GOLD BASIN REPORTS ADDITIONAL BROAD GOLD INTERSECTIONSVancouver, British Columbia, June 1, 2022: Gold Basin Resources Corp. (the "Company" or "GXX", TSXV: GXX; OTCQB: GXXFF) is pleased to provide an update on the ongoing Drilling Program at the Cyclopic Deposit and the Company’s maiden drill program on its 100%-owned Stealth oxide gold project in North-West Arizona. HIGHLIGHTS INCLUDE: • Stealth drilling continues to intersect thick gold intersections with grades exceeding 1g/t Au. • Latest Results include: - 80.6m (True Width) @ 1.0g/t Au from 22.9m in hole ST22-009 - 70.1m @ 1.0g/t Au from 13.7m in hole ST22-013 - 32m @ 1.3g/t Au from 42.7m in hole ST22-017 - 47.2m @ 1.0g/t Au from surface in hole ST22-021 - 29.0m (True Width) @ 1.4g/t Au from 45.7m in hole ST22-023 • Drilling intersections show a consistent broad zone of higher-grade (>1.0g/t) gold mineralisation along the 350m of strike length drilled to date. The deposit remains open in all directions. • The mineralised trend along the major Stealth fault clearly indicates the potential to extend and join to the Red Cloud deposit south of Stealth. • Gold mineralisation has similar sub-horizontal geometry to the Cyclopic Deposit with high-grade sub-vertical cross cutting gold bearing structures also being evident. • Total metres drilled at Gold Basin during 2022 campaign is 11,799m in 109 holes with 3,714m drilled at Stealth. • The Company owns both the surface and mineral rights of the Stealth deposit. • 3000+ assays at ALS laboratory still outstanding Michael Povey, CEO of Gold Basin commented: “The drilling results from our Stealth program continue to provide broad gold intersections, most of which are much greater than 20m thick and exceed 1 g/t gold. The new “hits” of 80m and 70m from almost surface are outstanding, not to mention the other significant intersections of even higher-grade mineralisation. The pleasing factor is the overall consistency of gold mineralisation in almost all the drill holes. Given that the Stealth fault is a major structure running roughly NW-SE for at least 8km on the Company’s property and is clearly mineralised 2 to a far greater degree than was previously thought, the scale of the potential along strike as well as depth presents the Company with even more exciting exploration opportunities”.