High Gold - Silver Values At The Jewel Ridge Property

VANCOUVER - Golden Lake Exploration Inc. reported additional high gold and silver values from the South Eureka Tunnel target area on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. Selective rock grab samples taken by the Company's geological team in conjunction with the recent reverse-circulation (RC) drill program have returned the highest gold values to date by the Company on the property. Sample EU-80 returned 21.70 grams gold per tonne (g/t Au), 123.0 grams silver per tonne (g/t Ag), 0.19 percentage copper (% Cu), 2.55 % lead (Pb), and 1.52 % zinc (Zn).

"While we await assays from the Phase one drill program it is very encouraging to come up with more indications of widespread mineralization throughout the Jewel Ridge property. New areas such as these will be considered and prioritized as targets for our Phase 2 program." said Mike England, CEO.

A total of fifteen (15) rock grab samples were taken by Company geologists in both the "Southwest of Eureka Tunnel" and "Northeast of the Eureka Tunnel" areas. The area northeast of the Eureka Tunnel is located north east of the portal and is an area of intense road building and shallow, historic drill holes. Soil values from the recent geochemical survey returned gold values up to 0.47 g/t Au in the area of the rock samples reported above. Silver and base metals values are markedly lower on samples from this target area and are interpreted to reflect Carlin-style, oxide gold mineralization.

While grab rock samples are not representative of the grade of mineralization of an occurrence or target, they are useful in determining prospectivity and geological features. All samples are analyzed for copper, gold, silver and 31 other elements.  The Company also reports that the maiden RC drill program has been completed on the Jewel Ridge property, comprising 10 holes and 5,200 feet (1,585 meters).