SASKATOON, Saskatchewan, May 15, 2023 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces the appointment of Mr. Anders Carlson as Vice President, Exploration effective May 15, 2023. In connection with the change, Dr. Natalie Pietrzak-Renaud will remain as a consultant in an advisory role for a period of time to ensure a smooth transition.
"We are grateful to Natalie for her unwavering commitment and significant contributions towards advancing our exploration efforts in Timmins. We recognize Natalie as a very talented geologist with exemplary management skills. We sincerely wish her well in all her future professional endeavors following her role with GFG. As we move forward, we are thrilled to welcome Anders to the GFG team. With his vast experience and proven track record in mineral exploration and resource development, Anders undoubtedly brings tremendous value and expertise to our organization," said Brian Skanderbeg,

KEY HIGHLIGHTS:
First pass drilling at the Aljo Mine Target (“Aljo”) successfully returned high-grade gold intervals at shallow depths across multiple vein systems along with broader intervals of low-grade mineralization. ALJ-22-002: 3.03 grams per tonne gold (“g/t Au”) over 12.9 metres (“m”) including 59.80 g/t Au over 0.60 m and 6.58 g/t Au over 4.3 m including 27.4 g/t Au over 1.0 m Hole MTC-22-044 successfully confirmed gold mineralization continues 1 km to the east of MC Central intersecting two broad zones: MTC-22-044: 0.99 g/t Au over 9.7 m and 0.82 g/t Au over 7.7 m Since acquiring Montclerg just over a year ago, GFG has completed over 11,000 m of drilling from 47 holes and achieved approximately a 90% drilling hit rate. The Phase 1 2023 drill program has begun and is expected to consist of approximately 3,000 m of drilling. The program will focus on infill and step-out drilling on and around the Montclerg Gold Project. In 2023, the Company plans to complete three drill

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, March 02, 2023 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that due to investor demand it has increased the size of its previously announced private placement financing (the “ Offering ”) ( see news release dated February 17, 2023 ) to raise gross proceeds of up to C$4.2 million (the “ Offering ”). In connection with the Offering, the Company is pleased to announce that Alamos Gold Inc. ( TSX: AGI; NYSE: AGI ) has committed to purchasing securities to increase their position to a 9.99% interest in the Company upon completion of the Offering. The Offering will consist of any combination of (i) units of the Company (“Units”) at a price of C$0.13 per Unit; (ii) common shares of the Company that will qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (“FT Shares”) at a price of C$0.15 per FT Share; and (iii)

KEY HIGHLIGHTS:
New drill results from 8 holes continue to show strong continuity and extend high-grade gold mineralization of the Upper and Lower Footwall Zones at the Montclerg Gold Project (“Montclerg”). Hole MTC-22-036 returned near surface high-grade gold: 6.67 grams of gold per tonne (“g/t Au”) over 6.0 metres (“m”) in the Upper Footwall zone, up dip of holes MTC- 22-035 (9.85 g/t Au over 16.0 m) and MTC-21-005 (4.82 g/t Au over 26.0 m). To date, Hole MTC-22-042 returned the broadest and highest-grade intercept at depth in the Lower Footwall Zone: 8.46 g/t Au over 5.0 m in the Lower Footwall Zone . Assay results from the remaining 5 holes are pending and will be announced once received. Since acquiring Montclerg in October 2021, GFG has completed 11,000 m of drilling from 47 holes and achieved approximately a 90% drilling hit rate. Drilling is planned to resume in Q1 with a focus on Montclerg and testing high-priority gold targets across the Goldarm Property. SASKATOON,