Gold Mountain Mining Corp. announced a correction to its press release dated September 14, 2022. This corrective press release now discloses the true width of the intercepts, QA/QC measures, analytical procedures related to its Phase III drill results and that all assays were conducted at Actlabs in Kamloops BC.

There is no correction to the results of the drill program. Highlights: The Company received all assay results from its Phase lll Drill Program (15,500m) which intersected significant high-grade intervals to extend the known mineralization in the Gold Creek and Siwash North zones. Highlight intercepts include: 65.37 g/t Au over 1.31 m including 276 g/t Au over 0.31 m; 48.38 g/t Au over 2.04 m including 258 g/t Au over 0.38 m; 59.54 g/t Au over 1.30 m Including 258 g/t Au over 0.30 m; 104.72 g/t Au over 0.79 m Including 167 g/t Au over 0.49 m; 32.32 g/t Au over 1.47 m Including 101 g/t Au over 0.47 m; 66.60 g/t Au over 0.95 m Including 102 g/t Au over 0.62 m; Assay intervals are presented as apparent thickness.

True thickness will vary depending on the orientation of the drill hole but are typically 70-90% of the apparent thickness. Phase lll Drill Results: During the second quarter the Company completed its Phase lll exploration program which totaled 15,500 meters. The campaign successfully expanded several important areas of the vein model and continued to intercept high gold grades.

Drilling on the 1300 vein extended its mineralization down-dip another 150m, reaching a depth of over 400m below the surface. Additional drilling successfully targeted areas of high-grade inferred resources in the current mineral resource estimate in order to increase the level of geological confidence in those zones. The strong results from the Phase III campaign are planned to be incorporated into an updated mineral resource estimate anticipated to be completed in fourth quarter.

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.

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.