Golden Harp Resources Inc. Announces Amended Agreement to Complete Consolidation of District-Scale Land Package

VANCOUVER, BC / ACCESS Newswire / November 10, 2025 / Golden Harp Resources Inc. (TSXVenture:GHR.H) ("Golden Harp"), a Canadian mineral exploration company, today provided an update to its September 3, 2025 news release where it announced that it has entered into a definitive agreement (the "Acquisition Agreement") with Timothy A. Young to acquire all of his right, title and interest, subject to certain existing net smelter return royalties, in and to certain mining claims (the "Initial Mining Claims") covering approximately 1,230 hectares. These claims are contiguous, or in close proximity, to Golden Harp's existing Copper Hill Property, and certain of which are located within the boundaries of McFarlane Lake Mining's (formerly Aris Mining Corporation's) adjacent Juby Gold Project.

The Copper Hill Property is currently comprised of the Main Block Property and the Block A Property. The Main Block Property is owned 100% by Golden Harp and represents mining claims covering approximately 4,830 hectares. The Block A Property is owned 49% by Golden Harp and 51% by Mr. Young, the Company's joint venture partner, and represents mining claims over approximately 5,490 hectares. Golden Harp and Mr. Young have entered into an amendment to the Acquisition Agreement (the "Amended Acquisition Agreement") whereby Golden Harp will also acquire from Mr. Young his 51% interest in the Block A Property, subject to any existing net smelter return royalties.

Ian Campbell, Golden Harp's Vice-President, Exploration, commented: "Today's announcement marks a further and critical strategic milestone for Golden Harp. The company's Copper Hill Property lies directly along geological trend from the Juby gold deposit, and this consolidation will position Golden Harp with a district-scale land package in an emerging gold district." Mr. Campbell concluded: "Upon closing, Golden Harp will emerge with a dominant land position covering over 11,500 hectares, and we are confident that it will add meaningful value to our exploration portfolio."

 

Below is a map of Golden Harp's property assuming closing of the acquisitions.

Foto: Accesswire

Consideration
As previously announced, as consideration for the acquisition of the Initial Mining Claims, Golden Harp will issue to Mr. Young 8,218,460 common shares. As additional consideration for the acquisition of Mr. Young's 51% interest in the Block A Property, Golden Harp will issue to Mr. Young 20 million common shares. All common shares issued to Mr. Young will be subject to a statutory hold period of four months and one day from the date of issuance.