Golden Independence Mining Submits Independence Project Description to BLM

VANCOUVER - Golden Independence Mining Corp has filed preliminary documents with the Bureau of Land Management (BLM), to address the informational requirements outlined in BLM Instruction Memorandum NV-2014-019 or BMD-2018-IM 003, for a hard rock precious metal development operation at Independence. These include a description of the project and the proposed Site Layout.

The Company, working with its consultants, continues to advance the Independence project with an updated NI 43-101 compliant resource estimate anticipated in mid H1 2021, followed by a PEA during H2 2021. Dyer Engineering has prepared an initial Site Layout for the project with all the proposed facilities lying inside the Independence project's 640-acre area which sits within the permitted Plan of Operations for NGM's Phoenix mine. This proposal has been sent to the BLM for their review and commentary.

In Q4 2020, Golden Independence completed a 23 hole RC drill program at the Independence project designed to confirm and expand the project's Historical resource. Assays from seven of these holes have been released to date with the balance anticipated before the end of Q1 2021. Results from these holes will be incorporated into the upcoming NI 43-101 compliant resource estimate. An additional 13 RC holes were completed in Q1 2021 with assays pending. Results from these drill holes may or may not be included in the upcoming resource estimate subject to receipt of assays. Ultimately these holes will be included in any subsequent resource updates on the project. In total, Golden Independence has completed drilling of 25,340 feet in 36 RC holes and 1,903 feet in 5 bore holes on the Independence project.