Mr. Mike England reports

GOLDEN LAKE, I-80 GOLD AND NORTH PEAK COMMENCE COLLABORATIVE DRONE MAGNETIC SURVEY ON THEIR RESPECTIVE PROPERTIES, IN THE SOUTH EUREKA GOLD BELT, NEVADA

Golden Lake Exploration Inc. has commenced a high-resolution drone magnetic survey in partnership with i-80 Gold Corp. and North Peak Resources Ltd. on their respective properties located in the South Eureka gold belt (SEGB), Eureka county, Nevada. Specifically, the joint survey will provide geophysical coverage over Golden Lake's Jewel Ridge property, part of i-80's Ruby Hill property, including its recently acquired FAD property, as well as North Peak's Prospect Mountain property. All properties are contiguous with one another.

High-resolution drone magnetic survey

High-resolution magnetic data collected from a drone provide an excellent tool for mapping rock type and structure and when processed, produce maps of exceptional detail. Three-dimensional inversions of data from such a survey will yield information related to depth to the source, dip of the body, and its overall size and shape. Non-magnetic bodies reflect certain rock types, structural trends and hydrothermal alteration associated with mineralization, while magnetic highs in the SEGB may reflect the presence of intrusions, both near surface and at depth.

It is anticipated that the survey will take seven to 10 days to complete, with preliminary results following shortly thereafter.

Each partner will carry one-third of the survey cost and will share equally in the data generated by it.

South Eureka gold belt

The Jewel Ridge property is located along structural and stratigraphic trend to the south of i-80 Gold's Ruby Hill property. District-scale structures at Jewel Ridge (Jackson fault and parallel faults) are part of a 10-kilometre-long, north-south-trending structural corridor, intimately related with neighbouring deposits to the north at Ruby Hill, including the FAD, historic Ruby Hill, Ruby Deeps, Hilltop, 426, Blackjack and Archimedes deposits. North Peak's Prospect Mountain property is situated on the same structural corridor to the immediate west of Jewel Ridge, at the Diamond mine.

At Jewel Ridge, shallow intercepts of CRD (carbonate replacement deposit) mineralization occur at the Hamburg zone, returning 10.72 grams per tonne gold and 9.30 g/t silver over 8.56 metres as well at the Eureka Tunnel zone, yielding 9.16 g/t gold, 65.77 g/t silver, 1.03 per cent lead and 1.90 per cent zinc over 24.54 metres.

The distribution of precious and base metal deposits within the SEGB district is controlled by structure, lithology and proximity to intrusive centres. The effect of each control varies from deposit to deposit, that include carbonate replacement deposits (CRD), skarns, Carlin-type disseminated gold deposits as well as hybrid CRD-Carlin type styles of mineralization.

The high-resolution drone magnetic survey will assist in refining the role played by rock type, structure and proximity to intrusions, and their relationship with mineralization at the district scale, as well as at the detailed property scale. Most importantly, the survey will assist in drill targeting, in efforts to extend known zones of mineralization and to discovering new deposits at Jewel Ridge, Ruby Hill and Prospect Mountain.

Qualified person

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Don Hoy, PGeo, who serves as a qualified person under the definition of National Instrument 43-101.

About Golden Lake Exploration Inc.

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

We seek Safe Harbor.