Golden Age Raises $720K for Exploration Efforts

Columbia, (Newsfile Corp. - October 20, 2026) - Golden Age Exploration Ltd. (CSE: GDN), a mineral exploration company with an international reach, has announced the successful completion of its non-brokered private placement. The company raised a total of $720,500 through the issuance of 3,602,500 Units, with each unit consisting of one common share and one half of one transferable share purchase warrant. The gross proceeds from the private placement were used to fund ongoing project-related expenditures in British Columbia and Australia, for working capital purposes, and to strengthen the company's treasury.

The private placement was further bolstered by the issuance of 1,377,500 units at a price of $0.20 per unit, generating gross proceeds of $275,500. Each unit consists of one common share and one half of one transferable share purchase warrant. The broker warrants, which have the same terms as those offered in the private placement, were issued in the second tranche of the placement, totaling $800 and 4,000 units.

The total proceeds from the private placement will be used to support the Company's exploration and development efforts in British Columbia and Australia. Additionally, some of the funds will be utilized to complete all of the cash-related obligations under the Share Purchase Agreement dated July 31, 2026, which was detailed in the Company's news release dated August 4, 2026.

The second and final tranche of the private placement closed on October 16, 2026, marking the successful conclusion of the fundraising round. The closing of the second tranche was a significant milestone for Golden Age Exploration Ltd., as it now has a stronger financial foundation to continue its exploration activities and expand its operations in key regions.

The Company's focus remains on identifying, analyzing, and re-assessing extensive historic and regional data from around the globe to identify prospective exploration opportunities worthy of significant exploration and exploitation. This strategic approach allows the company to capitalize on existing data and leverage its expertise to uncover new resources, thereby strengthening its position in the global mining industry.

Golden Age Exploration Ltd. is committed to maintaining transparency and accountability in its operations. The issuance of the warrants and the terms of the private placement are subject to a four-month plus one-day hold period, which expires on February 17, 2027. This hold period ensures that investors have sufficient time to evaluate the investment before it is fully liquidated.

The private placement, which was oversubscribed, underscores the company's commitment to growth and its ability to attract significant investment from both existing and new investors. The successful completion of this round of financing is a testament to the company's reputation and its ongoing efforts to identify and develop high-potential resource projects in established, mining-friendly jurisdictions globally.

Golden Age Exploration Ltd. continues to be a leader in the mineral exploration sector, with a strong focus on identifying and developing new resources. The company's success in raising capital through this private placement further cements its position as a key player in the industry, poised for continued growth and success.