Golden Age Announces Shares for Debt Transaction & Management Change

Executive Summary

• Golden Age Exploration Ltd. settled $126,000 of debt by issuing 1,800,000 common shares at a deemed price of $0.07 per share to creditor‑directors.
• All issued shares are subject to a four‑month hold period pending exchange approval.
• Effective January 23, 2026, CEO and President Kevin Hanson resigned; Director Tibor Gajdics assumed the role of President while remaining a director.

Key Details

• Debt Settlement: $126,000 owed to certain creditors (who are also directors) satisfied by issuing 1,800,000 common shares at $0.07 per share.
• Share Issuance Conditions: Subject to exchange approval; four‑month hold period expires four months and one day after issuance date.
• Related Party Transaction: Exempt from formal valuation and minority shareholder approval under MI 61‑101 because the fair market value of securities does not exceed $2,500,000. No material change report filed due to expedited closing.
• Management Change:
• Kevin Hanson resigned as Chief Executive Officer and President on January 23, 2026; will continue as a director.
• Director Tibor Gajdics consented to act as President effective the same date.
• Purpose of Share Issuance: Preserve cash for working capital by settling debt with equity rather than cash.

Notable Quotes

• “The Company would like to thank Mr. Hanson for his contributions during his tenure.” – Tibor Gajdics, President (per release)