Gold, lithium, and base metals exploration company Golden State Mining Limited 
(ASX code: "GSM") is substantially growing its' footprint across Western 
Australia following the successful granting of two out of five tenement 
applications at GSM's new ~1200km2 Payne's Find Project in the Murchison region 
of Western Australia.

Located immediately east and 30km north of Payne's Find in the Murchison region 
of Western Australia, GSM has secured the ground for its lithium and base metal 
potential based on open file aeromagnetic and remote sensing data evaluation. 
The project-scale lithium targeting work has already commenced on the new, 
underexplored tenure of the entire project area, with further reconnaissance 
and initial soil sampling work due to commence in the coming weeks.

Golden State's Managing Director, Michael Moore, commented: "The diligent 
targeting work carried out by GSM during the second half of 2021 is already 
paying off for the company with the recent granting of two out of five tenement 
applications at Payne's Find, being an exciting addition to the GSM stable of 
projects across Western Australia. In conjunction with a well-regarded industry 
consultant, this greenfields area was specifically targeted for its lithium 
prospectivity, however, the recent Meleya discovery by Tempest Minerals Limited 
(ASX:TEM) some 30km away has also highlighted the importance of base metals 
opportunities in this region."

The new Payne's Find Project adds to GSM's quality projects focussed on Western 
Australia, with the flagship being the Yule Project in the under-explored 
Mallina Basin in the Pilbara region of the State.

GSM's 100% per cent owned holding is a strategic ground position in the highly 
sought-after Archaean Mallina Basin, with the tenement package hosting 
intrusive bodies and major structural corridors. The most recent drill campaign 
uncovered a significant gold intersection of 4m @ 0.8g/t from 74 metres.

"The region is seriously under-explored. GSM continues to validate the 
credibility of this region and its ability to deliver further major 
discoveries," Mr Moore said.

GSM's tenements are only about 15km from De Grey's big discovery at Hemi, 
hosting large discrete intrusive targets with similar magnetic signatures. Mr 
Moore highlighted the potential of the Mallina Basin, which is logistically 
ideal with roads, nearby port, gas pipeline and only 40 minutes from town.

GSM has only 83 million shares on issue and is well-funded for its extensive 
exploration programs in 2022.

www.goldenstatemining.com.au

CONTACT: Michael Moore/mmoore@gsmining.com.au/+61-0863232384

Souroce: Golden State Mining Limited