Mr. Charles Straw reports

GOLD BASIN EXECUTES BINDING FARM-IN AGREEMENT ON GOLD BASIN OXIDE GOLD PROJECT IN ARIZONA

A binding farm-in agreement has been executed by Gold Basin Resources Corp. with Australian Securities Exchange-listed Helix Resources Ltd. whereby Helix can earn a minority interest in the Gold Basin oxide gold project. The key terms of the farm-in are as follows:

• Helix can earn a minority interest of up to 40 per cent of the project (with Gold Basin retaining a minimum of 60 per cent and remaining operator).
• Helix will spend up to $3-million (Australian) over two years with the first $1-million (Australian) earning an initial 20 per cent of the project, with each additional $1-million (Australian) earning a further 10 per cent, up to a maximum of 40 per cent of the project.
• Helix can elect to directly pay outstanding unpaid exploration costs as part of the earn-in.
• Helix and Gold Basin will establish a joint venture committee comprising two members appointed by each company, with Gold Basin appointing the chairman of the committee.
• Helix will acquire a 1-per-cent net smelter royalty over the project through the issuance of 150 million Helix shares.

2025 plan

The initial focus of the Helix farm-in will be to deliver a National Instrument 43-101 and Joint Ore Reserves Committee (2012) mineral resource estimate by June or July, 2025, followed by a preliminary economic assessment. Additional drilling will also be prioritized upon completion and release of the MRE.

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 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.