Mr. Charles Straw reports

GOLD BASIN PROVIDES CORPORATE UPDATE

Gold Basin Resources Corp. today provided a corporate update.

The option agreement on the New Pass property in Nevada has been terminated.

Stephen Pearce has joined the board as a director and has also replaced Mark Lotz as chief financial officer and corporate secretary.

Colin Smith has resigned as chief executive officer with Charles Straw, director and president, being appointed interim CEO.

Mr. Straw commented: "We have been fortunate to have had Colin as CEO over the past few years. He has shown his great technical expertise in helping lead the company's exploration at Gold Basin whilst navigating a number of very challenging situations as a true professional. The company wishes Colin the best in his new endeavours and looks forward to his technical input at Gold Basin in his role as a technical consultant."

2025 plan

Over the last several months the company has received several offers from third parties proposing transactions to move the company and the Gold Basin project forward in 2025 and beyond. The Board has been reviewing these offers and has short listed those which provide the best value for shareholders. The Board anticipates finalising its review shortly and will provide a further update once a decision has been made.

About Gold Basin Resources Corp.

The company is advancing the 42 km 2 Gold Basin Project, located in the tier one mining jurisdiction of Mohave County, Arizona. Gold Basin is accessible year-round via a 1.5-hour-drive on Highway I-93 southeast of Las Vegas, and high-power electrical lines from the Hoover Dam crosscut 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.