Exploration Program Announced

GOLDEN INDEPENDENCE ANNOUNCES FALL 2020 EXPLORATION PROGRAM

AT ITS INDEPENDENCE PROPERTY IN NEVADA

Vancouver, British Columbia –October 6, 2020 – Golden Independence (CSE: IGLD,

FRA:6NN) (the “Company”) announces plans for a Q4 2020 exploration program at its

Independence Gold project in Battle Mountain, Nevada (the “ Independence

Property”). The Company has secured the drilling contractor with a deposit and is

securing additional support contractors. In addition, COVID19 protocols are being

established and implemented.

The Phase 1 program, fully permitted for over 160 drill holes from over 80 sites, is

expected to commence later this month. The initial program is currently budgeted for

over 12,000 feet of diamond and reverse circulation drilling, along with concurrent

resource modelling and permitting for an open-pit heap-leach production scenario. The

drill program will focus on confirming the historic resource estimate to current and

expand the areas of known mineralization which will culminate in a resource estimate

anticipated in early 2021.

Tim Henneberry, CEO & Director, stated “We are excited to have secured a drilling

contract so quickly for the project given the high-demand for gold exploration at present.

The data we aim to gather from the 12,000 feet of drilling, in in combination with the

sixty-two holes drilled subsequent to the 2010 historic resource estimate, should allow

us to advance the resource estimate significantly. Given the strategic location of our

Independence Property, within ~3,000 feet from Nevada Gold Mines’ Phoenix-Fortitude

operation, we remain highly encouraged about the prospectivity of the project and the

potential for further discoveries.”

About Independence

The Independence property consists of 14 unpatented lode claims along with mill site

mining claims totalling 960 acres and is located 0.5 miles (800 metres) southwest of

the Nevada Gold Mines (Newmont/Barrick) Phoenix gold mine within Nevada Gold

Mines' Phoenix mine plan of operation boundary. Golden Independence has the

option to acquire up to a 75% interest in the property, through a series of cash

payments and work programs. Highlights include:

 Significantly advanced project with over $25 million in past exploration,

including the drilling of over 200 holes, metallurgical test work and site

development;

 Host to a 2010 historical estimate (see 2020-Aug-28 News Release).

 Fully permitted for the drilling of over 160 holes on 80 drill sites for resource

expansion and development drilling.

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is an exploration company currently focused on

exploring the advanced-stage Independence Gold Property located in the Battle

Mountain-Cortez Trend, Nevada and the Champ precious metal property near

Castlegar, British Columbia. The Independence Gold Property benefits from over

US$25 million in past exploration, including over 200 holes drilled, and is located

adjacent to Nevada Gold Mines’ Phoenix-Fortitude mining operations in the Battle

Mountain-Cortez trend of Nevada.

FOR FURTHER INFORMATION PLEASE CONTACT:

R. Tim Henneberry, Chief Executive Officer

Telephone: 1.250.715.5329 Email: [email protected]

Forward Looking Information

This press release contains forward-looking information (within the meaning of

applicable Canadian securities legislation) that involves various risks and uncertainties

regarding future events. Such forward-looking information includes statements based

on current expectations involving a number of risks and uncertainties and such forward-

looking statements are not guarantees of future performance of the Company, and

include, without limitation, statements relating to plans and results of exploration and

the magnitude and quality of the Independence Property, the Company’s near term

exploration plans and the preparation of an updated mineral resource statement for the

Independence Property. There are numerous risks and uncertainties that could cause

actual results and the Company's plans and objectives to differ materially from those

expressed in the forward-looking information in this news release, including without

limitation, the following risks and uncertainties; (i) risks inherent in the mining industry;

(ii) regulatory and environmental risks; (iii) results of exploration activities and

development of mineral properties and the risk that such results cause the Company to

elect to terminate the Option Agreement; (iv) risks relating to the estimation of mineral

resources; (v) stock market volatility and capital market fluctuations; and (vi) general

market and industry conditions. Actual results and future events could differ materially

from those anticipated in such information. This forward-looking information is based

on estimates and opinions of management on the date hereof and is expressly qualified

by this notice. Risks and uncertainties about the Company's business are more fully

discussed in the Company's disclosure materials filed with the securities regulatory

authorities in Canada at www.sedar.com. The Company assumes no obligation to

update any forward-looking information or to update the reasons why actual results

could differ from such information unless required by applicable law.