Mr. Stephen Wilkinson reports

GOLD'N FUTURES SIGNS BINDING LOI FOR THE BALANCE OF THE MOSQUITO HILL GOLD DEPOSIT ON ITS BRADY-HUXTER GOLD PROJECT IN NEWFOUNDLAND

Gold'n Futures Mineral Corp. has entered into a binding letter of intent (LOI) with Stephen Stockley Agriculture and Fabrication Inc. (SSAF Inc.), an arm's-length third party, to acquire a 100-per-cent undivided interest in two mineral licences to complete its coverage of the Mosquito Hill gold deposit in the province of Newfoundland and Labrador. The effective date of the LOI is Oct. 11, 2023.

Highlights of the acquisition:

• Gold'n Futures can boast a property of 2,350 hectares (ha) with two significant deposits.
• The Brady-Huxter gold project now contains all of the Mosquito Hill gold deposit and the Reid gold zone.
• The project has aggregated historical indicated resources of 196,257 gold ounces and inferred resources of 742,496 gold ounces.
• All gold zones remain open to expansion both along strike and to depth.

Gold'n Futures president and chief executive officer Stephen Wilkinson remarked: "The assembling of our Brady-Huxter gold project is now complete and contributes an established gold asset to the value of our company. The two large porphyry-hosted gold deposits have well-recognized historical gold resources on which our geological team is excited to get to work. Being open along strike and to depth, both the Mosquito Hill deposit and the Reid gold zone could be developed into large, world-class mines. With our recently amalgamated Brady-Huxter project and the pending new resource estimate on the company's Hercules gold property in Ontario, Gold'n Futures could potentially far exceed its initial million-ounce target."

"The Gold'n Futures partnership aligns with SSAF Inc.'s overall asset development strategy and underscores our focus on forging long-term beneficial collaborations. Securing the crucial Mosquito Hill deposit opens up a notable resource potential and we anticipate promising outcomes as Gold'n Futures advances the project," commented Angie Stockley, chief commercial officer of SSAF, president of the NL Minerals Collective.

The new licences

The new licences cover 100 ha and are contained within and are now part of the Brady-Huxter property, the subject of the company's news release dated Sept. 18, 2023. The Brady-Huxter property is located 50 kilometres (km) southeast of the town of Gander in central Newfoundland. The property is surrounded by Exploits Discovery Corp.'s claims and is 10 km west of the New Found Gold Corp.'s Queensway gold property boundary.

The combined Brady-Huxter property now includes the Huxter Lane licences and the new licences which together total nine mineral licences, comprising 91 claims over 2,350 ha.

The gold mineralization of the Mosquito Hill deposit is associated with 5 per cent 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 Brady-Huxter property, the Mosquito Hill gold zones have a drill indicated strike extent of approximately 600 metres (m) and to a vertical depth of 225 m and remain open both along strike and to depth with significant historical drill intercepts (2006) including from drill hole HX06-16 which returned 2.21 grams per tonne (g/t) gold (Au) over 35.0 m and 0.67 g/t Au over 103.5 m.

Golden Dory completed a 15-hole, 2,024-metre drill program at the Mosquito Hill mineralization in May, 2009, and a 14-hole, 3,016-metre drill program in May-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 1.00 g/t Au from hole HX- 09-37.

Brady-Huxter project -- historical resources

In 2010, Golden Dory commissioned Giroux Consultants Ltd. to complete a resource estimation for the Mosquito Hill prospect. In September, 2010, this estimate was revised based on the 2010 drill data. The Mosquito Hill deposit gold 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 g/t Au for 196,257 ounces of gold and an inferred resource of 38.76 million tonnes averaging 0.457 g/t Au for 569,496 ounces of gold at a cut-off of 0.30 g/t Au. The revised update also reported an initial resource estimate for the company's nearby Reid gold zone which is 1,600 m northwest of the Mosquito Hill deposit. The Reid gold zone estimate reported an inferred resource of 9.57 million tonnes averaging 0.56 g/t Au for 173,000 ounces of gold at a cut-off of 0.30 g/t Au.

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 new licences by:

1. Issuing 1.5 million common shares in the capital of the company and a cash payment equal to $35,000 to SSAF, or its nominee, upon the execution date of a definitive option agreement;
2. Issuing two million common shares and $40,000 to SSAF, or its nominee, before the first anniversary of the option agreement;
3. Issuing 2.5 million common shares and $45,000 to SSAF, or its nominee, before the second anniversary of the option agreement;
4. Issuing three million common shares and $50,000 to SSAF, or its nominee, before the third anniversary of the option agreement;
5. Issuing 3.5 million common shares and $60,000 to SSAF, or its nominee, before the fourth anniversary of the option agreement.

The company will, on the seventh year following the entering into of the option agreement, make an advance royalty (AR) payment to SSAF equal to $5,000 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 2.0 per cent per month.

Upon exercise of the option, SSAF will retain 2-per-cent net smelter royalty on the new licences (NSR). The company may purchase 1.0 per cent of the NSR from SSAF for $2-million. The company will maintain a right of first refusal over the NSR in the event that SSAF elects to sell the NSR following the exercise of the option. The NSR will be more fully provided for in the option agreement.

The transaction, including the issuance of common shares to SSAF and the execution of a definitive agreement, are 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 certain escrow conditions as agreed to between SSAF and the company, as well as 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 National Instrument 43-101 regulations and is the lead geologist and a director of the company.

Unit offering

On Aug., 4, 2023, the company announced a non-brokered offering of units of the company. The company will not proceed with the unit offering at this time but may seek additional financing as market conditions warrant.

About Gold'n Futures Mineral Corp.

Gold'n Futures Mineral is a mineral exploration company with two advanced Canadian gold projects. The Hercules gold project is 195 km northeast of Thunder Bay, Ont., in the Beardmore-Geraldton gold mining camp. It is 54 km north west of Equinox Gold's Greenstone gold mine that reportedly boasts 5.5 million ounces of proven and probable reserves. The Hercules property consists of 425 contiguous claims (11,370 ha). From the historical and its current work, the company has built a comprehensive database and model and is preparing a new mineral resource estimate based upon current and historical drilling totalling the order of 537 holes comprising 114,000 m of core.

We seek Safe Harbor.