GOLDEN RIDGE RESOURCES TSX-V:GLDN NEWFOUNDLAND’S NEWEST GOLD EXPLORER CORPORATE PRESENTATION S E P T E M B E R 2 0 2 0 335-1632 Dickson Avenue, Kelowna, BC, V1Y 7T2 | Email:info@goldenridgeresources.com | Web: goldenridgeresources.com 1
CAUTIONARY STATEMENT Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of Golden Ridge Resources Ltd. (“Golden Ridge”). This summary may include forward -looking statements as well as historical information. Forward-looking statements include, but are not limited to, the advancement of mineral exploration, development and operating programs. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “expect,” “may,” “project,” “plan” and simi lar expressions are intended to be among the statements that identify forward-looking statements. Although Golden Ridge believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The information contained in this summary was current at the date of publication. Golden Ridge does not warrant or make any representations as to the ongoing accuracy of this information, the validity or completeness of any facts or information contained in this summary. Golden Ridge may revise this information in subsequent publications but does not assume the obligation to update any information. Golden Ridge shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the reader arising out of the interpretation, reliance upon or other use of the information contained in this summary. This information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in this summary. * Adjacent Properties This presentation contains information about adjacent properties on which Golden Ridge does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. Qualified Persons Dr. Gerry Carlson, P.Eng., a consultant to the Company, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical data in this presentation. ** Readers are cautioned that the exploration targets at the Hank, Heritage, and Williams property are early-stage exploration prospects, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. ** Historical information contained in this presentation, maps or figures regarding the Company’s project or adjacent propert ies cannot be relied upon as the Company’s QP, as defined under NI 43 -101 has not prepared nor verified the historical information 2 2
1. Hank (Au, Cu) 4. Heritage (Ag, Au) • British Columbia, Canada • Newfoundland and Labrador, Canada 2. Ball Creek (Au, Cu) 5. Williams (Au, Ag) • British Columbia, Canada • Newfoundland and Labrador, Canada 3. North Canol (2%/0.5% NSR) 6. Greenfields Portfolio (Au, Ag) • Yukon Territory, Canada • Newfoundland and Labrador, Canada 3
Strong insider ownership ▪ Trading Symbols GLDN ~$3.1 million cash with low ▪ burn rate Issued & Outstanding 38,140,949 No Debt ▪ Options 1,229,000 Company owns 1,100,000 ▪ shares of Fireweed Zinc (TSX.V-FWZ; current SP: $0.71) Warrants 11,213,911 Owns 0.5% base metal NSR ▪ and 2% precious metal NSR on Fully Diluted 50,583,860 Fireweed Zinc’s NS/BR Claims 4
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SAMPLE DESCRIPTION Au g/t SAMPLE DESCRIPTION Au g/t 235701 Sil qtz breccia black veining 1% arsenopyrite 0.271 235709 Rubble from road with qtz veining 2%py 8.56 235702 Sil qtz breccia 1% cpy sub crop 0.123 235710 Road fill qtz boulders with vg local 51.6 16.9 235703 Sil qtz breccia cpy auz bornite 0.128 235711 Same as 710 vg 235705 Cross cutting vein 4cm wide py oc 1.29 235712 Same as 710 vg 0.487 235706 Same as 706 2.30 235713 Same as 710 VG 0.510 27.2 35.8 235707 Rubble on road from local area qtz flooding 235714 Sil breccia subcrop oc tr with vg 235708 Same as 708 3.93 11 Source: White Metals Resources Corp. Assessment Report on Prospecting and Rock Sampling, November 24, 2019 Footnote 2
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Hickman Zone (Looking Northeast) 13
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The BCGS ‘Red line’, recognized as 2019 program focus areas playing a major role in the emplacement of all significant mineral deposits in the Golden Triangle (e.g. Brucejack, Schaft Creek, Galore Creek, Saddle and Red Chris), lies adjacent to the mineralized zones on Hank and is interpreted to play a fundamental role in the emplacement of mineralization on the Property. Footnotes: 3, 4
Sample ID Type Cu (%) Au (g/t) Ag (g/t) Outcrop HICK-CP-02 5.29 0.28 6.29 Grab S023217 Float Grab 0.57 0.03 1.28 S023230 Float Grab 1.45 0.12 6.01 Outcrop S023231 0.59 0.24 1.99 Grab G0750759 Float Grab 2.48 0.06 4.04 16 Footnote 5, 7
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Cu Sample ID Type Au (g/t) Ag (g/t) (%) Subcrop S023222 2.60 0.26 25.3 Grab Subcrop S023217 2.91 1.06 4.15 Grab 18 Footnote 5
Hank Property 19
➢ ➢ ➢ Footnote 6
➢ ➢ ➢ 21 Footnote 6
➢ ➢ 22 Footnote 6
From Interval Cu Hole ID To (m) Au (g/t) Ag (g/t) (m) (m) 1 (%) HNK-18-001 72.00 399.00 327.00 0.31 0.35 1.94 incl. 105.00 180.10 75.10 0.44 0.54 3.33 incl. 259.50 322.00 62.50 0.45 0.60 2.90 incl. 302.00 322.00 20.00 0.70 0.90 4.88 23 Footnote 7
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