Mr. Richard Rivet reports
GOLDEN RAPTURE MINING ANNOUNCES MILESTONE EVENT ON ITS PROPERTIES
Golden Rapture Mining Corp. has reached a milestone in the advancement of its property portfolio. The company is pleased to announce that it has completed the final option payments on its flagship Rainy River area Phillips gold property, securing full 100-per-cent ownership rights. Golden Rapture also confirms that no further property payments are outstanding on its three additional properties.
"This is an important milestone moment for Golden Rapture as we move into the 2026 exploration season with a clean, fully paid-up property portfolio. With all four properties now free of outstanding payment obligations, Golden Rapture will now be able to allocate capital more efficiently toward future exploration, drilling and value-generating field activities, et cetera," said Richard Rivet.
Under the terms of the Phillips gold property option agreement with the optionors being (Luc Gagnon 50 per cent and Daniel Darrah 50 per cent), Golden Rapture had so far paid the optionors a total of $105,000 cash and has issued an aggregate of 950,000 common shares of the company. The final consideration just paid last week included a cash payment of $10,000 and the issuance of an additional 500,000 shares. These shares will be subject to a statutory hold period of four months and one day from the date of issuance.
The optionors will also retain a 2.5-per-cent (NSR) net smelter return on all gold or mineable products from the property, and the optionee has the right to purchase 1.5 per cent from the optionors at a rate of $500,000.00 per 0.5-per-cent NSR.
Golden Rapture Mining Tier 1 property portfolio includes four properties hosting a combined total of 24 historical mine shafts:
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Phillips township gold property: The property hosts 18 historical mine shafts and is situated in the Rainy River mining district, Northwestern Ontario. Highlights of the company's drilling have so far returned high-grade intercepts as high as 285.00 grams per tonne Au (gold), with 114.96 g/t Au over 2.55 metres in hole 12 and 111.16 g/t Au over 1.50 metres in hole 17, confirming the presence of shallow high-grade zones around the old mine shafts and also outside the extensions of the old combined Mine workings. Ownership 100 per cent.
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Hutchison mine property: This gold property hosts three historical mine shafts located near the large producing Equinox greenstone open pit mine, Northwestern Ontario. The Hutchison mine is located on the northern border of the town of Greenstone, and the newly opened Equinox Gold greenstone open pit mine is located on the southern border of the town. This Geraldton-Beardmore greenstone belt is a gold camp that has seen about 20 producing mines over the years, with the Hutchison gold mine once being one of the richest mines in the area. It was
mined from 1937 to 1947. Ownership 100 per cent.
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Bully Boy mine property: Includes four patented mineral claims hosting two historical mine shafts.
The historical records of the Bully Boy mine are limited; however, archival Ontario Ministry of Mines files indicate that high-grade gold was first discovered in 1885 and that it was mined intermittently from 1898 to 1906.
Ownership 50 per cent.
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Northern Queen mine property: This newly acquired 77 claim unit property hosts one historical mine shaft and comprised roughly 3,500 acres. The Northern Queen mine property lies along the southern boundary of the NexGold Goliath gold deposit, and the eastern part of the property is also situated on the Northern border of the Dryden Gold claims. It produced gold and silver from 1897 to 1899. Ownership 100 per cent
"Golden Rapture is presently planning and looking forward to commencing an exploration program this Spring. Stay tuned for upcoming updates and announcements," said Mr. Rivet.
Qualified person
This news release has been reviewed and approved by John Archibald, independent PGeo, qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators.
About Golden Rapture Mining Corp.
Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential Tier 1 projects. Golden Rapture became listed on the Canadian Securities Exchange on March 14, 2024, and presently has 52,489,390 common shares issued.
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