Golden Age Exploration Ltd. Adopts Semi-Annual Financial Reporting Under CSE’s Coordinated Blanket Order 51-933

Details on the Semi-Annual Reporting Pilot Program

The Canadian Securities Administrators have launched a semi-annual reporting pilot program via Coordinated Blanket Order 51-933, allowing eligible venture issuers an alternative to the traditional quarterly disclosure framework. This blanket order enables venture companies listed on the TSX Venture Exchange or Canadian Securities Exchange to voluntarily adopt semi-annual financial reporting in lieu of quarterly filings. The initiative aims to lower compliance costs and administrative demands for smaller emerging companies while maintaining investor protections through mandatory continuous disclosure and annual audited financial statements.

Golden Age Exploration’s participation in the SAR program represents a strategic move to simplify its reporting requirements without compromising transparency or accountability. Companies in the pilot must continue to disclose material changes promptly and file all required continuous disclosure documents on time. This pilot offers an opportunity to test reduced reporting frequency while upholding a clean disclosure record and meeting financial eligibility standards.

Golden Age Exploration’s Reporting Transition and Filing Schedule

Golden Age Exploration has confirmed it will not file interim financial statements or related management discussion and analysis for the three-month period ending May 31, 2026, or the nine-month period ending November 30, 2026. Moving forward, the company will forgo quarterly filings and adopt the semi-annual reporting timetable. This adjustment significantly reduces the number of interim filings required annually.

Under the new schedule, Golden Age will file audited annual financial statements within 120 days following February 28 and six-month interim financial reports within 60 days following August 31. This revised timeline offers extended periods for financial preparation and consolidation, while ensuring stakeholders receive comprehensive annual audited results and mid-year updates. The company retains the option to withdraw from the SAR pilot at any time, with any such decision to be communicated through a future news release.

Eligibility and Compliance Requirements for Semi-Annual Reporting

Golden Age Exploration confirms it satisfies all eligibility criteria for the semi-annual reporting pilot. The company qualifies as a venture issuer with annual revenues below $10 million, a critical threshold for SAR participation. Moreover, Golden Age maintains a clean 12-month continuous disclosure record, having filed all required periodic and timely disclosures as mandated by securities regulations.

This eligibility affirmation underscores that Golden Age’s financial profile and disclosure history comply with Canadian Securities Administrators’ standards for pilot participation. Maintaining these conditions is essential to remain in the program; any significant lapses in disclosure compliance or major business changes could impact continued participation.

Continuous Disclosure and Material Change Reporting Obligations

Despite eliminating quarterly interim financial statement filings, Golden Age Exploration remains fully subject to National Instrument 51-102 continuous disclosure obligations. The company has reaffirmed its commitment to timely disclosure of all material changes and significant developments as they arise. Therefore, while quarterly interim reports will no longer be filed, Golden Age must promptly disclose any material information likely to influence the market price or value of its securities.

The continuous disclosure regime serves as the key investor protection mechanism within the SAR pilot. Companies must immediately report material acquisitions, divestitures, control changes, new contracts, litigation, or other significant events. Golden Age’s adherence to these obligations guarantees investors receive timely updates on important developments, despite the reduction in formal quarterly financial disclosures. This distinction between scheduled financial reporting and event-driven material change disclosure is central to the SAR regulatory framework.

Financial and Administrative Advantages of Semi-Annual Reporting

Transitioning to semi-annual reporting aims to alleviate both administrative workload and financial costs for Golden Age Exploration. Quarterly reporting requires considerable resources for financial consolidation, audits, and disclosure reviews, especially for smaller venture companies with limited finance personnel. By adopting a semi-annual schedule, the company can reallocate resources toward operational and exploration activities aligned with its core objectives.

The financial benefits extend beyond internal cost savings. Longer timelines for preparing annual audited statements and six-month interim reports enable more comprehensive financial analysis and consolidation. Golden Age can better coordinate with auditors and accountants by aligning their work with a less frequent filing calendar. For venture exploration companies, these savings can be redirected to exploration and development efforts, potentially enhancing competitive positioning in advancing projects.

Business Model Context for Golden Age Exploration Ltd.

Golden Age Exploration Ltd. operates as a venture-stage mineral exploration company listed on the Canadian Securities Exchange. Its business model focuses on mineral exploration and project development, typical of natural resource enterprises aiming to identify and advance prospective mineral properties. As a venture issuer with revenues under $10 million, Golden Age exemplifies the emerging exploration-stage companies targeted by the semi-annual reporting pilot program.

Exploration firms generally incur substantial costs during early-stage assessments, geological surveys, and permitting before generating revenue. The SAR framework acknowledges that venture explorers require operational flexibility and cost control during pre-revenue phases. By reducing quarterly reporting demands, Golden Age can maintain financial oversight through audited annual statements and semi-annual updates while concentrating capital and management efforts on exploration priorities that may ultimately create shareholder value.

Regulatory Background and Coordinated Blanket Order Authority

Coordinated Blanket Order 51-933 is a regulatory relief initiative by the Canadian Securities Administrators designed to evaluate alternative reporting frameworks for qualifying venture issuers. This blanket order authorizes eligible companies to voluntarily switch from quarterly to semi-annual reporting, contingent on meeting eligibility criteria and ongoing continuous disclosure requirements. The coordinated approach ensures consistent treatment for all CSE and TSX Venture-listed companies participating in the pilot.

The blanket order reflects regulatory recognition that uniform reporting mandates may not suit all venture issuers. Allowing voluntary participation in the pilot enables regulators to assess the effectiveness of semi-annual reporting for smaller companies while preserving core investor protections. Golden Age’s adoption contributes valuable real-world data on the practical implications of reduced reporting frequency for exploration-stage businesses.

Investor Implications and Disclosure Considerations

Investors in Golden Age Exploration should be aware of the implications of the company’s shift to semi-annual reporting. Although quarterly interim financial statements and MD&A will no longer be filed, annual audited results and mid-year financial updates will continue. This change reduces the frequency and granularity of periodic financial disclosures but does not eliminate formal financial reporting or auditor oversight. Investors seeking detailed quarterly financial information may need to rely on management guidance or voluntary disclosures provided by the company.

The semi-annual reporting cadence may also influence the timing of earnings surprises or financial developments. With longer intervals between formal filings, material financial information will be disseminated primarily through continuous disclosure obligations rather than scheduled quarterly reports. Investors should monitor Golden Age’s material change announcements and news releases to stay informed of significant events between semi-annual reports. The company’s commitment to timely disclosure under National Instrument 51-102 remains the principal mechanism for keeping stakeholders updated.

Future Participation and Exit Rights from the Pilot Program

Golden Age Exploration has reserved the right to discontinue participation in the semi-annual reporting pilot at any time. If the company determines that the SAR framework no longer aligns with its strategic goals or if circumstances materially change, it will announce its decision to revert to quarterly reporting via a future news release. This flexibility ensures the company is not bound to the semi-annual structure if business conditions or capital needs require more frequent reporting.

The option to exit the pilot underscores the voluntary nature of the SAR initiative and provides companies with an exit strategy should enhanced disclosure frequency become necessary for fundraising, acquisitions, or other strategic purposes. Investors should watch for any announcements regarding changes to Golden Age’s reporting approach, as a return to quarterly reporting would represent a material shift in disclosure practices and may affect information accessibility.