Golden Metal Resources plc announced an update from the Company's 100% owned Pilot Mountain Project ("Pilot Mountain" or the "Project") located within the prolific Walker Lane Mineral Belt in Nevada, USA. In parallel with accelerated exploration, notably diamond drilling of key targets which is now underway at Pilot Mountain, the Company is looking to also accelerate development of the Project, using the current Mineral Resource Estimate ("MRE") as the initial basis for planning. Golden Metal has now engaged a consortium of Bara Consulting Ltd. ("Bara Consulting"), Snowden Mining Industry Consultants Ptd Ltd. ("Snowden Optiro") and Bomenco Minerals Engineering Corp.

("Bomenco Engineering") with Bara Consulting acting as the lead (collectively the "Consortium"). The Consortium has been engaged to evaluate existing technical information and provide a roadmap, comprised of actions, a schedule and a budget estimate to prepare for a Preliminary Feasibility Study ("PFS") on the Desert Scheelite deposit within the Pilot Mountain Project. The Consortium will be providing a select list of drillhole locations which specifically relate to resource upgrade as well as geotechnical engineering studies.

Multiple of the proposed drillholes will be completed as part of the current diamond drilling campaign and will directly lead into the planned PFS. Golden Metal has also now engaged Westland Engineering & Environmental Services Inc. ("Westland") to lead next stage permitting efforts including a Plan of Operations ("POO") at Pilot Mountain. Westland's team of highly experienced geologists, biologists, botanists, archaeologists, and environmental specialists will assist the Company with National Environmental Policy Act permitting requirements and associated baseline data collection and reporting.

The POO will allow for greater disturbances across the designated project area, paving the way for the Company to progress project development, as well as pre-construction and various development workstreams. Drilling at Pilot Mountain is progressing well and the Company will provide further updates in due course.