Gold Mountain Enters into a Silver Royalty Agreement with Silver Crown Royalties Inc.

May 12, 2023

VANCOUVER, BC / ACCESSWIRE / May 12, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN, Financial)(OTCQB:GMTNF)(FRA:5XFA, Financial) is pleased to announce it has entered into a royalty purchase agreement (the "Royalty Purchase Agreement") with Silver Crown Royalties Inc. ("SCR") whereby,the Company sold to SCR a royalty (the "Royalty") on 45% of the aggregate gross proceeds of silver (the "Royalty Percentage") sold from the Company's Elk Gold project located in British Columbia, Canada (the "Property") for consideration of up to $3,300,000. SCR has an option to increase the Royalty Percentage to 90% in the next ten business days through the payment of an additional $1,250,000 in cash and increased contingent Production Bonuses (as defined below) of up to $2,000,000.

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