Independence Project Drilling Update

VANCOUVER - Golden Independence Mining Corp. reported an update on drilling progress at the Company's flagship Independence project located in the Battle Mountain-Cortez trend of Nevada. The Company has completed its 2020 resource expansion drill program at the Company's Independence project. A total of 23 reverse circulation (RC) holes were drilled with the objective of confirming the historic resource and expanding the areas of known mineralization. Assays from the recently completed drill program are being integrated with data from the 56 recently released historic RC drill holes to produce an NI 43-101 compliant resource estimate for the Independence project anticipated in Q1 2021.

Concurrent with the Q1 2021 NI 43-101 resource calculation, drilling is continuing with a 6,000-foot RC drill program targeting the extension of both known oxide and gold skarn mineralization in addition to testing the gold skarn mineralization's depth from surface. The Company also intends to drill three to five diamond core (DC) holes in early 2021 for geotechnical and engineering purposes.

"With the completion of our 2020 drill program, our next step is to table an NI 43-101 compliant resource for the Independence project in early 2021 as we advance to a PEA in the second half of this year," said, CEO, Christos Doulis. "We believe the integration of both the 23 holes drilled in 2020 plus the 56 historic holes should result in a significantly expanded resource estimate at the Independence project."