Significant Mineralization In Drill Holes At The Jewel Ridge Property

VANCOUVER - Golden Lake Exploration Inc. reported on a summary and detailed assay results from six additional diamond drill holes of the ongoing Phase 2 program on the Eureka Target on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. All six holes have intersected a robust zone of "Carlin-style", oxide, significant gold mineralization in carbonates with the best intercept (based gold grade x thickness in meters) in hole JR-21-21DD which returned 39 meters from the collar averaging 1.07 g/t Au and 2.2 g/t Ag and the average over the six holes being 36 meters in thickness grading 0.81 grams gold per tonne (g/t Au) and 2.1 grams silver per tonne (g/t Au). To date, all intercepts of the Eureka Target start at surface, or at shallow depths and are targets for open-pit, heap-leachable gold operations. Hole JR-21-17DD intersected the thickest zone of gold mineralization at 47.9 meters averaging 0.42 g/t Au and 1.2 g/t Ag and returned anomalous gold values (+0.30 g/t Au) for a plus 110-meter interval.

Mike England, CEO, said, "We have followed up our initial drill results with very strong numbers demonstrating that we have hardly gotten started. Drilling on the Eureka Target on the Jewel Ridge Property continues to deliver significant intervals of oxide gold mineralization, with six impressive intercepts in all six holes reported. Our team at Jewel Ridge continues to expand the footprint of the near-surface Carlin-style mineralization. Drilling and geological mapping also continues on the property directed at the high-grade bonanza CRD mineralization. The large gold halo (+100 meter thickness) in hole JR-21-17DD, open to the north and north-east, represents an exploration target with significant tonnage potential. Activity, including drilling, will continue on the property throughout the fall."