Mr. Mike England reports

GOLDEN LAKE COMMENCES DRILLING ON ITS JEWEL RIDGE PROPERTY IN THE BATTLE MOUNTAIN-EUREKA GOLD BELT, EUREKA COUNTY, NEVADA

Golden Lake Exploration Inc. has begun drilling on its flagship Jewel Ridge property, located in the prolific Battle Mountain-Eureka gold trend of Nevada.

The property is well located, proximal to infrastructure and immediately adjacent to successful, high-profile exploration programs currently being undertaken by North Peak Resources Ltd. and i-80 Gold Corp. on their neighbouring Prospect Mountain and Ruby Hill properties, respectively.

Drill program

HD Drilling Services, based out of Winnemucca, Nev., has been retained by the company to complete the 1,700-metre drill program. The program will consist of four to five high-priority drill targets and is anticipated to take two to three weeks to complete.

These high-priority drill targets include induced polarization (IP) anomalies generated from 2024 surveys situated within favourable geological and structural settings. Such settings host both Carlin-type disseminated gold deposits and carbonate replacement deposits, which are prominent in the immediate area of the South Eureka gold belt, where the Jewel Ridge property is located. Other targets include historical mines yielding high precious metal and base metal assays, largely exploited at shallow depths that have seen no historical drilling.

Full details of the drill targets can be found on the Golden Lake website. Drill results will be released as they become available.

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 objectives are to: (i) acquire, explore and develop economic precious metal and base metal properties of merit; and (ii) aggressively advance its exploration program on the Jewel Ridge property.

Further to the company's news release dated Sept. 13, 2024, announcing the closing of an oversubscribed private placement, an additional arm's-length finder was compensated with finders' fees of $4,600 cash and 92,000 non-transferable finders' warrants. Each finder's warrant will entitle the finder to purchase one warrant share of the company for a 12-month period after the closing date at an exercise price of seven cents per share.