NEW HYDE PARK, N.Y., Aug. 25, 2005 (PRIMEZONE) -- Golden Patriot, Corp. (OTCBB:GPTC) ("GPTC") wishes to announce that it has been informed by the exploration contractor of the following regarding permitting of the Lucky Boy Uranium Prospect: "Good news received today regarding relatively straightforward process required to gain drilling permit for Lucky Boy. Project area is on BLM land administered by Tucson Resource Office. I have worked with geologist who heads this office in years past. He has worked on many mining related projects. Unlike the Forest Service, which requires a Plan of Operations with an environmental assessment, the BLM will review the Lucky Boy under an Exploration Notice. This applies to projects with under 5 acres disturbance. Since we expect to use existing roads, we will easily fall within this designation. Once Notice is submitted, BLM agency personnel have 15 days to do a field review. If any significant cultural or biological issues come up, maximum review time indicated is about 45 days. Again, since we will be using existing roads, bonding requirements for reclamation should be reasonable."
Currently, GPTC has been informed by the exploration contractor that the initial phase of sampling has been completed on the Lucky Boy Uranium Prospect in Arizona. These samples have been shipped to the SGS laboratories in Toronto for analysis. It is anticipated that these samples should be back within 1-4 weeks. Drill targets will be determined by Dr. J.H. Montgomery, the Qualified Person overseeing the project. Fred Brost P.Eng. of Mining and Environmental Consultants Inc., Phoenix, AZ., will initiate the application process concurrent with this work and in anticipation of an early fall drill program.
Bradley Rudman, President of GPTC stated, "This is great news regarding the permitting on the property. It is clear that the team we have put in place is capable of enabling GPTC to fully exploit this high potential uranium prospect. Not only does GPTC have this uranium prospect moving forward, but we are days away from anticipated permitting on the Gold View Gold Prospect in Nevada. The third quarter is going to be a very active one for GPTC."
According to the joint venture partner on the Gold View Property, the geochemical survey has identified a gold anomaly in association with major structural intersections identified in the geophysical survey. GPTC's joint venture partner has submitted permits for a ten-hole drill program consisting of ten reverse circulation drill holes (of which an initial four holes will be drilled), averaging 800 feet deep to test the most significant anomalies. Approval for these permits is expected shortly. Barring any unforeseen issues, drilling is scheduled to commence within 30 days.
The Gold View Property is located in the Cortez trend of Nevada, approximately 3 miles east of the Tonkin Springs deposits (650,000 ounces of gold), and consists of approximately 1,450 acres (587 hectares) containing 76 unpatented lode claims.
To receive timely updates and information on any future developments as they occur please send an email to info@goldenpatriotcorp.com.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Golden Patriot, Corp. filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.