GFG Discovers District-Scale Gold System at Nahanni with High-Grade Intercepts up to 11.20 g/t Au in First-Pass Drilling

About this update from Gfg Resources, Inc.

SASKATOON, Saskatchewan, May 28, 2026 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to report assay results from its first-pass regional diamond drilling program at the Nahanni target (“Nahanni”) on the Company’s Goldarm Property in the Timmins Gold District of Ontario (See Figure 1). The 10-hole, approximately 3,000 metre (“m”) program tested three high-priority target areas along a 6-kilometre (“km”) segment of the Pipestone Deformation Zone (“PDZ”), marking the Company’s first regional drill campaign outside of the Aljo and Montclerg areas, delivering compelling evidence that Goldarm hosts meaningful discovery upside beyond its established core targets. Drilling intersected high-grade gold mineralization at all three target areas, including intervals above 5 grams of gold per tonne (“g/t Au”) and locally above 10 g/t Au, within broad zones of deformation, sulphidation, veining and strong alteration. These results validate GFG’s greenfield targeting model, confirm a large-scale mineralizing system associated with the PDZ, and materially enhance the broader exploration potential of the Goldarm Property. (See Table 1 and Figures 2 and 3). Highlights: Brian Skanderbeg, President and CEO of GFG stated, “These first-pass results from Nahanni represent an important breakthrough for GFG and validate our district-scale exploration strategy at Goldarm. We have now demonstrated that the Pipestone Deformation Zone is not only prospective in concept, but capable of delivering meaningful gold mineralization across a broad 6 km corridor and at multiple target areas. Intersecting high-grade gold within a broad mineralized and highly altered envelope in widely spaced first-pass drilling materially increases our confidence in the scale of the system and reinforces our view that Goldarm has the potential to emerge as a new discovery corridor in the Timmins camp. With an expanded land package, multiple active exploration programs and follow-up drilling already being planned, we believe GFG is well-positioned to generate a steady pipeline of catalysts and create significant value through discovery”. Nahanni First-Pass Drilling Confirms a Large-Scale Gold SystemThe Nahanni drill program was designed to test structurally favorable, greenfield targets generated through integrated geological interpretation, geophysics, st...

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