Mr. Kevin Hanson reports

EXPLORATION UPDATE

Golden Age Exploration Ltd. is planning its summer exploration program, which is a continuation of its phase I MMI (mobile metal ion) soil geochemical sampling program and rock sampling on the company's Magic property, a gold-silver prospect in central British Columbia. Specifically, the company's sampling program is planned to include trenching to better examine the bedrock where the altered volcanics were discovered, which would include two 200-metre trenches across the gold, silver and cadmium MMI soil anomaly to test for mineralization associated with the anomaly.

In order to conduct this summer exploration program, the company requires a permit from the British Columbia Ministry of Mines, with such application for the permit having been submitted in the fall of 2024. Since then, the company has been working through this process and expects to have this permit on or before May 31, 2025.

By agreements dated Feb. 3, 2025, two private companies, each controlled by a director of the company, agreed to defer payment of their outstanding monthly fees (management and consulting fees) until on or after June 30, 2027. At Feb. 28, 2025, these outstanding fees, including goods and services tax (GST), total $152,775. These deferrals are non-interest bearing and are unsecured.

About the Magic property

The Magic property is located 105 kilometres southeast of Artemis Gold Inc.'s Blackwater gold-silver deposit and is on the same linear feature that crosses that property and Artemis's Capoose property, Canagold's Windfall Hills property and Sun Summit's project further to the northwest. Artemis has reported that its Blackwater deposit commenced production in January, 2025, and is expected to produce between 160,000 and 200,000 ounces during the last eight months of 2025, despite the operation continuing to ramp up to full production. The target on the Magic property has mineralization similar to the Blackwater property and Round Mountain mine in Nevada.

About Golden Age Exploration Ltd.

Golden Age Exploration is engaged in the business of acquisition, exploration and, if warranted, development of mineral resource properties. Pursuant to the option agreement, the company has an option to acquire up to an 80-per-cent undivided interest in the mineral claims known as the Magic property, located in central British Columbia.

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