McEwen to Acquire Golden Lake Exploration
McEwen and Golden Lake Exploration are pleased to announce that they have entered into a Definitive Agreement on January 28, 2026 in respect of a proposed transaction, whereby McEwen would acquire all of the issued and outstanding shares of Golden Lake by way of plan of arrangement. If the Proposed Transaction is completed, Golden Lake would become a wholly-owned subsidiary of McEwen. Golden Lake's principal asset is its 100%-owned Jewel Ridge and Jewel Ridge West projects located adjacent to McEwen's Windfall and Lookout Mountain discoveries, part of the Gold Bar Mine Complex, in the Eureka Mining District of Nevada. Historical drill highlights from Jewel Ridge project include 2.20 gpt gold over 28.96 meters, 1.24 gpt gold over 56.39 meters, 2.37 gpt gold over 67.57 meters. These holes are located north of McEwen's Windfall deposit, where a recent drill hole returned 5.55 gpt gold over 44.2 meters. Incorporating Golden Lake's projects into the Gold Bar Mine Complex will help continue the mine's transformation into a long-life operation by investing in exploration and leveraging the current McEwen infrastructure.
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McEwen Inc. Enters Definitive Agreement to Acquire Golden Lake Exploration
- Transaction Overview: McEwen and Golden Lake signed a Definitive Agreement on January 28, 2026, to acquire all outstanding shares of Golden Lake through a plan of arrangement, which, if completed, will make Golden Lake a wholly-owned subsidiary of McEwen, further integrating its mineral resources in Nevada.
- Asset Integration Benefits: Golden Lake's Jewel Ridge project boasts historical drill results of up to 2.20 gpt gold, and the integration will leverage McEwen's infrastructure and funding to enhance the long-term operational potential of the Gold Bar Mine Complex, thereby strengthening market competitiveness.
- Shareholder Value Enhancement: Golden Lake shareholders will receive compensation equivalent to 0.003876 McEwen shares per Golden Lake share, translating to approximately CDN $0.12 per share, representing a 60% premium to the 20-day volume-weighted average price, thereby increasing liquidity and investment appeal.
- Approval Requirements: The transaction requires the approval of 66⅔% of Golden Lake shareholders at a special meeting expected in March 2026, and if successful, will provide strong support for McEwen's long-term growth strategy.

Goliath Resources to Showcase New Discovery at PDAC 2026
- Core Showcase Opportunity: Goliath Resources has been selected by the PDAC 2026 technical committee to display its new core samples at the PDAC convention in Toronto from March 3 to 4, which is expected to attract significant investor interest.
- Significant Drilling Results: Since its maiden drill campaign in 2021, Goliath has drilled over 150,000 meters at the Golddigger property, achieving a 100% success rate in intersecting mineralization across all holes, indicating the extensive potential of a 1.8 km² mineralized system.
- High Gold Recovery Rates: The Surebet discovery boasts a gold recovery rate of 92.2%, with 48.8% being free gold, utilizing gravity and flotation methods without cyanide, showcasing superior metallurgy that could reduce extraction costs.
- Infrastructure Advantages: The Golddigger property is strategically located near the communities of Alice Arm and Kitsault, featuring an existing mill site and direct barge access to Prince Rupert, enhancing the project's feasibility and future growth potential.









