Gold Mountain Signs Letter of Intent with New Gold to Increase its Tonnage Limit in its Ore Purchase Agreement

VANCOUVER, BC / ACCESSWIRE / June 17, 2021 / Gold Mountain Mining Corp. ('Gold Mountain' or the 'Company') (TSX.V:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to announce that it has signed a Letter of Intent ("LOI") with New Gold Inc ("New Gold") to increase its tonnage delivered to New Afton from 70,000 to 350,000 tonnes per annum beginning in year four of production. This addition reflects a 400% bump to the delivery commitments outlined in the Company's Ore Purchase Agreement with New Gold (the "OPA") and provides a clear path to scale mining operations.