Mr. Graeme Sloan reports

GOLDEN HORSE MINERALS APPOINTS HIGHLY EXPERIENCED DIRECTOR

Golden Horse Minerals Ltd. has further bolstered its board of directors with the appointment of highly experienced director and executive Paul Andre Huet to the position of non-executive director, effective Oct. 18, 2023.

Mr. Huet embarked on his mining career over 35 years ago and, throughout that time, has built a reputation in developing world-class mining companies. In his current role as executive chairman and chief executive officer of Karora Resources, a Toronto Stock Exchange-listed gold company, he oversaw a tenfold growth in market capitalization to over $1-billion (Australian) within a 3.5-year period (current market cap of approximately $860-million (Australian)). Mr. Huet is an expert in corporate and operational affairs, and has a strong understanding of capital markets.

Mr. Huet's previous roles include president, chief executive officer and director of North American gold miner Klondex Mines from 2012 to 2018 until its acquisition by Hecla Mining Company, chief operating officer of Premier Gold Mines Ltd., general manager at the Hollister mine (while owned by Great Basin Gold), and mine manager at the Midas mine (while owned by Newmont and Franco-Nevada). Mr. Huet earned an honours degree in mining engineering technology from the Haileybury School of Mines in Ontario and an executive MBA from the Stanford University School of Business, and has served on several non-profit and publicly traded company corporate boards.

Commenting on the appointment, Golden Horse chairman and interim chief executive officer Graeme Sloan said: "Paul brings to Golden Horse an extensive portfolio of corporate, operational and capital markets expertise, acquired from many years of professional work in the gold industry. His background is marked by a successful track record of developing gold deposits and efficiently steering projects into full production. Paul's strong global network will provide valuable assistance in the growth of the company and will be a huge windfall for Golden Horse shareholders.

"Paul's appointment comes at an important period in the company's restructure and growth, especially with the company's plans for a [TSX Venture Exchange] and [Australian Securities Exchange] dual listing later this year, early next year. Paul's appointment, along with the recently announced appointment of Jonathan Lea as a non-executive director, adds incredible depth to the Golden Horse board. I look forward to working with Paul, Jonathan and the other board members as we continue to fast-track our exploration and development activities in the highly prospective Southern Cross region of Western Australia.

"On behalf of the board and shareholders, I would like to welcome Paul to the Golden Horse team."

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