Golden Pursuit Resources Ltd. acknowledges a Prime Minister's Office announcement of a federal initiative to advance strategic infrastructure in the Canadian Arctic, including the Grays Bay Road and Port and the Arctic Economic and Security Corridor.

Golden Pursuit Resources Ltd. (TSXV: GDP) ("Golden Pursuit" or the "Company") acknowledges the recent announcement by the Prime Minister's Office outlining a significant federal initiative to advance strategic infrastructure across the Canadian Arctic, including the Grays Bay Road and Port project and the Arctic Economic and Security Corridor ("AESC").

According to the Prime Minister's Office, these projects form part of a broader nation-building strategy aimed at strengthening Arctic sovereignty, enhancing economic development, and improving transportation infrastructure across northern Canada.

The federal initiative contemplates:

The development of the Grays Bay Road and Port, a proposed approximately 230-kilometre all-season road extending from the Nunavut border to a deepwater Arctic port; and

The Arctic Economic and Security Corridor, a proposed approximately 400-kilometre all-season road through the Slave Geological Province, is designed to connect mineral-rich regions of the Northwest Territories to tidewater access.

These projects are intended to establish a strategic transportation link between Canada's interior and Arctic shipping routes, while improving access to critical mineral districts.

CEO Commentary

"The Government of Canada's commitment to advancing the Grays Bay Road and Port and the Arctic Economic and Security Corridor represents a potentially transformative shift in northern infrastructure," said Brian McClay, Chief Executive Officer of Golden Pursuit. "For companies operating in the Slave Geological Province, including at our Gordon Lake Project, the prospect of year-round road access to tidewater is a compelling development that could materially improve regional accessibility and long-term development conditions.

While these initiatives remain subject to planning and regulatory processes, we believe they highlight the strategic importance of northern mineral districts and reinforce the growing alignment between infrastructure investment and resource development in Canada's Arctic. Golden Pursuit is well-positioned within this emerging corridor framework."

Relevance to Gordon Lake Project

Golden Pursuit's Gordon Lake Project, located approximately 80 km northeast of Yellowknife in the Slave Geological Province, lies in a region identified as being near the proposed corridor framework. Gordon Lake is approximately 30 kms from the end of an existing all-season highway at Tibbitt Lake, where road construction will start.

The Company believes that, if developed, the Grays Bay Road and Port and the AESC could have meaningful implications for regional access, including:

Establishment of a transportation corridor linking inland mineral districts to a deepwater Arctic port

Potential reduction in logistics costs and reliance on seasonal ice roads

Increased efficiency in the mobilization of personnel, equipment, and supplies

Improved long-term flexibility in exploration and development planning

The Company cautions that these infrastructure projects remain in the planning and regulatory stages, and there is no certainty that they will be completed as proposed or on the contemplated timelines. Accordingly, there can be no assurance that such developments will have any direct or indirect impact on the Gordon Lake Project.

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COMTEX_479397572/2227/2026-05-18T17:27:12