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”).