Golden Lake Exploration Inc. reported on its 2nd diamond drill hole of the 2022 field season, also located at the Hamburg Mine Target, on the Company's keystone Jewel Ridge project, located in the prolific Eureka gold district, Nevada. Hole JR-22-37DD returned an 18.71 metre interval from a depth of 24.57 metres averaging 2.85 grams gold per tonne (g/t Au), 20.5 g/t silver (Ag), 0.76 percentage lead (% Pb) and 1.13 percentage zinc (% Zn). This interval comprised a combination of "Carlin-style" and Carbonate Replacement Deposit ("CRD") mineralization.

This interval was over 24.57 metres to a depth of 50.90 metres, omitting 4.57 meters of void (Underground workings on CRD mineralization and 3.02 meters of waste (less than 0.20 g/t Au). Hole JR-22-37DD is collared approximately 225 metres south-southeast of hole JR-22-36DD with an azimuth of 165, dip -80, directed at a different target than holes JR-22-36DD. Hole JR-22-37DD intersected two intervals interpreted as CRD mineralization.

The first CRD interval, from 24.57 to 31.09 metres returned 6.52 metres averaging 6.88 g/t Au, 38.7 g/t Ag, 1.59% Pb and 1.84% Zn. The best individual intercept was from 24.99 to 26.12 metres, over 1.13 metres, returned 9.86 g/t Au, 61.0 g/t Ag, 1.87 % Pb, and 2.06 % Zn. The second CRD interval, from 46.33 to 50.90 metres, returned 4.57 metres averaging 1.13 g/t Au, 19.4 g/t Ag, 0.41% Pb and 0.99% Zn.

If the void is included at zero grade and the waste interval is included, the interval from 24.57 to 50.90 metres returned 26.34 metres averaging 2.03 g/t Au, 14.7 g/t Ag, 0.54 % Pb, and 0.82 % Zn. Two additional zones of lower grade were also intersected in hole JR-22-37DD. From 173.04 metres, an intercept over 7.01 metres averaged 0.37 g/t Au, 3.6 g/t Ag, 0.13 % pb and 0.32 % Zn.

From 187.45 metres, an intersection of 9.54 meters averaged 0.28 g/t Au and 2.6 g/t Ag, with no significant lead or zinc. · Hole JR-22-37DD was located approximately 35 Southeast of the Main Hamburg Mine open pit.