Gold Mountain Announces $1.5 Million Flow-Through Private Placement

Gold Mountain Mining Corp. has announced a non-brokered private placement of up to 27,272,727 flow-through common shares at $0.055 per share, aiming to raise $1.5 million. The funds will be allocated to Canadian exploration expenses, particularly for the Elk Gold Project in Merritt, British Columbia. These expenditures will qualify for flow-through mining expenditures under Canadian and British Columbia tax acts.

Investors will benefit from BC mining flow-through share tax credits, allowing a 20% non-refundable tax credit on BC expenditures. A finder's fee of 7% cash and warrants will be given to eligible finders. The placement is subject to regulatory approvals, with no assurances of completion. The securities cannot be offered or sold in the U.S. without registration or exemption under the U.S. Securities Act.