Gold Mountain Mining Corp. announced a non-brokered private placement to issue 100,000,000 common shares at an issue price of CAD 0.0075 for the gross proceeds of CAD 750,000 on March 25, 2024. The common shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules.

The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange (?TSX?) approval. No insiders of the Company will be participating in the Private Placement.