Golden Rapture Amends Option Agreement on its Phillips Township Property
Golden Rapture Amends Op�on Agreement on its Phillips Township Property
Edmonton, Alberta – June 24, 2025 – Golden Rapture Mining Corpora�on (CSE: “GLDR”) is pleased to announce that its board of directors has approved the amendment of the op�on agreement on its Phillips Township property located in the Rainy River District, NW Ontario.
The Company and the property vendors have both agreed to amend the original property option agreement terms:
WHEREAS:
The par�es agree to amend the terms of the remaining two payments, which were originally: $45,000 and 200,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$50,000 and 250,000 shares on 4th anniversary on or before Sept. 25, 2026.
NEW TERMS:
The new amended payment schedule is shown below:
$10,000 and 500,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$10,000 and 500,000 shares on 4th anniversary on or before Sept. 25, 2026.
All other terms of the original agreement will remain the same.
Richard Rivet said:
“We are pleased to have successfully nego�ated these new amendments to our Phillips Township property op�on agreement, which will save the company $75,000 in cash payments. We are also wai�ng for the results of our recent surface sampling program, which was recently completed with 73 samples sent to the Agat Lab in Thunder Bay. The program tested areas where strong linear anomalies were iden�fied throughout the project area, with the strongest anomalies occurring in the northeast corner. We expect to receive the results next week.”
Qualified Person
The technical and scien�fic informa�on in this news release has been reviewed and approved by John Archibald, P.Geo., Explora�on Manager of Golden Rapture, who is a Qualified Person as defined by NI 43-101.
About Golden Rapture Mining
Corpora�on Golden Rapture Mining is a newly listed explora�on company engaged in the acquisi�on, explora�on and development of high-poten�al assets. The company’s Phillips Township Property is located in the Rainy River District of NW Ontario. It is comprised of 10,000+ acres of highly prospec�ve past-producing high-grade gold systems with a total of 18 mine sha�s on the property.
Golden Rapture has was listed for trading on the CSE on March 8, 2024, and the current number of issued and outstanding shares is 37,469,390. The Canadian Securi�es Exchange has not reviewed or approved the contents of this news release.
On behalf of the Board
Richard Rivet, Chief Execu�ve Officer Email: [email protected] Phone: 780-729-5395 For more info, please look at our website at h�ps://goldenrapturemining.com
Forward-looking statements include predic�ons, projec�ons, and forecasts and are o�en, but not always, iden�fied by the use of words such as “seek”, “an�cipate”, “believe”, “plan”, “es�mate”, “forecast”, “expect”, “poten�al”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the nega�ves thereof. All statements other than statements of historical fact included in this release, including, without limita�on, statements regarding the Company’s planned explora�on programs and drill programs and poten�al significance of results are forward-looking statements that involve various risks and uncertain�es. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those an�cipated in such statements. Forward-looking statements are based on a number of material factors and assump�ons. Important factors that could cause actual results to differ materially from Company’s expecta�ons include actual explora�on results, changes in project parameters as plans con�nue to be refined, results of future resource es�mates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business condi�ons, uninsured risks, regulatory changes, defects in �tle, availability of personnel, materials, and equipment on a �mely basis, accidents or equipment breakdowns, delays in receiving government approvals, unan�cipated environmental impacts on opera�ons and costs to remedy same, and other explora�on or other risks detailed herein and from �me to �me in the filings made by the Company with securi�es regulators. Although the Company has a�empted to iden�fy important factors that could cause actual ac�ons, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such ac�ons, events, or results to differ materially from those an�cipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cau�oned not to place undue reliance on forward-looking statements.