Great Pacific receives court OK for Walhalla spinout

Executive Summary

• Great Pacific Gold Corp. received final court approval for the arrangement to spin out Walhalla Gold Corp., distributing Walhalla shares to Great Pacific shareholders on a 1:1 basis.
• The effective date for the distribution is set for December 15, 2025, for shareholders of record as of December 12, 2025.
• The transaction remains subject to acceptance by the TSX Venture Exchange.

Key Details

• Transaction Structure: Court-approved arrangement and plan of arrangement for the spinout of Walhalla Gold Corp. from Great Pacific Gold Corp.
• Distribution Ratio: One (1) Walhalla common share for every one (1) Great Pacific common share held.
• Record Date: December 12, 2025 (close of business).
• Distribution Date: December 15, 2025 (Monday).
• Asset Transferred: Walhalla Gold Corp. will own the Walhalla gold project in Victoria, Australia.
• Regulatory Status: Final court approval received; pending TSX Venture Exchange acceptance.
• Walhalla Project Background: Located in the Walhalla-Woods Point goldfield, Victoria, Australia. Historic production of 2.2 million ounces (72.2 tonnes) from 54 mines at a grade of 25.3 g/t Au. The goldfield contains over 420 mines/workings and represents approximately 10% of Victoria's historic gold production.
• Qualified Person: Callum Spink, VP Exploration, MAIG, reviewed and approved the technical content.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.