An anonymous director reports

GOLD MOUNTAIN COMPLETES ITS FINAL PROPERTY PAYMENT

Gold Mountain Mining Corp. has made its final $3-million property payment to Sandbox Royalties Corp., discharging all obligations owed relating to the company's original purchase of the Elk gold project.

The company originally acquired the Elk gold project in May, 2019, for $10-million from Equinox Gold Corp. for a $1-million cash deposit and a $9-million interest-free promissory note. Equinox assigned its interest in the loan to Sandbox in May, 2022. The note was secured over Gold Mountain's interest in the Elk gold project.

Pursuant to the terms of the loan, Gold Mountain made the following payments:

• $1-million -- May, 2019;
• $3-million -- May, 2021;
• $3-million -- May, 2022;
• $3-million -- May, 2023.

The final property payment is a major milestone for Gold Mountain as it was the last obligation remaining from its original purchase of the Elk gold project.

About Gold Mountain Mining Corp.

Gold Mountain is a British Columbia-based gold and silver exploration and production company focused on the development of the Elk gold project, located 57 kilometres from Merritt in south-central British Columbia.