Rebel Zone Exploration Program To Expand Projects Scope

VANCOUVER - Golden Independence Mining Corp. has completed preliminary earthworks in preparation for an upcoming drill program at its development-stage Independence project in Nevada. The earthworks contractor has completed the road cuts and preparation of drill pad sites for future exploration drilling on the project. In addition, geologic staff have completed preliminary sampling at the newly exposed areas including sampling, mapping and prospecting of the Rebel Zone.

The Rebel Zone is located outside of the proposed open pit to the east where previous surface grab sampling of extensive silicified outcrop returned a highlight grab value of 7.72 g/t gold. Additionally, a NE striking gossanous structural zone has returned highlight grab values of 16.55 g/t and 14.45 g/t gold. The Company will look to finalize plans for drilling on receipt and interpretation of all results and remains fully permitted for an exploration drill program at the Rebel Zone.

In addition, the Company currently has two applications for water rights with the State of Nevada Division of Water Resources to support mining and production activities for the Independence project. The application process consists of 1) filing an application with supporting documents and payment of fees, 2) a 'Map Table' review, 3) sent for publication, 4) protest period, 5) Ready for Action (or "RFA"), 6) a hearing, if required, and 7) determination of action (approved with or without conditions or denied). Both of the Company's permits are currently at the Ready for Action stage and are pending approval. The Company remains optimistic about a favorable outcome as water rights were previously granted for this 480-acre parcel of land in 2013 by the State Engineer of Nevada.

"We eagerly await the results from our exploration program at the Rebel Zone which will guide future exploration and development drilling to expand the project's scope," said Jeremy Poirier, CEO. "The securing of water rights in the Buffalo Valley River Basin represents a significant de-risking milestone for the eventual development and operation of a heap-leach operation at Independence."