineralization in epithermal veins in
the upper volcanic sequence. As with the Rock Creek and Dry Creek properties, previous work at the
Falcon prospect resulted in stratigraphic interpretations of the surface metasedimentary sequence
which indicate the possibility of a Carlin-type host rock at relatively shallow depths (Roney Long,
2000 – The Falcon Mine Project). As such, we see both shallow, high grade silver vein targets and
deeper, disseminated Carlin-type Au (Ag) targets at Falcon.
MAP 1
The company is currently scheduling extensive, property wide mapping and sampling at Falcon
following up on its initial sampling along 900 meters of float and outcrop of the quartz vein that hosts
the historic Falcon Mine. This wide vein (up to 40 feet wide) is one of 18 known veins raking north
from the Falcon property up to and along the length of the Rock Creek Property. Thirty-nine samples
were collected and submitted for geochemical analysis with detectable gold or silver in all but one
sample. Four samples had greater than 25 grams per tonne (“gpt”) silver, including samples
FAL23_36 at 720 gpt Ag and FAL23_37 at 238 gpt Ag. Both of the highest two silver samples were
taken from the Falcon mine area, both had elevated gold, arsenic, and antimony, and both had visible
sulfides. Five samples had greater than 0.5 gpt gold, including sample FAL23_13 at 1.131 gpt Au.
MAP 2
Sampling to date by the Company at Falcon and Rock Creek has demonstrated combined,
confirmed, continuous strike length of approximately 6 km with an untested interval of
approximately 2.5 km between Rock Creek and the Company’s Falcon sampling implying potential
mineralized strike length of 8.5 km. In addition, the veins are open at both the south and north ends
of known mineralization.
In addition to the Company’s maiden drill program planned for its Rock Creek property just to the
north, the Company intends to assess and identify next exploration steps including mapping out its
initial drill program for Falcon, over the upcoming exploration season.
This News Release was jointly prepared with Dr, Craig J Mach, PhD. Geology, and has been approved
by Alan Morris, M.Sc., CPG #10550. Alan J. Morris is a Qualified Person as defined by NI 43-101 and
has reviewed the scientific and technical disclosure included in this news release.
On Behalf of the Board of Directors,
Chris Wensley
About Gold Runner Exploration Inc:
Gold Runner Exploration is an experienced exploration company focused on the exploration of gold
and silver properties located in the prolific mining districts of Canada and the USA.
The Rock Creek gold project is Gold Runner's flagship asset, with 74 unpatented lode mining claims wholly
owned and controlled by the Company. Emboldened by the results coming out of Rock Creek, the Company
strategically expanded the land position with the acquisition of the nearby Dry Creek prospect and the
acquisition of the Falcon silver-gold prospect in September 2022. Between the three properties, all targeting
similar mineralization and likely the same hydrothermal system, Gold Runner Exploration now holds 239 total
claims in close proximity of one another. These three gold prospects are situated in a region with proven "world-
class" gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle, and Gold Quarry), where the potential
of finding large, high-grade gold-silver deposits is favourable.
Gold Runner also holds a 10% carried interest in the Cimarron project located in the San Antonio Mountains of
Nye County, Nevada, and comprises 31 unpatented lode mining claims, including control of 6 historically
producing claims associated with the historic San Antonio mine. The property is located in the prolific Walker-
Lane trend, approximately 44 km south of the "world-class" Round Mountain deposit.
For further information, please contact:
Chris Wensley, Director, Chief Executive Officer
Email: [email protected]
Website: www.Goldrunnerexploration.com
Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information” under applicable
securities laws. All statements in this release, other than statements of historical facts, including but not limited to those
that address acquisition of any properties and future work thereon, mineral resource and reserve potential, exploration
activities and events or developments that the Company expects is forward-looking information. Although the Company
believes the expectations expressed in such statements 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 statements.
There are certain factors that could cause actual results to differ materially from those in the forward-looking information.
These include the results of the Company’s due diligence investigations, market prices, exploration successes, continued
availability of capital financing, and general economic, market or business conditions, and those additionally described in
the Company’s filings with the Canadian securities authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking information. For more information on the
Company, investors are encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims
any intention or obligation to update or revise any forward- looking information, whether as a result of new information,
future events or otherwise, other than as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE