Golden Pursuit reported that it has completed a work program consisting of sampling, line-cutting, permitting and geophysical surveys (magnetometer and IP) undertaken at the South Gordon Lake Project in the NWT. This work is summarized in a new NI 43-101 report which will be posted on Sedar and on the company's website. The property comprises ten historical occurrences of high-grade gold in quartz veins.

The current mineral tenure comprises four (4) historical mining leases, eighteen (18) territorial claims and thirteen (13) federal claims. The South Gordon Lake property lies 80 kilometers north-northeast of Yellowknife, the capital city of Northwest Territories. The total land package of 6,851.27 hectares with all properties owned 100% with no payments and no royalties except an optioned 1% NSR on two recently acquired leases (Vaydik and Nickerson). The South Gordon Lake occurrences are underlain by metaturbidites of the Archean Burwash Formation, and the area is considered favorable for turbidite-hosted quartz vein gold deposits.

Gold mineralization is commonly accompanied by sulphides and appears structurally controlled, contained within veins formed by folding of a prominent refold at Gordon Lake at the continued movement through shearing on the limbs of the refold. Notable examples of similar deposit types include the Meguma Group deposits in Nova Scotia, which produced in excess of 1.5 million ounces of gold, the Bendigo District deposits in Australia including Kirkland Lake Resources, which have produced in excess of 18 million ounces of gold and the recently discovered New Found Gold turbidite hosted deposits in Newfoundland. Although New Found Gold is situated in Cambrian to Silurian- aged rocks, the mechanisms of emplacement can be used to build a conceptual model for the South Gordon Lake project.

Clearly, major structures are important. The grades of these types of deposits commonly range from 5 g/t to more than 50 g/t gold. Sampling from the fall 2021 program resulted in spectacular sample results that included 1 sample of 6,190 grams/t, 2 samples of >1,000 gms/t and many of the showing areas have historical intersections of high-grade gold content, ranging from 10's of g/t up to > 400 g/t Au across widths ranging from 0.3 meters to 1.5 meters.

The Kidney Pond area has historical intersections ranging up to 4 g/t Au across 20 meters of true width. It is the ambition of Golden Pursuit to develop large breccia zones that are close to surface and host the historic intersections amenable to bulk surface and underground mining methods. The structural refold zone located south of the previously explored properties at Gordon Lake is described in a PhD thesis by Dr. Tim Stokes and has generally been ignored by previous operators whose focus was on veins with a minimum 15 gm/ton Au content due to gold prices and logistics.

Golden Pursuit believes that the south end of Gordon Lake represents a large, mineralized gold system with the opportunity to systematically explore all the occurrences in what can only be termed as under-explored. The historical work at Camlaren has shown that high-grade gold mineralization continues at depth below the historical mining depth of 1,000 feet. The highest-grade intersection reported from the 1980 drill program was at 1,120 feet below surface returning 2.65 ounces/ton Au across 21.1 feet (82.41 g/t Au across 6.43 meters).