Mr. Dan Noone reports

G2 GOLDFIELDS ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

At G2 Goldfields Inc.'s annual general and special meeting of shareholders held earlier today, the company's shareholders approved the annual general matters as well as the matters relating to the proposed spinout of G2's interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc. (G3), through a plan of arrangement under the Canada Business Corporations Act.

A total of 152,211,687 common shares were voted in person or represented by proxy at the meeting, representing approximately 63.50 per cent of the votes attached to all the outstanding shares as at the record date of the meeting.

The report of voting results will be made available under the company's profile on SEDAR+.

The court hearing for the final order to approve the arrangement is scheduled to take place on Jan. 30, 2025. The spinout remains subject to final court and regulatory approvals, including final approval of the Toronto Stock Exchange. For a more detailed description of the spinout, please refer to the company's management information circular dated Dec. 20, 2024.

Subject to the approval of the Ontario Superior Court of Justice (Commercial List), the Toronto Stock Exchange and the determination of the boards of directors of G2 and G3, the spinout is anticipated to be completed in Q1 2025.

About G2 Goldfields Inc.

The G2 Goldfields team comprises professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora gold mine, Guyana's largest gold mine (RPA, National Instrument 43-101 technical report on the Aurora gold mine, March 31, 2020).

In April, 2024, G2 announced an updated mineral resource estimate (MRE) for the Oko property in Guyana (see press release dated April 3, 2024). Highlights of the updated MRE include:

• Total combined open-pit and underground resource for the Oko Main zone (OMZ):
  • 495,000 ounces gold inferred contained within 2,413,000 tonnes at 6.38 grams per tonne gold;
  • 686,000 ounces gold indicated contained within 2,368,000 tonnes at 9.03 grams per tonne gold;
• Total combined open-pit and underground resource for the Ghanie zone:
  • 604,000 ounces gold inferred contained within 12,216,000 tonnes at 1.54 grams per tonne gold;
  • 236,000 ounces gold indicated contained within 3,344,000 tonnes at 2.20 grams per tonne gold.

The MRE was prepared by Micon International Ltd. with an effective date of March 27, 2024. Significantly, the updated mineral resources lie within 500 metres of surface. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.

Anglo Gold Ashanti currently holds 35,948,965 shares, representing 14.99 per cent of the issued and outstanding shares of G2. G2 currently has cash holdings exceeding $38-million and is well financed to execute on this regional exploration program.

All scientific and technical information in this news release has been reviewed and approved by Mr. Noone (chief executive officer of G2 Goldfields), a qualified person within the meaning of National Instrument 43-101. Mr. Noone (BSc (geology), MBA) is a fellow of the Australian Institute of Geoscientists.

We seek Safe Harbor.