Mr. Justin van der Toorn reports

GREENHEART GOLD ANNOUNCES CLOSING OF ITS PREVIOUSLY ANNOUNCED C$59,850,000 NON-BROKERED PRIVATE PLACEMENT OF COMMON SHARES

Greenheart Gold Inc. has completed its previously announced non-brokered private placement, issuing 59.85 million common shares of the company at a price of $1 per share for aggregate gross proceeds of $59.85-million.

As part of the offering, La Mancha Investments S.a.r.l. acquired 35,496,402 shares of the company and now holds 19.9 per cent of the company's 214,203,038 issued and outstanding Shares. G Mining Ventures Corp. acquired 6,404,215 shares through its wholly owned subsidiary, G Mining Guyana Corp., and maintains its 10.5-per-cent ownership interest in the company.

Pursuant to an investor rights agreement entered into today between Greenheart Gold and La Mancha in connection with the offering, so long as La Mancha and its affiliates hold not less than 10 per cent of the then issued and outstanding common shares of the company, La Mancha will, among other things, have the right to: (i) nominate one director to Greenheart Gold's board of directors; (ii) participate in future equity financings to maintain its relative equity ownership; and (iii) appoint one technical representative to participate as a member of the company's technical advisory group.

Justin van der Toorn commented: "We are very pleased that La Mancha, a knowledgeable and supportive strategic shareholder, has elected to increase its ownership of Greenheart Gold to 19.9 per cent and that G Mining has maintained its 10.5-per-cent interest in the company. We are also grateful for the continued support of our other significant shareholders who have participated alongside La Mancha and G Mining in this financing. We view our strong and supportive shareholder base as a key strategic advantage for the company. The strengthening of our treasury positions us well to carry out a multiyear exploration strategy in both Suriname and Guyana, in addition to funding our current drill programs at Majorodam and Igab in Suriname, and our planned drilling program at Tosso Creek, anticipated to start in Q3 2026."

The shares issued under the offering are subject to a hold period expiring on Aug. 31, 2026. Finders' fees totalling $45,900 were paid in connection with the offering. The company intends to use the net proceeds of the offering for exploration work on its projects in Suriname and Guyana, potential new acquisitions in the Guiana Shield and exploration work thereon, as well as working capital and general corporate purposes.

Insiders of the company, including G Mining, directly or indirectly acquired 6,549,215 shares in the offering. The issuance of shares to insiders is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves each interested party, does not exceed 25 per cent of the company's market capitalization.

About Greenheart Gold Inc.

Greenheart Gold is an exploration company that builds on a proven legacy of discoveries within the Guiana Shield, a highly prospective geological terrain that hosts numerous gold deposits yet remains relatively underexplored. The company is led by former executives and members of the exploration group of Reunion Gold, a team that was most recently noted for the discovery and delineation of the multimillion-ounce Oko West deposit in Guyana. Greenheart Gold is building on its management's technical knowledge, strong contact base and previous success from exploring in the Guiana Shield to assemble, maintain and explore a portfolio of early-stage exploration projects in Guyana and Suriname that are prospective for orogenic gold deposits.

We seek Safe Harbor.