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News Release

Golden Opportunity Clarifies Disclosure regarding its Maple Bay Property

Vancouver, British Columbia, November 28, 2019: Golden Opportunity Resources Corp. (the "Company" or "Golden Opportunity") (CSE: GOOP) has become aware that InvestmentPitch Media disseminated a news release and other promotional materials referred to therein (collectively, the "InvestmentPitch Promotional Materials") today concerning the Company and its Maple Bay property, located 60 kilometers south of the town of Stewart in the Skeena Mining Division, British Columbia (the "Maple Bay Property") under the Company's name.

The Company was not aware of the InvestmentPitch Promotional Materials prior to their dissemination and was not involved the creation or distribution of the InvestmentPitch Promotional Materials

The InvestmentPitch Promotional Materials contain information from the National Instrument 43-101 Standards of Disclosure for Mineral Properties ("NI 43-101") technical report dated September 28, 2018, entitled "NI 43-101 Technical Report, Maple Bay Property, Stewart District, British Columbia" authored by Hardolph Wasteneys (the "Technical Report").

The InvestmentPitch Promotional Materials make reference to certain historical categories of "indicated" and "inferred" mineral reserves that do not conform to current NI 43-101 standards. In the Technical Report, the similar disclosure is qualified by a statement that the categories of "indicated" and "inferred" mineral reserves do not have the meanings ascribed to them by the Canadian Institute of Mining, Metallurgy and Petroleum in the CIM Definition Standards for Mineral Resources and Mineral Reserves.

Investors should not rely on the InvestmentPitch Promotional Materials for information with respect to the Maple Bay Project, as such information is incomplete, does not comply with the requirements of NI 43-101, and fails to disclose that the information was prepared or approved by a qualified person. Investors should instead rely on disclosure contained in the Technical Report and the Company's prospectus dated August 30, 2019 (the "Prospectus"), copies of which can be found on the Company's profile on the SEDAR website at www.sedar.com.

About Golden Opportunity Resources Corp.

Golden Opportunity is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Maple Bay Project, located approximately 60 kilometres south of the town of Stewart in the Skeena Mining Division, British Columbia.

For more information, please refer to the Prospectus available on SEDAR (www.sedar.com).

On Behalf of the Board of Directors

Keith Anderson
Chief Executive Officer, Director and Promoter

For further information, please contact:

Keith Anderson
Chief Executive Officer, Director and Promoter
(604) 786-7774

Forward-Looking Statements:

This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's option to acquire the Maple Bay Project, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Prospectus and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.

 

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