Golden Rapture Mining Announces Milestone Event on its Properties

Executive Summary

• Golden Rapture Mining completed the final option payments for its flagship Phillips Gold Property, achieving 100% ownership of all four Tier 1 properties.
• The company paid an additional $10,000 cash and issued 500,000 common shares, bringing total consideration to $105,000 cash plus 950,000 shares.
• High‑grade drilling results were disclosed for the Phillips Township Gold Property, including intercepts up to 285 g/t Au (hole 12: 114.96 g/t Au over 2.55 m; hole 17: 111.16 g/t Au over 1.50 m).

Key Details

• Final Option Payment: $10,000 cash + issuance of 500,000 common shares (subject to a statutory hold period of four months and one day).
• Total Consideration Paid to Date: $105,000 cash and 950,000 common shares issued to the optionors (Luc Gagnon 50% / Daniel Darrah 50%).
• Net Smelter Return (NSR): Optionors retain a 2.5% NSR on all gold or mineable products; Golden Rapture may purchase an additional 1.5% NSR at $500,000 per 0.5% NSR.
• Ownership Status: 100% ownership of all four properties (Phillips Township Gold Property, Hutchison Mine Property, Northern Queen Mine Property) and 50% ownership of Bully Boy Mine Property. No outstanding payment obligations remain.
• Drilling Highlights – Phillips Township Gold Property:
• Hole 12: 114.96 g/t Au over 2.55 m.
• Hole 17: 111.16 g/t Au over 1.50 m.
• Highest intercept reported: 285.00 g/t Au.
• Property Portfolio Overview:
  1. Phillips Township Gold Property – 18 historical mine shafts; high‑grade intercepts as above; 100% owned.
  2. Hutchison Mine Property – 3 historic shafts near Equinox Greenstone Open Pit; 100% owned.
  3. Bully Boy Mine Property – 2 historic shafts on four patented claims; 50% owned.
  4. Northern Queen Mine Property – 1 historic shaft on a 77‑claim unit (~3,500 acres); 100% owned.
• Future Plans: Company intends to commence an exploration program in Spring 2026 across the fully paid‑up portfolio.

Notable Quotes

“This is an important milestone moment for Golden Rapture as we move into the 2026 exploration season with a clean, fully paid‑up property portfolio… we will now be able to allocate capital more efficiently toward future exploration, drilling, and value‑generating field activities,” – Richard Rivet, President & CEO.