Mr. Stephen Wilkinson reports

GOLD'N FUTURES SIGNS BINDING LOI FOR THE HUXTER LANE CLAIMS WHICH COVER A SIGNIFICANT PORTION OF THE MOSQUITO HILL GOLD DEPOSIT ADJACENT TO ITS BRADY GOLD PROJECT IN NEWFOUNDLAND

Gold'n Futures Mineral Corp. has entered into a binding letter of intent with an arm's-length third party (the holder) to acquire a 100-per-cent undivided interest in certain mining claims known as the Huxter Lane claims in the province of Newfoundland and Labrador.

Highlights of the acquisition:

• The Huxter Lane claims (the HL claims) comprise five mineral licences containing 52 claims that cover 1,300 hectares (ha).
• The HL claims are contiguous with Gold'n Futures' Brady property and more than double the project area held by Gold'n Futures.
• With the addition of the HL claims, the company's holdings contain two significant gold zones hosting historical gold resources:
  • The Reid gold deposit (see the company's news release dated May 25, 2021);
  • The northeastern portion of the Mosquito Hill gold deposit.
• All gold zones remain open to expansion both along strike and to depth.

Gold'n Futures' president and chief executive officer, Stephen Wilkinson, commented: "The Huxter Lane claims are an ideal acquisition for our company and the timing of the acquisition could not be better. The presence of a large porphyry-style gold deposit within the property makes the asset quite valuable and should only get more valuable as we enter the next bullion rally. When added to our adjoining Brady project and including the new mineral resource estimate pending for the Hercules gold property in Ontario, Gold'n Futures may be well on its way to joining the million-ounce club of emerging gold companies."

The Huxter Lane claims

The HL claims are located 50 kilometres southeast of the town of Gander in central Newfoundland. The property is surrounded by Exploits Discovery Corp.'s Great Bend project claims and is also approximately 10 km west of the New Found Gold Corp.-Queensway gold property boundary.

The Huxter Lane property is contiguous with and lies southeast of Gold'n Futures' Brady gold project that hosts the Reid gold zone. When combined with the licences of the Brady project, the company's holdings amount to seven mineral licences containing 87 claims covering 2,250 ha. The company estimates that the HL claims cover about two-thirds of the surface extent of the historical Mosquito Hill gold deposit.

At the Mosquito Hill deposit, the gold mineralization is associated with 5 to 10 per cent disseminated and stringer pyrite and arsenopyrite, and locally significant quartz-veined zones, hosted within an extensive quartz-feldspar porphyry. The deposit displays similarities to the Fort Knox deposit in Alaska, currently being mined by Kinross Gold, and which has been in production since 1997 and currently has reported proven and probable reserves of 1.9 million ounces of gold. Within the HL claims, the Mosquito Hill gold zones have been outlined over a strike extent of approximately 600 metres and to a vertical depth of 225 metres and remains open both along strike and to depth with significant historical drill intercepts (2006), including from drill hole HX06-16, of 2.21 grams per tonne gold over 35 metres, and 0.67 g/t Au over 103.35 metres.

Golden Dory completed a 15-hole, 2,024 m drill program at the Mosquito Hill mineralization in May, 2009, and a 14-hole, 3,016 m in May to June, 2010. Most holes successfully intersected the gold-bearing porphyry over thicknesses ranging up to 98 m. Significant assay results include 38.68 m grading 0.57 g/t Au, including 17.05 m grading 0.94 g/t Au, from HX-09-33, and 30.80 m grading 0.51 g/t Au, including 9.03 m grading one g/t Au, from hole HX-09-37.

Historical resources

In 2010, Golden Dory commissioned Giroux Consultants Ltd. to complete a resource estimation for the Mosquito Hill prospect. In September of 2010 this estimate was revised based on the 2010 drill data. The Mosquito Hill zone resource was based on 60 drill holes totalling 10,305 m.

The Mosquito Hill deposit was estimated to contain an indicated resource of 11.18 million tonnes averaging 0.546 gram per tonne gold for 196,257 ounces gold, and an inferred resource of 38.76 million tonnes averaging 0.457 g/t Au for 569,496 ounces gold at a cut-off of 0.30 g/t Au. The revised update also reported an initial resource estimate for Gold'n Futures' nearby Reid gold zone which is located 1,600 m northwest of the Mosquito Hill deposit on the contiguous Brady property. The Reid gold zone estimate reported an inferred resource of 9.57 million tonnes averaging 0.56 g/t Au for 173,000 ounces gold at a cut-off of 0.30 g/t Au.

Cautionary note: The company refers to the historical resource estimates associated with the Brady gold project and the Mosquito Hill deposit. These historical estimates are based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A qualified person on the behalf of the company has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current Canadian Institute of Mining, Metallurgy and Petroleum categories. Gold'n Futures is not treating the historical estimates as a current National Instrument 43-101 compliant mineral resource estimate. Accordingly, the historical estimates should not be relied upon. Establishing current mineral resource estimates will require further evaluation, which the company intends to complete in due course.

The agreement terms

Under the terms of the LOI, the company shall have the exclusive option for a period of up to four years to acquire an undivided 100-per-cent ownership interest in the property by:

1. Issuing 1.2 million common shares in the capital of the company and a cash payment equal to $40,000 to the holder, or its nominee, upon the execution date of a definitive option agreement;
2. Issuing 2.1 million common shares and $50,000 to the holder, or its nominee, before the first anniversary of the option agreement;
3. Issuing three million common shares and $60,000 to the holder, or its nominee, before the second anniversary of the option agreement;
4. Issuing four million common shares and $70,000 to the holder, or its nominee, before the third anniversary of the option agreement;
5. Issuing five million common shares and $80,000 to the holder, or its nominee, before the anniversary of the option agreement.

The company will, on the seventh year following the entering into of the option agreement, make an advance royalty payment to the holder equal to $5,000 (the AR payments) on each anniversary of the option agreement. Any late payments under the option agreement (including for greater certainty the AR payments) will be subject to an interest rate of 2 per cent per month.

Upon exercise of the option, the holder will retain a 2-per-cent net smelter royalty on the property. The company may purchase 1 per cent of the NSR from the holder for $2-million. The company will maintain a right of first refusal over the NSR in the event that the holder elects to sell the NSR following the exercise of the option. The NSR is more fully provided for in the option agreement.

The transaction, including the issuance of common shares to the holder and the execution of a definitive agreement, is subject to satisfactory due diligence by the company and may be subject to regulatory approvals, as applicable. Any securities issued in connection with the transaction will be subject to applicable statutory hold periods.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Walter Hanych, PGeo, who is a qualified person under NI 43-101 regulations and is the lead geologist and a director of the company.

About Gold'n Futures Mineral Corp.

Gold'n Futures Mineral is a Canadian-based exploration company focused on advancing its Hercules gold project. The Hercules is located 200 kilometres northeast of Thunder Bay, Ont., in the townships of Elmhurst and Rickaby, within the Thunder Bay North mining district. The project is in the heart of the Beardmore-Geraldton gold mining camp, the fourth-largest gold camp in Ontario, and is 40 km west of the Equinox Gold's Greenstone gold mine which reportedly hosts 6.9 million ounces in its measured and indicated resources. The property comprises 475 contiguous claim cells (10,052 ha). From the historical work completed on the property, the company has built an extensive database including reconnaissance grab samples; channel samples; a variety of geophysical surveys; and a drill hole database that includes historical and current drilling totalling in the order of 547 holes and 114 kilometres of available drill core.

We seek Safe Harbor.