G Mining and G2 Goldfields Provide Update on Arrangement with G Mining and Spin-Out of G3 Goldfields

TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- G Mining Ventures Corp. (“GMIN”) (TSX: GMIN, OTCQX:GMINF) and G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) are pleased to provide an update with respect to the proposed plan of arrangement (the “Arrangement”) involving G2, GMIN and G3 Goldfields Inc. (“G3”) whereby GMIN will, among other things, acquire all of the issued and outstanding G2 shares and G2 will complete the spin-out of G3. The parties are actively working through the remaining closing conditions, which are expected to be completed by the end of July 2026. Closing of the Arrangement will follow shortly thereafter (such date to be announced by the Company and referred to herein as the “Effective Date”).