GOLDEN PURSUIT COMPLETES FINANCING

Jan. 6, 2022

NEWS RELEASE

  • JANUARY 7, 2022

January 6, 2022 Symbol: GDP Vancouver, B.C., Canada, January 6, 2022 – Golden Pursuit Resources Ltd. (the “Company”) announces that further to its news releases dated November 8, 2021 the Company completed a non-brokered private placement financing of 4,416,665 flow through common shares at a price of $0.15 per common share and 100,000 common shares at a price of $0.15 per share for a total of $677,500. One of the investors is an insider by reason of being a holder of more than 10% of the issued shares of the Company. The participation by such investor in the private placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization. All securities issued are subject to a four month hold period which will expire on April 14, 2022. 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. READ MORE

GOLDEN PURSUIT RAISING UP TO $900,000 TO ADVANCE GORDON LAKE PROJECT

  • NOVEMBER 8, 2021

November 8, 2021 Symbol: GDP Golden Pursuit Resources Ltd. (the “Company”) will raise up to $900,000 through a non-brokered private placement consisting of up to 2,000,00 non-flow-through common shares at $0.15 per shares and up to 4,000,000 flow-through common shares at $0.15 per share. The Company will pay finders fees comprised of a combination of cash and warrants. The flow-through shares will qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (the “Act”). The Proceeds of the flow-through private placement will be used to incur “Canadian exploration expense” (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2022, and as required under the Act. The company will use the financing to primarily advance the Gordon Lake Project. The company is in the process of submitting a land use permit to the Mackenzie Valley Land and Water Board to cover line cutting, ground and airborne geophysics, camp build, geological and geochemical sampling, geological mapping and diamond drilling. We expect the permit to be issued shortly. Non flow-through funds will be used for generating additional projects and general working capital. The company will work systematically towards a drill program to optimize target selection. Significant historical intersections have been returned at Kidney Pond (65.92 g/t Au over 4.54 meters) with the largest intersection returning 4.36 g/t Au over 44.7 meters. For instance, we are establishing geophysical template at Kidney Pond to help evaluate other areas where quartz breccia zones have been found. Golden Pursuit is committed to establishing a compliant resource at Kidney Pond but also looking to identify additional resources. 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. 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