Golden Lake Exploration Inc. reported it has intersected the "Red Zone", marked by the visual arsenic minerals orpiment and realgar, in hole JR-22-42DD, a follow up drill hole to hole JR-22-36DD located at the Hamburg Mine Target, on the Company's keystone Jewel Ridge project, located in the prolific Eureka gold district, Nevada. Hole JR-22-42DD was drilled at a -50 dip on an azimuth 265 to a depth of 183.5 metres (602 ft). As previously reported, (March 23, 2022), hole JR-22-36DD returned 26.37 meters averaging 5.38 grams gold per tonne (g/t Au) from a shallow depth of 42.64 meters.

The high grade mineralization (8.56 metres averaging 10.72 g/t Au from a depth of 56.66 metres) occurred within the Dunderberg Shale horizons, associated with silicification and sulfidation, and with frequent and vivid arsenic sulfide minerals, orpiment and realgar. The Dunderberg Shale represents an attractive underexplored geologic target, in addition to the known oxide gold mineralization in the altered, oxidized dolomite breccias of the Hamburg Dolomite. The prospective Hamburg Dolomite-Dunderberg Shale contact is projected to extend the entire 3.5-kilometer length of the Jewel Ridge property.

Procedures have been implemented to assure QA/QC of drill hole assaying being done at an ISO accredited assay laboratory. All intervals of drill holes are being assayed and samples have been securely shipped and received by ALS Labs in Reno, Nevada, with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence.

All results will be analyzed for consistency. Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Garry Clark, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.