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Edmonton, Alberta – TheNewswire - June 24, 2025 – Golden Rapture Mining Corporation (CSE: “GLDR&) is pleased to announce that its board of directors has approved the amendment of the option agreement on its Phillips Township property located in the Rainy River District, NW Ontario.
The Company and the property vendors have both agreed to amend the original property option agreement terms:
WHEREAS:
The parties agree to amend the terms of the remaining two payments, which were originally:
$45,000 and 200,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$50,000 and 250,000 shares on 4th anniversary on or before Sept. 25, 2026.
NEW TERMS:
The new amended payment schedule is shown below:
$10,000 and 500,000 shares on 3rd anniversary on or before Sept. 25, 2025.
$10,000 and 500,000 shares on 4th anniversary on or before Sept. 25, 2026.
All other terms of the original agreement will remain the same.
Richard Rivet said:
“We are pleased to have successfully negotiated these new amendments to our Phillips Township property option agreement, which will save the company $75,000 in cash payments. We are also waiting for the results of our recent surface sampling program, which was recently completed with 73 samples sent to the Agat Lab in Thunder Bay. The program tested areas where strong linear anomalies were identified throughout the project area, with the strongest anomalies occurring in the northeast corner. We expect to receive the results next week.&
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by John Archibald, P.Geo., Exploration Manager of Golden Rapture, who is a Qualified Person as defined by NI 43-101.
About Golden Rapture Mining
Corporation Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential assets. The company&s Phillips Township Property is located in the Rainy River District of NW Ontario. It is comprised of 10,000+ acres of highly prospective past-producing high-grade gold systems with a total of 18 mine shafts on the property.
Golden Rapture has was listed for trading on the CSE on March 8, 2024, and the current number of issued and outstanding shares is 37,469,390. The Canadian Securities Exchange has not reviewed or approved the contents of this news release.
On behalf of the Board
Richard Rivet, Chief Executive Officer
Email: goldenrapture@outlook.com
Phone: 780-729-5395
For more info, please look at our website at https://goldenrapturemining.com
Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as “seek&, “anticipate&, “believe&, “plan&, “estimate&, “forecast&, “expect&, “potential&, “project&, “target&, “schedule&, “budget& and “intend& and statements that an event or result “may&, “will&, “should&, “could& or “might& occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company&s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company&s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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