Pilot Mountain Exploration Update

Golden Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company focused on Nevada, USA, is pleased to announce an update in regard to its 100% owned flagship Pilot Mountain Project ("Pilot Mountain" or the "Project") located within the prolific Walker Lake Mineral Belt in Nevada, USA.

HIGHLIGHTS

§ Golden Metal has signed a drilling contract with Diamondback Drilling LLC ("Diamondback") based in Battle Mountain, Nevada. Diamondback specialises in Nevada-based diamond drilling.

§ The contract covers a minimum of 2,000m of diamond drilling with the possibility to mutually expand meterage.

§ Drill permits are awaited from the local Bureau of Land Management ("BLM") office shortly. Permits will cover a range of exploratory and infill drill pad locations.

§ Final preparations for the upcoming drilling campaign are underway. Further programme details will be announced in advance of programme commencement.

Oliver Friesen, CEO of Golden Metal, commented:

"We have taken another important step towards the commencement of this very important drilling programme at our flagship Pilot Mountain Project. We have spent the better part of a year preparing exploration and resource expansion targets and we feel very confident with the targets that are now being finalised.

"Since day one we have prioritised working with Nevada specialists when it comes to all aspects of our various exploration programmes and we are delighted to be working with Diamondback, a company with extensive experience drilling in the mining friendly state of Nevada.

"We are working very hard behind the scenes to finalise all final programme details, and further updates can be expected in due course."

PROPERTY OWNERSHIP

The Pilot Mountain project is an advanced exploration and mineral resource definition stage project located in Mineral County in western Nevada. The project covers an area of 14.80 km2 (3,656.1 acres) and is located 200km southeast of Reno and 18km east of Mina, Nevada. It is well situated for the supply of power, water and skilled labour and proximity to transport infrastructure in Mineral County and is centred around four existing mineral deposits: Garnet; Good Hope; Gunmetal and Desert Scheelite, all of which possess significant skarn-style tungsten-copper-silver-zinc mineralisation. The Pilot Mountain project consists of 176 active lode mining claims and 4 filed mill site claims. The four mill site claims filed at the former Dunham mill site have secure access to groundwater supply sufficient for the proposed project.

Garfield Project

The Garfield Project is an exciting copper-gold-silver prospect consisting of 65 lode mining claims covering 5.4 km2 (1,338 acres) located in Mineral County, Nevada, approximately 14km due east of the town of Hawthorne and 120km due west-northwest of Tonopah. Exploration to date has included detailed geochemical sampling and follow up analysis which highlighted the presence of both porphyry and skarn-type mineralisation and alteration at the 'High-Grade Zone'. Further to this, mapping, prospecting and rock sampling was recently completed with results confirming presence of high-grade copper, silver and gold mineralisation as well as leading to the bedrock discovery of the Pamlico Au Zone with individual rock samples up to 18.35g/t Au, 1,225g/t Ag & 1.89% Cu. Following this, geochemical analysis of the full suite of data confirmed the strong presence of porphyry style mineralisation across the Project, as well as potentially overprinting epithermal style mineralisation leading to increased gold-silver prospectivity.

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