GFG Significantly Expands Goldarm Property Following Encouraging Regional Exploration Results in the Timmins Gold District

About this update from Gfg Resources, Inc.

SASKATOON, Saskatchewan, May 04, 2026 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to announce that it has staked 474 additional mineral claims (the “New Claims”) at its 100% owned Goldarm Property (the “Property” or “Goldarm”) in the Timmins Gold District, Ontario (see Figures 1 & 2). The newly staked claims represent a meaningful expansion of GFG’s land position along key structural corridors and are directly supported by encouraging preliminary results from the Company’s regional sonic drilling program, combined with geochemical, geophysical, and structural interpretations. Key Highlights Management Commentary “The addition of these claims represents an important strategic step in consolidating our district-scale land position in the Timmins Gold Camp,” stated Brian Skanderbeg. “Acquiring new areas through staking remains the most cost-effective way to grow a company’s footprint, and these claims meaningfully enhance our position across Goldarm. Importantly, this expansion is being driven by encouraging early results from our regional sonic program and integrated geological interpretations, which continue to highlight new areas of interest across the Property. We believe this positions GFG with a strong pipeline of discovery opportunities, while advancing other brownfield targets such as Aljo toward resource-scale definition. As we continue drilling at Aljo through the second quarter, we look forward to assay results from our initial testing of the Nahanni target along the Pipestone Fault Zone.” Strategic Rationale The New Claims were staked following encouraging preliminary results from GFG’s ongoing regional sonic BOT drilling program, designed to systematically evaluate covered portions of the Property along key structural corridors. A total of 82 sonic holes have been completed across the Property, including: The program was designed with wide spacing to efficiently vector toward bedrock gold sources across underexplored areas of the district. Initial results, when integrated with geochemical, geophysical, and structural datasets, have highlighted multiple areas of interest associated with the interaction of NE-oriented structural corridors, favorable mafic volcanic stratigraphy, and prospective intrusive corridors—a geological setting consistent with gold mineralization elsewhere in the ...

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