G2 granted two large-scale prospecting licences for Oko

Executive Summary

• G2 Goldfields Inc. received two large‑scale prospecting licences (PLs) covering its Oko‑Ghanie gold deposit in Guyana, providing a three‑year term with two one‑year renewal options.
• The licences encompass 1.5 M oz indicated and 1.6 M oz inferred resources (≈3.40 g/t Au and 2.48 g/t Au) over ~17,451 acres, replacing 11 prior medium‑scale permits.
• Updated mineral resource estimate (MRE) for the Oko property disclosed in March 2025 shows a combined indicated resource of 1.47 M oz Au and inferred resource of 1.54 M oz Au across multiple zones.

Key Details

• Licence Scope: Two large‑scale prospecting licences covering the Oko and Ghanie deposits; total area ~17,451 acres.
• Resource Highlights within Licences:
• 1.5 M oz indicated at 3.40 g/t Au (Oko‑Ghanie)
• 1.6 M oz inferred at 2.48 g/t Au (Oko‑Ghanie)
• Licence Terms: Initial three‑year term; two optional one‑year renewals; exclusive right to explore for gold and precious minerals; right of occupation granted.
• Replacement of Prior Permits: The PLs supersede 11 separate medium‑scale mining permits previously held via option agreements with Guyanese entrepreneurs.
• Environmental Work: Two years of baseline environmental studies completed by third‑party consultants; project area not a priority conservation site and does not overlap protected or indigenous lands.
• Updated MRE (March 2025):
• Oko Main Zone (OMZ) – Open‑pit & Underground:
  • 808,000 oz indicated @ 7.98 g/t Au (3,147,000 t)
  • 513,500 oz inferred @ 4.60 g/t Au (3,473,000 t)
• Ghanie Zone – Open‑pit & Underground:
  • 663,400 oz indicated @ 2.01 g/t Au (10,288,000 t)
  • 1,024,500 oz inferred @ 2.64 g/t Au (12,062,000 t)
• Oko Northwest Zone – Open‑pit:
  • 97,200 oz inferred @ 0.61 g/t Au (4,976,000 t)
• Technical Review: All scientific and technical information reviewed and approved by CEO Dan Noone, a qualified person under NI 43‑101.

Notable Quotes

• “Securing the prospecting licences for our flagship Oko‑Ghanie deposit is a significant milestone… With this licence in hand, we are well positioned to unlock the full potential of this highly prospective gold district.” – Dan Noone, CEO
• “Guyana was recently recognized as a top‑10 jurisdiction globally for mining investment… The Oko gold project is the second multimillion‑ounce gold mine that our group has discovered and developed in Guyana…” – Patrick Sheridan, Executive Chairman