G2 Goldfields Shareholders Approve Transaction With G Mining and G3 Goldfields Spin-Out

About this update from G2 Goldfields, Inc.

TORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that the Company’s shareholders approved the plan of arrangement (the “Arrangement”) involving G2, G Mining Ventures Corp. (“GMIN”) and G3 Goldfields Inc. (“G3”), pursuant to which, among other things, GMIN will acquire all of the issued and outstanding common shares of G2 (the “G2 Shares”) and G2 will complete a spin-out transaction with G3 (the “Spin-Out”). The vote was passed at G2’s special meeting of shareholders (the “Meeting”) held earlier today. Voting Results A total of 208,496,197 G2 Shares were voted in person or represented by proxy at the Meeting, representing approximately 80.61% of the votes attached to all the outstanding G2 Shares as at the record date of the Meeting. The report of voting results will be made available under the Company’s profile on SEDAR+ (www.sedarplus.ca). The closing of the Arrangement is expected to occur in July 2026 (such date to be announced by the Company and referred to herein as the “Effective Date”), subject to the satisfaction or waiver of the remaining customary closing conditions, including receipt of the approval of the Ontario Superior Court of Justice (Commercial List). G2 shareholders will be entitled to receive 0.212 of a GMIN common share and 0.5 of a G3 common share for each G2 Share held as of the close of business on the business day immediately prior to the Effective Date (the “Consideration”). Additional details of the Arrangement are more fully described in the management information circular of the Company dated May 12, 2026 (the “Circular”), which is available under G2’s profile on SEDAR+ at www.sedarplus.ca. 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 Sh...

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