G2 Goldfields

G2 Goldfields Drilling Continues to Expand High-Grade Gold Resource at OKO
January 06, 2026

Drilling intersects new gold mineralisation south of existing pit shells, including a high-grade intercept of 39.3 g/t Au over 2.7m and 2.1 g/t Au over 30m.
Significant gold mineralisation intercepted down-plunge of current gold resource including 4.0 g/t Au over 23.5m within 2.4 g/t Au over 50m.
Major drill program initiated with five rigs committed to expanding gold zones.
Greenfields exploration ongoing with assays pending from new target areas.

TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce new assay results from the Company’s ongoing diamond drill program at the OKO Project, Guyana (“OKO” or the “Project”). In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“PEA”) [see press release dated December 18, 2025]. The PEA outlined a combined open pit and underground operation with a 14-year mine life with total gold production estimated at 3.2 million ounces at all-in sustaining costs¹ (“AISC”) of US$1,191 per ounce. Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana’s economy through payments of royalties, taxes, and employment opportunities.

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www.globenewswire.com/news-release/2026/...source-at-OKO.html

On April 9, 2026, G2 entered into a definitive agreement whereby neighbouring G Mining Ventures Corp. (“GMIN”) will acquire all of the issued and outstanding shares of G2 pursuant to a court approved plan of arrangement, expected to close in June 2026, subject to shareholder and court approvals. In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“PEA”) [see press release dated December 18, 2025] outlining a combined open pit and underground operation with a 14-year mine life and estimate total production of 3.2 million ounces gold at all-in sustaining costs¹ (“AISC”) of US$1,191 per ounce. Annual production is projected to average 298,000 ounces during years 3 through 10.

Assay results are reported herein for 22 new diamond drill holes completed within the Ghanie deposit, totalling 10,828 metres (“m”). Highlights of the results are compiled in Table 1, with a complete table of results available
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www.globenewswire.com/news-release/2026/...5m-3-0-g-t-au.html