On March 5, 2021, Golden Lake Exploration Inc. (CNSX:GLM) closed the transaction The Company issued 22,345,404 units at a price of CAD 0.45 per Unit for aggregate gross proceeds of CAD 10,055,431 Mr. Sprott, through 2176423 Ontario Ltd.,acquired 4,444,444 units at CAD 0.45 each for consideration of approximately CAD 2,000,000, pursuant to the private placement. Mr. Sprott beneficially owns and controls 4,444,444 common shares of the company and 2,222,222 share purchase warrants, representing approximately 7.5% of the issued and outstanding common shares on a non-diluted basis and approximately 10.9% of the issued and outstanding common shares on a partially diluted basis assuming exercise of the warrants acquired hereunder forming part of the units. The company paid Finders’ fees of CAD 407,296.46 cash and 902,701 finders’ warrants.