2022-03-28 07:14 ET – News Release

Mr. Adam Cegielski reports

AMENDMENT TO STOCK OPTIONS

Gold Line Resources Ltd. has amended stock options for certain non-insiders of the company.

A total of 1.05 million stock options originally granted on Oct. 29, 2020, at an exercise price of 25 cents, expiring on Oct. 29, 2030, are being repriced to 16 cents per option share. All other terms remain the same.

A total of 775,000 stock options originally granted on Jan. 12, 2021, at an exercise price of 40 cents per share, expiring on Jan. 12, 2031, are being repriced to 16 cents per share. All other terms remain the same.

The stock option amendments are subject to TSX Venture Exchange approval.

About Gold Line Resources Ltd.

Gold Line is focused on advancing gold projects with significant exploration potential in prolific gold-producing regions of Sweden and Finland. Gold Line is working in one of the world’s top mining jurisdictions and emerging exploration frontiers due to its strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.

Gold Line currently holds a prospective portfolio of five gold exploration projects in Sweden: one project is in the Skelleftea belt of north-central Sweden and four projects, including the Langtjarn property, are located within the Gold Line mineral belt of north-central Sweden. The projects are located on a 200-kilometre Proterozoic greenstone sedimentary belt that is host to multiple gold showings and deposits.

We seek Safe Harbor.