Mr. Charles Straw reports

GOLD BASIN ARRANGES USD $500,000 UNSECURED LOAN FINANCING

Gold Basin Resources Corp. has obtained an unsecured loan in the aggregate principal amount of $500,000 (U.S.) from Charrua Capital LLC, an arm's-length lender. The loan has a maturity date of Aug. 21, 2025, and will bear interest at a rate of 15 per cent per annum. The loan shall be advanced by the lender in two tranches, the first $250,000 (U.S.) tranche within 10 business days of the execution of the balloon note evidencing the loan, and the second $250,000 (U.S.) tranche with 60 days of the advance of the first tranche.

Under the terms of the loan, the company will: (i) reimburse the lender for its legal fees and other expenses incurred in connection with the loan, not to exceed $25,000 (U.S.); (ii) pay to the lender a facility fee in the amount of 2.5 per cent of the principal amount of the loan; and (iii) prepay the full amount of the annual interest, all as a deduction from the first tranche of the loan. Upon the occurrence of a change in control, the lender will have the option to declare the unpaid principal balance and any accrued interest on the loan immediately due and payable. A change of control means any of the following: (i) the sale or disposition of all or substantially all of the assets of the company to a third party; (ii) the acquisition by a third party of 50 per cent or more of the company's outstanding stock or other form of ownership or equity in the company; (iii) the issuance of additional shares by the company, a reverse split, split or similar transaction which causes a change of 50 per cent or more in the ownership of the company's outstanding stock or other ownership or equity interest; or (iv) the conversion, merger attempted dissolution/termination or consolidation of the company with or into another entity; and/or (v) the company's entry into a letter of intent or similar instrument, or the company's receipt of an unsolicited offer or bid for, or to accomplish, any of the foregoing items. The proceeds from the loan will be used for costs associated with the company's continuing exploration activities, Bureau of Land Management claim maintenance fees and general working capital.

About Gold Basin Resources Corp.

Gold Basin is advancing the 42-square-kilometre Gold Basin project, located in the Tier 1 mining jurisdiction of Mohave county, Arizona. Gold Basin is accessible year-round through a 1.5-hour drive on Highway I-93 southeast of Las Vegas and high-power electrical lines from the Hoover dam crosscutting the southern project area. The immediate focus of Gold Basin's highly experienced technical team is to expand and delineate multiple at-surface oxide gold deposits and prove the project's district-scale potential.

We seek Safe Harbor.