Golden Lake Exploration Inc. has announced it has entered into a new mining lease with an option to purchase with GM Squared, LLC for the Jewel Ridge project near Eureka, Nevada. The agreement covers 96 unpatented and 11 patented federal mining claims, representing about 80 percent of the project. Under the seven-year lease, Golden Lake will make annual payments of US$25,000 and must invest at least US$1 million in mining, exploration, and development activities during the first three years. The company also has the option to purchase the property for US$3 million, less lease payments made. Upon production, a 4% net smelter returns royalty will be paid, with options to buy down the royalty rate. Golden Lake also recently expanded its land holdings near Jewel Ridge by staking an additional 46 lode claims.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golden Lake Exploration Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1Bz4FlOxN) on December 30, 2025, and is solely responsible for the information contained therein.