Great Pacific Gold to hold special meeting Nov. 27

Executive Summary

• Great Pacific Gold Corp. has scheduled a special shareholders’ meeting for Nov 27 2025 to approve the spin‑out of Walhalla Gold Corp., which will receive the Walhalla gold project in Victoria, Australia.
• Shareholders on record as of Oct 20 2025 will be entitled to vote and will receive one share of Walhalla for each Great Pacific share held.
• An updated NI 43‑101 technical report and draft carve‑out financial statements have been filed with the Canadian Securities Exchange in preparation for listing Walhalla, and drilling on the Pinnacles target is slated for early 2026.

Key Details

• Special Meeting Date & Record Date – Notice of meeting filed on SEDAR+; special shareholders’ meeting set for Nov 27 2025; record date for voting eligibility Oct 20 2025.
• Spin‑Out Mechanics – Upon approval, Great Pacific Gold will distribute Walhalla shares to its shareholders on a 1:1 basis; Walhalla will become the owner of the Walhalla gold project.
• Listing Application – An updated NI 43‑101 technical report and draft carve‑out financial statements have been submitted to the Canadian Securities Exchange as part of Walhalla’s initial listing application.
• Drilling Plans – Preparation work has begun for drilling the “highly prospective Pinnacles target” in early 2026; Mick Carew (VP Corporate Development) will serve as interim CEO of Walhalla during this phase.
• Technical Report – H&S Consultants Pty. completed an updated NI 43‑101 technical report for Walhalla, to be filed on SEDAR+ with the information circular.
• Project Overview – The Walhalla‑Woods Point goldfield historically produced ~2.2 M oz Au (≈10% of Victoria’s historic output). No active mines remain; the project comprises 9 contiguous exploration licences covering 1,233 km².
• Exploration Recommendations – Immediate drill testing of Pinnacle prospect; additional targets include Cohen’s Reef/Long Tunnel, Sun Hill‑Black Diamond area, and various shallow extensions identified in the technical report.
• Budget – Two‑phased exploration budget totals A$6.62 million: Phase 1 (desktop studies + 5,500 m diamond drilling) followed by Phase 2 (≈12,400 m diamond drilling and AI‑driven target generation).

Notable Quotes

“The spinout of Walhalla enables GPAC shareholders to retain full and direct exposure to a district‑scale gold project in a proven jurisdiction… We have been making good progress on advancing the required financial, technical and legal documentation to support the spinout, and we have now initiated preparation work for drilling the highly prospective Pinnacles target in early 2026.” – Greg McCunn, CEO, Great Pacific Gold Corp.

“Mick Carew… is serving as Walhalla’s interim CEO to prepare the Pinnacles target for drilling in early 2026.” – Greg McCunn