Mr. Daniel Noone reports

G2 GOLDFIELDS RECEIVES COURT APPROVAL FOR ARRANGEMENT WITH G MINING AND SPIN-OUT OF G3 GOLDFIELDS

The Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with G2 Goldfields Inc.'s plan of arrangement involving G2, G Mining Ventures Corp. and G3 Goldfields Inc., whereby G Mining will, among other things, acquire all of the issued and outstanding common shares of G2 and G2 will complete the spinout of G3. 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.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the arrangement is expected to close in July, 2026 (such date to be announced by the company and referred to herein as 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.

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+. Shareholders are reminded to review the circular in respect of the procedure for receiving the consideration for their G2 shares following the effective date. Registered shareholders (your G2 shares are held in physical form or you have a direct registration system (DRS) advice) must complete, sign and return the letter of transmittal, along with their share certificate(s) or DRS advice(s), to TSX Trust Company, the depositary for the arrangement. Non-registered shareholders (your G2 shares are held with a broker, bank or other intermediary) should contact their intermediaries for instructions and assistance in receiving the consideration for such G2 shares, which are expected to be distributed to the applicable intermediaries through CDS Clearing and Depository Services Inc. within approximately three business days following the effective date.

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

About G2 Goldfields Inc.

G2 Goldfields finds and develops gold deposits in Guyana. The founders and principals of the company have been directly responsible for the discovery of more than 11 million ounces of gold in the prolific and underexplored Guiana Shield. G2 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 (chief executive officer of G2 Goldfields), a qualified person within the meaning of National Instrument 43-101. Dan Noone, BSc (geology), MBA, is a fellow of the Australian Institute of Geoscientists.

We seek Safe Harbor.