GOLD Mountain Announces Additional Phase 1 Assay Results (GMTN, GMTNF, 5XFA)
Channel: RICH TV LIVE
Date: 2021-04-22

GOLD Mountain Announces Additional Phase 1 Assay Results (GMTN, GMTNF, 5XFA) - RICH TV LIVE - April 22. 2021 - Gold Mountain Mining Corp. ("Gold Mountain" or the "Company" ) (TSX.V:GMTN)(OTCQB:GMTNF)(Frankfurt:5XFA) is pleased to announce results from the Company's latest drill hole intercepts located at its 100% owned Elk Gold Project located near Merritt, BC. These assay results extend known high-grade mineralization of the 2600 and 2700 vein systems and showcase near-surface gold grades consistent with the Company's successful deep drilling results announced on April 14th, 2021. Additionally, the Company's re-logging of historic core using the latest technology continues to uncover high-grade mineralization missed by previous operators.

Highlights:

The results from the latest assays extend the 2600 and 2700 vein and convey strong grade continuity as the Company continues infilling. Drill results include:
SND20-033 intercepted 1.3m averaging 13.3 g/t Au (including 0.30m averaging 56.5 g/t Au)
SND20-033 intercepted 1.3m averaging 4.5 g/t Au (including 0.30m averaging 19.2 g/t Au)
Relogging and sampling program uncovered a new vein intercept from a historic hole:
SND11-128, yielding 0.2m averaging 47.8 g/t Au
Gold Mountain's CEO Kevin Smith commented: "These results at the tail end of our Phase 1 Drill program bring our hit rate to 100%. Every drill hole from this program returned significant gold intercepts. The primary goal of the final drill holes was to in-fill data gaps in the 2600 and 2700 vein system and to further enhance JDS' underground geotechnical model. Having these holes return some of our highest grades is a welcomed surprise. Additionally, we continue to uncover phenomenal grades from our relogging program that is proving to be an economical way to fill gaps in our model. The Elk Gold project continues to demonstrate excellent continuity and expandability."

Kevin Smith continues, "Gold Mountain finds itself in a unique position where we're able to deliver shareholder value not only through our exploration efforts but also through the coming transition into development and production. This gives us a unique upside in the junior space which we feel sets us apart from our peers. The market seems to be waking up to our story and with early shareholders staying long there has been a great response in our share price. Management is extremely focused on execution and looks forward to continuing to deliver meaningful progress in the coming months."

Quality Assurance/Quality Control (QA/QC) Measures and Analytical Procedures

Gold Mountain adheres to a strict QA/QC monitoring program that includes the insertion of blanks, standards and duplicates into the sample stream, as well as the re-submission of select samples for check assays by an independent third party laboratory. Core samples were analyzed by Actlabs in Kamloops BC using Fire Assay methods with a gravimetric finish for results over 10g/t gold.

No material QA/QC issues were noted with the results received from the laboratory.

Qualified Person

The foregoing technical information was approved by Grant Carlson, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Operating Officer for the Company.

About Gold Mountain Mining

Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a past-producing mine located 57 KM from Merritt in SOuth Central British Columbia.

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