Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$4.0 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Offering Details - The offering will consist of up to 13,489,209 Premium Units priced at C$0.2224 each and up to 5,405,405 flow-through shares (FT Shares) priced at C$0.185 each, aiming for maximum gross proceeds of C$4.0 million [2]. - Each Premium Unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2]. - The offering is expected to close around November 3, 2025, pending necessary approvals, including from the TSX Venture Exchange [3]. Regulatory Compliance - The FT Shares and Premium Units will be offered under the Listed Issuer Financing Exemption, meaning they will not be subject to a hold period under Canadian securities laws [4]. - The company may pay finder's fees of up to 6% on a portion of the offering, in compliance with applicable securities laws [3]. Insider Participation - Certain insiders are expected to participate in the offering, which will be classified as a "related party transaction" under Multilateral Instrument 61-101 [5]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party participation [5]. Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in gold projects located in tier one mining jurisdictions, operating three significant gold projects in Timmins, Ontario, Canada [7].

Core Viewpoint - GFG Resources Inc. has reported promising final assay results from its Phase 1 2025 drill program at the Aljo Gold Project, indicating significant high-grade gold mineralization and the discovery of a new gold zone, which supports the potential for a large-scale gold system in the Timmins Gold District of Ontario, Canada [1][2][4]. Drilling Results - The drilling program successfully extended high-grade gold mineralization in the Hangingwall and Main Zones, confirmed broad mineralized envelopes in the Aljo West Zone, and discovered a new Footwall gold zone characterized by strong alteration and visible gold [2][4]. - Notable high-grade gold intercepts include: - 6.62 grams of gold per tonne over 11.2 meters, including 7.24 g/t over 10.2 meters in hole ALJ-24-020 [7]. - 4.13 g/t over 5.2 meters, including 8.98 g/t over 2.2 meters in hole ALJ-24-018 [7]. - 1.74 g/t over 13.2 meters, including 24.2 g/t over 0.5 meters in hole ALJ-24-017 [7]. - The Aljo system's strike length now exceeds 600 meters, with continuity confirmed from surface to over 300 meters vertical depth across multiple zones [7]. Future Exploration Plans - A follow-up 3,000-meter drill program is scheduled to begin shortly, focusing on expanding the current findings and exploring new targets, particularly along the Pipestone Fault [3][8]. - The company plans to implement significant regional geochemical and geophysical programs to develop and expand the target pipeline, with drilling expected in the fourth quarter [3][8]. Company Insights - GFG Resources Inc. operates in the Timmins Gold District, a region known for its rich gold deposits, and is focused on district-scale gold projects [18]. - The company emphasizes the potential of the Pipestone Fault to host high-grade, multi-million-ounce gold deposits, similar to other world-class systems in the area [5][6].

Core Points - GFG Resources Inc. has been awarded C$200,000 in funding from the Ontario Junior Exploration Program to support its exploration activities in the Timmins Gold District [2][3] - The funding will be used for eligible exploration expenditures, including drilling, geophysical surveys, and base-of-till sampling [2] - The Ontario government emphasizes the importance of a thriving exploration industry for mineral development and economic growth [3] Company Overview - GFG Resources Inc. is a publicly traded precious metals exploration company focused on district-scale gold projects in tier one mining jurisdictions [4] - The company operates three gold projects covering over 800 square kilometers in the Timmins Gold District, which has produced over 70 million ounces of gold [4]

Core Insights - GFG Resources Inc. has reported encouraging results from its Phase 1 2025 greenfield drill program at the Pen Gold Project, indicating significant gold and base metal mineralization at multiple targets [2][3][4] Exploration Results - The Phase 1 drilling focused on several targets including the Muskego North Shear Zone (Alpha and Foxtrot), southern Muskego Shear Zone (Charlie), and the Destor-Porcupine Fault (Delta) [2][4] - Notable results include: - Alpha Target: 1.00 g/t Au over 1.0 m in hole MSK-25-004, confirming the presence of shear-hosted gold mineralization [4][7] - Chabot Target: 3.90 g/t Au over 3.5 m, including 9.62 g/t Au over 1 m near surface [7][11] - Foxtrot Target: Up to 0.3% zinc and 0.14% copper in hole MSK-25-005 [5] - Charlie Target: 0.57 g/t Au over 0.65 m in hole MSK-25-008 [9] - Delta Target: Validation of the fault's presence with potential for mineralization [10] Increased Exploration Budget - The exploration budget has been increased to approximately C$4.4 million to support an aggressive second half of the year, focusing on high-priority targets including Aljo [3][7] Future Drilling Plans - Drilling at the Aljo Gold Target is set to resume in July 2025 with a 3,000 m drill program aimed at targeting depth and strike extensions of known mineralized zones [7][15] - The company plans to conduct prospecting and mapping to further refine targets based on new data from the Q1 exploration program and a recently completed 2D IP geophysical survey [16] Company Overview - GFG Resources Inc. is focused on district-scale gold projects in tier one mining jurisdictions, operating three gold projects in the Timmins Gold District of Ontario, Canada [21]

Core Viewpoint - GFG Resources Inc. has reported significant assay results from its Aljo Mine Target, indicating the discovery of new high-grade gold zones and the expansion of known mineralized areas, which enhances the potential for further discoveries in the Timmins Gold District of Ontario, Canada [2][5][14]. Drilling Program and Results - The recent drilling program consisted of 12 holes totaling 2,600 meters, focusing on the downdip and lateral extensions of the historic Aljo Mine, as well as testing new targets [3][4]. - Notable intersections include high-grade gold in the HW and Main Zones, with the discovery of a new FW Zone (FW3) characterized by significant visible gold and high-grade mineralization, with assays reaching up to 7.26 g/t Au [4][6][10]. Specific Assay Results - Hole ALJ-24-019 intersected multiple high-grade intervals, including 4.39 g/t Au over 3.4 m and 7.76 g/t Au over 1.5 m in the HW Zone, confirming continuity of mineralization [6][7]. - The Main Zone also showed promising results, with intercepts of 8.00 g/t Au over 0.5 m and 5.11 g/t Au over 0.8 m, correlating with previous high-grade results [9][10]. - The new FW3 Zone yielded significant results, including 7.26 g/t Au over 0.6 m, indicating a 60 m step-out from previously reported high-grade gold [10][12]. Future Plans - Follow-up drilling at Aljo is scheduled to commence in the second half of 2025, with an aggressive program planned to further explore the depth and strike extensions of the HW, Main, and FW Zones, totaling approximately 3,000 meters [4][7][14]. - The company is also expanding its exploration pipeline in the region, which continues to attract attention due to its geological potential [14][25]. Muskego Target Update - GFG has initiated a drill program at the Muskego target area, testing several greenfield targets with a total of 10 holes drilled, totaling 2,685 meters, with assay results pending [17][18]. - A sonic drill program was also completed to gather samples for generating additional drill targets in this underexplored region [18]. Company Overview - GFG Resources Inc. is focused on district-scale gold projects in tier one mining jurisdictions, operating three gold projects in the Timmins Gold District, which has historically produced over 70 million ounces of gold [25].

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, May 02, 2025 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) has closed its private placement financing (the “Offering”) for gross proceeds of C$3,000,000. In connection with the Offering, Alamos Gold Inc. (“Alamos”) (TSX: AGI; NYSE: AGI) purchased securities and will hold a 10.8% interest in the Company. Brian Skanderbeg, President and CEO of GFG commented, “This successf ...

Core Viewpoint - GFG Resources Inc. has finalized an agreement to acquire a 100% interest in the WWCC Property, enhancing its portfolio in the Timmins Gold District of Ontario, Canada [1][3]. Group 1: Acquisition Details - GFG issued a total of 1,334,757 common shares to International Explorers and Prospectors Inc. at a deemed value of C$0.187 per share based on the volume-weighted average price (VWAP) for the previous five trading days [2]. - The shares issued will be subject to a statutory hold period of four months and one day from the issuance date [2]. Group 2: Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in district-scale gold projects located in tier one mining jurisdictions [3]. - The company operates three gold projects in the Timmins Gold District, which has historically produced over 70 million ounces of gold [3].

SASKATOON, Saskatchewan, April 11, 2025 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has increased and amended its previously announced private placement ("Offering"). The Company has decided to increase the Offering to C$3.0 million and amend the sale of premium flow-through units ("Premium Units") to provide that each Premium Unit will now consist of one common share of the Company and one whole share purchase warrant (a “Warrant”), with each ...

Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$2.5 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Group 1: Offering Details - The offering will consist of up to 9,201,325 Premium Units priced at C$0.2717 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at an exercise price of C$0.28 for 24 months from issuance [2]. - The offering is expected to close around May 2, 2025, pending necessary approvals [4]. Group 2: Financial Implications - The financing will enhance GFG's exploration efforts and improve its financial position, enabling the company to capitalize on opportunities and create shareholder value [2]. - The company may pay finder's fees of up to 6% on a portion of the offering [4]. Group 3: Regulatory and Compliance Aspects - The Premium Units will be offered to accredited investors and other qualifying jurisdictions under National Instrument 45-106, with no hold period for the securities issued [5]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction under Multilateral Instrument 61-101 [6].