G Mining Ventures Announces Uniquely Synergistic Acquisition of G2 Goldfields, Creating a Tier-One Gold Mining Hub in Guyana and One of the Largest, Lowest-Cost Gold Operations in the Americas

• G Mining Ventures (GMIN) will acquire 100 % of G2 Goldfields (G2) via a court‑approved plan of arrangement.
• Exchange ratio: 0.212 GMIN common shares per G2 share (~C$10.84), representing a 72 % premium to the 30‑day VWAP.
• Post‑transaction ownership: GMIN shareholders ~80.1 %; G2 shareholders ~19.9 % (plus 100 % of newly created “G3 SpinCo” and a CVR up to US$200 m).
• Combined entity will own the “Oko” gold hub in Guyana:
• Oko West (350 koz LOM) + Oko‑Ghanie (228 koz LOM) → >500 koz LOM average production. – Measured & Indicated resources: 7.0 Moz Au; Inferred 2.3 Moz Au; land package >362 km².
• Synergies: >C$1 bn in capital‑cost, operating‑cost and throughput savings; C$850 m avoided capex (no separate mill/tailings); C$275 m LOM OPEX reduction (~25–30 %).
• Financing: G3 SpinCo funded with C$45 m cash (C$30 m from G2 treasury, C$15 m from GMIN).
• CVR triggers if M&I resources exceed 3.5 Moz; up‑to US$200 m payable.
• Expected closing Q2 2026, subject to >66.67 % shareholder approval and court sanction.

• Scale: The combined Oko hub becomes one of the largest, lowest‑cost gold operations in the Americas, moving GMIN from a single‑mine producer (~170 koz) to a tier‑one 500+ koz portfolio.
• Valuation uplift: The premium paid (72 %) is justified by immediate resource expansion and cost synergies that should lift enterprise value well beyond the pre‑deal market cap.
• Cash flow & balance sheet: No new debt disclosed; transaction funded largely with equity, preserving liquidity. The CVR caps upside risk for GMIN while offering G2 shareholders upside on future resource growth.
• Strategic positioning: Consolidates Guyana assets under one experienced operator (GMIN), improving permitting certainty and operational efficiency.
• Market perception: Given the size of the deal relative to GMIN’s market cap, investors are likely to re‑price the stock upward, especially as the combined project now meets tier‑one criteria for many institutional gold funds.
• Risk considerations: Execution risk (integration, construction schedule), regulatory approvals for the CVR, and potential dilution from the 19.9 % G2 shareholder stake. However, these are standard in large M&A and already priced into the premium.

Conclusion: The acquisition is a material game‑changer that fundamentally alters GMIN’s growth trajectory, cost structure, and market positioning.

• G Mining Ventures Corp. – Canadian‑listed gold producer focused on high‑grade, low‑cost projects in South America.
• Flagship assets:
• Tocantinzinho (TZ) Mine – cash‑generating operation in Brazil (~172 koz Au produced FY 2025).
• Oko West – fully permitted, 100 % owned open‑pit project in Guyana (350 koz LOM, first gold pour H2 2027).
• Post‑acquisition: Combined “Oko” hub (Oko West + Oko‑Ghanie) will deliver >500 koz LOM average production with a target AISC ~US$1,100/oz (first‑quartile cost).