Mr. Greg McCunn reports

GREAT PACIFIC GOLD PROVIDES MANAGEMENT AND BOARD UPDATE

Great Pacific Gold Corp. has appointed Jason Gregg to its board of directors. In addition, Mr. McCunn will assume the role of executive chair of the board and current board chair, Charles Hethey, will remain as director and corporate secretary.

These changes strengthen the independence of Great Pacific's board and broaden the board's skill set, particularly with respect to corporate governance and compensation. In conjunction with Mr. Gregg's appointment, the board has formed a compensation, nominating and governance committee (the CNGC) to be chaired by Mr. Gregg. The company has also updated its suite of governance policies in line with industry best practices which can be found on the company's website. Great Pacific Gold's board now consists of:

Greg McCunn, executive chair -- BASc, metallurgical engineering, MBA. Former chief executive officer at Alio Gold and Galiano Gold. Record of financing and building mines. 30 years of experience in mining.

Charles Hethey, director and corporate secretary -- securities lawyer in British Columbia and New York. Numerous clients in mining, energy, and oil and gas.

Robert McMorran -- independent director -- chartered professional accountant. 35 years of experience in the mining industry. Founder Malaspina Consultants. Held numerous chief financial officer roles.

Chris Muller -- independent director -- BASc, geology, PhD. Over 20 years of experience in Papua New Guinea, Ghana, Mongolia, China and Thailand. Formerly vice-president of exploration K92 Mining and currently chief executive officer Tolu Minerals.

Jason Gregg -- independent director -- BBA, MBA. Human resource professional with over 25 years experience in mining and forest products. Compensation and corporate governance specialist.

Following his election to the board at the company's last annual general meeting, Alex Heath will assume the role of chief executive officer and director of the company. The company's current vice-president, exploration, Callum Spink, will be promoted to chief operating officer and vice-president, exploration, and assume responsibility for all operating and technical functions of the company. Sam Wong, who is currently the company's financial reporting advisor, will be appointed as chief financial officer. Mr. Spink and Mr. Heath will continue to report to Greg McCunn, executive chair, and the board of directors. All changes and appointments have been made effective Aug. 1, 2026.

"We are pleased to add Jason to our board, rounding out the board's skill set and improving the board's independence," stated Greg McCunn, executive chair. "The promotion of Callum and Alex reflect the level of commitment both have made to the company in the past 18 months. With over $22-million in cash and two rigs operating on multiple high-priority targets, the company is well placed to unlock tremendous value from our flagship Wild Dog project in East New Britian province, Papua New Guinea."

Long-term incentive grants

The company also announces that, pursuant to its annual long-term incentive plan, the board of directors has granted 725,000 incentive stock options and 565,000 restricted share units (RSUs) to certain officers, directors, key employees and consultants.

The options are exercisable at a price of 45 cents per common share for a period of five years from the date of grant. Each RSU entitles the holder to receive one common share of the company upon vesting and expires three years from the date of grant. Both the options and RSUs vest 50 per cent on the first anniversary of the date of grant and the remaining 50 per cent on the second anniversary of the date of grant.

About Great Pacific Gold Corp.

Great Pacific Gold's vision is to become the leading gold-copper development company in Papua New Guinea (PNG) by focusing on its flagship Wild Dog project.

Wild Dog is located on the island of New Britain in the East New Britain province of PNG. The project consists of a large-scale epithermal target, the Wild Dog structural corridor, stretching 15 kilometres in strike length and potentially over 1,000 metres deep based on historical exploration work, recent field exploration work, drilling by the company and MobileMT geophysics, and lidar (light detection and ranging) surveys of the property completed in 2025. The epithermal targets have yielded numerous high-grade gold-copper drill results. The company has a drilling crew with two diamond drill rigs on the property focused on building resources, as well as a field exploration crew working on advancing a pipeline of targets. Wild Dog also has district-scale porphyry potential with the high-priority Magiabe porphyry target, adjacent to the epithermal corridor.

In addition, the company holds a portfolio of other projects in PNG including strategic land positions in the Kesar and Arau projects, both located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc. The company also holds the Tinga Valley project in western PNG.

An anonymous director reports