Mr. Matthew Turner reports

GGL RESOURCES CORP. AND STRATEGIC METALS LTD. PROPERTY TRANSACTION APPROVED

GGL Resources Corp. has received final TSX Venture Exchange acceptance of the Yukon copper-gold properties transaction with Strategic Metals Ltd. The property transaction was announced on July 27, 2026, and required the approval of the disinterested shareholders of both GGL and Strategic as the transaction was considered a related party transaction as defined in Multilateral Instrument 61-101 and the exchange policies. Disinterested GGL and Strategic shareholder approvals were obtained at their respective annual general and special meetings held on Aug. 31, 2026.

As part of its exchange acceptance, GGL has completed a share consolidation at a ratio equal to one postconsolidation GGL common share for four preconsolidation GGL common shares.

Under the terms of the property transaction, GGL has the right to acquire up to 100-per-cent interest in the Hopper, Kluane, Batt and Moraine mineral properties in southwestern Yukon. GGL can earn an initial 70-per-cent interest in the properties by completing all of the following by Dec. 31, 2029:

• Issuing one million postconsolidation GGL shares to Strategic on or before Oct. 31, 2026;
• Incurring $10-million in exploration expenditures on the properties as follows:
  • $2-million on or before Dec. 31, 2027;
  • $3-million on or before Dec. 31, 2028;
  • $5-million on or before Dec. 31, 2029;
• Included in the initial $2-million exploration expenditure requirement is the reimbursement of Strategic of up to $250,000 related to a 2026 exploration program on the properties.

GGL can acquire an additional 30-per-cent interest in the properties for a total interest of 100 per cent by making an additional payment to Strategic of $3-million on or before the earlier of: (i) March 31, 2030; and (ii) 90 days following the exercise of the first option.

Following the exercise of the second option, Strategic will retain a 2-per-cent net smelter return royalty interest in all future commercial production of all commodities from the properties. GGL will have the right to purchase one-half of the Strategic royalty interest for $3-million at any time prior to the commencement of commercial production from any of the properties.

If GGL elects to exercise the first option only, GGL and Strategic will form a 70/30 joint venture to explore and develop the properties.

About GGL Resources Corp.

GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of under evaluated mineral assets in politically stable, mining-friendly jurisdictions. The company owns the McConnell project, which hosts mesothermal gold veins and an underexplored porphyry copper-gold prospect in the Kemess district of north-central British Columbia. The company has optioned the vein portion of its 100-per-cent-owned and optioned claims in the Gold Point district of the prolific Walker Lane trend, Nevada. The Gold Point claims cover several gold-silver veins, five of which host past-producing high-grade mines, as well as an exciting new copper-molybdenum-gold porphyry target. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kue diamond mine and southwest of the Ekati diamond mine in the Northwest Territories.

We seek Safe Harbor.