Gold Basin Resources Corporation announced that Michael Povey has resigned as Chief Executive Officer. The Company also announced that, effective immediately, Mr. Colin Smith has been appointed as the Chief Executive Officer of the Company. Mr. Smith is a registered Professional Geologist (P.Geo.) in British Columbia, Saskatchewan, Nunavut, and the Northwest Territories with over 17 years' experience advancing exploration and mining projects in North and South America, ranging from early-stage project generation and exploration, to M&A takeover.

Mr. Smith has garnered a technical expertise in epithermal and mesothermal gold, ultramafic-associated platinum group metals, porphyry copper-gold, diamonds, unconformity-related uranium, and coal. Mr. Smith was appointed Vice President of Exploration for ValOre Metals Corp. in 2021, prior to which he oversaw new project review for ValOre, a position he held since 2018.

Before joining ValOre, Mr. Smith was the Senior Exploration Geologist with SSR Mining Inc. at the Seabee Gold Operation in northern Saskatchewan, where he designed and implemented all Seabee-based exploration activities, resulting in multiple auriferous discoveries and resource delineation. Mr. Smith holds a B.Sc. degree in Geology from the University of British Columbia (2007), and an M.Sc.

degree in Economic Geology from the University of Victoria (2012).