No Pay, No Work. That Simple. So FU Pay Me

Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) announces that its 2 subsidiaries holding the Elk Gold mining project concessions, have received "demand for payment" letters from two of its mine site contractors. The demand is for a total of approximately $5.6 million for contract work on the Elk gold mining project. $4.7 million of this amount is related to expenses incurred by its mining contractor and a notice of enforcement of security has also been received from this contractor regarding a previously announced and executed general security agreement (GSA).

The Company also announces that Mr. Simon Buckett has resigned as Chief Financial Officer of the Company and the Company is in process of identifying a replacement as soon as possible.

Using Artificial Intelligence (A.I.) to model the deposit and plan our drill program, a total of 14 diamond drillholes have been completed which represents 8,579 meters.

About C4V

C4V™ is a lithium-ion battery technology company possessing critical insight related to the optimum performance of lithium-ion batteries and Gigafactories. C4V’s discoveries have been fruitful in vastly extending battery life, safety and charge performance, however more important is the Gigafactory offering that allows emerging countries to establish their own robust manufacturing ecosystem. C4V works with industry-leading raw material suppliers and equipment supply chain to bring to market fully optimized batteries possessing key economic advantages providing the ultimate “best in class” performance for various applications and end-to-end solutions to produce them on a Gigawatt hour scale. Among four different Gigafactory projects across the globe under development, iM3NY is C4V’s maidan lithium-ion cell manufacturer Gigafactory located at Endicott New York, the birthplace of IBM. With its highly scalable business model C4V aims to achieve 100GWh cell production capacity globally by 2030.