Golden Ridge Resources Files Filing Statement for Reverse Takeover Transaction with Brazilian Trading, Logistics, and Mining Producer MM Group Ltda.

(TheNewswire)

February 27, 2025 – TheNewswire - GOLDEN RIDGE RESOURCES LTD.(TSX-V: GLDN) (" Golden Ridge " orthe " Company ") is pleased to announce that ithas filed with the TSX Venture Exchange (the “ TSXV ”) a filingstatement dated February 25, 2025 (the “ Filing Statement ”)with respect to its previously announced acquisition of an 80%interest in MM Group Ltda. (“ MMG ”) (the “ Transaction ”). The Filing Statement has been filed with the TSXV and under theCompany’s profile on the SEDAR+ at www.sedarplus.ca . Additional information with respect to the Transaction, MMG and theCompany can be found in the Filing Statement.

PDAC Booth 2413B

Golden Ridge and MMG will be participating at the 2025Prospectors and Developers Association of Canada Conference(“ PDAC ”) from March 2-5, 2025 in Toronto, Ontario. PDAC attendeesare invited to booth #2413B at the Investors Exchange on Tuesday March4 th and Wednesday March 5 th to discuss the near-term completion of theReverse Takeover between Golden Ridge and MMG as well as to meet thenew management and directors of the combined entity.

“PDAC is a great opportunity to introduce the newdirection and exciting future of the Company. This has been a longprocess for our team, and I would like to extend a special thank youto our shareholders for their patience during this transformation. Weare excited to start a new chapter as one of the few fully integrated,revenue generating iron ore trading, logistics and mining companies onthe market” stated Michael Blady CEO of Golden Ridge.

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

Completion of theTransaction is subject to a number of conditions, including but notlimited to, TSXV acceptance and if applicable pursuant to TSXVrequirements, disinterested shareholder approval. Where applicable,the Transaction cannot close until the required shareholder approvalis obtained. There can be no assurance that the Transaction will becompleted as proposed or at all.

Investors arecautioned that, except as disclosed in the Filing Statement, anyinformation released or received with respect to the Transaction maynot be accurate or complete and should not be relied upon.

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-looking information in this press release includes allstatements 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 number of factors could causeactual results to differ materially from these forward-lookingstatements as well as future results. Although GoldenRidge believes that the expectationsreflected in forward looking statements are reasonable, they can giveno assurances that the expectations of any forward-looking statementswill prove to be correct. Except as required by law, GoldenRidge disclaims any intention and assumeno obligation to update or revise any forward-looking statements toreflect actual results, whether as a result of new information, futureevents, changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise.

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

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