Mr. Ronald Woo reports reports

GOLD MOUNTAIN APPOINTS NEW BOARD MEMBER AND CHIEF FINANCIAL OFFICER

Gold Mountain Mining Corp.'s Howard Jones is stepping down from the company's board of directors effective immediately for health related reasons. Ron Woo, the company's chief executive officer, has agreed to accept an appointment to the board.

The company is also pleased to announce that Simon Buckett has agreed to act as the company's new chief financial officer (CFO) effective July 20, 2023. Mr. Buckett started his career with KPMG in London, United Kingdom, before moving to Canada where he was an auditor in the mining and technology sectors for both KMPG and Ernst & Young. Mr. Buckett has extensive experience in financial and accounting-related functions, serving as a CFO for over a decade. During this time, he has worked with a number of British Columbia-based junior public companies. Mr. Buckett is replacing Paulo Santos in the CFO role.

The company wishes to thank both Mr. Jones and Mr. Santos for their service to Gold Mountain and wishes them good health and success in their respective future pursuits.

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 kilometres from Merritt in south-central British Columbia.