New Risk • 31m
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$746k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$746k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$212k). Earnings have declined by 1.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.0m market cap, or US$9.41m). Announcement • Aug 13
Golden Pursuit Resources Ltd. Announces Appointment of Charles Westgard to Board of Directors, Effective August 12, 2026 Golden Pursuit Resources Ltd. announced the appointment of Charles "Chuck" Westgard to its Board of Directors, effective August 12, 2026. Mr. Westgard brought more than 40 years of business, investment, development and leadership experience, including experience positioning and managing more than $1 billion across real estate projects and financial ventures and directing or participating in the development and sale of more than 5,000 residential and commercial units in Canada and the United States. Mr. Westgard was a British Columbia-based real estate developer and community leader. He was a principal of Westgard Developments and served on the boards of numerous companies, where he was recognized for his business strategy, investment perspective and leadership. Over his career, Mr. Westgard directed and participated in the development and sales of more than 5,000 residential and commercial units in Canada and the United States and positioned and managed more than $1 billion in real estate projects and financial ventures. Prior to focusing on development, Mr. Westgard spent approximately 20 years as a licensed REALTOR in South Surrey, British Columbia. Mr. Westgard attended the University of Washington on a full athletic scholarship, studying business and economics. He subsequently represented Team Canada internationally and played professional baseball in the New York Yankees organization. Mr. Westgard served as head coach of the White Rock Renegades women's fastpitch softball program for 15 years, leading his teams to seven national championships and five provincial titles. Both Mr. Westgard and the 1991 Renegades team were inducted into the Softball BC Hall of Fame, and he was also a member of the Delta Sports Hall of Fame. In 2010, Mr. Westgard acquired the Surrey Eagles of the BC Hockey League with childhood friends, former NHL defenceman Gary Nylund and Boston Bruins executive Scott Bradley. He subsequently became sole owner and president of the Surrey Eagles in 2014, a position he held for 12 years. Announcement • Jul 29
Golden Pursuit Resources Ltd. Announces Commencement of 2026 Mineral Exploration Program At Gordon Lake Project Golden Pursuit Resources Ltd. announced the commencement of the 2026 Mineral Exploration Program, located in the high-grade Gordon Lake gold mining district of Canada's Northwest Territories. The program will include a 1,500 line-kilometre unmanned aerial vehicle (UAV) magnetic geophysical survey, together with a rock sampling and geochemistry program designed to refine target areas and advance exploration planning. The 2026 program is intended to build on historical work and improve the geological understanding of the Gordon Lake property. The UAV magnetic survey will provide high-resolution geophysical data across priority areas of the project, helping to identify structural controls, magnetic anomalies, and potential zones of interest for follow-up exploration. In parallel, the rock sampling and geochemistry program will focus on collecting and analyzing surface samples from key outcrops, showing areas, and structurally favourable zones. The results will support geological interpretation and assist in prioritizing future exploration targets. The 2026 program is being carried out under strict safety and environmental protocols, with field activities planned to minimize disturbance while maximizing data quality and efficiency. Results from the survey and sampling program will be compiled and interpreted as they become available. The Gordon Lake Project is located in the Northwest Territories and hosts multiple historical showings and areas of prospective mineralization. The project remains under-explored in several target areas and offers significant potential for future discovery. The Gordon Lake Project, about 80–90 km northeast of Yellowknife, NWT, covers 6,850 hectares and includes 18 territorial claims, 13 federal claims, and five historic mining leases—all fully owned by Golden Pursuit. The site features multiple gold showings with a history of exploration and mining dating back to 1937 and continuing into the late 1980s. Located in the Slave Structural Province of the Canadian Shield’s Archean granite-greenstone craton, the property hosts gold-bearing quartz veins and breccia zones primarily in Burwash Formation metaturbidite rocks of the Yellowknife Supergroup. The Gordon Lake project holds active land and water permits until 2030, supporting exploration and development. It has conducted extensive work at Gordon Lake since 2021. The technical information in this news release has been reviewed and approved by Stacy Freudigmann, P.Eng. Director of the Company. Stacy Freudigmann is a Professional Engineer (PEng) registered with the Engineers and Geoscientists of British Columbia (EGBC), and NWT is a “Qualified Person” with respect to NI 43-101. 
