Edmonton, Alberta — February 17, 2026 — Leads & Copy — Golden Rapture Mining Corporation (CSE: GLDR) has secured full ownership rights to its flagship Rainy River area Phillips Gold Property after completing the final option payments. The company also confirmed that no further property payments are outstanding on its three additional properties.
Richard Rivet said this is an important milestone moment for Golden Rapture as the company moves into the 2026 exploration season with a clean, fully paid‑up property portfolio. Rivet added that with all four properties now free of outstanding payment obligations, Golden Rapture will now be able to allocate capital more efficiently toward future exploration, drilling, and value‑generating field activities.
Under the terms of the Phillips Gold Property Option Agreement with the Optionors, Luc Gagnon (50%) and Daniel Darrah (50%), Golden Rapture has paid the Optionors a total of $105,000 in cash and issued an aggregate of 950,000 common shares of the company. The final consideration, paid last week, included a cash payment of $10,000 and the issuance of an additional 500,000 shares. These shares will be subject to a statutory hold period of four months and one day from the date of issuance.
The optionors will also retain a 2.5% net smelter return (NSR) on all gold or mineable products from the property, and the optionee has the right to purchase 1.5% from the optionors at a rate of $500,000.00 per 0.5% NSR.
Golden Rapture Mining’s Tier 1 property portfolio includes four properties hosting a combined total of 24 historical mine shafts:
1. PHILLIPS TOWNSHIP GOLD PROPERTY: The property hosts 18 historical mine shafts and is situated in the Rainy River Mining District, NW, Ontario. Highlights of drilling have so far returned high-grade intercepts as high as 285.00g/t Au, with 114.96 g/t Au over 2.55 meters in hole 12 and 111.16 g/t Au over 1.50 meters in hole 17, confirming the presence of shallow high-grade zones around the old mine shafts and also outside the extensions of the old Combined Mine workings. Ownership 100%.
2. HUTCHISON MINE PROPERTY: This gold property hosts 3 historical mine shafts located near the large producing Equinox Greenstone Open Pit Mine, NW, Ontario. The Hutchison Mine is located on the Northern border of the Town of Greenstone, and the newly opened Equinox Gold Greenstone Open Pit Mine is located on the Southern border of the Town. This Geraldton-Beardmore greenstone belt is a gold camp that has seen some twenty (20) producing mines over the years, with the Hutchison Gold Mine once being one of the richest mines in the area. It was mined from 1937 to 1947. Ownership 100%.
3. BULLY BOY MINE PROPERTY: Includes four patented mineral claims hosting 2 historical mine shafts. The historical records of the Bully Boy Mine are limited; however, archival Ontario Ministry of Mines files indicate that high-grade gold was first discovered in 1885 and that it was mined intermittently from 1898 to 1906. Ownership 50%.
4. NORTHERN QUEEN MINE PROPERTY: This newly acquired 77 claim unit property hosts 1 historical mine shaft and is comprised of roughly 3500 acres. The Northern Queen Mine property lies along the southern boundary of the NexGold Goliath Gold Deposit, and the eastern part of the property is also situated on the Northern border of the Dryden Gold claims. It produced gold and silver from 1897 to 1899. Ownership 100%.
Golden Rapture is planning and looking forward to commencing an exploration program this Spring. Richard Rivet said to stay tuned for upcoming updates and announcements.
John Archibald, independent P. Geo., Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators, has reviewed and approved this news release.
Golden Rapture Mining is an exploration company engaged in the acquisition, exploration, and development of high-potential Tier 1 projects. Golden Rapture became listed on the CSE on March 14 of 2024, and presently has 52,489,390 Common Shares issued.
Source: Golden Rapture Mining
