GFG Exercises its Option and Earns 100% in the 6,500-Hectare WWCC Property in the Prolific Timmins Gold District

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GFG Exercises its Option and Earns 100% in the 6,500-Hectare WWCC Property in the Prolific Timmins Gold District SASKATOON, Saskatchewan, April 13, 2026 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has completed its obligations pursuant to its previously announced definitive agreement (the “Agreement”) with International Explorers and Prospectors Inc. (“IEP”) to acquire a 100% interest in the 6,500-hectare WWCC Property (“WWCC”) (see April 2022 news release: “GFG Significantly Expands Presence East of the Prolific Timmins Gold District by Adding 13,300 Hectares”), subject to certain pre-existing encumbrances (the “Encumbrances”). WWCC forms part of GFG’s now 100% owned Goldarm Property. The consolidated Goldarm Property consists of over 15,000 hectares and covers over 30 kilometres (“km”) of the prospective Pipestone and North Pipestone deformation zones which hosts multiple gold deposits and mines in one of the most prolific gold districts in the world (See Figures 1-2). Pursuant to the Agreement, GFG issued its final share payment of 1,665,556 common shares of the Company to IEP, exceeded the C$2.0 million in exploration expenditures and transferred C$400,000 in assessment credits to IEP. IEP will retain a net smelter royalty of up to 2% on certain claims (of which 1% may be repurchased by the Company for C$1.0 million). The common shares issued to IEP are subject to a statutory hold period expiring on August 10, 2026. Brian Skanderbeg, President and CEO of GFG, commented, “The consolidation of the Goldarm Property, including WWCC, represents a significant milestone in advancing our vision to discover the next Timmins gold mine. District-scale consolidation opportunities in a proven gold camp are rare, and we believe this underexplored region holds exceptional discovery potential. “Strategically located along major structural corridors and near four mills and multiple producing gold mines, Goldarm provides a clear strategic and operational advantage. With over 30 kilometres of prospective strike length, we are well positioned to execute our regional exploration strategy and systematically unlock value across the district. “Over the past year, we ha...

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