Libertystream Infrastructure Partners — Capital/Financing Update 2021

Apr 10, 2021

GOLD MOUNTAIN MINING CORP. ANNOUNCES GRANT OF STOCK OPTIONS AND PERFORMANCE SHARE UNITS

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

Vancouver, British Columbia – April 9[th] , 2021 – Gold Mountain Mining Corp. (" Gold Mountain " or the “ Company ”) (TSXV: GMTN, Frankfurt: 5XFA) is announcing the grant of Performance Share Units (“ PSUs ”) to its officers and stock options (“ Options ”) to certain consultants.

The Company granted 310,000 Options that have an exercise price of $1.20 per common share and vest 25% per quarter beginning April 30, 2021. Each option is exercisable, once vested, until April 9[th] , 2026.

In addition, the Company granted 1,300,000 PSUs to its officers. The PSUs convert on a one for one basis for common shares only if the Company hits certain corporate milestones relating to the development of the Elk Gold Project, the performance of the Company’s share price and the achievement of certain corporate milestones.

The Options and PSUs are subject to the terms of the Company’s 2021 Equity Incentive Plan.

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

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.