Great Pacific Gold Sells Lauriston Project for A$4m Plus A$2m in Contingent Payments While Retaining 2% NSR Royalty

About this update from Great Pacific Gold Corp.

[{"type":"text","content":"Great Pacific Gold Sells Lauriston Project for A$4m Plus A$2m in Contingent Payments While Retaining 2% NSR RoyaltyVancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) (\"Great Pacific Gold,\" \"GPAC,\" or the \"Company\") announces that it has entered into a tenement sale deed dated May 5, 2025 (the \"Definitive Agreement\") to sell its Lauriston Project1 in Victoria, Australia to ASX listed Adelong Gold Limited (\"Adelong\") (ASX: ADG) for A$2.5 million in non-contingent cash payments, A$2 million in contingent cash payments, and A$1.5 million in Adelong shares, while also retaining 2% Net Smelter Return (\"NSR\") royalty.Highlights:Lauriston Project sold for A$2.5 million in cash2, A$1.5 million in shares, a 2% NSR and A$2 million in future contingent cash payments.Divestitures of various assets in Australia have resulted in immediate cash in-flows to GPAC while the Company has also retained exposure to future upside through share positions and royalties.Additionally, as part of the broader divestiture process, GPAC shareholders are to receive shares in Walhalla Gold Corp. via the 1:1 Spin Out of the Walhalla Project announced last week.Greg McCunn, CEO of Great Pacific Gold states, \"The sale of Lauriston reflects our efforts over the past six months to create value for our shareholders from the Company's Australian assets. With the 1:1 spin out of Walhalla announced last week, our shareholders will benefit directly by receiving shares in an exciting new exploration company. With the transaction announced today with Adelong, our shareholders benefit from the Company receiving non-dilutive funding to put to work at both Kesar and Wild Dog in Papua New Guinea. Proceeds from these monetization efforts will be put to immediate use at Wild Dog, where GPAC will commence drilling imminently.\" GPAC Australian Asset DivestituresOver the last six months, the Company has divested its Australian exploration tenements. A summary of the outcomes is, as follows:GPAC shareholders to receive 1:1 share spin out of exciting new gold explorer, Walhalla Gold, focusing on exploring the district-scale Walhalla gold belt in Victoria, Australia including the drill-ready high-priority target at Pinnacles.GPAC holds strategic equity positions with substantial long-term upside:6....

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