Golden Valley Mines Ltd.

8

Canada & Quebec Val-d’Or

152, chemin de la Mine Ecole

+819 824-2808

www.goldenvalleymines.com

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Company Press Releases

Golden Valley Mines Announces Share Consolidation

Val-d'Or, Quebec--(Newsfile Corp. - July 27, 2020) - Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Corporation") announces that it has received conditional approval from the TSX Venture Exchange to complete the share consolidation which was previously announced on May 26, 2020. The Board of the Corporation has decided on a consolidation ratio of 10 old shares for 1 new share. The common shares of Golden Valley Mines Ltd. will commence trading on a consolidated basis at open of market on or about Friday, July 31, 2020.A consolidation of up to 12 old shares for 1 new share was...

Golden Valley Mines Announces Annual Meeting Results

Val-d'Or, Quebec--(Newsfile Corp. - June 29, 2020) - Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Corporation") announces the results of its annual meeting of shareholders held in Val-d'Or, Québec, and by telephone conference on June 26, 2020.At the meeting, shareholders elected four incumbent directors, being Joseph Groia, Jimmy S.H. Lee, William D. McCartney and Glenn J. Mullan, and reappointed MNP LLP as Golden Valley's auditor for the ensuing year. Following the shareholder meeting, the Board reconstituted its Audit Committee, the Compensation Committee and the Corp...

Golden Valley Mines Acquires Shares of Val-d'Or Mining

Val-d'Or, Quebec--(Newsfile Corp. - June 19, 2020) - Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Company") has acquired ownership of 4,166,667 common shares in the capital of Val-d'Or Mining Corporation (the "Val-d'Or Mining"), which were issued by Val-d'Or Mining from its treasury at a deemed per share price of $0.15 for a total deemed value of $625,000.05 as partial consideration for a grant by Golden Valley of an option to Val-d'Or Mining to acquire certain mineral property interests in accordance with the terms of an Amended and Restated Mining Option Agreement...

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