G2 Goldfields Drilling Continues To Expand High-Grade Gold Resource At OKO

(MENAFN- GlobeNewsWire - Nasdaq)

• Drilling intersects new gold mineralisation south of existing pit shells, including a high-grade intercept of 39.3 g/t Au over 2.7m and 2.1 g/t Au over 30m.
  
• Significant gold mineralisation intercepted down-plunge of current gold resource including 4.0 g/t Au over 23.5m within 2.4 g/t Au over 50m.
  
• Major drill program initiated with five rigs committed to expanding gold zones.
• Greenfields exploration ongoing with assays pending from new target areas.
  

TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“ G2” or the“ Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce new assay results from the Company's ongoing diamond drill program at the OKO Project, Guyana (“ OKO” or the“ Project”). In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“ PEA”) [see press release dated December 18, 2025]. The PEA outlined a combined open pit and underground operation with a 14-year mine life with total gold production estimated at 3.2 million ounces at all-in sustaining costs1 (“ AISC”) of US$1,191 per ounce. Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana's economy through payments of royalties, taxes, and employment opportunities.

Assay results are reported hereunder for 16 new diamond drill holes totalling 5,997 metres (“m”). Highlights of the results are compiled in Table 1, with a complete table of results available here

Table 1 – Highlights of Drilling Results: Border/Ghanie Gold Zones

DRILL HOLE		FROM (METRES)	TO (METRES)	INT. (METRES)	GRADE (G/T AU)	GRADE x DH WIDTH
GDD247		58.5	88.5	30.0	2.1	61.8
GDD251A		151.0	161.5	10.5	2.6	27.6
GDD251A		222.5	242.0	19.5	2.3	44.9
GDD251A		268.4	290.7	22.3	1.1	23.5
GDD256A 2		862.0	912.0	50.0	2.4	120.4
Incl.		862.0	885.5	23.5	4.0	95.0
GDD258		185.5	188.2	2.7	39.3	106.6
GDD260 2		533.0	538.0	5.0	5.5	27.3
GDD262 3		333.5	352.0	18.5	2.1	38.2

^{Notes to Table 1: The intercepts reported are down-hole widths. True widths are estimated between 62% and 98% of reported down-hole widths. Gold grades are uncapped.}

^{2 Additional assays pending.
3 Additional assays pending. Standard Failure in min zone.}

Figure 1 – District Plan View of Targets

All of the drill holes, with the exception of hole GDD256A, targeted the“Border Zone” area located south of the Ghanie open pit shell, as defined in the PEA. The program successfully intercepted near-surface gold mineralisation in hole GDD247, which returned 30.0m @ 2.1 g/t Au from 58.5m downhole, as well as deeper gold mineralisation encountered in hole GDD260, which assayed 5.5 g/t Au over 5.0m from 533m downhole. Multiple gold intercepts occurred in several of the drill holes at more moderate depths, with hole GDD251A returning 10.5m at 2.6 g/t Au, 19.5m at 2.3 g/t Au and 22.3m at 1.1 g/t Au. Exceptionally high-grade gold was intercepted in hole GDD258, which returned 39.3 g/t Au over 2.7m.

Figure 2 –Ghanie/Border Deposit Oblique View Long Section

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