Mr. Brian McClay reports

GOLDEN PURSUIT REINSTATEMENT OF TRADING AND CORPORATE UPDATE

The TSX Venture Exchange has accepted Golden Pursuit Resources Ltd.'s application for reinstatement of trading of the company's common shares on the TSX-V. This follows the successful resolution of the failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission (BCSC) on Feb. 3, 2025, and revoked on Feb. 10, 2025. The company expects its common shares to be reinstated for trading shortly.

The FFCTO was issued as a result of the delay in the filing of the company's annual audited financial statements for the year ended Sept. 30, 2024. Upon the revocation of the FFCTO, the company applied to the TSX-V to have its common shares reinstated for trading.

The company acknowledges and appreciates the patience of its shareholders and stakeholders during this process, and reaffirms its commitment to adhering to high standards of compliance and corporate governance.

As at Sept. 30, 2024, the company had a working capital deficiency of $341,088. This deficiency was eliminated by a debt postponement agreement dated effective Dec. 31, 2024, by Brian McClay, president, chief executive officer and director, postponing repayment debt of $450,000 owed to him to April 1, 2027.

The company also announces that it has entered into a loan agreement dated Dec. 31, 2024, with Kathleen McClay, daughter of Brian McClay and an insider of the company by reason of holding more than 10 per cent of the issued shares of the company, for $87,500 representing past cash advances to the company to finance the company's working capital. The loan is interest free, payable on demand and can be prepaid at any time without penalty.

The company has entered into agreements with Trinity West Stables Ltd., a company owned by Ms. McClay, for an office rental agreement of $1,500 per month and truck rental agreement for $750 per month, which agreement began in 2016.