Quarterly Activities/Appendix 5B Cash Flow Report

• Golden State Mining continues exploration at Yule and Southern Cross East Projects
• Applications for mining tenements at Southern Cross East granted post end of the Quarter
• The Company's strategy to maintain fiscal discipline while searching for new exploration opportunities
• Appointment of Peter Williams as Chairman adds to the Board's capabilities

Golden State Mining Limited (ASX: GSM) has released its June 2026 Quarterly Report. The report highlights the company's continued exploration efforts at the Yule and Southern Cross East Projects in Western Australia. At the Yule Project, exploration data has been reviewed, and new targets have been identified. However, no field exploration has been undertaken due to ongoing negotiations regarding access to the pastoral lease. At the Southern Cross East Project, two tenement applications were granted post the end of the quarter, expanding the project area. The company's strategy remains focused on fiscal discipline while exploring new opportunities. The appointment of Peter Williams as Chairman adds significant experience and capabilities to the board.

Golden State Mining Ltd. remains committed to exploring new opportunities while maintaining fiscal discipline.