Golden Pursuit closes first tranche of financing

Mr. Brian McClay reports GOLDEN PURSUIT COMPLETES FIRST TRANCHE FINANCING Golden Pursuit Resources Ltd. has completed the first tranche of its private placement, issuing: (i) one million flow-through (FT) units for an aggregate of $250,000; and (ii) one million non-flow-through (NFT) units for an aggregate of $200,000, previously announced on June 5, 2025, and July 17, 2025. Each FT unit consists of one flow-through common share and one-half of one flow-through share purchase warrant, with each whole warrant entitling the holder to purchase one flow-through common share at the price of 30 cents per share for a period of two years. Each NFT unit consists of one common share and one-half of one non-flow-through share purchase warrant, with each whole warrant entitling the holder to purchase one common share at the price of 25 cents for a period of two years. The private placement proceeds will be used to conduct exploration programs on the company's mineral properties at Gordon Lake, located in the Northwest Territories, and for general corporate purposes. No finders' fees were paid in connection with this issue. An insider of the company has participated in the foregoing offering, which constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceeds 25 per cent of the company's market capitalization. The private placement is subject to final exchange approval. All securities issued in the private placement will be subject to a four-month hold period expiring Dec. 1, 2025.