GFG RESOURCES INC - GFGSF STOCK NEWS

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) reports initial gold assay results from its recently completed 2023 Phase 2 drill program from its Montclerg Gold Project. Hole MTC-23-059 returned 4.79 grams of gold per tonne over 12.8 meters, including 10.05 g/t Au over 4.3 m. Hole MTC-23-063 returned 3.38 g/t Au over 5.8 m near the surface. The company completed a total of 3,613 m from 15 holes in the Phase 2 drill program, focusing on step-out and in-fill drilling at Montclerg and testing targets at Aljo. The company is optimistic about the remaining 12 holes' results, as significant mineralized zones were observed. The CEO, Brian Skanderbeg, expressed satisfaction with the program's success, confirming a robust gold system at Montclerg plunging beyond 400 m and remaining open for expansion.

GFG Resources Inc. has completed its earn-in requirements to acquire 100% of the Montclerg Gold Project. The company issued its final share payment, exceeded the exploration expenditures, and transferred assessment credits to International Explorers and Prospectors Inc. The acquisition strengthens GFG's Goldarm Property and expands its presence in the Timmins Gold District.

GFG Resources terminates agreement with Group 11 for Rattlesnake Hills Gold Project. GFG remains 100% owner. Strategic review underway to maximize shareholder value. Exploration efforts focus on Timmins belt.

GFG Resources Inc. reports final assay results from its Phase 1 drill program at the Montclerg Gold Project. Significant intercepts include 10.21 g/t Au over 2.7 m and 16.20 g/t Au over 1.5 m from the Lower Footwall Zone. The drill program successfully confirmed continuity in the MC Central area and demonstrated potential for additional discoveries east of MC Central. Phase 2 drill program planned to test the Lower Footwall Zone.

GFG Resources Inc. has issued 1,213,592 common shares to International Explorers and Prospectors Inc. as part of an agreement for a 100% interest in the WWCC Property, located east of Timmins, Ontario. The shares were valued at C$0.1236 each, based on the volume-weighted average price over the previous five trading days. This transaction involves a statutory hold period of four months and one day. GFG is focused on precious metal exploration, particularly in Ontario and Wyoming, holding significant properties that are part of the prolific Timmins Gold District, which has yielded over 70 million ounces of gold.

GFG Resources Inc. (OTCQB: GFGSF), reports high-grade gold assays from its 2022 Phase 2 drill program at the Montclerg Gold Project in Ontario. Key highlights include:

• High-grade intervals: ALJ-22-002 returned 3.03 g/t Au over 12.9 m, including 59.80 g/t Au over 0.6 m.
• Continuous mineralization: Hole MTC-22-044 confirmed gold mineralization extending 1 km east of MC Central.
• Extensive drilling: Over 11,000 m drilled in 47 holes since acquiring Montclerg, achieving a 90% hit rate.
• Future plans: 2023 drill programs to total 10-12,000 m with a budget of C$3.0 million, focusing on the Montclerg deposit and other high-priority targets.

The ongoing exploration indicates a significant potential for discovering additional gold deposits within the Goldarm Property.

GFG Resources Inc. (GFGSF) has announced continued high-grade gold assay results from its recent drilling at the Montclerg Gold Project in Ontario. Key results include Hole MTC-22-036, which returned 6.67 grams per tonne (g/t Au) over 6.0 meters, and Hole MTC-22-042, yielding 8.46 g/t Au over 5.0 meters. Since acquiring Montclerg in October 2021, GFG has completed 11,000 meters of drilling, achieving a 90% hit rate. The company plans to resume drilling in Q1 2023, focusing on high-priority gold targets across the Goldarm Property, aiming to expand resources further.