G2 Goldfields provides comments on recent trading activity

G2 Goldfields (GUYGF) provided further details on recent trading activity in the Company’s common shares, as well as provide a general corporate update on near-term catalysts and deliverables. On July 8, 2025, a total of over 36M common shares of the Company traded on the Toronto Stock Exchange and the OTCQX, representing over 15% of the current issued and outstanding G2 Shares. On July 9, 2025, AngloGold Ashanti Holdings (AU) announced that it disposed of its share holdings in the Company, representing approximately 14.95% of G2’s issued and outstanding common shares. The G2 Shares previously held by Anglo were placed with two large European investors. A total of 23 million G2 Shares or approximately 9.5% of the issued and outstanding G2 Shares were placed with one investor, with the balance of the Anglo position placed with another investor. In addition, the Company provided an update with respect to the proposed spin-out of G3 Goldfields. On March 18, 2025, G2 announced the discovery of a new zone of gold mineralization on certain properties to be transferred to G3 pursuant to the proposed Spin-Out. Subsequently, G2 extended the outside date for the completion of the proposed Spin-Out to June 30, 2025, in accordance with the terms of the arrangement agreement with G3. The New Oko Discovery has led to a management review of both “core” and “non-core” assets within the G2 property portfolio, and the New Oko Discovery as well as certain on-strike properties are currently considered by the Company to be “core” assets. The Company has terminated the Arrangement Agreement as it continues to evaluate the reorganization of its portfolio of properties to further optimize shareholder value. The Company anticipates providing an update to shareholders in August 2025 and completing any proposed spin-out of its non-core assets in Q4 2025, subject to shareholder and regulatory approvals.