Golden Lake Exploration Inc. Announces Convertible Promissory Note

Golden Lake Exploration Inc. has announced plans to enter into a convertible promissory note to secure a loan of C$50,000. The unsecured loan will mature on December 31, 2025, and bears an interest rate of 10% per annum. The note is convertible to common shares at a conversion rate of $0.05 per share. Shares converted from the loan are subject to a hold period of four months and one day, complying with Canadian securities law and Canadian Securities Exchange policies.

The loan proceeds are earmarked for payments to the U.S. Bureau of Land Management. These payments aim to maintain the standing of the Jewel Ridge claims, a key focus of Golden Lake’s exploration program.