Mr. Tibor Gajdics reports

GOLDEN AGE EXPLORATION LTD. ANNOUNCES OPTION TO ACQUIRE 100% OF MAC MINERALS' URANIUM EXPLORATION PORTFOLIO IN AUSTRALIA

Golden Age Exploration Ltd. has entered into a letter of intent, granting it an option to acquire 100 per cent of the uranium exploration portfolio in Australia owned by MAC Minerals Pty. Ltd.

About the letter of intent

In consideration for the option on the exploration portfolio, Golden Age will, at the direction of the property vendors:

• Issue two million common shares;
• Pay $50,000; and
• Reimburse certain expenses related to the LOI and the property.

Under the terms of the LOI, Golden Age will have the right, but not the obligation, on or before June 30, 2026, to enter into a definitive agreement with the parties to the LOI. The definitive agreement shall provide that all issued and outstanding shares of MAC be transferred to Golden Age upon Golden Age issuing an aggregate of six million common shares and paying $100,000.

Expenditure commitments

The definitive agreement will require Golden Age to:

• Undertake an aggregate of $1.5-million of in-ground expenditures on the property within 24 months of the signing of the definitive agreement; and
• Undertake an aggregate of $2.5-million of in-ground expenditures on the property within 36 months from the end of the first expenditure period.

Any shortfall on the first expenditure commitment can be satisfied through payment of cash or shares of Golden Age. If the first expenditure commitment is not met with 30 days of the expiry of the first expenditure period, the property can be reacquired by the vendors for $5,000 per project (as that term is defined below).

Any shortfall on the second expenditure commitment can be satisfied through payment of cash or shares of Golden Age. If the second expenditure commitment is not met with 30 days of the expiry of the second expenditure period, the property can be reacquired by the vendors for $5,000 per project.

Milestone payments on properties

Additionally, the definitive agreement shall provide for the following milestone payments on the property:

• Upon completion of a geophysical survey on any one of the projects: $25,000 in cash and $75,000, which may be satisfied by the issuance of Golden Age shares;
• Upon the commencement of drilling on any one of the projects: $25,000 in cash and $75,000, which may be satisfied by the issuance of Golden Age shares;
• Upon the completion of three drill holes returning uranium grades greater than 200 parts per million uranium oxide (U3O8) and greater than three-metre intercept lengths on any of the projects: $750,000 which may be satisfied by the issuance of Golden Age shares; this is a one-time payment, payable only once the milestone has been achieved;
• Upon defining a Joint Ore Reserves Committee compliant, or equivalent, uranium resource of at least 15 million pounds U3O8 at grades above 300 ppm on any project: $1-million, which may be satisfied by the issuance of Golden Age shares; this is a one-time payment, payable only once the milestone has been achieved;
• Upon defining a JORC compliant, or equivalent, uranium resource of at least 30 million pounds U3O8 at grades above 300 ppm on any project: $2-million, which may be satisfied by the issuance of Golden Age shares; this amount is payable on each project for which the milestone is achieved; and
• Golden Age shall pay a royalty of 2-per-cent net smelter returns on the property, including any additional projects acquired by it within the Hamilton basin; 1 per cent of the royalty can be purchased by Golden Age for $2-million at or prior to the completion of a preliminary economic assessment prepared in accordance with National Instrument 43-101 or a JORC prefeasibility study on the projects; the remaining 1 per cent can be repurchased as agreed to by the parties, acting reasonably, based on a fair market value at the applicable time.

Related-party disclosure

MAC and its principals are at arm's length to the company. The LOI has been entered into pursuant to the agreement entered into between the company and 1322645 B.C. Ltd. and announced by the company in its new release dated March 17, 2026. As such, the transaction contemplated in the LOI is considered a related-party transaction within the meaning of Multilateral Instrument 61-101. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and from the minority approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation, as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

About the uranium exploration portfolio

The property is composed of three projects: the Hamilton basin project, the Algebuckina project and the Yalyirimbi project. The property represents a rare opportunity to enter the energy sector in a jurisdiction with existing uranium mining, transportation, and export regulations and infrastructure. The company believes that the property is highly prospective for large-scale, sedimentary-hosted uranium mineralization.

The flagship project, Hamilton basin, located in South Australia, is highly prospective for roll-front and paleo-channel type uranium. Encompassing almost the entirety of the sedimentary Mesozoic-Cenozoic basin after which the project is named, covering an area of 10,655 square kilometres of granted exploration licences (see table below), the Hamilton basin project is considered to be a large-scale, untested uranium exploration target.

The Hamilton basin project is located in the north-central part of South Australia.

Previous exploration in the project area has confirmed the existence of high levels of uranium in basement rocks and high levels of uranium in the Hamilton basin sedimentary sequence. Furthermore, limited historical drilling in the 1980s has identified paleo-channel-hosted uranium mineralization.

Based on proprietary regional geological and geographical studies and historical exploration results, a very large roll-front uranium system is believed to have persisted at the Hamilton basin project.

The Algebuckina project is the second project in the property portfolio and is also located in South Australia. The project consists of one exploration licence covering 273 square kilometres (see table below), and is considered prospective for roll-front and unconformity type uranium mineralization.

The Algebuckina project is also located in the north-central part of South Australia.

Previous exploration at the Algebuckina project identified uranium enrichment in a basal sedimentary sequence outcropping within the project, as well as numerous occurrences of uranium mineralization within basement rocks immediately south of the project. The proximity of uraniferous hot rocks is an important component of the exploration model.

The Algebuckina project hosts two discrete uranium exploration targets. The first, the Hastings target, corresponds to a known uranium occurrence within a discrete radiometric anomaly measuring approximately seven kilometres long. Hastings is prospective for unconformity-related uranium mineralization.

The second target, the Mount Harvey target, corresponds to a discrete radiometric anomaly associated with the sedimentary Cadna-Owie formation, which extends for approximately 30 kilometres across the project. Mount Harvey is prospective for roll-front uranium mineralization.

The Yalyirimbi project, the third project in the property portfolio, is located in the Northern Territory and includes one granted exploration licence covering 247 square kilometres (see table below) and two application exploration licences covering 324 square kilometres (see table below). The company believes the project is highly prospective for paleo-channel and Redox type uranium mineralization in the style of the Four Mile and Beverley uranium deposits of the Frome embayment in South Australia. The Four Mile and Beverly deposits contain approximately 100 million pounds of uranium. Yalyirimbi is also considered prospective for ionic-clay rare earth element enrichment.

Yalyirimbi is located in the central part of the Northern Territory.

Previous exploration at the Yalyirimbi project, which includes airborne electromagnetic surveying, has identified more than 50 km of incised paleo-channels containing Eocene-aged uranium-bearing sediments. Importantly, this paleo-channel system lies immediately adjacent to the Yalyirimbi range that hosts high levels of uranium in basement rocks outside of the project. The headwaters of the paleo-channels emanate from the range front draining this large uraniferous source area.

Only two historical drill holes have tested the Yalyirimbi paleo-channel system with both holes intersecting uranium mineralization, which supports the robust nature of the exploration model. Such limited drilling -- despite its success in intersecting mineralization -- has inadequately tested the large paleo-channel system, including the upper reaches of the channels that lie proximal to the uranium source rocks.

Access to the publicly available airborne electromagnetic survey data, a crucial geophysical technique used to identify paleo-channel systems, mark the Yalyirimbi project for near-term, targeted drilling.

The Yalyirimbi project is also considered prospective for ionic-clay hosted rare earth elements with the world's largest REE-uranium-phosphate deposit, Nolans Bore, located 30 kilometres east of the Yalyirimbi project and proximal to the project's paleo-channel system.

Summary

Golden Age is tremendously excited by the acquisition of this large-scale uranium portfolio and considers the upside potential of these three projects as unprecedented. All projects host existing uranium occurrences and large-scale targets that include walk-up drill targets. The flagship project, Hamilton basin, has the potential to develop into a significant roll-front uranium precinct. Golden Age is in an enviable position to have secured exploration rights to almost the entire Hamilton basin, which has only seen minimal exploration historically.

The projects comprising the property were generated by Ross Brown, a sedimentologist and geomorphologist with over 40 years mineral exploration experience. In the 1990s, Mr. Brown was involved in resource drilling at the Mulga Rock uranium deposit in Western Australia and, in 2006, founded Oklo Uranium to explore for Langer-Heinrich style paleo-channel uranium in Australia and Africa. Oklo listed on the Australian Securities Exchange in 2007, raising $8-million. In recent years, Mr. Brown has applied his modified uranium exploration model to sedimentary terrains in central Australia, generating high-quality projects. In 2024, Mr. Brown collaborated with Rob Heaslop to secure the Mac Minerals uranium portfolio that Golden Age now has an option to acquire.

Qualified person

Ehsan Salmabadi, PGeo, a director of the company, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

About Golden Age Exploration Ltd.

Golden Age is a mineral exploration company with an international reach, focused on the acquisition, exploration and development of high-potential resource projects in established, mining-friendly jurisdictions globally. The company's core business is to identify, analyze and reassess extensive historic and regional data from around the globe to identify prospective exploration opportunities worthy of significant exploration and exploitation. The company's focus extends to mining-friendly jurisdictions that offer low political risk and a demonstrated commitment to the rule of law.

We seek Safe Harbor.