Golden Age Exploration Transitions to Semi-Annual Financial Reporting Under CSE Pilot Program

Adoption of Semi-Annual Reporting Structure

Golden Age Exploration Ltd. announced its move to semi-annual reporting under Coordinated Blanket Order 51-933, allowing eligible venture issuers on the TSX Venture Exchange and Canadian Securities Exchange to voluntarily switch from quarterly to semi-annual financial disclosures. This blanket order pilot program offers exemptions from traditional quarterly reporting while ensuring oversight through alternative disclosure mechanisms.

Under this new framework, Golden Age will no longer file interim financial statements or related management discussion and analysis (MD&A) for the three-month period ending May 31, 2026, the nine-month period ending November 30, 2026, and subsequent comparable periods. This adjustment marks a notable change in the company's disclosure timeline and aligns with regulatory efforts to ease reporting obligations for smaller venture issuers.

Ongoing Annual and Semi-Annual Disclosure Obligations

Despite adopting semi-annual reporting, Golden Age Exploration will continue to provide comprehensive disclosure through audited annual financial statements and six-month interim reports. The company confirmed it will file audited annual statements within 120 days after the February 28 fiscal year-end, adhering to standard timelines for venture issuers.

Moreover, six-month interim financial reports will be submitted within 60 days following August 31. This approach guarantees investors receive detailed audited annual data and updated financial performance twice yearly instead of quarterly, preserving meaningful disclosure intervals for market participants.

Eligibility Confirmation for SAR Pilot Program Participation

Golden Age verified that it meets all eligibility requirements set by the semi-annual reporting pilot program. These include classification as a venture issuer, annual revenues below $10 million, a clean continuous disclosure record over the past 12 months, and timely filings of all required periodic and continuous disclosure documents.

This confirmation underscores Golden Age's compliance with standards expected of pilot program participants. Meeting revenue caps and disclosure track record conditions validates the company's qualification for regulatory exemptions under the blanket order.

Commitment to Material Change Disclosure Compliance

Golden Age Exploration reaffirmed its dedication to timely disclosure, confirming it will continue reporting all material changes and significant developments as required by National Instrument 51-102, Continuous Disclosure Obligations. This ensures that adopting semi-annual reporting does not diminish the company's responsibility to disclose material information promptly.

Material change reporting remains mandatory under the SAR pilot program regardless of reporting frequency. Investors can expect disclosures on significant business developments, acquisitions, financing, or operational changes through news releases and regulatory filings as events occur, rather than waiting for scheduled reports.

Reducing Administrative and Financial Reporting Burdens

Golden Age cited the reduction of administrative and financial burdens associated with quarterly reporting as a key reason for adopting semi-annual reporting. For smaller venture issuers, preparing quarterly financial statements, undergoing independent reviews, and compiling MD&A reports can be a substantial operational cost.

The SAR pilot program addresses these challenges by allowing smaller companies with limited resources to allocate capital and management efforts more efficiently. By shifting to semi-annual reporting, Golden Age decreases the frequency of formal reporting while maintaining transparency through annual audits and interim reports. This regulatory evolution acknowledges that quarterly reporting may impose excessive burdens on certain publicly listed companies.

Regulatory Context and Blanket Order Authority

The semi-annual reporting pilot operates under Coordinated Blanket Order 51-933, which grants regulatory authority and exemptions permitting venture issuers to transition from quarterly to semi-annual reporting. This blanket order reflects a coordinated effort among Canadian provincial securities regulators to pilot alternative disclosure frameworks.

Golden Age confirmed its announcement was filed in accordance with the blanket order, formally notifying regulators and market participants of its participation. The order sets eligibility criteria and ongoing conditions for companies in the program.

Voluntary Participation and Option to Withdraw

Golden Age emphasized that participation in the SAR pilot program is voluntary, with the option to withdraw at any time. Should the company decide to exit the program, it will announce this via a future news release.

This flexibility allows Golden Age to revert to quarterly reporting if circumstances change or if it deems quarterly disclosures more suitable for its business or strategic goals. Investors should watch for updates regarding any changes in reporting frequency or program status.

Impact on Venture Issuer Disclosure Practices

Golden Age's move to semi-annual reporting aligns with a wider regulatory trend recognizing the reporting capacities of smaller venture issuers. Both the CSE and TSX Venture Exchange increasingly acknowledge that mandatory quarterly reporting may impose disproportionate costs on early-stage or resource-limited companies.

The SAR pilot program serves as a regulatory experiment to balance transparency with reduced compliance burdens, allowing assessment of whether semi-annual reporting combined with mandatory material change disclosures sufficiently informs investors. Golden Age's involvement contributes valuable experience that may influence future policy decisions on venture issuer reporting requirements.

Ongoing Compliance and Continuous Disclosure Oversight

Golden Age's reaffirmed adherence to National Instrument 51-102 continuous disclosure obligations ensures that less frequent scheduled financial reporting does not create information gaps for investors. Continuous disclosure mandates prompt public reporting of material information irrespective of reporting schedules, complementing periodic reports.

Participation in the SAR pilot program occurs within a regulatory framework where continuous disclosure remains fully enforced. Investors and market participants should therefore expect timely event-driven announcements alongside the company's scheduled annual and semi-annual financial filings.