Mr. Kevin Smith reports

GOLD MOUNTAIN ANNOUNCES MANAGEMENT AND BOARD UPDATE

Howard Jones, a current board member of Gold Mountain Mining Corp., will serve as the company's acting chief executive officer as the company undertakes a search for a new CEO.

Mr. Jones, a founding board member, will provide short-term leadership through this transition. Mr. Jones has previously acted as the comptroller of the Bank of Nova Scotia's European and Middle East operation, and headed the corporate development function at Pembina Pipeline Ltd. Mr. Jones currently owns and manages HJFC Corporate Development Inc., a consulting company, with a long list of successful corporate client turnarounds, growth and personnel management.

Kevin Smith, chief executive officer (CEO) and director, and Blake Steele, a member of the board, are stepping down from their respective roles effectively immediately. Mr. Smith and Mr. Steele will remain with the company as advisors during this transition period.

The board of directors would like to thank Mr. Smith and Mr. Steele for their services to the company and many accomplishments during their tenures.

About Gold Mountain Mining Corp.

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

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