Mr. Daniel Noone reports

G2 GOLDFIELDS INC. (TSX: GTWO)(OTCQX: GUYGF) ANOTHER LEADING INDEPENDENT PROXY ADVISORY FI RM RECOMMENDS G2 GOLDFIELDS SHAREHOLDERS V OTE FOR THE ARRANGEMENT WITH G MINING

Glass Lewis & Co. LLC, a leading independent proxy advisory firm, has recommended that G2 Goldfields Inc. shareholders vote for the plan of arrangement with G Mining Ventures Corp. to be approved at the coming special meeting of shareholders to be held on Tuesday, June 16, 2026, at 10 a.m. Toronto time. As announced by the company on June 4, 2026, Institutional Shareholder Services Inc. has made the same recommendation.

Glass Lewis commented, "The proposed transaction is the result of a lengthy and robust strategic review process commenced in June, 2023," and "the implied value of the consideration represents a substantial premium over the company's unaffected stock price and also represents a 15-year high for the company's shares."

Board recommendation

The board of directors of the company unanimously recommends that the G2 shareholders vote for the arrangement. The board also unanimously recommends that the G2 shareholders vote for all resolutions pertaining to the spinout of G3 Goldfields Inc.

Your vote is important. Cast your vote well in advance of the proxy voting deadline.

G2 shareholders are encouraged to read the management information circular of the company dated May 12, 2026, and vote your G2 shares as soon as possible, in accordance with the instructions accompanying the form of proxy or voting instruction form mailed to G2 shareholders together with the circular.

The proxy voting deadline is 10 a.m. Toronto time on Friday, June 12, 2026.

Questions and voting assistance

G2 shareholders who have any questions about the meeting or require assistance with voting may contact Carson Proxy Advisors, G2's proxy solicitation agent.

Toll-free:  1-800-530-5189 (toll-free in North America)

International:  1-416-751-2066 (collect outside of North America)

By e-mail:  info@carsonproxy.com

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 11 million ounces of gold in the prolific and underexplored Guiana Shield. G2 continues this legacy of exploration excellence and success. Total combined open-pit and underground resources across all five discoveries to date include:

• 1,910,300 ounces gold inferred contained within 17.97 million tonnes of 3.31 grams per tonne Au;
• 1,620,600 oz Au indicated contained within 15,571,000 tonnes of 3.24 g/t Au.

The mineral resource was prepared by Micon International Ltd. with an effective date of Nov. 20, 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.

We seek Safe Harbor.