Stockwatch

Gold Mountain Mining Corp
Symbol	GMTN
Shares Issued	87,893,421
Close 2023-07-24	C$ 0.115
Market Cap	C$ 10,107,743
Recent Sedar+ Documents

Gold Mountain receives $500K production bonus payment

2023-07-24 18:26 ET - News Release

Subject: Gold Mountain - Press Release Word Document File: '\\swfile\EmailIn\20230724 150958 Attachment PR (final) - Silver Royalty Production Bonus Payment.DOCX' Gold Mountain Receives Production Bonus Payment from Silver Crown Royalties Inc. VANCOUVER, Canada - July 24, 2023 - Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA) is pleased to announce that it has received the first $500,000 silver production bonus payment (the "Production Bonus Payment") from Silver Crown Royalties Inc. ("SCR"). The Production Bonus Payment was paid pursuant to the terms of the royalty agreement between the Company and SCR dated May 11, 2023 (the "Royalty Agreement"). Details of the Royalty Agreement are set out in press releases dated May 12, 2023 and May 25, 2023. The payment of the Production Bonus Payment was triggered when the Company achieved the sale of 6,666 contained ounces of silver on a trailing annualized basis for six consecutive months ("Annualized Basis") ended April 30, 2023. In order to trigger the next Production Bonus Payment, the Company must achieve the sale of 8,888 contained ounces of Silver on an Annualized Basis. Qualified Person The foregoing technical information was approved by Ronald Woo, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Executive Officer for the Company. About Gold Mountain Mining Gold Mountain is a British Columbia based gold and silver exploration and production focused on the development of the Elk Gold Project, located 57 KM from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company's new website at www.gold-mountain.ca. For further information, please contact: Gold Mountain Mining Corp. Phone: 778.262.0933 Email: IR@gold-mountain.ca Website: www.gold-mountain.ca Twitter: www.twitter.com/goldmtnmine_ Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable securities laws. Forward-looking statements include statements that are based on assumptions as of the date of this news release and are not purely historical including any information relating to statements regarding beliefs, plans, expectations or intentions regarding the future and often, but not always, use words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include the ability to hit the next production milestone. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: expectations regarding the Company's production at the Property; expectations regarding future Silver and other metals and mineral prices, assumptions regarding the business prospects of the Company and SCR; stock market volatility and market conditions; changes in global and regional demand for the Company's products; general business, economic, competitive, political and social uncertainties including permit uncertainties inflationary pressures and trade uncertainties as a result of, among other things, the COVID-19 pandemic, the Russian-Ukrainian war, and changes in tariffs and international trade; foreign exchange risks; the availability of credit on reasonable terms; legal and regulatory risks (including changes in law or regulation); costs of inputs; delay or failure to receive board, shareholder or regulatory approvals; and the results of current and future exploration as well as the risk factors set out in the Company's continuous disclosure filings, including the Company's Annual Information Form for the year ended January 31, 2023 a copy of which was filed on April 28, 2023 and is available under the Company's profile on SEDAR. The foregoing list of factors is not exhaustive. Many of these issues can affect the Company's actual results and could cause its actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. There can be no assurance that the Company (or SCR) will remain compliant in the future with all of its covenants under the Royalty. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.