Mr. Greg McCunn reports

GREAT PACIFIC GOLD ANNOUNCES CLOSING OF UPSIZED $16.9 MILLION PRIVATE PLACEMENT FINANCING LED BY CANACCORD GENUITY CORP

Great Pacific Gold Corp. has closed the previously announced brokered private placement offering for gross proceeds of $16,944,840. The offering was conducted by Canaccord Genuity Corp., as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Haywood Securities Inc., Clarus Securities Inc. and Cormark Securities Inc.

In connection with the offering, the company issued 37,655,200 units of the company at a price of 45 cents per unit. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at an exercise price of 70 cents per warrant share for a period of three years following closing of the offering.

The units were offered pursuant to Part 5A.2 of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and in certain other jurisdictions outside of Canada pursuant to applicable exemptions from prospectus or registration requirements, and the securities issued under the offering are not subject to a hold period in Canada.

The net proceeds from the sale of the units will be used for drilling at the Wild Dog project, for additional exploration activities in Papua New Guinea, and for general and administrative expenses and working capital purposes, all as further described in the amended and restated offering document of the company dated June 24, 2025, and filed on the company's profile on SEDAR+.

In consideration for the services rendered in connection with the offering, the agents received a cash fee equal to 6.0 per cent of the gross proceeds of the offering and were granted non-transferrable broker warrants in such number equal to 6.0 per cent of the number of units sold pursuant to the offering. Each broker warrant entitles the holder thereof to purchase one common share at an exercise price of 45 cents per broker warrant share for a period of two years following closing of the offering. The broker warrants and underlying broker warrant shares will be subject to a statutory hold period until Nov. 4, 2025.

About Great Pacific Gold Corp.

Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea. The company is focused on developing gold-copper resources from its highly prospective land packages. Its core projects include:

• Kesar project: Located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc., the Kesar project is a greenfield exploration project with several high-priority targets near the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation as key K92 deposits, such as Kora. Exploration work to date by the company at the Kesar project has shown that these veins have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs. The company conducted a diamond drill program on key target areas at the Kesar project from November, 2024, to May, 2025.
• Wild Dog project: Located in the East New Britain province of PNG, the Wild Dog project is a brownfield exploration project with a history of small-scale gold mining. The Wild Dog project contains numerous epithermal and porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The company completed a road refurbishment in August, 2024, and baseline environmental work in fourth quarter 2024. In first quarter 2025, the company began preparing for a drilling program with camp and infrastructure being established, an airborne geophysics (MobileMT) survey completed, and a geological team in place. A first phase of diamond drilling is under way on the property.
• Arau project: Located in the Eastern Highlands province of PNG, the Arau project contains the highly prospective Mount Victor exploration target with potential for a high-sulphidation epithermal gold-base metal deposit. A phase 1 reverse circulation drilling program was completed at Mount Victor in August, 2024, with encouraging results. The Arau project includes the Elandora licence, which also contains various epithermal and copper-gold porphyry targets.

The company also holds the Tinga Valley project in PNG.

We seek Safe Harbor.