Vancouver, B.C., Canada, July 23, 2021 – Golden Pursuit Resources Ltd. (the “Company”)  has filed on the company’s website ( a Canadian National instrument 43-101 (NI  43-101) Technical Report for the South Gordon Lake property, located in the Northwest Territories,  Canada. The author of the report is Gary Vivian, M.Sc., P.Geol. and Chairman of Aurora Geosciences  Ltd.  

The property comprises eight historical occurrences of high-grade gold in quartz veins and mineralized  quartz breccia zones. The current mineral tenure has two historical mining leases, fourteen territorial  and thirteen federal claims. The South Gordon Lake property (SGLP) lies 80 kilometres north-northeast  of Yellowknife with GDP owning 100% of these properties with a 1% NSR owed only on the 2 mineral  leases that were optioned in 1996. The total land package is presently 5,909.87 hectares. 

There are eight occurrences covered under the current property ownership, of which five would be  considered historical minor producers. The five minor producers are Burnt Island, Camlaren, DAF, Myrt  Lake and Kidney Pond. Kidney Pond has a well documented history through the 1980’s when the most  significant amount of work was completed. There have been seven types of quartz veins and five types  of quartz-breccia zones identified at the South Gordon Lake property. These occurrences and the  historical information will be used to design an exploration program to evaluate the potential for  mineralization in Archean turbidite stratigraphy. Turbidite hosted deposits have gained much attention  recently from developments by Newfound Gold’s Queensway Project and Kirkland Lake’s Fosterville  Mine in Australia which are turbidite hosted mineralization which may well be analogous to Gordon  Lake. 

Much work has been completed on the SGLP with advanced underground operations occurring on many  of the properties which are described in detail in this submitted report. The initial discoveries of high grade gold veins in the South Gordon Lake area were based upon the discovery of gold in the  Yellowknife area. Prospectors continued to work their way northward from Yellowknife along the  Cameron River traversing their way to the Gordon Lake area. There are a number of prominent quartz  veins in the Gordon Lake area. Clearly, the original discoveries were visual and relied upon identifying  visible gold in surface expressions. Very intense work over the original 7-year period (1937 -1944)  delineated many high-grade gold occurrences but with great variability in size and grade. These gold  veins were all contained within a monotonous sequence of turbidites. Where folding occurred, the

quartz veins were usually much thicker and became the main targets for trenching and drilling.  Exploration was led by the identification of visible gold. Commodity price was a major contributing  factor to tracing these systems at depth. Simply put, grades of 1 ounce per ton of gold were the  expectation. Remoteness and capacity to deliver high-grade gold was the driver. 

It became apparent in the 1950’s, and much more so into the 1980’s, that bedding-parallel shearing in  the host rocks due to constant deformation through folding produced the quartz-breccia zones that  hosted significant gold mineralization. The quartz-breccia zones at Kidney Pond have been extensively  studied and recognized that they occur primarily in black siltstone units. These black siltstone units  contain carbonaceous material that are likely a reactant for dropping gold out of solution. At Kidney  Pond, the quartz breccia zones can be up to 10 metres across in true thickness and grades can be up to 4  grams per tonne gold. 

This genetic model has not been extensively explored for in the South Gordon Lake area. Gordon Lake is  a large lake (41 km X 3.5 Km) with abundant areas of forest, swamp and overburden cover surrounding  the lake. The Company recognizes the need to develop geological and geophysical tools to discover this  type of genetic model under cover. Aurora Geosciences Ltd. of Yellowknife, NT, has been contracted to  

evaluate the historical work and develop an exploration program to systematically evaluate the  potential for economic mineralization at the SGLP. This exploration program will be initiated during the  summer of 2021. 

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 its district scale holdings of  the Gordon Lake Project, located 80 kms N of Yellowknife NWT. Golden Pursuit  owns100% of all properties. 

On Behalf of the Board of Directors, 


Brian McClay”  


For further information please contact: 

Investor Relations 

Brian McClay 

Tel: +1 (604) 730.6982 



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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. 

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.