GOLDEN PURSUIT COMPLETES FINANCING

Vancouver, B.C., Canada, December 15, 2020 – Golden Pursuit Resources Ltd. (the “Company”) announces that further to its news releases dated November 11, 2020 and December 7, 2020, the Company has completed a non-brokered private placement financing of 3,425,000 units where each unit comprises of one common share and one share purchase warrant exercisable at $0.30 for two years for an aggregate amount of
$685,000.

The Company has paid a cash commission of $48,000 and granted 240,000 finder’s fee warrants.

All securities issued are subject to a four month hold period which will expire on April 11, 2021.

The Company will not be proceeding the with the investor relations agreement with Derrick Townsend.

GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President

CONTACT INFORMATION:
Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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GOLDEN PURSUIT ANNOUNCES TERMINATION OF STEVENS GOLD JOINT VENTURE


Vancouver, B.C., Canada, December 04, 2020 – Golden Pursuit Resources Ltd. (TSX-V GDP), (the “Company”) announces that it has received notice of termination of its joint venture with Stevens Gold Nevada Inc. (CSE: SG). Recent drilling of 630 meters in 3 reverse circulation holes drilled from August 17 – 24, 2020 resulted in no significant mineralization.

The Company intends to maintain ownership of the Black Point claims located in Eureka County which were the subject of the joint venture. These claims will be included in the portfolio of 11 mineral properties owned 100% by the Company in the State of Nevada. Although the primary focus of Golden Pursuit has now changed to the development of the Gordon Lake District in the NWT where the company owns a total of 6 former producing mining properties located on Gordon Lake, NWT. A NI 43-101 report describing these properties including a detailed future development plan for the district has been commissioned with Aurora Geoscience
Ltd.

GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President

CONTACT INFORMATION:
Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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GOLDEN PURSUIT ANNOUNCES PRIVATE PLACEMENT OF 2,500,000 UNITS @ $0.20

Vancouver, B.C., Canada, November 11, 2020 – Golden Pursuit Resources Ltd. is undertaking a proposed non-brokered private placement of up to 2.5 million units of the company at a price of 20 cents per unit, for aggregate gross proceeds of up to $500,000. Each Unit will be comprised of one common share (a “Common Share”) and one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.30 for a period of eighteen months from the date of issuance. The Units will be offered in each province of Canada pursuant to available prospectus exemptions.

The Company has engaged an exclusive finder in connection with the Offering (the “Finder”). The Company has agreed to pay the Finder a cash commission of 8% of the proceeds of the Offering introduced by the Finder. In addition, the Company has agreed to issue to the Finder compensation options equal to 8% of the number of Units sold to subscribers introduced by the Finder. Each Compensation Option will entitle the holder thereof to purchase a Unit for $0.30 for a period of eighteen months from the date of issuance.

The Company will use the net proceeds of the Offering to fund exploration and development activities at the Gordon Lake Project and WT- Myrt Lake Gold Project and for general administrative and corporate purposes. The offering is subject to regulatory approvals, including conditional acceptance by the TSX Venture Exchange. The securities issued under the Offering have a hold period of four months and one day from the date of issuance.

The company intends to commission a NI43-101 compliant report to list as a “property of merit” and to outline a plan for development of the Gordon Lake and WT projects in the NWT. For further information on these project, please visit the company’s website (www.goldpursuit.ca).

About Golden Pursuit Resources

Golden Pursuit Resources is an exploration and project generator company focused on its portfolio of 15 mineral properties located in Nevada and the development of its recently staked Gordon Lake Project, located 85 kms N of Yellowknife NWT. Golden Pursuit owns100% of all properties with no royalties. The company has a carried 40% interest in a joint venture on its Blackpoint Prospect located 8 kms north of Eureka Nevada and is awaiting assays from a recently completed drill program.

On Behalf of the Board of Directors,

GOLDEN PURSUIT RESOURCES LTD.

Brian McClay

President/CEO

For further information please contact:

Investor Relations

Brian McClay

Tel: +1 (604) 730.6982

Email: info@goldpursuit.ca 

https://www.GoldPursuit.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Golden Pursuit’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include statements concerning Golden Pursuit’s expected use of proceeds of the Offering and all other statements that are not statements of historical fact.

Although Golden Pursuit believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Golden Pursuit to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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GOLDEN PURSUIT ANNOUNCES ACQUISITION OF 5 HISTORICAL SMALL SCALE MINES/DEPOSITS, GORDON LAKE NWT

View Historical Reports here

Vancouver, B.C., Canada, October 28, 2020 – Golden Pursuit Resources Ltd. (the “Company”) wishes to announce the acquisition of new mineral tenure at Gordon Lake, NWT. The company staked a total of 13 Territorial mineral claims covering 3,532 ha and 12 Federal mineral claims covering 1,686 ha. This new mineral tenure is in addition to company owned mineral leases of 378 ha.. The company has had leases covering the main zones of mineralization at Kidney Pond since 1996.  The new mineral tenure covers a former producing small scale mine known as Camlaren and minor producing small scale advanced projects like Burnt Island, West Bay Mine and Argonaut (tungsten). The properties are located 85 Km northeast of the city of Yellowknife in the Northwest Territories (NWT), Canada with access via the Tibbitt to Contwoyto winter road which traverses the properties. 

Historically, the NWT has been host to some significant gold mines in Canadian history, including:

Con Mine (1938 – 2003) was the first gold mine developed in the Northwest Territories on the south side of Yellowknife and produced over 5 million ounces of gold.

Giant Mine, located on the north side of Yellowknife, produced 7 million ounces of gold. Giant and Con were two of the longest continuous gold mining operations in Canadian mining history.

The historic Discovery Mine is located 85 km NNE of Yellowknife and just 35 km WNW of the Gordon Lake properties. Production from 1949 to 1969 totaled one million oz of gold produced from one million tons of ore. 

The southern Gordon Lake area is underlain by the Archean Yellowknife Supergroup which is locally made up of a turbidite sequence composed predominantly of greywacke, mudstone, siltstone and less abundantly argillite. Gold lode deposits, hosted within shear zones of metavolcanic belts, have produced some of the world’s largest gold mines. Consequently, exploration has focussed on lineaments within these belts. Commonly associated metaturbidite terrains are good exploration targets but a better understanding of structural and lithological ore controls and their genesis is required. Turbidite hosted deposits include Bendigo-Ballarat-Victoria gold fields of Australia (80 million oz. production), Meguma Group in Nova Scotia (1.2 million oz production) and the recent Newfoundland exploration success of NewFound Gold Corp. There is good exploration potential for a large tonnage, bulk mining operation based upon the recent discovery of disseminated gold in metasedimentary rocks at many former gold districts.

The Gordon Lake area is well known for its many gold occurrences. Frequently these occurrences have exceptional grade but limited extent. Historical work was concentrating on gold grade needing to be greater than 0.5 oz/ton. The company feels that many of the historical occurrences should be re-evaluated in the context of 2020 gold prices to better understand their relevance in todays gold price environment.

Any reference to a resource at the Gordon Lake south area should be considered historical and a non-compliant NI 43-101 resource. 

Gold production in the South Gordon Lake area is summarized as:

Camlaren – In 1937/38; 13,177 tons of ore graded 0.62 oz/ton. In 1963, 12,174 tons graded 1.14 oz/ton. In 1978, the resource was estimated at 56,000 tons grading 0.62 oz/ton. In 1980; 12,282 tons of ore graded 0.42 oz/ton. In 1981; 39,680 toms of ore graded 0.44 oz/ton. 

Burnt Island – The only reported resource from Burnt Island comprised a was in 1989 estimation of 1,300 tons grading 2.11 oz/ton down to the 100’ level. 

Kidney Pond (Mahe) – The only reported resource from 1995 comprises an underground resource of 10,040 tons grading 0.74 oz/ton and an open pit resource of 3,300 tons grading 0.45 oz/ton. 

West Bay – By end of 1948, a total of 289 tons of ore was produced grading 221 oz/ton. In 1991, 1,387 tons of ore were produced grading 0.78 oz/ton. 

The most recent acquisition of mineral tenure in the south Gordon Lake area marks the first time in history that all advanced projects in the district have been consolidated with one corporate owner and no vendor royalties or payments. This was a unique opportunity that came together from a federal government reclamation project in the Gordon Lake area, an extensive downturn in the mining market conditions and the COVID pandemic.

The company intends to commission a NI43-101 compliant report to list as a “property of merit” and to outline a plan for this exciting new project. For further information on this project, please visit the company’s website (www.goldpursuit.ca) which will be updated this week..

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Gary Vivian P. Geo., a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Golden Pursuit Resources

Golden Pursuit Resources is an exploration and project generator company focused on its portfolio of 15 mineral properties located in Nevada and the development of its recently staked Gordon Lake Project, located 85 kms N of Yellowknife NWT. Golden Pursuit owns100% of all properties with no royalties. The company has a carried 40% interest in a joint venture on its Blackpoint Prospect located 8 kms north of Eureka Nevada and is awaiting assays from a recently completed drill program.

On Behalf of the Board of Directors,

GOLDEN PURSUIT RESOURCES LTD.

Brian McClay

President/CEO

For further information please contact:

Investor Relations

Brian McClay

Tel: +1 (604) 730.6982

Email: info@goldpursuit.ca 

https://www.GoldPursuit.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Golden Pursuit’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include statements concerning Golden Pursuit’s expected use of proceeds of the Offering and all other statements that are not statements of historical fact.

Although Golden Pursuit believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Golden Pursuit to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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Golden Pursuit and JV Partner Stevens Gold Nevada Inc. Announces Drill Program on Black Point Property

August 10, 2020

Golden Pursuit and JV Partner Stevens Gold Nevada Inc.
Announces Drill Program on Black Point Property

Vancouver, BC: GOLDEN PURSUIT RESOURCES LTD. (GDP-TSX-V) (“GoldPur”) and STEVENS GOLD NEVADA INC. (CSE: SG)  (the “Company” or “Stevens Gold”) is pleased to announce that it will commence a drill program on its Black Point Property during the week of August 17, 2020. 

Stevens Gold has the right to earn up to a 60% interest in the Black Point Property (the “Property”) from Golden Pursuit Resources Ltd.. Under the terms of the binding Property Option, the Company has the right to purchase 60% interest in the Property by making a payment of US$500,000. Until the payment of the purchase price is made, the Company is to make annual lease payments. GoldPur retains a 2% Net Smelter Return royalty on production.

The Property, consisting of 80 lode mining claims covering approximately 1,600 acres, is located in Eureka County, Nevada in the prolific Battle Mountain – Eureka Trend, 11 miles northeast of Eureka and 18 miles west of the Bald Mountain-Alligator Ridge-Yankee mining district.

The drilling will test the down-dip extension of anomalous gold and pathfinder elements shown in the July 2019 soil sampling program and geophysical targets identified in gravity and CSAMT surveys conducted in December 2018 and September 2019 respectively.  The soil anomaly coincides with altered float and sub-outcrop of the Mississippian-Devonian Pilot Shale, a calcareous siltstone. This stratigraphy is a prolific host in the nearby Eureka and Alligator Ridge – Bald Mountain district and other Carlin-style deposits in Eastern Nevada.

The gravity and CSAMT geophysical surveys on the property concentrated on the alluvium covered slopes and valley to the west of the outcrops.  CSAMT results show an apparently steep lying strong resistive area underlies the west flank of the ridgeline. This could represent a silicified fault zone or a resistive geologic unit. Gravity shows a relatively consistent dip of the basin to the west, which is also mirrored to a degree in the CSAMT data.  

Mining in the Black Point area started about 1864 with sporadic activity until the 1939 – 1942 period when a few shipments with silver grades of 410 – 3,700 ppm (12 to 108 opt) were made to various smelters.  Exploration in the local area recommenced about 1964 culminating in an 82-hole percussion drill program in 1971 – 1972.  The district was quiet until the early 1980’s gold rush when portions of the current property were explored by Gergan, Newcrest, Iron Horse Resources and Urastar between 1989 and 2012. 

The disclosure of technical information regarding the Property contained in this news release has been reviewed and approved by Alan J. Morris, CPG, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and independent of Stevens Gold.  

About Golden Pursuit Resources Ltd.

Golden Pursuit Resources Ltd. is a mineral exploration company. Its primary business objective is to explore and develop a portfolio of owned properties located in the State of Nevada and mineral leases in the NWT. The management team at Golden Pursuit has extensive experience in the acquisition and development of mineral related opportunities in North America and globally and continues its search for additional opportunities.

ON BEHALF OF GOLDEN PURSUIT RESOURCES LTD.

(sgd.) Brian McClay

 President
T: 604-730-6982
E: info@goldpursuit.ca

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Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct. 
The TSX-Venture Securities Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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GOLDEN PURSUIT ANNOUNCES RE-ORGANIZATION INCLUDING CONSOLIDATION, FINANCING AND SHARES FOR DEBT

March 25, 2020

Vancouver, B.C., Canada, March 25, 2020 – Golden Pursuit Resources Ltd. (the “Company”) is pleased to announce that the board of directors believe it would be in the best interest to consolidate its outstanding common shares on the basis of two (2) existing common shares for one (1) new common share of the Company (the “Consolidation”).

The Company would also like to announce that it intends to complete a non-brokered private placement financing following the Consolidation for up to 4,000,000 units (the “Units”) at a post-consolidated price of $0.10 per Unit to raise gross proceeds of up to $400,000 (the “Private Placement”). Each Unit will consist of one (1) post-consolidated common share and one-half of one (1) common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional post-consolidated common share exercisable at $0.12 per share, on a post-consolidated basis, for a period of two (2) years from the date of closing of the Private Placement.

Proceeds of the Private Placement will be used for project generative activities, and general working capital.

The Company would also like to announce that its board of directors has approved the settlement of up to
$470,014 of outstanding debt through the issuance of common shares of the Company (the “Debt
Settlement”). Pursuant to the Debt Settlement, the Company would issue up to 4,700,140 post-consolidated
common shares of the Company (the “Shares”) at a deemed price of $0.10 per Share to the creditors of the
Company (the “Creditors”).

The issuance of the Shares to the Creditors is subject to the approval of the TSX Venture Exchange and the
shareholders of the Company. All securities issued will be subject to a four month hold period which will
expire on the date that is four months and one day from the date of issue.

As certain insiders participated in the Debt Settlement, it is considered to be a “related party transaction” under
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“Mi-61-
101”). All of the independent directors of the Company, acting in good faith, considered the transactions and
determined that the fair market value of the securities being issued to insiders and the consideration being paid
is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder
approval requirements of MI 61-101 contained in section 5.5(a) and 5.7(a).

The foregoing is subject to the approval of the TSX Venture Exchange.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”
Brian McClay, President

CONTACT INFORMATION:

Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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