Golden Lake Exploration Hires Walk the Street Capital Inc for Media Services

Rhea-AI Summary

Golden Lake Exploration (CSE:GLM)(OTCQB:GOLXF) has engaged Walk the Street Capital Inc. (WTS Capital) for media services. The 5-month agreement, starting July 29th, 2024, involves WTS Capital providing media content strategy, creation, and dissemination services. Compensation includes $10,000 monthly and 500,000 stock options at $0.05, exercisable for one year.

CEO Mike England expressed enthusiasm about working with WTS Capital to expand their audience, particularly regarding developments at their Jewel Ridge project in Nevada. The company also granted 500,000 options to a consultant. Golden Lake's primary focus is on the Jewel Ridge property, strategically located near significant gold mining operations in Nevada's Battle Mountain-Eureka trend.

Positive

• Engagement of media services to potentially increase investor awareness
• Strategic location of Jewel Ridge property near established gold mines
• Expansion of stock option plan, potentially aligning interests with consultants

Negative

• Additional monthly expenses of $10,000 for media services
• Potential dilution from 500,000 new stock options

VANCOUVER, BC / ACCESSWIRE / July 31, 2024 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ("GLM" or the "Company") is pleased to announce that it has entered into a consulting services agreement dated July 29^th, 2024, with Walk the Street Capital Inc. ("WTS Capital"), pursuant to which WTS Capital will provide media content strategy, creation, and dissemination services.

Golden Lake CEO Mike England commented, "WTS has come highly recommended, and we look forward to working together with them to help expand our audience at this exciting stage of events transpiring at, and around, our Jewel Ridge project in Nevada."

The initial term of the agreement is for 5 months and may be renewed with the mutual written agreement of both parties. During the initial term, WTS Capital will be paid $10,000 per month plus 500,000 options at exercisable at $0.05 for a period of one year set in accordance with the Company's stock option plan.

WTS Capital is arm's length to Golden Lake, and to the Company's knowledge, WTS Capital and its principals do not currently own any securities. WTS may though, from time to time, acquire and dispose of shares for investment purposes during the term of the agreement. WTS Capital can be contacted at 405 Ridge Rd N, Ridgeway, Ontario L0S 1N0; Tel: (905) 321-1470; josh@walkthestreetcapital.com.

The Company also announces it has set 500,000 options to a consultant of the Company in accordance with the Company's stock option plan.

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. The Jewel Ridge property is located on the south end of Nevada's prolific Battle Mountain-Eureka trend, along strike and contiguous to Barrick Gold's Archimedes/Ruby Hill gold mine to the north and Timberline Resources' advanced-stage Lookout Mountain project to the south. The Company also owns a large early-stage property in south-central British Columbia, contiguous to Kodiak Copper Corp., and Gold Mountain Mining Inc., that is highly prospective for copper-gold porphyry and mesothermal gold-bearing quartz-vein mineralization.

ON BEHALF OF THE BOARD,
"Mike England"
____________________________
Mike England, CEO & Director

For further information please contact:
Tel: +1-604-683-3995
Toll-Free: +1-888-945-4770

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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 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).

SOURCE: Golden Lake Exploration Inc.

View the original press release on accesswire.com

FAQ

What media services agreement did Golden Lake Exploration (GOLXF) recently enter?

On July 29th, 2024, Golden Lake Exploration entered a 5-month agreement with Walk the Street Capital Inc. for media content strategy, creation, and dissemination services.

How much is Golden Lake Exploration (GOLXF) paying for the media services?

Golden Lake Exploration is paying Walk the Street Capital Inc. $10,000 per month plus 500,000 stock options exercisable at $0.05 for one year.

Where is Golden Lake Exploration's (GOLXF) Jewel Ridge property located?

The Jewel Ridge property is located on the south end of Nevada's Battle Mountain-Eureka trend, near Barrick Gold's Archimedes/Ruby Hill gold mine and Timberline Resources' Lookout Mountain project.

What other property does Golden Lake Exploration (GOLXF) own besides Jewel Ridge?

Golden Lake Exploration also owns a large early-stage property in south-central British Columbia, which is prospective for copper-gold porphyry and mesothermal gold-bearing quartz-vein mineralization.