Golden Horse Minerals Limited announced the Company has further bolstered its landholding in the Southern Cross Greenstone Belt having entered into agreements dated 26 July 2023 and 1 August 2023 to acquire further tenements located within the Yilgarn Minera Field, Western Australia. The Southern Cross Greenstone Belt is one of Australia's top producing gold provinces having produced more than 12Moz of gold and the Company has now successfully consolidated more than 930km2 of tenure within the northern extent of the region. Ennuin Package: Golden Horse has entered into an agreement with prospectors Vernon Strange and Kym McClaren to acquire a series of projects which are located approximately 30km north of the town of Bullfinch.

The Ennuin Package consists of: Birthday Mine project (M77/450, L77/262 & G77/123); Ennuin Exploration Tenement (E77/2429); Newfield East project (P77/4629, P77/4630 and P77/4631); Strategic Copperhead Prospecting Lease (P77/4357); Remaining 10% equity of E77/2691; and Tenure south of Battler Gold Mine (P77/4593) and Blackbourne (E77/2829). Strategic Copperhead Prospecting Lease (P77/4357): Golden Horse has acquired a strategic prospecting lease for an area located immediately adjacent to the Copperhead mine, near the town of Bullfinch. The lease is highly prospective for gold mineralisation given its location, with the Copperhead mine estimated to have produced approximately 1.5 Moz Au.

Remaining 10% equity of E77/2691: Golden Horse Minerals now wholly owns tenement E77/2691 after purchasing the outstanding 10% equity in the tenement. E77/2691 is a large exploration license covering 116km2 and is located between Southern Cross and Bullfinch in Western Australia. The ground is highly prospective for gold, nickel, and other commodities.

E77/2691 is located between known nickel sulphide locations (Forrestania nickel deposits to the south and Trough Well to the north). See Figure 4 below and the Company's announcement dated 23 February 2023 for further information. P77/4593 and E77/2829 Acquisition: The Company has entered into agreements to acquire P77/4593 and E77/2829, located south of Southern Cross township.

P77/4593 covers 1.9km2 and lies approximately 15 kilometres south-southeast of the Southern Cross township, immediately to the south of the privately-owned IMD Gold Mines' Battler Gold Mine. P77/4593 is located next to infrastructure and approximately 20 kilometres from the Marvel Loch Mill. E77/2829 covers 2.5km2 and lies approximately 5kms southwest from the town of Southern Cross.

Previous exploration work at the tenement consisting of soil sampling and has identified an untested anomaly. Transaction: Golden Horse will pay in total AUD 90,000 cash to the vendors for the two tenements P77/4593 & E77/2829 The purchase of remaining 10% equity in E77/2691 will consist of AUD 300,000 worth of fully paid common shares in Golden Horse. The transaction details have also been revised with a 0.5% increase in the gross smelter royalty to 2% gross smelter royalty on all metals and minerals extracted from the tenement.

The Ennuin Package including tenements E77/2429, M77/450, L77/262, G77/123, P77/4629, P77/4630 & P77/4631, Golden Horse will pay AUD 100,000 cash and issue AUD 175,000 worth of fully paid common shares in Golden Horse upon execution and subsequently pay AUD 150,000 cash upon the lesser of dual listing or within 6 months of execution plus a 1.5% Gross Smelter Royalty capped at AUD 800,000. Golden Horse has the election to extend 6 months with the payment of a AUD 50,000 extension fee. The strategic Copperhead prospecting tenement, P77/4357 Golden Horse will pay AUD 50,000 cash on execution and issue AUD 250,000 worth of common paid ordinary shares in Golden Horse and subsequently pay AUD 200,000 cash upon the lesser of dual listing or within 6 months of execution plus a 1.5% Gross Smelter Royalty capped at AUD 800,000.

Golden Horse has the election to extend 6 months with the payment of a AUD 50,000 extension fee. The foregoing acquisitions and related issuance of common shares of the Company to the vendors remain subject to the approval of the TSX Venture Exchange.