Golden Ridge Resources Announces Termination of Agreement to Acquire Majority Interest in Brazilian Mining Producer MM Group Ltda.

(TheNewswire)

November 4, 2025 – TheNewswire - GOLDEN RIDGE RESOURCES LTD. (TSX-V:GLDN) (" Golden Ridge " orthe " Company ") announces that it hasterminated the previously announced shareexchange agreement among the Company, MM GroupLtda. (“ MMG ”) , Minas Mineracao Ltda. and certainmembers of MMG dated June 4, 2024 (as amended, the “ Share Exchange Agreement ”).

The Company is working with the TSX Venture Exchange toreinstate trading in its common shares and will provide furtherinformation concerning the anticipated resumption date in a subsequentnews release.

About Golden Ridge

Golden Ridge is a TSXV listedexploration company engaged in acquiring and advancing mineralproperties located in British Columbia and Newfoundland .  Golden Ridge owns a 100% interest in the 1,700-hectareHank copper-gold-silver-lead-zinc property located in the GoldenTriangle district, approximately 140 kilometres north of Stewart,British Columbia. The Company also own a 100% interest in the1,550-hectare Williams gold property, that is surrounded by New FoundGold Corp’s Queensway South Gold Property 1 in the Central Newfoundland Gold Belt of the province ofNewfoundland and Labrador.

ON BEHALF OF THE BOARD OF DIRECTORSOF

GOLDEN RIDGE RESOURCES LTD.

“Mike Blady”

Mike Blady

President and Chief Executive Officer

For more information regarding thisnews release, please contact:

Mike Blady, CEO and Director

T: 250-717.3151

W: www.goldenridgeresources.com

Forward LookingInformation

This press release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as “plans”,“expects” or “does not expect”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates” or “does not anticipate”, or“believes”, or variations (including negative and grammaticalvariations) of such words and phrases or state that certain acts,events or results “may”, “could”, “would”, “might” or“will be taken”, “occur” or “be achieved”. Forward-lookinginformation in this press release may include, without limitation,statements relating to the Company’s expectation thattrading in its shares will resume and allother statements that are not historical in nature.

These statements are based upon assumptions that aresubject to significant risks and uncertainties, including risksregarding the mining industry, commodity prices, market conditions,general economic factors, management’s ability to manage and tooperate the business, and explore and develop its projects, and theequity markets generally. Because of these risks and uncertainties andas a result of a variety of factors, the actual results, expectations,achievements or performance of Golden Ridge may differ materially from those anticipated and indicatedby these forward-looking statements. Any numberof factors could cause actual results to differ materially from theseforward-looking statements as well as future results. Although Golden Ridge believes that the expectations reflected in forward looking statementsare reasonable, they can give no assurances that the expectations ofany forward-looking statements will prove to be correct. Except asrequired by law, Golden Ridge disclaims any intention and assume no obligation to update or reviseany forward-looking statements to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward-looking statements orotherwise.

Neither the TSX Venture Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release.

1 This news releasecontains information about adjacent properties on which Golden Ridgehas no right to explore or mine. Readers are cautioned that mineraldeposits on adjacent properties are not indicative of mineral depositson the Company’s properties

Copyright (c) 2025 TheNewswire - All rights reserved.