Mr. Kevin Hanson reports

GOLDEN AGE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT & EXERCISE OF STOCK OPTIONS

Further to the news release of Jan. 14, 2026, announcing a non-brokered private placement, Golden Age Exploration Ltd. has closed the non-brokered private placement, issuing a total of 5.1 million units at a price of five cents per unit for gross proceeds of $255,000. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 6.5 cents for a period of two years from closing.

Proceeds from the private placement will be used for unallocated working capital, including administration costs, exploration and evaluation expenditures, and other short-term investments.

All securities issued upon closing of the private placement will be subject to a four-month hold period in accordance with applicable securities laws.

Related-party disclosure

655992 B.C. Ltd., a company owned by Tibor Gajdics, president and director of the company, purchased one million units in the private placement.

The above-noted subscription is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be distributed in the private placement, nor the consideration to be received for those securities, insofar as the private placement involves the referenced related party, exceeds $2.5-million. The company did not file a material change report more than 21 days before the expected closing of the private placement as the details of the private placement and the participation therein by related parties of the company were not settled until shortly prior to closing and the company wished to close on an expedited basis for sound business reasons.

Exercise of stock options

The company wishes to also announce that 200,000 stock options priced at 10 cents per option were exercised by management of the company, and, accordingly, the company has issued 200,000 shares in connection with that exercise of stock options.