Gold Coast Mining Corp. has entered an Agreement with Western Sierra Mining Corp. to purchase and develop the Azurite Property, which includes the following patented claims: Azurite, New Era, NIWOT Millsite, Little Kid, Wren and Jayhaker.

Under the terms of the JV, Gold Coast will have a 50% working interest in the Azurite property in exchange for funding assistance to bring the claims into production. Additionally, Gold Coast has an option to acquire 50% ownership of the property. Azurite will be operated under a sublease agreement, with any and all sublease payments being applied 100% to the purchase price.

The purchase price of the 50% ownership interest in the claims is $4.5 million. Gold Coast has also made payment of the initial $50,000 required under the conditions of the Agreement. The Company is currently in discussions with its investors from Gold Star, to work together on bringing the Azurite development forward.

The Company and the investors are in agreement on Gold Coast's continued commitment to develop these projects while avoiding toxic financing and/or a reverse split. Therefore, the funding and acquisition of Azurite will be approached within the framework of those commitments. The Company will be updating shareholders regularly with information pertaining to Azurite, funding schedules, financing structures/plans and Gold Star joint venture.