G2 Goldfields Provides Update on G3 Spin-Out

TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO, OTCQX:GUYGF) is pleased to announce that, further to its press release dated September 10, 2025, the Company has entered into an arrangement agreement (the “Arrangement Agreement”) with G3 Goldfields Inc. (“G3”), a wholly owned subsidiary of the Company. Pursuant to the Arrangement Agreement, the Company will transfer to G3 its interest in certain non-core assets (the “Non-Core Assets”) and a sufficient amount of cash (such amount to be determined by G2 at the relevant time) to satisfy G3’s working capital and initial listing requirements, and spin-out all of the common shares of G3 (the “G3 Shares”) to the Company’s shareholders (“Shareholders”) on a pro rata basis, through a plan of arrangement under the Canada Business Corporations Act (the “Spin-Out”).