Golden Goose options Gran Esperanza from Valcheta

Executive Summary

• Golden Goose Resources Ltd. has signed a definitive agreement to acquire up to 100% of the Gran Esperanza gold project in Rio Negro Province, Argentina, from Valcheta Exploraciones SAS.
• The acquisition is structured as a staged option involving cash payments and exploration expenditures, allowing Golden Goose to earn a 51% joint venture interest, a 90% interest, or full 100% ownership.
• The project comprises approximately 44,400 hectares in the Los Menucos district, featuring high-grade historical surface sampling (up to 24.0 g/t Au) and recent confirmatory rock chip samples (up to 14.34 g/t Au).

Key Details

• Transaction Structure:
  • Golden Goose may earn up to 100% interest through a staged option.
  • First Option: Forms a joint venture with Valcheta; Golden Goose holds 51% and acts as operator.
  • Second Option: Golden Goose may elect to proceed directly to a 90% ownership position, deferring joint venture formation.
  • Third Option: Golden Goose holds 100% undivided interest.
  • Consideration: Cash payments and exploration expenditures (which may be substituted with cash). Golden Goose retains flexibility to accelerate payments/expenditures.
  • Royalty: Subject to a 1.0% Net Smelter Return (NSR) royalty. Golden Goose has the right to purchase 0.5% of this NSR for $1.0 million USD.
• Project Location & Scale:
  • Located in the Los Menucos district, North Patagonian massif, Rio Negro Province, Argentina.
  • Covers approximately 44,400 hectares of year-round accessible terrain.
  • Situated ~2 km from a paved highway with gentle topography.
  • Surrounded by major operators including Southern Copper; located near the Calcatreu project (currently under development).
• Geological Highlights:
  • High-grade, low-sulphidation epithermal gold-silver veins.
  • Approximately 10 km of historically mapped vein exposures.
  • Veins average 1–5 meters in apparent width with strike lengths of 50–2,500 meters.
  • Excellent infrastructure and access.
• Historical Exploration Data:
  • 30 trenches excavated exposing 2,937 meters of apparent vein length.
  • 690 continuous channel samples and 1,674 total rock samples collected.
  • Channel Sample Highlights:
    • 2.0 meters at 24.0 g/t gold.
    • 5.0 meters at 13.1 g/t Au.
    • 1.3 meters at 11.5 g/t Au.
    • 3.0 meters at 4.4 g/t Au.
    • 0.2 meter at 99.0 g/t silver and 2.8% copper.
    • 1.2 meters at 129.0 g/t Ag and 3.5% Cu.
    • 0.3 meter at 52.0 g/t Ag.
  • Rock Chip Sample Highlights:
    • Grades up to 24.4 g/t Au.
• Recent Management Activity (December 2025):
  • Management completed technical and legal due diligence.
  • Conducted site visit and collected four rock chip samples from exposed mineralized veins.
  • Recent Sample Results:
    • Three chip samples returned gold values above 2.0 g/t Au.
    • One sample graded 14.34 g/t Au.
    • Samples analyzed by ASI Laboratories (Mendoza, Argentina) using fire assay with atomic absorption finish (method Au4-50).
• Company Capital Structure (as of release):
  • Shares outstanding: 63.6 million.
  • Fully diluted: ~102.2 million.
  • Warrants: 32.7 million exercisable at $0.34.
  • Options: 5.9 million exercisable at $0.14.
  • Insider ownership: 30%.

Notable Quotes

• "Signing the definitive agreement for Gran Esperanza represents an important milestone and transformative step for Golden Goose. The project stands out due to its favourable structural and geological setting, confirmation of numerous surface-exposed vein networks, excellent historical reported grades, and outstanding site access... The information collected to date positions Gran Esperanza as a compelling, drill-ready exploration project with the potential to rapidly deliver high-impact results." — Dustin Nanos, Chief Executive Officer