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Golden Tag Announces Frankfurt Stock Exchange Listing

Listings & Exchange

Golden Tag Announces Frankfurt Stock Exchange Listing

TORONTO, May 09, 2023 -- Golden Tag Resources Ltd. (“Golden Tag ” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF)

is pleased to announce the listing of the Company’s common shares on the Frankfurt Stock Exchange (" FSE") under the

trading symbol " GTD". The Company's common shares are now cross listed on the TSX Venture Exchange (TSXV) in Canada

and OTCQB in the United States. The Frankfurt Stock Exchange is one of the world's leading exchanges and Germany's most

active.

Greg McKenzie, President and CEO commented: "Concurrent with the growth in our asset base, we are experiencing growth in

our investor base from European investors, a market that has traditionally experienced a strong demand for silver. The

Frankfurt listing provides a pathway to new European investors while increasing our liquidity and trading in Europe. We look

forward to meeting our current, and future, European shareholders in the months ahead.”

The FSE is one of the world's largest international trading centers for securities. Operated by the Deutsche Boerse AG, FSE,

is the largest of Germany's seven stock exchanges, and is responsible for approximately 90 percent of all securities traded in

Germany. The FSE facilitates advanced electronic trading, settlement and information systems and enables cross-border

trading for international investors.

About Golden Tag Resources

Golden Tag Resources Ltd. is a Toronto based mineral resource exploration company. The Company holds a 100% interest,

subject to a 2% NSR, in the San Diego Project, in Durango, Mexico. The San Diego property is among the largest

undeveloped silver assets in Mexico and is located within the prolific Velardeña Mining District. Velardeña hosts several mines

having produced silver, zinc, lead and gold for over 100 years. For more information regarding the San Diego property please

visit our website at www.goldentag.ca.

For additional information, please contact:

Greg McKenzie, President & CEO

Ph: 416-504-2020

Email: [email protected]

www.goldentag.ca

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts

responsibility for the adequacy or accuracy of this news release.

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-

looking statements are within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities

Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not

comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s

future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or

result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”,

“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address

future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are

based on information currently available to the Company, the Company provides no assurance that actual results will meet

management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause

actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such

forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s

intentions regarding its objectives, goals or future plans and statements, increases in liquidity or trading in Europe or North

American markets. Factors that could cause actual results to differ materially from such forward-looking information include,

but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including

but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and

international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to

reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of

metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project

approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in

the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing;

inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital,

operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and

development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company

believes that the assumptions and factors used in preparing the forward-looking information in this news release are

reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release,

and no assurance can be given that such events will occur in the disclosed time frames or at all. 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. No stock exchange, securities commission or other regulatory authority has

approved or disapproved the information contained herein.