Mr. Greg McCunn reports

GREAT PACIFIC GOLD ANNOUNCES CLOSING OF $20 MILLION PUBLIC OFFERING

Great Pacific Gold Corp. has closed its previously announced upsized public offering of 42.6 million units of the company at a price of 47 cents per unit for aggregate gross proceeds to the company of $20,022,000.

The offering was completed pursuant to an agency agreement dated March 27, 2026, among the company, Haywood Securities Inc., as lead agent and sole bookrunner, and including Canaccord Genuity Corp., Agentis Capital Markets (First Nations Financial Markets LP) and Paradigm Capital Inc.

Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company at a price of 70 cents per share until April 2, 2028.

The offering was conducted by way of a prospectus supplement dated March 27, 2026, to the company's base shelf prospectus dated March 19, 2026, filed in each of the provinces of Canada (excluding Quebec).

The net proceeds from the sale of units under the offering will be used to advance Great Pacific Gold's gold-copper projects in Papua New Guinea, as well as for general working capital and corporate purposes, as disclosed in the supplement.

In connection with the offering, the company paid and issued to the agents in aggregate a cash commission of $1,157,520 and compensation options to purchase up to 2,462,808 common shares of the company. Each compensation option is exercisable to acquire one compensation option share at the offering price until April 2, 2028.

About Great Pacific Gold Corp.

Great Pacific Gold's vision is to become the leading gold-copper development company in Papua New Guinea (PNG). The company has a portfolio of exploration-stage projects in PNG, as follows:

• Wild Dog project: The company's flagship project is located in the East New Britain province of PNG. The project consists of a large-scale epithermal target, the Wild Dog structural corridor, stretching 15 kilometres (km) in strike length, with geophysical data suggesting significant depth extent. The survey also highlighted the Magiabe porphyry target, adjacent to the epithermal target and potentially 1,000 metres (m) in diameter and over 2,000 metres deep. Drilling of the epithermal structure on the Sinivit target has yielded high-grade results, including WDG-08, which intercepted 8.4 metres at 50 grams per tonne (g/t) gold equivalent (AuEq) from 154 metres. The current drilling program will extend into 2026, with the second drill rig now operational.
• Kesar project: Located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc., the Kesar project is a greenfield exploration project with several high-priority targets in close proximity to the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation as key K92 deposits, such as Kora. Exploration work to date by the company at the Kesar project has shown that these veins have high grades of gold present in outcrop and very elevated gold-in-soil grades, coincident with aeromagnetic highs. The company conducted a diamond drill program on key target areas at the Kesar project from November, 2024, to May, 2025, and has developed a follow-up phase 2 program for 2026.
• Arau project: Also located in the Eastern Highlands province of PNG, the Arau project is south of and contiguous to the mine tenements of K92. Arau contains the highly prospective Mt. Victor exploration target with potential for a high-sulphidation epithermal gold-base metal deposit. A phase 1 reverse circulation drilling program was completed at Mt. Victor in August, 2024, with encouraging results. The Arau project includes the Elandora licence, which also contains various epithermal and copper-gold porphyry targets.

The company also holds the Tinga Valley project in PNG.

We seek Safe Harbor.