Mr. Daniel Noone of G2 Goldfields reports

G MINING AND G2 GOLDFIELDS PROVIDE UPDATE ON ARRANGEMENT WITH G MINING AND SPIN-OUT OF G3 GOLDFIELDS

G Mining Ventures Corp. and G2 Goldfields Inc. have provided an update with respect to the proposed plan of arrangement involving G2, G Mining and G3 Goldfields Inc., whereby G Mining will, among other things, acquire all of the issued and outstanding G2 shares and G2 will complete the spinout of G3. The parties are actively working through the remaining closing conditions, which are expected to be completed by the end of July, 2026. Closing of the arrangement will follow shortly thereafter (such date to be announced by the company and referred to herein as the effective date).

Louis-Pierre Gignac, chief executive officer, president and director of G Mining, stated, "We remain fully committed to closing the acquisition and creating a Tier 1 gold mining hub in Guyana and one of the largest, lowest-cost gold operations in the Americas."

Pursuant to the arrangement, holders of G2 shares will receive 0.212 of a common share of G Mining and 0.5 of a common share of G3 for each G2 share held as of the close of business on the business day immediately prior to the effective date.

Following closing of the arrangement, the G2 shares are expected to be delisted from the Toronto Stock Exchange and will cease to be quoted on the OTCQX. G2 will also apply to cease to be a reporting issuer under applicable Canadian securities laws.

G3 has applied to list the G3 shares for trading on the Canadian Securities Exchange following completion of the arrangement, and listing is subject to G3 meeting the listing requirements of the CSE.

Additional details of the arrangement are more fully described in the management information circular of the company dated May 12, 2026, which is available under G2's profile on SEDAR+.

About G Mining Ventures Corp.

G Mining Ventures is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. G Mining is well positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. G Mining is currently anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho gold mine and the Gurupi project as well as Guyana with the Oko West project. G Mining trades on the TSX under the symbol GMIN.

About G2 Goldfields Inc.

G2 Goldfields finds and develops gold deposits in Guyana. The founders and principals of G2 Goldfields have been directly responsible for the discovery of more than 11 million ounces of gold in the prolific and underexplored Guiana Shield. G2 Goldfields continues this legacy of exploration excellence and success. Total combined open-pit and underground resources across all five discoveries to date include:

• 1,910,300 ounces gold inferred contained within 17.97 million tonnes at 3.31 grams per tonne gold;
• 1,620,600 ounces gold indicated contained within 15,571,000 tonnes at 3.24 grams per tonne gold.

The mineral resource was prepared by Micon International Ltd. with an effective date of Nov. 20, 2025. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.

All scientific and technical information in this news release has been reviewed and approved by Dan Noone, BSc (geology), MBA, chief executive officer of G2 Goldfields and a qualified person within the meaning of National Instrument 43-101. Mr. Noone is a fellow of the Australian Institute of Geoscientists.

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