Golden Rapture Mining Acquires High-Grade Swell Bay Project with Historical Results up to 718.06 g/t Au and 535.93 g/t Au - Updates on Its Other Projects

Executive Summary

• Golden Rapture Mining entered an option agreement to acquire 100% of the mineral rights to the Swell Bay Property (seven patented claims) in Ontario, with a staged cash‑and‑share payment schedule through March 2029.
• The property hosts historic high‑grade gold assays (up to 718 g/t Au) and extensive shear‑zone hosted quartz veining, indicating significant exploration upside.
• The company also completed two high‑resolution UAV magnetic surveys on its Northern Queen Mine (100% owned) and Bully Boy Mine (50% owned) properties, with results expected within weeks.

Key Details

• Option Agreement Terms – Swell Bay Property
• Initial payment: $5,000 cash + 150,000 shares (by Mar 10 2026).
• 1st anniversary: $10,000 cash + 500,000 shares (by Mar 10 2027).
• 2nd anniversary: $20,000 cash + 750,000 shares (by Mar 10 2028).
• 3rd anniversary: $30,000 cash + 1,000,000 shares (by Mar 10 2029).
• Optionors retain a 2% Net Smelter Return on all gold or mineable products.
• Historical Geology & Assays – Swell Bay property shows:
• Shear zone up to 1,500 ft wide with quartz‑vein hosted gold.
• Historic sampling (King’s Bay Gold, 2001) returned grades as high as 718.06 g/t Au and 535.93 g/t Au.
• Visible gold observed in multiple veins; mineralization includes pyrite, chalcopyrite, galena, and disseminated gold within quartz‑vug structures.
• UAV Magnetic Surveys – Conducted by Rosor Exploration:
• Platform: Matrice 300 RTK drone with Geometrics MagArrow magnetometer.
• Line spacing: 50 m; flight height: 50 m.
• Coverage: 342.1 line‑km over ~14.7 sq km (Northern Queen Mine) and similar work at Bully Boy Mine.
• Results expected in ~2 weeks pending processing and imaging.
• Northern Queen Mine Property – 100% owned, 77‑claim unit (~3,500 acres), historic gold/silver production (1897‑1899); located near NexGold Goliath Deposit and Dryden Gold claims.
• Bully Boy Mine Property – 50% owned, four patented claims with two historic shafts; high‑grade gold discovered as early as 1885, intermittent mining until 1906.
• Management Comment – President & CEO Richard Rivet highlighted the company’s in‑house portable hydraulic diamond drill and favorable market conditions for gold exploration.

Notable Quotes

“Both properties benefit from excellent infrastructure and strong accessibility… With gold prices hitting record highs this year, we're excited to explore our highly‑promising properties in what continues to be a very favourable market environment for gold explorers.” – Richard Rivet, President & CEO

Materiality Assessment: Material – Positive (the acquisition adds a high‑potential gold asset and the company is advancing exploration activities that could materially affect future valuation).