Gold Mountain Mining Corp. — Capital/Financing Update 2021

Jan 5, 2021

GOLD MOUNTAIN MINING CORP. ENGAGES INDEPENDENT TRADING GROUP INC. FOR MARKET MAKING SERVICES

Not for distribution to the United States news wire services or for dissemination in the United States

Vancouver, British Columbia - January 4, 2021 Gold Mountain Mining Corp. (“ Gold Mountain ”) (TSXV: GMTN) is pleased to announce that, subject to regulatory approval, it has retained Independent Trading Group (“ ITG ”) to provide market making services in compliance with the policies and guidelines of the TSX Venture Exchange (“ TSXV ”) and other applicable legislation.

ITG will trade shares of Gold Mountain on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of Gold Mountain’s common shares (the “ Engagement ”). Under the terms of the agreement, ITG will receive $5,000 per month payable on the first business day of each month. The Engagement is effective December 31, 2021 and has an initial term of three (3) months. Thereafter, the Engagement will automatically renew for successive one (1) month terms until terminated by either party upon thirty (30) days’ prior written notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. Gold Mountain and ITG are unrelated and unaffiliated entities, but ITG may provide investor relations services to Gold Mountain and/or its clients who may have an interest, directly or indirectly, in the securities of Gold Mountain.

About ITG

Independent Trading Group (ITG) is an independent, privately held broker-dealer based in Toronto Ontario that provides a wide range of financial and investment services and is registered with the CSE, NEO, TSX and TSXV along with the Investment Industry Regulatory Organization of Canada (IIROC).

About Gold Mountain

Gold Mountain is a BC-based gold and silver exploration and development company focusing on the expansion of the resource at the Elk Gold Project, a past producing mine located 57 km from Merritt in South Central British Columbia.

For further information, please contact:

Gold Mountain Mining Corp.

Kevin Smith Director and Chief Executive Officer Phone: 604-309-6340 Email: kevin@lfgmanagement.ca

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardlooking statements. Gold Mountain disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.