Approval To Drill On The Jewel Ridge Property

VANCOUVER - Golden Lake Exploration Inc. has received approval from the BLM for its near-term proposed exploration and drill plan under a "Notice of Intent" ("NOI"), which is limited to five acres of surface disturbance. EM Strategies, based in Reno, Nevada, assisted with the application. The planned surface disturbance included under this Notice consists of constructed drill sites including sumps, improvements to existing roads, and overland travel routes, with planned surface disturbance of approximately 2.49 acres, in the Eureka Tunnel target area. Under the Notice the Company has proposed 35 drill sites. The Eureka Tunnel target covers the carbonate replacement deposit (CRD) bonanza mineralization intersected in hole JR-20-12DD which returned from 15.21 meters to 18.44 meters returned 3.23 meters averaging 57.16 grams per tonne (g/t) gold (Au), 452.0 g/t silver (Ag), 7.23 per cent lead (Pb) and 11.99 per cent zinc (Zn) (see Press Release, February 23rd, 2021).

Mike England, CEO, said, "Securing approval to drill on BLM land is a significant outcome for GLM as the BLM lands are very proximal to our Bonanza hole announced in February. This considerably enhances the opportunities we are pursuing at the Jewel Ridge Project. With drilling underway this immediately gives us the freedom to drill any and all targets plotted to date in the area. Samples from the first two holes have been submitted to the laboratory for analysis."