Mr. Bob Bass reports

GETCHELL GOLD CORP. ANNOUNCES 93.7% TOTAL DEBENTURE CONVERSION

Further to the news release dated June 16, 2025, Getchell Gold Corp. has closed the second and final tranche of its debenture conversion and converted outstanding debentures in the principal amount of amount of $475,000, together with accrued interest of $69,953.20, into units of the company.

Key highlights:

• $4,087,888 conversion of principal debenture in total;
• 93.7-per-cent debenture conversion rate; and
• Vast majority of company debt extinguished significantly strengthens balance sheet.

"The almost complete reduction of debt dramatically improves the company's financial foundation and its attractiveness for investment. With the recent close of a $4-million financing, the forthcoming drill program designed to expand the resource at the Fondaway Canyon gold project in Nevada and a robust gold market, the company is well positioned for significant growth. We look forward with earnest as to what will unfold through this year," stated Bob Bass, chairman.

Debentureholders participating in the final tranche of the debenture conversion voluntarily agreed to convert their debentures and accrued interest in exchange for an aggregate of 2,724,766 units. Each unit is composed of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of 30 cents per share until June 25, 2028.

In connection with this tranche, the company has also accelerated the vesting of 1,025,000 previously issued debenture warrants.

Together with the first tranche of the debenture conversion, which closed on June 13, 2025, debentures in the aggregate principal amount of $4,087,888, representing a 93.7-per-cent conversion rate, and accrued interest of $613,794.20 have been converted into a total of 23,508,412 units. The conversion of the vast majority of the debentures generates the immediate positive impact of reducing risk, improving confidence and strengthening the balance sheet, thereby providing a stronger foundation for value accretion in the future.

Debentures in the principal amount of $275,430 remain outstanding, and the terms of the debentures held by non-converting debentureholders remain unchanged.

All securities issued under the final tranche of the debenture conversion are subject to a four-month hold period, expiring on Oct. 26, 2025, in accordance with applicable Canadian securities laws.

About Getchell Gold Corp.

The company is a Nevada-focused gold exploration company trading on the Canadian Securities Exchange: GTCH, the OTCQB: GGLDF and Frankfurt Stock Exchange: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate and recently published preliminary economic assessment.

We seek Safe Harbor.