Golden Lake and i-80 Gold to Collaborate on a Drone Magnetic Survey on Their Respective Properties, in the South Eureka Gold Belt, Nevada - Seite 2

Within such an environment, large-scale vertical and horizontal fluid flow along structures and permeable rock types suggest that prospective areas for precious and base-metal mineralization can be both large and widespread. This is indeed the case in the SEGB, as evidenced by outstanding drill results obtained recently by I-80 Gold Corp from a spectrum of deposit types, including CRD (Hilltop, Lower Hilltop), Carlin-type disseminated gold (Ruby Deeps) and skarns (Blackjack).

The high-resolution drone magnetic survey will assist in refining the role played by rock type, structure and proximity to intrusions and their relationship with mineralization at the district scale, as well as at the detailed property scale. Most importantly, the survey will assist in drill targeting, in efforts to extend known zones of mineralization and to discovering new deposits at both Jewel Ridge and Ruby Hill.

Michael England, CEO of Golden Lake Exploration stated; "We are appreciative of the opportunity to partner with i-80 Gold on this important survey. The drone survey will set the stage and supplement a Magnetotelluric/Deep Induced Polarization (MT/DCIP) survey, slated to commence at Jewel Ridge in early June, followed by a mid to late summer drill program. We hope to emulate some of the success at Jewel Ridge as realized by i-80 Gold, in their recent drill programs at Ruby Hill."

Qualified person:

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Don Hoy, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About Golden Lake Exploration Inc:

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO & DIRECTOR

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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).