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G2 Goldfields Expands Team and Appoints VP, Investor Relations and VP, Business Development - Guyana

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G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced two key appointments to strengthen its leadership team. Jacqueline Wagenaar joins as VP, Investor Relations, bringing 17 years of capital markets experience. She will lead the capital markets program and manage the upcoming spin-out of G3 Goldfields, expected in Q1 2025. Roopesh Sukhu has been promoted to VP, Business Development - Guyana, tasked with driving regional growth through land identification and acquisitions.

Wagenaar, a Certified Professional in Investor Relations, previously led successful IR programs at Solaris Resources and Guyana Goldfields. Sukhu, a Geological Engineer with over 15 years of experience, will oversee exploration activities and manage government relations in Guyana. The G3 Goldfields spin-out, recently approved by shareholders, will include G2's non-core assets through a plan of arrangement, pending final court and regulatory approvals.

G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha annunciato due importanti nomine per rafforzare il suo team di leadership. Jacqueline Wagenaar entra come VP, Relazioni con gli Investitori, portando con sé 17 anni di esperienza nei mercati dei capitali. Dirigerà il programma dei mercati dei capitali e gestirà il prossimo spin-off di G3 Goldfields, previsto per il primo trimestre del 2025. Roopesh Sukhu è stato promosso a VP, Sviluppo Commerciale - Guyana, con l'incarico di guidare la crescita regionale attraverso l'identificazione e l'acquisizione di terreni.

Wagenaar, Professionista Certificato in Relazioni con gli Investitori, ha precedentemente guidato programmi IR di successo presso Solaris Resources e Guyana Goldfields. Sukhu, Ingegnere Geologico con oltre 15 anni di esperienza, supervisionerà le attività di esplorazione e gestirà le relazioni con il governo in Guyana. Lo spin-off di G3 Goldfields, recentemente approvato dagli azionisti, includerà gli asset non core di G2 attraverso un piano di arrangiamento, in attesa delle approvazioni finali da parte del tribunale e delle autorità di regolamentazione.

G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha anunciado dos nombramientos clave para fortalecer su equipo de liderazgo. Jacqueline Wagenaar se une como VP de Relaciones con Inversores, aportando 17 años de experiencia en mercados de capitales. Ella liderará el programa de mercados de capitales y gestionará la próxima escisión de G3 Goldfields, que se espera para el primer trimestre de 2025. Roopesh Sukhu ha sido promovido a VP de Desarrollo Comercial - Guyana, con la tarea de impulsar el crecimiento regional a través de la identificación y adquisición de terrenos.

Wagenaar, Profesional Certificado en Relaciones con Inversores, anteriormente dirigió programas de IR exitosos en Solaris Resources y Guyana Goldfields. Sukhu, Ingeniero Geológico con más de 15 años de experiencia, supervisará las actividades de exploración y gestionará las relaciones gubernamentales en Guyana. La escisión de G3 Goldfields, recientemente aprobada por los accionistas, incluirá los activos no centrales de G2 a través de un plan de arreglo, pendiente de las aprobaciones finales del tribunal y de las autoridades regulatorias.

G2 Goldfields (TSX: GTWO; OTCQX: GUYGF)는 리더십 팀을 강화하기 위해 두 가지 주요 인사를 발표했습니다. Jacqueline Wagenaar가 투자자 관계 담당 부사장으로 합류하며, 17년의 자본 시장 경험을 가지고 있습니다. 그녀는 자본 시장 프로그램을 이끌고, 2025년 1분기로 예정된 G3 Goldfields의 분사를 관리할 것입니다. Roopesh Sukhu는 부사장으로 승진하여, 기아나 지역의 성장 촉진을 위해 토지 식별 및 인수 업무를 담당하게 됩니다.

Wagenaar는 투자자 관계의 인증된 전문가로서, 이전에 Solaris Resources와 Guyana Goldfields에서 성공적인 IR 프로그램을 이끌었습니다. Sukhu는 15년 이상의 경험을 가진 지질 공학자로서, 기아나에서 탐사 활동을 감독하고 정부 관계를 관리할 것입니다. 최근 주주들의 승인을 받은 G3 Goldfields의 분사는 최종 법원 및 규제 승인 대기 중인 G2의 비핵심 자산을 포함할 것입니다.

G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) a annoncé deux nominations clés pour renforcer son équipe de direction. Jacqueline Wagenaar rejoint en tant que VP, Relations avec les Investisseurs, apportant 17 ans d'expérience dans les marchés de capitaux. Elle dirigera le programme des marchés de capitaux et gérera le prochain spin-off de G3 Goldfields, prévu pour le premier trimestre 2025. Roopesh Sukhu a été promu VP, Développement Commercial - Guyana, chargé de stimuler la croissance régionale par l'identification et l'acquisition de terrains.

Wagenaar, professionnelle certifiée en relations avec les investisseurs, a précédemment dirigé des programmes de relations investisseurs réussis chez Solaris Resources et Guyana Goldfields. Sukhu, ingénieur géologue avec plus de 15 ans d'expérience, supervisera les activités d'exploration et gérera les relations gouvernementales en Guyana. Le spin-off de G3 Goldfields, récemment approuvé par les actionnaires, inclura les actifs non stratégiques de G2 dans le cadre d'un plan d'arrangement, sous réserve des approbations finales du tribunal et des régulateurs.

G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) hat zwei wichtige Ernennungen bekannt gegeben, um sein Führungsteam zu stärken. Jacqueline Wagenaar tritt als VP für Investor Relations bei und bringt 17 Jahre Erfahrung im Kapitalmarkt mit. Sie wird das Kapitalmarktprogramm leiten und das bevorstehende Spin-off von G3 Goldfields verwalten, das im ersten Quartal 2025 erwartet wird. Roopesh Sukhu wurde zum VP für Geschäftsentwicklung - Guyana befördert und hat die Aufgabe, das regionale Wachstum durch Flächenerkennung und Akquisitionen voranzutreiben.

Wagenaar, eine zertifizierte Fachkraft für Investor Relations, leitete zuvor erfolgreiche IR-Programme bei Solaris Resources und Guyana Goldfields. Sukhu, ein Geologischer Ingenieur mit über 15 Jahren Erfahrung, wird die Explorationsaktivitäten überwachen und die Beziehungen zur Regierung in Guyana verwalten. Das Spin-off von G3 Goldfields, das kürzlich von den Aktionären genehmigt wurde, wird die nicht zum Kerngeschäft gehörenden Vermögenswerte von G2 umfassen, vorbehaltlich der endgültigen Genehmigungen durch das Gericht und die Regulierungsbehörden.

Positive
  • Strategic expansion of management team with experienced professionals
  • Upcoming spin-out of G3 Goldfields to unlock value from non-core assets
  • Addition of award-winning IR executive with proven track record of driving shareholder returns
  • Strengthened local presence in Guyana through promotion of experienced geological engineer
Negative
  • None.

TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce the appointment of Ms. Jacqueline Wagenaar as VP, Investor Relations and the promotion of Mr. Roopesh Sukhu as VP, Business Development - Guyana, effective immediately.

Ms. Wagenaar will drive the capital markets program for G2 and the proposed spin-out and eventual stock listing of G3 Goldfields Inc. (“G3”), which was recently approved at the Company’s annual general meeting of shareholders and is expected to include G2’s interest in certain non-core assets through a plan of arrangement under the Canada Business Corporations Act (the “Spin-Out”). Mr. Sukhu will be responsible for driving the Company’s regional growth strategy through land identification, acquisitions and partnerships with local Guyanese entities. In addition to supporting ongoing drilling and exploration programs, Mr. Sukhu will be responsible for tenement management and government relations, ensuring regulatory compliance while fostering strong relationships with local miners and authorities.

Ms. Wagenaar is an award-winning investor relations executive with more than 17 years of capital markets experience in exploration, development, and producing staged mining projects. She has a proven track record of launching and executing successful investor relations programs that have resulted in significant shareholder returns. Most recently, Ms. Wagenaar played a key role in the successful IPO of Solaris Resources Inc. where she led the investor relations efforts and supported the growth of the company to ten times its original size before its successful exit from Canada. Prior to Solaris, Ms. Wagenaar spent over a decade at Guyana Goldfields Inc. where she established and led the inaugural investor relations program that supported the advancement and financing of the Aurora Gold Project from early exploration to production and the resulting evolution of the shareholder registry. Ms. Wagenaar is a Certified Professional in Investor Relations (CPIR) from the Richard Ivey School of Business at the University of Western Ontario.

Mr. Sukhu is an experienced Geological Engineer with over 15 years in mining exploration, resource modeling and environmental management. Mr. Sukhu, previously appointed Senior Geologist, has been promoted to serve as G2’s new VP, Business Development - Guyana. Mr. Sukhu is based in Guyana and has been involved with the Company since April 2022 and played an integral role in the planning and mobilisation of exploration activities. Prior to G2, Mr. Sukhu held progressively senior roles in mining, technical services, LOM plans and mine optimization for key gold and bauxite projects in Guyana and Burkina Faso. Mr. Sukhu holds a Master of Science in Hydrogeology and Water Resources Management from Newcastle University and a Bachelor of Engineering (Geology) from the University of Guyana.

Patrick Sheridan, Executive Chairman of G2, stated, “We are thrilled to welcome Jacqueline to the team and to recognize Roopesh’s contributions. Jacqueline’s extensive experience in delivering IR programs that drive significant shareholder value will be instrumental as we continue executing G2’s corporate strategy and launch the proposed G3 Spin-Out. Roopesh has been a key leader in our exploration success, and his expanded role will further strengthen our efforts in advancing the Oko Gold Property and engaging with strategic Guyanese partners. These appointments reinforce our commitment to building a world-class team as we continue to unlock the full potential of our assets.”

The Spin-Out remains subject to final court and regulatory approvals, including final approval of the Toronto Stock Exchange. For a more detailed description of the Spin-Out, please refer to the Company’s management information circular dated December 20, 2024. Subject to the approval of the Ontario Superior Court of Justice (Commercial List), the Toronto Stock Exchange and the determination of the boards of directors of G2 and G3, the Spin-Out is anticipated to be completed in Q1 2025.

About G2 Goldfields Inc.

The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana’s largest gold mine [RPA, 43-101, Technical Report on the Aurora Gold Mine, March 31, 2020].

In April 2024, G2 announced an Updated Mineral Resource Estimate (“MRE”) for the Oko property in Guyana [see press release dated April 03, 2024]. Highlights of the Updated MRE include:

Total combined open pit and underground Resource for the Oko Main Zone (OMZ):

  • 495,000 oz. Au – Inferred contained within 2,413,000 tonnes @ 6.38 g/t Au
  • 686,000 oz. Au – Indicated contained within 2,368,000 tonnes @ 9.03 g/t Au

Total combined open pit and underground Resource for the Ghanie Zone:

  • 604,000 oz. Au – Inferred contained within 12,216,000 tonnes @ 1.54 g/t Au
  • 236,000 oz. Au – Indicated contained within 3,344,000 tonnes @ 2.20 g/t Au

The MRE was prepared by Micon International Limited with an effective date of March 27, 2024. Significantly, the updated mineral resources lie within 500 meters of surface. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.

AngloGold Ashanti (NYSE:AU) currently holds 35,948,965 shares representing 14.99% of the issued and outstanding shares of G2. G2 currently has cash holdings exceeding C$37 million (unaudited) and is well financed to execute on this regional exploration program.

All scientific and technical information in this news release has been reviewed and approved by Dan Noone (CEO of G2 Goldfields Inc.), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a Fellow of the Australian Institute of Geoscientists.

Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.g2goldfields.com).

On behalf of the Board of G2 Goldfields Inc.

“Daniel Noone”

CEO & Director

For Further Information

Jacqueline Wagenaar, VP Investor Relations
Direct: +1.416.628.5904
Email: news@g2goldfields.com

Forward-Looking Statements

This news release contains certain forward-looking statements, including, but not limited to, statements about the Spin-Out, the completion of the Spin-Out and the expected timing thereof, and the required approvals. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “schedule”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including the risk factors set out in the management information circular of the Company dated December 20, 2024. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy and / or accuracy of this release.


FAQ

When is G2 Goldfields (GUYGF) planning to complete the G3 spin-out?

The G3 Goldfields spin-out is anticipated to be completed in Q1 2025, subject to court and regulatory approvals.

What assets will be included in G2 Goldfields' (GUYGF) G3 spin-out?

The G3 spin-out is expected to include G2's interest in certain non-core assets through a plan of arrangement under the Canada Business Corporations Act.

Who is the new VP of Investor Relations at G2 Goldfields (GUYGF)?

Jacqueline Wagenaar has been appointed as VP, Investor Relations, bringing 17 years of capital markets experience in mining projects.

What is Roopesh Sukhu's new role at G2 Goldfields (GUYGF)?

Roopesh Sukhu has been promoted to VP, Business Development - Guyana, responsible for regional growth strategy and government relations.

What approvals are still needed for G2 Goldfields' (GUYGF) spin-out plan?

The spin-out requires final approval from the Ontario Superior Court of Justice, Toronto Stock Exchange, and the boards of directors of G2 and G3.

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