Golden Independence resource of 847K Oz of gold

May 17, 2023

Golden Independence Mining Corp announces the mobilization for the first phase exploration program at the Napoleon project located in the Kamloops Mining Division of British Columbia. The exploration contractor, Tripoint Geological Services, will be on site during the first week of June 2023.

“We look forward to being able to get boots on the ground and advancing a meaningful exploration program for the Napoleon project” commented Jeremy Poirier, CEO of Golden Independence. “The Napoleon project represents only one of the exciting exploration projects within the Company’s portfolio, along with the development-stage Independence project in Nevada which is currently undergoing preliminary site preparation in advance of a resource expansion drill program. We also recently attained a portfolio of highly prospective gold projects covering almost 8,000 hectares within the Upper Hyland River Gold Belt of the Yukon.”

Golden Independence cautions investors it has yet to verify the historical information and further cautions mineralization on the Bonaparte deposit is not necessarily indicative of similar mineralization on the Napoleon Gold Project.

Golden Independence Mining Corp hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021 Preliminary Economic Assessment (PEA) outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of US$1,078 per ounce of gold.

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