Mr. Eric Sprott, an investor, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN GOLDEN RIDGE RESOURCES LTD.

Eri Sprott has noted that, on July 8, 2023, 2.5 million common share purchase warrants of Golden Ridge Resources Ltd., held by 2176423 Ontario Ltd., a corporation Mr. Sprott beneficially owns, expired unexercised, representing a decrease in beneficial ownership of approximately 3.4 per cent of the outstanding common shares, on a partially diluted basis, since the date of the last early warning report. Prior to the expiry of these warrants, Mr. Sprott beneficially owned 11 million shares and 2.5 million warrants, representing approximately 18.8 per cent of the outstanding shares on a non-diluted basis and 22.2 per cent on a partially diluted basis, assuming the exercise of such warrants. As a result of the warrant expiry, Mr. Sprott now owns 11 million shares, representing approximately 18.8 per cent of the outstanding shares on a non-diluted basis.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other relevant factors.

Golden Ridge Resources is located at Landmark 3, 335-1632 Dickson Ave., Kelowna, B.C., V1Y 7T2. A copy of the early warning report with respect to the foregoing will appear on Golden Ridge Resources' profile at SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 200 Bay St., Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).