Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][32] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][17] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]

Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][11] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][18] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]

(All amounts are in US$) TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce an independent technical report entitled “NI 43-101 Technical Report for the Preliminary Economic Assessment (PEA) on the Oko Gold Project in the Co-operative Republic of Guyana, South America” (the “Technical Report”), with an effective date of December 8, 2025, has been filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. The Technical ...

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. ...

Industry Overview - Gold developers are advancing construction decisions due to record producer margins, with all-in sustaining costs averaging $1,600 per ounce and gold prices exceeding $4,400, creating a unique opportunity for mine construction [1][2] - 97% of gold producers are operating with positive margins, making the financial case for new mine construction compelling, supported by short payback periods and strong internal rates of return [2][3] Company Highlights - **Lake Victoria Gold** has confirmed high-grade gold mineralization at its Tembo Project in Tanzania, with grades up to 35.45 g/t, and is focusing on defining resources and finalizing processing agreements [3][4] - The company is in discussions with Nyati Resources to access a processing plant, expecting to finalize an agreement by early 2026, which will facilitate near-term production [5] - Lake Victoria Gold's drilling program at Ngula 1 is set to begin in Q1 2026, targeting a strike length of 300 to 400 meters with consistently high grades [6] - The company is also advancing its Imwelo Gold Project, located near AngloGold Ashanti's Geita Mine, with recent drill results extending mineralization beyond current designs [6][7] - **i-80 Gold Corp.** plans to refurbish its Lone Tree Plant in Northern Nevada with an estimated capital cost of $412 million, aiming for a short payback period of 12 to 24 months [9][10] - The refurbished plant will process material from three high-grade underground mines, reducing processing costs significantly and increasing margins by $1,000 to $1,500 per ounce [11] - **McEwen Inc.** has received approval for the extension of its Environmental Impact Assessment for the El Gallo Mine, with Phase 1 expected to produce approximately 20,000 gold equivalent ounces annually starting mid-2027 [12][13] - **Lundin Gold Inc.** targets gold production of 475,000 to 525,000 ounces at its Fruta del Norte mine in 2026, with cash operating costs between $900 to $960 per ounce [14][15] - The company is launching an $85 million exploration campaign, the largest in its history, and plans to maintain a fixed quarterly dividend of $0.30 per share [15] - **G2 Goldfields Inc.** has delivered a maiden PEA for its Oko Gold Project, projecting an average production of 281,000 ounces annually at all-in sustaining costs of $1,137 per ounce, with an after-tax NPV of $2.6 billion [16][17] - The project requires initial capital of $664 million and is positioned for potential resource expansion as drilling continues [17]

Core Insights - G2 Goldfields Inc. announced the key findings from its Preliminary Economic Assessment (PEA) for the Oko Gold Project in Guyana, highlighting its potential as a significant development project with attractive economics [2][3]. Overview - The PEA outlines a combined open pit and underground operation with a 14-year life of mine, estimating total production of 3.2 million ounces of gold at an average all-in sustaining cost (AISC) of $1,191 per ounce [4][9]. - The project includes 1.6 million ounces of gold in the Indicated category and 1.9 million ounces in the Inferred category, with an average annual production of 281,000 ounces from years 2 through 11 [4][9]. Financial Metrics - Initial capital expenditures are estimated at $664 million, with sustaining capital costs of $366 million over the life of the mine [6][34]. - The pre-tax net present value (NPV) at a 5% discount rate is projected at $3.471 billion, with an internal rate of return (IRR) of 46% [6][9]. - The after-tax NPV is estimated at $2.561 billion, with an IRR of 39% and a payback period of 2.6 years at a gold price of $3,000 per ounce [6][9]. Mining and Production - The open pit mine is expected to have a life of six years, while the underground mine will last for 14 years, with a total strip ratio of 5.4:1 [22][23]. - The average underground production rate is projected at 1,900 tonnes per day, with a total of 21.3 million tonnes of mineralized material expected to be mined at an average diluted gold grade of 3.9 g/t [24][22]. Processing and Recovery - The proposed process plant is designed to treat 3.6 million tonnes per year, utilizing a standard metallurgical flowsheet that includes comminution, gravity concentration, cyanide leach, and carbon-in-leach (CIL) processes [27][30]. - The overall gold recovery rate is estimated at 94% [29]. Environmental and Permitting - The company plans to submit its preliminary mine design to the Environmental Protection Agency (EPA) to apply for the environmental permit, with the Environmental Social Impact Assessment (ESIA) expected to be filed in Q1 2026 [38][39]. - The project area is not designated as a priority conservation site and does not overlap with protected or Indigenous lands [39]. Workforce - During construction, the workforce is projected to peak at approximately 1,250 personnel, with an average operational workforce of around 800 employees once the mine is in production [41].

Core Insights - Tajiri Resources Corp. has reported initial trenching results from its Yono Gold Property, indicating multiple zones of gold mineralization, including higher-grade intervals, which are comparable to neighboring properties with significant gold resources [1][13][15]. Trenching Results - A total of 1,032 meters of trenching has been completed, with significant intersections reported, including: - Trench YTR2: 2 meters at 30.6 g/t Au from 10 meters [4] - Trench YTR4: 2 meters at 41.3 g/t Au, with a combined interval of 19 meters at 4.6 g/t Au when including lower-grade intervals [4] - Trench YTR3: 0.3 meters at 6.2 g/t Au, confirming the gold-bearing nature of the contact [5] - Trench YTR7: 1 meter at 10.8 g/t Au, indicating potential extension of mineralization [9] - Other trenches reported lower tenor mineralization, demonstrating the presence of multiple mineralized zones within Yono [10]. Geological Context - The mineralization style at Yono closely resembles that at G2 Goldfields' Oko Main Zone, with high-grade gold hosted in narrow shear zones along graphitic metasediments [2][13]. - Mapping indicates that late ENE trending folding may play a crucial role in localizing mineralization along structures and contacts [8][14]. Exploration Strategy - The company is currently conducting a 2,610-meter trenching program, with 1,135 meters completed to date [11]. - Future exploration may include high-resolution IP/Resistivity and/or TEM surveys to delineate graphitic units and locate potential sulfide accumulations associated with mineralization [14]. Management Commentary - The President and CEO of Tajiri expressed confidence that Yono has the potential to deliver significant new gold discoveries, aligning with the structural and stratigraphic settings of neighboring deposits [15].

Core Viewpoint - G2 Goldfields Inc. has successfully obtained shareholder approval for the spin-out of its non-core assets into G3 Goldfields Inc., a wholly owned subsidiary, through a plan of arrangement under the Canada Business Corporations Act [1][4]. Voting Results - A total of 190,251,811 G2 Shares were voted, representing approximately 74.03% of all outstanding shares [2]. - The election of directors received significant support, with J. Patrick Sheridan receiving 99.21% approval and Daniel Noone receiving 96.69% [3]. - The approval for the spin-out plan was overwhelmingly supported, with 99.96% of votes cast in favor [3]. Spin-Out Update - The final court hearing for the spin-out approval is scheduled for December 3, 2025, and the completion is expected in Q1 2026, pending regulatory approvals [4]. - G2 will transfer its interests in non-core assets to a Guyanese subsidiary of G3 and provide approximately C$15 million in cash to meet G3's working capital needs [5]. Share Distribution - G2 shareholders will receive one G3 Share for every two G2 Shares held as of the effective date of the spin-out [5]. - Only shareholders of G2 as of the close of business on the effective date will be entitled to receive G3 Shares, with no change in their holdings in G2 as a result of the spin-out [5]. Company Overview - G2 Goldfields focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [7]. - The company announced an updated mineral resource estimate for the Oko property, highlighting significant inferred and indicated gold resources [7][11].

Core Insights - G2 Goldfields Inc. is advancing the Oko Gold Project in Guyana towards production, with an updated Mineral Resource Estimate (MRE) and a maiden Preliminary Economic Assessment (PEA) expected in November 2025 [1][2] - The Oko Project is a high-grade gold project with significant exploration activities aimed at resource growth and regional discovery [1][2] Corporate Update - The Oko Project is adjacent to the Oko West Project developed by G Mining Ventures Corp. G2 will publish its maiden PEA based on data from 666 diamond drill holes totaling 170,329 meters, with a cut-off date of August 31, 2025 [2] - The PEA will evaluate the economic viability of a standalone mining operation that includes multiple open pits and underground operations [2] - G2 is conducting additional environmental and geotechnical studies to support permitting activities for the Project [2] Spin-Out of G3 Goldfields Inc. - G2 will complete a spin-out of G3 Goldfields Inc., where G2 shareholders will receive one G3 share for every two G2 shares held as of the effective date [3] - G3's exploration portfolio includes three historical gold mines covering approximately 87,000 acres [3] - The spin-out is subject to regulatory and court approvals, as well as a two-thirds vote at the annual general meeting on November 27, 2025 [3] Near-Mine Resource Growth and Discovery Drilling Programs - In September, G2 conducted a comprehensive review of existing data and completed a drone-assisted geophysical survey over its 105,000-acre land package [4] - This review led to the identification of eight high-priority drill target areas for near-mine resource growth and discovery [4] Highlights of Upcoming Assessments - The maiden PEA is anticipated to be released in November, alongside the completion of the G3 spin-out in December [6] - Drilling is currently underway with multiple rigs testing new high-priority targets, including visible gold identified in two of five maiden drill holes in a new border zone [6] Target Areas for Drilling - **Target 1 - Border Zone**: Focuses on extensions of high-grade drilling intercepts by G Mining, with planned drilling of 7,400 meters [8] - **Target 2 - OMZ West**: Involves drilling to test shear zones with high-grade mineralization, with an initial program of 2,200 meters planned [12] - **Target 3 - High Hill**: Initial drilling has shown promising results, with a follow-up program of 1,060 meters planned [15] - **Target 4 - Oko North**: This area has indicated resources of 808,000 ounces and inferred resources of 513,500 ounces, with an 800-meter drill program planned [20] - **Target 5 - Birdcage**: A 1,700-meter drill program is planned to test the known strike extent of the shear structure [23] - **Target 6 - RED Zone**: Initial drilling has defined a shear zone over 300 meters, with further drilling planned [24] - **Target 7 - Sands**: An 800-meter diamond drill program is planned to explore a quartz vein exposed by artisanal mining [25] - **Target 8 - Aremu West**: Initial soil sampling has identified gold anomalies, with trenching planned to follow up [30] Company Overview - G2 Goldfields Inc. focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [33] - The updated MRE for the Oko property includes significant resources across various zones, indicating the project's potential [36][34][35]

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that it has completed the non-brokered private placement announced by the Company on September 11, 2025 (the “Offering”). The Offering consisted of 15,000,000 common shares of the Company (the “Shares”) at a price of C$3.30 per Share, for aggregate gross proceeds of C$49,500,000. The net pro ...