Golden Independence Mining Corp. announced it has entered into an option agreement (the "Option Agreement") to acquire up to a 90%- interest in the Wray Mesa uranium project in Utah, USA. The Wray Mesa project is comprised of 308 unpatented lode claims totalling 6,282 acres located in San Juan County, Utah.

The property is accessible via Utah State Highway 46 and unpaved Forest Service Roads, with access to power, water and proximal to the town of La Sal. The property is contiguous to and adjoins Energy Fuel Inc.'s fully-permitted and production-ready La Sal project which includes a number of past-producing uranium and vanadium mines (production of 550,000 lbs U3O8 in 2012). The La Sal project is host to Measured & Indicated resources of 4.1 Mlb of uranium (U3O8) plus 21.5 Mlb of vanadium (V2O5) plus Inferred resources of 0.4 Mlb of uranium plus 1.9 Mlb of vanadium (source: Technical Report on the La Sal District Project, prepared for Energy Fuels Inc. by D.C. Peters and dated March 25, 2014.).

The Company cautions investors that the presence of mineralization at the La Sal project is not necessarily indicative of similar mineralization at the Wray Mesa project. Wray Mesa Project Overview Uranium and vanadium production in the district dates back to the early 1900's with the majority of the production derived from the Upper Salt Wash Member of the Morrison Formation (the 'Formation'). Work by previous operators discovered multiple areas of uranium-vanadium mineralization in the same geologic formation that accounted for the majority of production in the district (Upper Salt Wash Member of the Morrison Formation).

Mineralization on the property occurs at depths of 500 to 750 feet with the drill-defined mineralization ranging from 25 to 75 feet. Mineralization is typical sandstone-hosted tabular deposits wherein the uranium occurs in reduced and altered sandstones and sandstone-mudstones in major stream channels in the Formation. Historical work dates back to Atlas Minerals and Pioneer Uravan in 1976 to 1983, who drilled a total of 495 exploration holes (of which logs for 193 holes totaling 137,510 feet or 41,913 metres were preserved), and Homeland Uranium in 2007-2008 who drilled 15 holes.

Note: some of the historical drilling was on 3rd party claims not currently owned. Past exploration was primarily focused on the Dylan, Ajax, Whiskey and Carlin targets. All of the mineralized areas are open to expansion.

Historic drill data is not available for Carlin: Ajax: most heavily drilled and tightest spacings with some holes 25 to 50 feet apart. A total of 164 historic holes drilled which defined mineralization a 1,200 by 25-75 metre area. Thirty (30) holes returned grades in excess of 0.1% eU3O8.

Dylan: best defined with drilling on a 100 by 100-foot grid. Thirty-nine holes were drilled in 1976 to 1983 with follow-up drilling in 2007 which defined mineralization over a 500 by 40-100 metre area. Seven (7) holes returned grades in excess of 0.2% eU3O8, with highlight grades of 2.5% eU3O8 over 2.6 feet.

Whiskey: A total of 29 holes drilled at 100-foot spacings with a number of holes intersecting significant mineralization and defining an area of 400 by 10-70 metres. Highlights of drilling included 0.98% eU3O8 over 5 feet. Further follow-up and more systematic drilling is required.

Carlin: While complete historical records are unavailable, based on limited data mineralization was defined over a 150 by 20-70 metre area. Under the terms of the Option Agreement between the Company and Basin Uranium Corp., the Company will have the right to acquire up to a 90%-interest in the project through staged cash, share and work commitments. To earn an initial 51% interest in the project, the Company must pay CAD 50,000 in cash and issue 300,000 shares within five days of approval of the Canadian Securities Exchange and incur US$250,000 in exploration within the first year, in addition to paying CAD 100,000 in cash, issuing CAD 250,000 worth of stock and incurring USD 500,000 of exploration by the end of the second year.

Once the 51% earn-in has been completed, the Company has the option to earn an additional 20% interest (for a total of 71%) through an additional payment of CAD 75,000 in cash plus issuing CAD 250,000 worth of stock and incurring USD 1,000,000 in exploration by the end of the third year. Assuming the completion of a 71% earn-in, the Company can earn a further 19% interest (for a total of 90%) through the payment of CAD 75,000 in cash plus issuing CAD 250,000 worth of stock and incurring USD 1,000,000 in exploration by the end of the fourth year. Once the Company has earned a 90% interest in the project, Basin Uranium Corp.

will have a free carried 10% interest in the project. The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo. (BC), a Director and President of Golden Independence Mining Corp.

and a Qualified Person under National Instrument 43-101.