Gold Basin Executes Binding Farm-in Agreement on Gold Basin Oxide Gold Project in Arizona

(TheNewswire)

April 28, 2025 – TheNewswire - Vancouver, British Columbia:Gold Basin Resources Corporation (the "Company" , "Gold Basin") – (TSX-V GXX,OTCQB: GXXFF) today announced that a binding farm-in agreementhas been executed with ASX listed Helix Resources Limited (“HLX”)whereby HLX can earn a minority interest in the Gold Basin Projectoxide gold project (the “Project”). The key terms of the farm-inare as follows:

• HLX can earn a minority interest of up to 40% of theProject (with GXX retaining a minimum of 60% and remainingoperator).

• HLX will spend up to million over 2 years withthe first $1AUD million earning an initial 20% of the Project, witheach additional $1AUD million earning a further 10%, up to a maximumof 40% of the Project.

• HLX can elect to directly pay outstanding unpaidexploration costs as part of the earn in.

• HLX and GXX will establish a Joint Venture Committeecomprising two members appointed by each Company with GXX appointingthe Chairman of the Committee.

• HLX will acquire a 1% Net Smelter Royalty (“NSR”)over the Project through the issuance of 150 million HLXshares.

2025 PLAN

The initial focus of the HLX Farm-In will be to delivera NI 43-101 and JORC (2012) Mineral Resource Estimate (“MRE”) byJune or July 2025, followed by a Preliminary Economic Assessment.Additional drilling will also be prioritised upon completion andrelease of the MRE.

ABOUT GOLD BASIN RESOURCES CORPORATION

Gold Basin Resources Corporation isadvancing the 42 km 2 GoldBasin Project, located in the tier one mining jurisdiction of MohaveCounty, Arizona. Gold Basin is accessible year-round via a1.5-hour-drive on Highway I-93 southeast of Las Vegas, and high-powerelectrical lines from the Hoover Dam crosscut the southern Projectarea. The immediate focus of Gold Basin's highly experienced technicalteam is to expand and delineate multiple at-surface oxide golddeposits and prove the project's district-scale potential. For furtherinformation, please visit the Company's web site at: www.goldbasincorp.com .

On Behalf of the Board of Directors

Charles Straw

President, Director & interim CEO

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release.

FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statementsand forward-looking information (collectively, "forward lookingstatements") within the meaning of applicable Canadian and U.S.securities legislation, including the United States Private SecuritiesLitigation Reform Act of 1995. All statements, other than statementsof historical fact, included herein including, without limitation,future assay results from further programs, future plans for drillingat the Stealth Deposit, the Company's expectation that it will besuccessful in enacting its business plans, and the anticipatedbusiness plans and timing of future activities of the Company, areforward looking statements. Although the Companybelieves that such statements are reasonable, it can give no assurancethat such expectations will prove to be correct. Forward-lookingstatements are typically identified by words such as:"believes", "will", "expects","anticipates", "intends", "estimates","plans", "may", "should","potential", "scheduled", or variations of suchwords and phrases and similar expressions, which, by their nature,refer to future events or results that may, could, would, might orwill occur or be taken or achieved. In making the forward-lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that that therewill be investor interest in future financings, market fundamentalswill result in sustained precious metals demand and prices, thereceipt of any necessary permits, licenses and regulatory approvals inconnection with the future exploration and development of theCompany's projects in a timely manner, the availability of financingon suitable terms for the exploration and development of the Company'sprojects and the Company's ability to comply with environmental,health and safety laws. The Company cautions investors that anyforward-looking statements by the Company are not guarantees of futureresults or performance, and that actual results may differ materiallyfrom those in forward-looking statements as a result of variousfactors, including, operating and technical difficulties in connectionwith mineral exploration and development activities, actual results ofexploration activities, the estimation or realization of mineralreserves and mineral resources, the inability of the Company to obtainthe necessary financing required to conduct its business and affairs,as currently contemplated, the timing and amount of estimated futureproduction, the costs of production, capital expenditures, the costsand timing of the development of new deposits, requirements foradditional capital, future prices of precious metals, changes ingeneral economic conditions, changes in the financial markets and inthe demand and market price for commodities, lack of investor interestin future financings, accidents, labour disputes and other risks ofthe mining industry, delays in obtaining governmental approvals,permits or financing or in the completion of development orconstruction activities, risks relating to epidemics or pandemics suchas COVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations, changes inlaws, regulations and policies affecting mining operations, titledisputes, the inability of the Company to obtain any necessarypermits, consents, approvals or authorizations, including by the TSXVenture Exchange, the timing and possible outcome of any pendinglitigation, environmental issues and liabilities, and risks related tojoint venture operations, and other risks and uncertainties disclosedin the Company's latest Management's Discussion and Analysis and filedwith certain securities commissions in Canada. All of the Company'sCanadian public disclosure filings may be accessed via www.sedar.comand readers are urged to review these materials. Readers are cautionednot to place undue reliance on forward-looking statements. The Companyundertakes no obligation to update any of the forward-lookingstatements in this news release or incorporated by reference herein,except as otherwise required by law.

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