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Goldhills Holding Ltd
Symbol GHL
Shares Issued 31,452,006
Close 2025-05-23 C$ 0.045
Market Cap C$ 1,415,340
Recent Sedar+ Documents

Goldhills Holding receives Lennac Lake drill permit

2025-05-27 12:46 ET - News Release

Subject: No Subject! PDF Document

File: Attachment 250527 NR Lennac Drilling Permit issued .pdf

GOLDHILLS HOLDING LTD RECEIVES DRILL PERMIT FOR LENNAC LAKE

Vancouver, BC/ May 27, 2025 Goldhills Holding Ltd. (TSX-V:GHL OTCQB: GODZF Frankfurt: GRYA) ("Goldhills" or the "Company") is pleased to announce that it has received a multi-year area based drilling permit for the Lennac Lake Project from the Ministry of Mining and Critical Minerals of British Columbia. "This is an important step in moving the project forward to initiate a drilling program to assess the potential of this remarkable deposit," said Sergei Stetsensko, CEO of Goldhills Holding Ltd. The Company will provide an update regarding next steps in the near future.

The Lennac Lake Project is located in the Babine Copper Moly Porphyry district in central British Columbia. The property has a history of exploration dating back to 1971 and is an early exploration project with substantial potential for discovery of further porphyry and related mineralization. The main target, and most developed prospect is the West Zone. Two drill holes in 2012 confirmed porphyry copper plus or minus molybdenum mineralization hosted in potassic altered porphyritic intrusive rocks to depths greater than 300 metres and remain open. Previous diamond and RC drill programs have worked to constrain the lateral extent of mineralization and alteration. Airborne magnetic data, as well as ground IP provides adequate geophysical data to guide future drill programs by correlating potential mineralized zones to chargeability and magnetic parameters. A higher grade Cuplus or minusMo core or feeder zone could be located at depth or within the volume of rock between the 2012 drill holes. For a comprehensive report on the Lennac Lake Project see the Company's 43-101 Technical Report filed on SEDAR+ on June 21, 2024.

Jeremy Hanson P.Geo. is a Certified Professional Geologist and `Qualified Person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties. He has verified and approved the information contained in this news release.

Goldhills Holding Ltd.

Steven Sangha Director Phone: 7782286872

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information Cautionary Statement

This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). These forward- looking statements relate to anticipated exploration activities, geological interpretations, and potential mineralization at the Lennac Lake Project, as well as future updates, permitting, and development plans. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are based on a number of assumptions that, while considered reasonable by management at the time of preparation, may prove to be incorrect. These assumptions include: the accuracy and completeness of historical exploration data; the continuity and extent of mineralization observed in past drill holes; the reliability of geophysical interpretations; the Company's ability to obtain necessary permits and approvals on a timely basis; and the availability of sufficient financing and skilled personnel to advance the project as planned. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements. These risks include, but are not limited to: the possibility that historical drilling and geophysical data may not be indicative of future results; unexpected geological or environmental conditions; challenges in mobilizing equipment or personnel; regulatory changes or delays in permitting; fluctuations in commodity prices, particularly copper and molybdenum; availability of exploration capital; and other risks associated with mineral exploration and development in British Columbia. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained in this news release are made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any such statements, whether as a result of new information, future events, or otherwise, except as required under applicable securities legislation. Additional information identifying risks and uncertainties that could affect the Company's operations and financial results is contained in the Company's continuous disclosure documents available at www.sedarplus.ca.

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