Mr. Matthew Turner reports

GGL RESOURCES CORP. OPTIONS COPPER-GOLD PROJECTS IN SW YUKON AND CONSOLIDATES COMMON SHARES

On July 20, 2026, GGL Resources Corp. has signed a two-staged option to acquire up to a 100-per-cent interest in the Hopper, Kluane, Batt and Moraine mineral properties from Strategic Metals Ltd. All four properties are strategically located on or near key infrastructure which includes roads, power and port facilities. There are no finders' fees associated with the option agreement.

Statement by Matt Turner, director and interim chief executive officer of GGL: "GGL is very pleased to announce the option to acquire [a] 100-per-cent interest in a group of properties which host a variety of deposit types, including copper-gold porphyry, skarn, VMS and high-grade epithermal gold targets. The property package is located in one of the lesser explored, but most favourably located, portions of the Yukon, along or close to road access, the power grid and a deepwater port of Haines and Skagway, Alaska. Furthermore, all of the properties in this agreement are located within the traditional territory of the Champagne Aishihik First Nation, and GGL looks forward to working with them as it advances these projects."

GGL can earn an initial 70-per-cent interest in the properties by completing all of the following by Dec. 31, 2029:

• Issuing one million postconsolidation GGL shares to Strategic on or before Oct. 31, 2026;
• Incurring $10-million in exploration expenditures on the properties as follows:
  • $2-million on or before Dec. 31, 2027;
  • $3-million on or before Dec. 31, 2028; and
  • $5-million on or before Dec. 31, 2029;
• Included in the initial $2-million exploration expenditure requirement is the reimbursement to Strategic of up to $250,000 related to a 2026 exploration program on the properties.

GGL can acquire an additional 30-per-cent interest in the properties for a total interest of 100 per cent by making an additional payment to Strategic of $3-million on or before the earlier of: (i) March 31, 2030; and (ii) 90 days following the exercise of the first option.

Following the exercise of the second option, Strategic will retain a 2-per-cent net smelter return royalty interest in all future commercial production of all commodities from the properties. GGL will assume Strategic's rights, duties and obligations in respect of the Kluane royalty after the exercise of the second option. GGL assumes no other rights, duties or obligations on any of the other properties except those in the normal course of business for an exploration company. GGL will have the right to purchase one-half of the Strategic royalty interest for $3-million at any time prior to the commencement of commercial production from any of the properties.

If GGL elects to exercise the first option only, GGL and Strategic will form a 70/30 joint venture to explore and develop the properties.

This transaction is subject to: (i) GGL completing a share consolidation at a ratio equal to four preconsolidation common shares for one postconsolidation common share; and (ii) each of GGL and Strategic obtaining shareholder approval and TSX Venture Exchange acceptance of the transaction.

The transaction requires the approval of the disinterested shareholders of each of Strategic and GGL at a special meeting of shareholders as Strategic currently holds 30.35 per cent of the GGL issued share capital and the transaction is a related-party transaction as defined in Multilateral Instrument 61-101 and the TSX Venture Exchange policies. The special meeting of the shareholders of each company will be held on Aug. 31, 2026.

Hopper property

Strategic holds a 100-per-cent interest in the Hopper property, a copper-gold exploration project located in southwestern Yukon. The property is composed of 365 quartz mining claims and is accessible through a network of existing roads and trails. It is situated approximately 22 km north of the Otter Falls hydroelectric generator and 320 km from the deep-sea port of Haines, Alaska.

The project hosts both copper-gold skarn and porphyry-style mineralization within the Dawson Range copper-gold belt. Exploration programs including geological mapping, soil geochemical surveying, airborne and ground geophysical surveying, trenching, and diamond drilling have identified multiple copper-gold targets associated with a large hydrothermal system. A 3,600-metre-by-1,000-metre copper-in-soil anomaly encompasses the principal Copper Castle, Northern Skarn and Hopkins North targets.

The Copper Castle target comprises at least 11 stacked copper-gold skarn horizons that have been partially delineated over approximately 1,200 m of strike length and a vertical extent of 425 m. Drilling confirmed continuity of mineralization along strike and at depth, with intercepts including 1.87 per cent copper and 1.04 grams per tonne gold over 15.27 metres in hole HOP22-03 and 1.41 per cent Cu and 0.53 g/t Au over 22.28 m in hole HOP-21-DDH-01. The skarn system remains open along strike and downdip.

The Northern Skarn target hosts skarn-style mineralization similar to the Copper Castle system, but has received only limited exploration.

The Hopkins North target comprises porphyry-style copper-gold-molybdenum mineralization associated with a hydrothermal alteration system measuring approximately 650 m by 2,300 m. The target lies within the late Cretaceous Hopper pluton, a granodiorite intrusion emplaced during the same metallogenic episode responsible for the Casino copper-gold porphyry deposit. Diamond drilling intersected broad intervals of copper mineralization, including 0.22 per cent Cu over 114.38 m in hole HOP-21-DDH-06 from surface and 0.17 per cent Cu over 162.85 m in hole DDH-15-05. Despite its size and extent, the target remains largely untested by drilling. For more information, please see the Hopper property technical report filed on SEDAR+ dated Dec. 11, 2025, written by Jean Pautler, PGeo.

Kluane property

Subject to a 1-per-cent net smelter return royalty interest held by an arm's-length third party, Strategic holds a 100-per-cent interest in the Kluane property, a gold exploration property located 46 km north of Haines Junction, Yukon. The property is composed of 245 quartz mining claims.

The Kluane property hosts multiple high-grade gold-bearing quartz-carbonate vein systems within metamorphic rocks of the Kluane schist and associated intrusive rocks of the Ruby Range suite. Gold occurs as native gold and in association with arsenopyrite. Exploration to date has identified numerous gold-bearing vein zones through prospecting, geochemical surveying, geophysical surveying, trenching and diamond drilling, including the Rikus, Ross, Malou and Delor zones.

Chip sampling from multiple mineralized exposures along a 400-metre section of the Rikus zone returned an average grade of 3.85 g/t Au over 2.76 m, including a best result of 7.36 g/t Au over 9.5 m. Drill intercepts include up to 5.32 g/t Au over 2.75 m. Additional soil geochemical and geophysical anomalies remain only partially tested.

Batt property

Strategic holds a 100-per-cent interest in the Batt property, a copper-cobalt-gold exploration project located 68 kilometres south of Haines Junction, Yukon. The property is composed of 52 quartz mining claims and encompasses prospective volcanic and sedimentary rocks of the Wrangellia terrane that hosts volcanogenic massive sulphide and structurally controlled mineralization.

Exploration to date has identified multiple mineralized zones through geological mapping, prospecting, geochemical surveying and trenching. Trench and surface sample results include 0.71 per cent copper, 0.21 per cent cobalt and 1.18 g/t gold over 5.7 m; 8.72 per cent Cu, 0.05 per cent Co and 19.9 g/t Ag over 1.0 m; and 2.18 per cent Co with 2.37 g/t Au over 0.5 m (Strategic news release dated Nov. 30, 2022). Soil geochemical surveys have also outlined several untested multielement anomalies across the Batt property.

Moraine property

Strategic holds a 100-per-cent interest in the Moraine property, a copper-gold-silver-molybdenum-tungsten exploration property located 90 km west-northwest of Whitehorse, Yukon. The property is composed of 102 quartz mining claims within the Dawson Range gold belt and hosts skarn and vein-style mineralization with the potential for an associated porphyry system.

Exploration to date has identified two copper-gold-silver skarn zones and a nearby gold-bearing quartz vein through geological mapping, geochemical surveying and trenching. Reported results include up to 2.1 g/t Au, 425 g/t Ag and 7.22 per cent Cu from the South skarn, and 13.7 g/t Au from quartz vein float. Geophysical surveys and soil geochemical sampling have also outlined numerous untested anomalies across the property.

Qualified persons

Technical information in this news release has been approved by Matthew R. Dumala, PEng. an independent consultant and qualified person for the purpose of National Instrument 43-101.

Consolidation of the company's common shares

The board of directors has approved an alteration to the company's share structure by consolidating all of the company's issued and outstanding shares on the basis of one new common share for four old common shares. The share consolidation will reduce the 104,357,475 shares of the company currently issued and outstanding to approximately 26,089,368 shares. No fractional shares will be issued. Any fraction of a share will be rounded down to the nearest whole number of common shares.

About GGL Resources Corp.

GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of underevaluated mineral assets in politically stable, mining-friendly jurisdictions. The company owns the McConnell project, which hosts mesothermal gold veins and an underexplored porphyry copper-gold prospect in the Kemess district of north-central British Columbia. The company has optioned the vein portion of its 100-per-cent-owned and optioned claims in the Gold Point district of the prolific Walker Lane trend, Nevada. The Gold Point claims cover several gold-silver veins, five of which host past-producing high-grade mines, as well as an exciting new Cu-Mo-Au porphyry target. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kue diamond mine and southwest of the Ekati diamond mine in the Northwest Territories.

We seek Safe Harbor.