Goldrich Mining Announces $20 Million Strategic Financing Package to Restart Operations at Chandalar Gold District, Alaska

SPOKANE, WA - October 28, 2024 - Goldrich Mining Company (OTC: GRMC) ("Goldrich" or the "Company") is pleased to announce it has engaged Castle Placement, LLC ("Castle") to complete a comprehensive Financing Package (the "Financing Package") to raise aggregate gross proceeds of up to $20 million. The Financing Packaging includes a $10 million Public Offering (the "Public Offering") consisting of up to 200 million common shares ("Common Shares") of the Company at a price of $0.05 per Common Share as well as $10 million in Forward-Gold Sales ("Forward-Gold Sales") at a fixed price of $1,200 per ounce. The Public Offering will be conducted on a private placement basis to persons in the United States who are "accredited investors", as such term is defined in Rule 501(a) of Regulation D ("Regulation D") under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and in compliance with Rule 506(b) of Regulation D and applicable United States securities laws.

The Company intends to use net proceeds from the Financing Package to re-commence mining operations at its Little Squaw Creek placer mine ("Little Squaw") in Alaska. Based on results of the independent Initial Assessment Report ("IA") prepared by Global Resources Engineering ("GRE") of Denver, Colorado, and subject to completion of the Financing Package, the Company anticipates re-commencing operations at Little Squaw in 2025.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

(All monetary references are expressed in U.S. dollars, unless otherwise indicated)

About Goldrich Mining

Goldrich Mining is a U.S. based resource company focused on developing the historic Chandalar gold district in Alaska. The Company controls a land package spanning 23,000 acres of highly prospective gold targets and historic mines. Goldrich's primary focus is on the discovery of a tier-one lode gold deposit while simultaneously working to monetize its significant placer asset. For more information visit www.goldrichmining.com.For additional information regarding the Company or this news release, please contact Mr. Steve Vincent via telephone at (612) 810-4280 or This email address is being protected from spambots. You need JavaScript enabled to view it..

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