Golden Independence Announces Update on Permitting for the Independence Oxide Heap Leach Project, Nevada

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FRA:6NN) (the "Company") is pleased to announce an update on the ongoing permitting activities for the Company's Independence Oxide Heap Leach project (the "Project") which adjoins Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.

The Company has engaged EM Strategies, a WestLand Resources Inc. Company, to conduct baseline biological and cultural studies to facilitate an engineering study for the powerline (and production water pipeline) route to develop and operate the Project. The results of the 2022 field surveys will be presented in a Baseline Biology Report (BBR), which will include data from field surveys performed in 2021 and incorporate relevant botanical and wildlife data from previous surveys performed at the adjacent Phoenix Mine, and will be submitted to the Nevada Bureau of Land Management (BLM) for review. These studies will support the engagement with the numerous state and federal agencies to permit the utility corridor for the proposed power and water lines as outlined in the Preliminary Economic Assessment (PEA), and is inclusive of a 300-foot buffer.

Jeremy Poirier, CEO and Director of Golden Independence, commented "The Independence joint-venture remains committed to advancing the Project through permitting for the development and operation of a stand-alone, high-margin, heap-leach gold mine. As our Project mining and processing facilities resided entirely within the Plan of Operations for Nevada Gold Mines' Phoenix mine, we believe it is reasonable that Project can be permitted by the BLM using an Environmental Assessment in as little as 8 - 12 months. This presents a distinct advantage over other projects, and coupled with the results of our PEA, believe this makes our Project attractive to a number of potential strategic partners. These studies will culminate in an engineering study to be completed by NV Energy for the proposed power corridor and will form part of the formal submission to the Bureau of Land Management (BLM) for the development and mining permit."

The technical content of this news release has been reviewed and approved by Richard DeLong, M.S. P.G., a consultant to the Company and a Qualified Person under National Instrument 43-101.

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is a development company currently focused on the advanced-stage Independence project located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada. The Independence project hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021 Preliminary Economic Assessment (PEA) outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of US$1,078 per ounce of gold.

FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier, Chief Executive Officer
Telephone: 1.604.722.9842
Email: info@goldenindependence.co

Cautionary Statements Regarding Forward-Looking Information

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things, the timing of the permitting of the Project, the completion and timeline for the submission of an engineering study to the BLM, the potential for development of the Project and the potential attractiveness of the Project to a strategic partner.Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the Independence project is developed. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the occurrence of unexpected financial obligations, fluctuations in the price of gold or certain other commodities; fluctuations in the currency markets; changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining and employee relations. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115861

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Golden Independence CSE:IGLD Gold Investing

IGLD:CNX

Golden Independence Provides Independence Project Update

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golden Independence") is pleased to provide an update on ongoing permitting and project-related activities at it's Independence heap-leach development project in Nevada.

NDEP approval for geochemical sampling & analysis plan
Commencement of NV Energy engineering study
NOI for additional resource and geotechnical drilling
Re-sampling and assaying of 725 feet of historical core drilling

"We continue to advance the Independence project along the development path, in addition to derisking the project." commented Jeremy Poirier, Chief Executive Officer. "We have engaged the leading power provider, NV Energy, to complete a scoping study along a new services corridor for stand-alone development. With the water rights we have already secured, the power corridor represents the last outstanding piece of critical project infrastructure required. In addition, we continue to refine the resource model with the resampling of over 725 feet of historical core and through the permitting for additional oxide resource expansion and geotechnical drilling. The expedited permitting and development timeline represents a significant strength of the project, relative to other projects in the State of Nevada."

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Golden Independence Announces Appointment to Board of Directors

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golden Independence") is pleased to announce that Jordan Carroll has been appointed to the Board of Directors of the Company.

Mr. Carroll is a certified electrician and has extensive experience in mining operations and mineral extraction. Mr. Carroll led a team involved in the commissioning of the Rio Tinto Alcan aluminum smelter located in Kitimat, B.C. and has prospected and owned placer mine claims. Mr. Carroll was formerly a director of American Battery Minerals Corp as well as Pike Mountain Minerals Inc., and is currently a director of J4 Ventures Inc. He has completed courses in public company governance through Simon Fraser University.

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Golden Independence Announces Change to Board of Directors

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golden Independence") is pleased to announce that Ben Hinkle has been appointed to the Board of Directors of the Company.

"We are excited to welcome Ben to the Board," commented Jeremy Poirier, Interim Chief Executive Officer. "Ben brings a wealth of knowledge and experience in resource modelling that will not only advance our knowledge and understanding of the Independence Project but will also aid us in identifying other opportunities."

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Golden Independence Acquires Fraser Lake Copper Porphyry Project

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golden Independence") announces the acquisition by staking of the Fraser Lake copper project located in the Quesnel Trough of Central British Columbia. The project is comprised of three claim blocks totalling approximately 9,900 hectares and are located between 40 to 55 kilometres northwest of Fraser Lake, BC.

"The addition of the Fraser Lake copper project provides the Company with portfolio diversification, at a very low cost due to staking and without the typical encumbrances of royalties or work commitments," commented Jeremy Poirier, Chief Executive Officer. "This large land position within the prolific Quesnel Trough is prospective for copper porphyries of which gold and molybdenum are typically associated. We are currently reviewing the historical data on the project, including geophysical surveys completed in the late 2000's, and will provide an update on exploration plans once completed."

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Golden Independence Announces Results from Ongoing Exploration at the Independence Project, Nevada

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company") is pleased to provide an update from ongoing exploration activities at the Company's Independence Oxide Heap Leach project (the "Project") which adjoins Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.

Since tabling a PEA for near-surface heap-leach operation at the Project, the Company has been focused on improving the metrics of the project which yielded an after-tax NPV_5% of US$45M and IRR of 22%. Specifically, exploration has been focused on delineating additional near-surface oxide resources to expand the open pit and reclassify waste with mineralized material. Both of the aforementioned would have the possibility to increase the production profile, extend the mine life, and improve project economics from a cost and valuation perspective (i.e., NPV and IRR).

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Indicator minerals, also known as pathfinder minerals, are used by those engaged in mineral exploration to effectively narrow down the search area for many different types of ore deposits.

When found as grains in sediments and/or rocks, these minerals give clues as to the presence and location of specific types of mineralization. They tend to be used in the search for gold, copper, nickel, tungsten, diamond and platinum-group metals deposits.

In indicator mineral-based exploration programs, sediments and rocks are either geochemically tested or visually inspected for clues about the distance and direction of their source. When it comes to visual inspection, rocks are examined for certain grain morphologies and surface textures in order to obtain information about transport distance and bedrock source.

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Rio Silver Inc. Proposes to Extend Warrant Expiry Date

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF) is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "Agreement") with Dig Media Inc. dba Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.

INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the "TSXV") policies. The engagement is subject to acceptance by the TSXV.

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Structural Zone		Rebel Zone		Central Zone
Sample	g/t gold	Sample	g/t gold	Sample	g/t gold
I32	23.2	IDD16	43.9	RDI-26	7.72
I31	21.5	RDI-29	16.55	I35	6.97
RDI-15	13.75	RDI-30	14.45	I34	3.74
I3	11.4	IDD32	7.03	I33	2.66
I4	3.41	RDI-28	6.01	RDI-18	2.6
I10	3.13	IDD33	5.91	I50	2.54
I13	2.69	IDD18	1.4	I41	1.89
I5	2.35	IDD19	1.05	I40	1.575
I16	1.11			I48	1.305
I21	1.06			I38	1.085

Sampel	Type	Origin	WGS84 Z18S Easting	WGS84 Z18S Northing	length (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
2101	C	S	803,491	8,296,553	0.80	0.30	1.2	0.0	0.0	0.0
2103	C	S	803,493	8,296,666	1.00	0.53	8.9	0.0	0.0	0.0
2104	C	S	803,658	8,296,620	0.30	0.15	0.7	0.0	0.0	0.0
2108	C	S	803,700	8,296,468	0.60	0.12	1.9	0.0	0.0	0.0
2109	C	S	803,700	8,296,469	0.50	0.30	6.2	0.0	0.0	0.0
2113	C	S	803,730	8,296,446	1.00	0.25	40.1	0.0	0.0	0.0
2117	C	S	803,481	8,296,736	1.10	0.12	3.8	0.0	0.1	0.0
2119	C	S	803,457	8,296,803	0.50	0.58	2.6	0.0	0.0	0.0
2120	C	S	803,456	8,296,803	0.60	1.57	9.1	0.0	0.0	0.1
2123	C	S	803,399	8,296,787	0.50	2.77	9.7	0.0	0.0	0.0
2124	C	S	803,399	8,296,788	0.80	0.27	5.1	0.0	0.0	0.1
2125	C	S	803,298	8,297,044	0.35	1.70	57.7	0.0	0.1	0.1
2126	C	S	803,298	8,297,043	0.60	6.22	33.0	0.0	0.1	0.1
2127	C	S	803,189	8,297,146	0.35	5.01	138.0	0.0	0.1	0.0
2128	C	S	803,303	8,296,978	0.80	0.27	17.4	0.0	0.1	0.1
2129	C	S	803,257	8,297,133	0.40	1.75	84.1	0.0	0.0	0.1
2130	C	S	803,256	8,297,133	0.85	0.65	42.6	0.0	0.0	0.1
2134	C	S	803,594	8,297,072	0.60	0.18	26.2	0.0	0.4	0.1
2139	G	U	801,951	8,294,338	N/A	6.96	81.4	0.1	0.4	0.8
2140	G	U	801,929	8,294,348	N/A	1.06	23.1	0.0	0.7	1.2
2141	C	U	801,882	8,294,362	0.30	0.12	5.5	0.0	0.0	0.1
2143	C	U	801,832	8,294,389	0.30	0.90	29.1	0.0	0.1	0.3
2145	G	U	801,809	8,294,390	N/A	8.55	523.0	0.0	0.4	0.2
2149	C	U	801,824	8,294,392	0.45	6.19	97.0	0.1	0.4	0.4
2150	C	U	802,276	8,293,072	0.90	0.14	40.1	0.1	2.1	1.3
2152	C	U	802,297	8,293,075	0.30	2.11	48.5	0.0	1.6	3.6
2154	C	U	802,297	8,293,075	0.50	0.11	6.3	0.0	0.3	0.8
2156	C	U	802,374	8,293,117	0.90	0.18	6.6	0.1	0.2	0.4
2157	C	U	802,382	8,293,119	1.50	0.16	13.7	0.1	0.3	2.2
2159	C	U	802,412	8,293,119	0.40	0.16	22.7	0.0	2.7	1.6
2160	C	U	802,439	8,293,126	0.80	0.10	34.1	0.2	2.3	2.7
2162	G	U	802,498	8,293,150	N/A	0.60	5.0	0.0	0.1	0.2
2163	C	U	802,520	8,293,161	0.65	0.24	7.2	0.0	0.5	1.0
2165	C	U	802,542	8,293,167	0.30	0.11	2.9	0.0	0.2	0.2
2166	C	U	802,596	8,293,176	0.55	0.29	2.4	0.0	0.1	0.2
2167	C	U	802,595	8,293,175	0.60	0.20	23.5	0.0	2.9	2.2
2169	C	U	802,327	8,293,090	0.55	0.27	4.3	0.0	0.0	0.1
2171	C	U	802,327	8,293,091	0.50	0.43	29.4	0.0	0.6	0.7
2173	C	U	802,367	8,293,108	0.45	0.37	14.7	0.0	0.6	0.3
2175	C	U	802,385	8,293,111	0.90	0.32	69.0	0.6	3.8	2.6
2176	C	U	802,405	8,293,113	0.35	1.22	60.8	0.2	3.7	2.7
2178	C	U	802,424	8,293,116	0.55	0.17	5.8	0.0	0.2	0.3
2179	C	U	802,424	8,293,115	0.40	0.49	210.0	0.3	23.7	9.9
2181	C	U	802,424	8,293,115	0.70	0.16	35.3	0.1	0.1	1.0
2182	C	U	802,453	8,293,126	0.75	0.17	7.8	0.0	0.2	0.2
2183	C	U	802,510	8,293,155	0.80	0.25	6.6	0.0	0.2	0.5
2184	C	U	802,509	8,293,156	0.50	0.65	30.5	0.1	1.8	6.1
2185	C	U	802,629	8,293,181	0.40	0.12	5.7	0.1	0.1	0.3
2187	C	U	802,676	8,293,176	0.55	0.54	10.6	0.0	0.4	0.8
2188	C	U	802,676	8,293,176	0.35	0.27	15.9	0.1	1.6	0.6
2189	C	U	802,331	8,293,090	2.00	0.40	12.9	0.0	0.5	0.3
2200	C	U	802,361	8,293,107	0.40	0.19	3.3	0.0	0.3	0.4
2202	C	U	802,371	8,293,108	0.70	0.12	5.1	0.0	0.1	0.1
2203	C	U	802,371	8,293,107	0.65	0.11	9.1	0.0	0.9	0.2
2206	C	U	802,375	8,293,108	1.60	0.16	2.4	0.0	0.1	0.2
2209	C	U	802,383	8,293,111	0.30	0.13	23.0	0.1	0.6	0.8

Golden Independence Announces Update on Permitting for the Independence Oxide Heap Leach Project, Nevada

How are indicator and pathfinder minerals used in gold exploration?

1. Gold grain morphology

2. Gold grain inclusions

3. Composition studies

4. Geochemistry

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