Golden Lake Exploration Announces Convertible Promissory Note

Golden Lake Exploration Inc., a mining exploration company, has secured a convertible promissory note to borrow C$165,000. The loan, maturing on October 29, 2026, will accrue a 10% annual interest rate. This agreement allows for early conversion before the maturity date.

The borrowed funds can be converted into common shares at a rate of $0.05 per share. Converted shares will have a statutory hold period of four months plus a day in line with securities law and the Canadian Securities Exchange policies. The funds will be directed towards advance royalty payments under the option agreement with Greenlane Resources Ltd.