Announcement • May 19
Goldbank Mining Corporation, Annual General Meeting, Jul 10, 2025 Goldbank Mining Corporation, Annual General Meeting, Jul 10, 2025. Location: british columbia, vancouver Canada New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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$1.7m free cash flow). Shares are highly illiquid. Negative equity (-CA$7.7m). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (CA$39.3m market cap, or US$28.1m). Announcement • Oct 11
Goldbank Mining Corporation Completes 2024 Exploration Program on Leota Gold Project Goldbank Mining Corporation announced the 2024 exploration program on its 100% owned Leota Gold Project in the famous historic Klondike Goldfields region of the Yukon Territory, Canada near Dawson City has been completed. Exploration included detailed geologic mapping and sampling program, trenching and a property wide airborne geophysical survey featuring magnetic and radiometric surveys covering the entirety of the Leota Gold Project. The mapping and sampling program focuses on expanding the footprint of target zones while improving the understanding of the geology and mineralogy associated with these mineralized zones. Announcement • May 18
Goldbank Mining Corporation, Annual General Meeting, Jul 11, 2024 Goldbank Mining Corporation, Annual General Meeting, Jul 11, 2024. Location: british columbia, vancouver Canada New Risk • May 01
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$2.5m 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$6.1m). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (CA$51.0m market cap, or US$37.0m). Announcement • Jan 02
Goldbank Mining Corporation Announces Directors Appointments Goldbank Mining Corporation announced that Mr. Jerry Lozynsky was appointed to Goldbank's Board of Directors on December 29, 2023. Mr. Lozynsky brings to Goldbank a wealth of experience earned over four decades building value as an owner and manager of Canadian midstream oil and gas companies specializing in all facets of pipeline services including construction, integrity, maintenance and rehab. Jerry is the former president of JEDCO Energy Services Corp. and TESTCO Western Corp. Prior to founding JEDCO and TESTCO Mr. Lozynsky was Marine Pipeline's project manager overseeing and responsible for massive projects valued up to $600 million throughout Canada for clients including TC Energy Corporation, Enbridge Inc., Pembina Pipeline Corporation and Nova Chemicals Corporation. Mr. Lozynsky joins Goldbank's Board of Directors with Mr. Frank Garofalo. Mr. Garofalo earned a Bachelor of Science from the Massachusetts Institute of Technology, a Master of Science from the University of Michigan and a Harvard MBA. Mr. Garofalo is a member of the MIT Venture Mentoring Service. Mr. Garofalo brings to Goldbank more than three decades of experience as a Management Consultant and Corporate Finance Advisor on special assignments for Chief Executive Officers and boards of directors, assisting companies of up to over $10 billion in size in technology driven markets across the U.S. and Europe. Board Change • Dec 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Brydle was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Brydle was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 17
Goldbank Mining Corporation Appoints Frank J. Garofalo to its Board of Directors Goldbank Mining Corporation announced Mr. Frank J. Garofalo, B.Sc. (MIT), M.Sc., MBA (Harvard), of Boston, Massachusetts, has agreed to join Goldbank’s board of directors. Mr. Garofalo brings to Goldbank more than three decades of experience as a Management Consultant and Corporate Finance Advisor on special assignments for Chief Executive Officers and boards of directors, assisting companies of up to over $10 billion in size in technology driven markets across the U.S. and Europe. Mr. Garofalo’s experience in strategic, competitive and market analysis with an emphasis on positioning companies for maximum equity valuation is a welcome addition to Goldbank as it advances exploration and development of its Leota Gold Project in the Yukon’s historic and prolific Klondike Goldfields. Mr. Garofalo’s professional career includes serving as Senior Vice President in the Investment Banking division of PaineWebber (now UBS) where Mr. Garofalo’s assignments included dozens of corporate development and finance projects featuring equity financings, mergers, acquisitions, divestitures and the establishment of joint ventures and strategic alliances. Mr. Garofalo earned a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology, a Master of Science degree in Computer Systems Engineering from the University of Michigan and a MBA from Harvard University. Mr. Garofalo is a member of the MIT Venture Mentoring Service. Announcement • Sep 20
Goldbank Mining Corporation announced that it expects to receive CAD 1.5 million in funding Goldbank Mining Corporation announced a private placement of 30,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 1,500,000 on September 19, 2023. The transaction will include participation by a control person of the company for up to CAD 1,250,000 approved in advance by independent directors. Each unit consists of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of CAD 0.065 per share for five years. A portion of the financing is on a flow-through basis. The transaction is subject to acceptance for filing by the TSX Venture Exchange. New Risk • Sep 03
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$2.3m 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$2.3m free cash flow). Shares are highly illiquid. Negative equity (-CA$6.3m). Earnings have declined by 9.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.2m market cap, or US$8.23m). Board Change • Aug 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Brydle was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 25
Goldbank Mining Corporation Announces Resignation of Barry Brown as Director Goldbank Mining Corporation announced that Barry Brown has resigned as a director to focus on other business interests. Announcement • Jul 12
Goldbank Mining Corporation Announces 2023 Exploration Program Commences on its Wholly-Owned Leota Gold Project Goldbank Mining Corporation announced that its 2023 exploration program has commenced on its wholly-owned Leota Gold Project located in the heart of the Eastern Klondike Goldfields approximately 25 km by major roads from famous Dawson City, Yukon Territory, Canada. Exploration will focus on expanding the 2022 soil exploration programs which detected distinct gold anomalies in the "C" soil horizon, and further testing of anomalies by mechanical trenching. Goldbank will also continue geological mapping utilizing previous and new results to identify drill targets. Announcement • May 13
Goldbank Mining Corporation, Annual General Meeting, Jul 11, 2023 Goldbank Mining Corporation, Annual General Meeting, Jul 11, 2023. Announcement • Jan 20
Goldbank Mining Corporation announced that it expects to receive CAD 0.8 million in funding Goldbank Mining Corporation announced a private placement of up to 16,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 800,000 on January 19, 2023. The transaction may include participation of control persons and other insiders of the company following approval in advance by independent directors. Each unit consists of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of CAD 0.065 per share for five years. A portion of the financing is on a flow-through basis. A finder’s fee may be paid on a portion of the financing. The financing is subject to acceptance for filing by the TSX Venture Exchange. Announcement • Dec 07
Goldbank Mining Corporation announced that it expects to receive CAD 0.5 million in funding Goldbank Mining Corporation announced a private placement of 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on December 6, 2022,Each unit consists of one common share and one transferable warrant and each warrant entitling the holder to purchase one additional share at a price of CAD 0.055 per share for five years. The financing is subject to acceptance for filing by the TSX Venture Exchange. Announcement • Sep 22
Goldbank Mining Corporation announced that it has received CAD 2.100001 million in funding from Blizzard Finance Corp. and another investor On September 20, 2022, Goldbank Mining Corporation closed the transaction. The company issued 6,428,569 flow-through units for gross proceeds of CAD 450,000, and 23,571,442 non flow-through units for gross proceeds of CAD 1,650,001 for total gross proceeds of CAD 2,100,000. The transaction included participation from four insiders of the company for 18,428,572 units for gross proceeds of CAD 1,290,000 which includes Anthony J. Beruschi for 10,285,714 units, returning investor, Blizzard Finance Corp. for 5,142,858 units. Post transaction Anthony J. Beruschi holds 46,150,967 common shares and 12,285,714 share purchase warrants of the issuer, representing approximately 38.48% of the issued and outstanding common shares of the issuer on a non-diluted basis and 44.20% Blizzard Finance Corp. will hold 19,657,858 common shares and 6,142,858 share purchase warrants, increase its ownership from 16.14% o to 16.39%. Announcement • May 14
Goldbank Mining Corporation, Annual General Meeting, Jul 14, 2022 Goldbank Mining Corporation, Annual General Meeting, Jul 14, 2022. Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Barry Brown was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
