Full Monty Property Returns Significant Gold-Silver-Zinc Values In Samples

VANCOUVER - Golden Lake Exploration Inc. reported on rock and soil sampling on its Copperview South property located in south-central BC. Grab samples (40 samples) from outcrop locations and old surface and underground workings over three target areas returned peak values of 13.35 grams gold per tonne (g/t Au), 1,280.00 grams silver per tonne (g/t Ag), 41,000 parts per million copper (Cu ppm) or 4.10 percentage copper (Cu %), 42,000 ppm lead (Pb) or 4.20 Pb %, and 212,000 ppm zinc (Zn) or 21.20 Zn%. The average of 40 rock samples was 0.66 g/t g/t Au, 57.72 g/t Ag, 1,613 ppm Cu, 3,401 ppm Pb, and 11,999 ppm Zn.

Most of the field work and sampling from the fall 2022 program was focused on the "Full Monty" property which covers three BC Minfile prospects/showings (from north to south, Snowstorm 092HNE032, Fisher (Fissure) Maiden 092HNE001, and Mabel 092HNE028). The property covers the south Siwash Creek drainage, which was a historical placer location in the early 1900's.

Historic work including development of six adits, completed from 1917 to the late 1920's with additional underground work in 1951-1952. Prospecting, sampling, soil geochemistry and geophysics have been completed by various companies from the 1980's to 2000's. On the current property, a total of 32 percussion or diamond drill holes have been completed, comprising 2,318 meters. The prospects and showing consists of quartz veins and stockworks associated with shear zones in granite of the Middle Jurassic Osprey Lake batholith. The veins and shears are silicified and mineralized with hematite, pyrite, and chalcopyrite, and copper oxides (malachite).

Based on government assessment reports and private company data, significant values of gold, silver, copper, lead. and zinc have been returned in historic underground and surface sampling and in drill holes. Many historic drill holes were maxed out at 1.00% Zn which based on the Company's recent sampling program may have significantly under-estimated the zinc content of the mineralizing system.