Great Pacific Gold Files Amended and Restated Interim Financials and MD&A

Executive Summary

• Great Pacific Gold Corp. has filed amended and restated interim financial statements and management discussion and analysis (MD&A) for the period ended September 30, 2025, correcting accounting errors related to asset dispositions, foreign currency effects, and non-controlling interest impacts.
• The restatement significantly reduces the reported loss and comprehensive loss for the nine months ended September 30, 2025, by $164,256, and reduces the loss for the three-month period by $687,004.
• Key adjustments include reversing the expensing of acquisition costs for the Wild Dog Project, adjusting the fair value of broker warrants and restricted share units, and correcting gains on the sale of exploration assets.

Key Details

• Filing Details: Amended and restated interim financial statements and MD&A filed under SEDAR+ for the period ended September 30, 2025.
• Nature of Correction: Corrections relate to the accounting for certain asset dispositions, related foreign currency and non-controlling interest effects, and other accounting errors detailed in Note 19 of the Restated Financials.
• Balance Sheet Adjustments (as at September 30, 2025):
  • Decreased accounts payable and accrued liabilities by $301,351.
  • Decreased receivables by $58,838.
  • Increased exploration and evaluation assets by $877,500 (reversing the expensing of an acquisition payment and associated costs for the Wild Dog Project).
  • Increased share capital by $428,889 and contributed surplus by $480,783 (due to adjustments to the fair value of broker warrants and vesting of restricted share units/stock-based compensation).
  • Decreased equity investment due to losses incurred with the funding of a non-controlling interest.
• Income Statement Adjustments (Three and Nine Months Ended September 30, 2025):
  • Decreased foreign exchange difference on translation of foreign operations by $522,748.
  • Increased gain on the sale of exploration assets by $767,670.
  • Decreased loss and comprehensive loss by $687,004 (three months) and $164,256 (nine months).
• Operational Context (from "About" section):
  • Wild Dog Project: Flagship project in East New Britain Province, PNG. Recent MobileMT geophysics highlighted the Magiabe porphyry target. Drilling on Sinivit target yielded WDG-08 intercepting 8.4m at 50 g/t AuEq from 154m. Drilling continues into 2026.
  • Kesar Project: Greenfield exploration in Eastern Highlands Province, contiguous with K92 Mining. High-grade gold veins identified. Phase 2 drill program planned for 2026.
  • Arau Project: Located in Eastern Highlands Province, south of K92 tenements. Phase 1 RC drilling at Mt. Victor completed in August 2024 with encouraging results.
  • Tinga Valley Project: Also held in PNG.

Notable Quotes

• "On behalf of Great Pacific Gold: Greg McCunn, Chief Executive Officer and Director"