Mr. Perry Little reports

GREEN RIVER GOLD CORP. ANNOUNCES AN EXPANSION INTO THE REAL ESTATE DEVELOPMENT BUSINESS

Green River Gold Corp. has signed a letter of intent to work with an experienced developer and rental property manager based in Edmonton, Alta., to develop real estate projects in the Edmonton region. The company intends to invest primarily in multifamily residential units, including new building projects.

A final agreement with the Edmonton-based developer and property manager is expected to be signed by Feb. 15, 2025. Further announcements and details on planned projects will be announced as they are finalized.

Press release highlights:

• Green River will be entering the real estate development businesses, with a focus on the Edmonton and Northern Alberta regions, beginning early in calendar 2025.
• The company's primary business will continue to be exploration and development of its mineral properties in British Columbia.
• The new business will be a separate division involving a new senior manager with expertise and a record of success in real estate development, particularly in the Edmonton region.

Perry Little, president and chief executive officer of Green River, commented: "Green River is not abandoning its primary business of exploration and development of mineral properties in British Columbia. This diversification and expansion move is being made to generate cash flow and reduce our reliance on the capital markets for funding exploration. Having lived in Edmonton for the past 45 years, I have watched the residential real estate market go through many cycles. The city is currently experiencing rapid population growth as families move from other provinces where real estate is priced considerably higher. The Edmonton market has not experienced the rapid price appreciation that has happened in parts of British Columbia and Southern Ontario in recent years. Prices are among the most affordable of the larger cities in Canada. Also, taxes are quite low compared to other provinces, with Alberta remaining the only province with no provincial sales tax. Our initial focus will be on building smaller (eight-plex) multiunit rental properties for resale in established neighbourhoods. New zoning bylaws that came into effect at the beginning of 2024 have opened up an opportunity in that market segment. The developer and builder we will be working with have significant experience in that area of the market."

The company expects to close within the next few days on its $900,000 convertible debenture offering, which was announced late in 2024.

About Green River Gold Corp.

Green River Gold is a Canadian mineral exploration company focused on its wholly owned Fontaine gold project, the Quesnel nickel/magnesium/talc project and the Kymar silver project, which are located in renowned mining districts in British Columbia.

The Fontaine gold property and the Quesnel nickel property cover an area exceeding 200 square kilometres and straddle a 32-kilometre length of the Barkerville and Quesnel terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo gold project.

The Kymar silver project is located in southeastern British Columbia, approximately 28 kilometres west of the town of Invermere in the Golden mining division. The property is made up of two mineral tenures, totalling 1,625 hectares, along the southeastern flank of Mount Catherine.

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