Mr. Glenn Mullan reports

GOLDEN VALLEY MINES ANNOUNCES ANNUAL MEETING RESULTS

Golden Valley Mines Ltd. has released the results of its annual meeting of shareholders held in Val d'Or, Que., and by telephone conference on June 26, 2020.

At the meeting, shareholders elected four incumbent directors, being Joseph Groia, Jimmy S. H. Lee, William D. McCartney and Glenn J. Mullan, and reappointed MNP LLP as Golden Valley's auditor for the ensuing year.

Following the shareholder meeting, the board reconstituted its audit committee, the compensation committee and the corporate governance committee. The board also reappointed officers for the ensuing year as follows.

Chair, president and chief executive officer:  Mr. Mullan

Lead director:  Mr. Groia

Chief financial officer and corporate secretary:  Rico De Vega

Vice-president, exploration:  Michael P. Rosatelli

The corporation's board has granted incentive stock options to its directors, officers, employees and consultants entitling the purchase of an aggregate 250,000 common shares at a per share price of 68 cents for a period of five years.

About Golden Valley Mines Ltd.

Golden Valley Mines is focused on project generation and continues to evaluate opportunities to enhance its mining exploration property portfolio.

We seek Safe Harbor.