Mr. Daniel Noone reports

G2 GOLDFIELDS ANNOUNCES FILING OF MANAGEMENT INFORMATION CIRCULAR AND TECHNICAL REPORT FOR PROPOSED SPIN-OUT OF NON-CORE ASSETS

G2 Goldfields Inc. has filed the management information circular and related meeting materials for the annual general and special meeting of G2 shareholders to be held on Nov. 27, 2025. The purpose of the meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spinout of G2's interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc., through a plan of arrangement under the Canada Business Corporations Act.

The meeting materials have been mailed to shareholders of the company, and are also available under the company's profile on SEDAR+. Shareholders are encouraged to vote on the matters before the meeting by proxy in the manner set out in the meeting materials. Following and subject to the receipt of shareholder and court approvals, the company will provide an update on the anticipated timing for completion of the spinout.

Technical report

Concurrently with the filing of the meeting materials, the company also announces that it has filed an independent technical report prepared by Micon International Ltd. in respect of the non-core assets, in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) titled "NI 43-101 Property of Merit Technical Report for the New Aremu Oko Gold Project, Guyana, South America." The technical report is available for review under the company's profile on SEDAR+.

About G2 Goldfields Inc.

G2 Goldfields finds and develops gold deposits in Guyana. The founders and principals of the company have been directly responsible for the discovery of more than 10 million ounces of gold in the prolific and underexplored Guiana Shield. G2 continues this legacy of exploration excellence and success.

In March, 2025, G2 announced an updated mineral resource estimate for the Oko property in Guyana (see press release dated March 10, 2025). Highlights of the updated MRE include the following.

Total combined open-pit and underground resource for the Oko Main zone:

• 513,500 ounces gold -- inferred -- contained within 3,473,000 tonnes of 4.60 grams per tonne Au;
• 808,000 oz Au -- indicated -- contained within 3,147,000 tonnes of 7.98 g/t Au.

Total combined open-pit and underground resource for the Ghanie zone:

• 1,024,500 oz Au -- inferred -- contained within 12,062,000 tonnes of 2.64 g/t Au;
• 663,400 oz Au -- indicated -- contained within 10,288,000 tonnes of 2.01 g/t Au.

Total open-pit resource for the Oko NW zone:

• 97,200 oz Au -- inferred -- contained within 4,976,000 tonnes of 0.61 g/t Au.

The MRE was prepared by Micon with an effective date of March 1, 2025. 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.

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

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