Golden Ridge Resources Signs Agreement to Acquire Majority Interest in Brazilian Mining Producer MM Group Ltda.

GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) (“Golden Ridge” or the “Company”) is pleased to announce it has entered into a definitive agreement (the “Share Exchange Agreement”) dated June 5, 2024 with MM Group LTDA. (“MMG”), Minas Mineração Ltda. (“Minas”) and certain members of MMG (collectively, the “Vendors”) pursuant to which it will acquire an 80% interest in MMG in consideration of the issuance of common shares in the capital of Golden Ridge (the “Golden Shares”) to the Vendors (the “Proposed Transaction”).

Golden Ridge Continues to Confirm Robust Mineralization at the Williams Gold Property with Intercepts of 24.65 meters of 2.22 g/t Au including 0.65 meters of 77.40 g/t

Kelowna, British Columbia – April 2, 2024 – Golden Ridge Resources Ltd. (“Golden Ridge” or “the Company”) (TSXV: GLDN) is pleased to announce the final assay results from the 2023 Phase II drilling campaign at the Williams Gold Property (“Williams” or “the Property”) within the Appleton and Dog Bay Fault Corridors (Figure 1). Golden Ridge has continued to generate encouraging results at the Property with recent assays recording mineralization up to 24.65 meters grading 2.22 g/t Au. The Williams Project is surrounded by New Found Gold Corp (NFGC)’s Queensway Gold Property where NFGC is currently undertaking a 650,000 meter drill program (Figure 2).1

Golden Ridge Intersects 70.75 Meters of 1.05 G/T AU Including 16.45 Meters of 2.38 G/T at the Williams Gold Property