Great Pacific Gold arranges $15.04-million offering

Executive Summary

• Great Pacific Gold Corp. has entered into an agreement with Haywood Securities Inc. to conduct a public offering of up to 32 million units at $0.47 per unit, aiming to raise up to $15.04 million in gross proceeds.
• Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.70 per share for 24 months.
• Net proceeds will be used to advance gold-copper projects in Papua New Guinea (specifically Wild Dog, Kesar, and Arau) and for general working capital.

Key Details

• Offering Structure: Public offering of up to 32 million units.
• Price: 47 cents per unit.
• Gross Proceeds: Up to $15.04 million.
• Underwriter: Haywood Securities Inc., on behalf of a syndicate of agents.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant allows the holder to acquire one common share at an exercise price of 70 cents per share.
• Warrant Expiry: 24 months following the closing of the offering.
• Over-Allotment Option: Agents have an option to purchase up to an additional 15% of the units (approx. 4.8 million units) at the offering price, exercisable up to 48 hours prior to closing.
• Use of Proceeds: Advancing Great Pacific Gold's gold-copper projects in Papua New Guinea and for general working capital/corporate purposes.
• Regulatory Basis: Offered pursuant to a prospectus supplement to the base shelf prospectus dated March 19, 2026.
• Jurisdictions: Canada (excluding Quebec) and potentially the United States and offshore jurisdictions via private placement.
• Expected Closing: On or about April 2, 2026, subject to TSX Venture Exchange approval and other conditions.
• Project Updates (from "About" section):
  • Wild Dog Project: Flagship project in East New Britain. Drilling on Sinivit target yielded WDG-08: 8.4 metres at 50 g/t AuEq from 154 metres. Second drill rig operational; program extends into 2026.
  • Kesar Project: Eastern Highlands, contiguous with K92 Mining. High-grade gold in outcrop and soil. Phase 2 drill program planned for 2026 following Nov 2024–May 2025 program.
  • Arau Project: Eastern Highlands, contiguous with K92. Mt. Victor target had encouraging Phase 1 RC drilling results in Aug 2024. Includes Elandora licence with epithermal and copper-gold porphyry targets.
  • Tinga Valley Project: Also held in PNG.

Notable Quotes

• None provided in the text.