SASKATOON, Saskatchewan, Oct. 05, 2021 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with International Explorers and Prospectors Inc. (“IEP”) to acquire a 100% interest in the Montclerg Gold Project (and/or the “Project”).
The Montclerg Gold Project is located 48 kilometres (“km”) east of the prolific Timmins Gold Camp and is surrounded by multiple current and historic gold mines ( See Figure 1 ). The Project consists of five patented mining claims and 110 unpatented mining claims that cover 10 km of the highly prospective Pipestone Deformation Zone ( See Figure 2 ) which hosts multiple gold deposits and mines in one of the most prolific gold districts in the world. Brian Skanderbeg, President and CEO of GFG, commented, “The acquisition of the Montclerg Gold Project is a great opportunity to add a more advanced and drill ready exploration

SASKATOON, Saskatchewan, June 29, 2021 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the initial drill results from its recently completed 5,800 metre (“m”), Phase 1 2021 drill program at its 100% owned Pen Gold Project (“Pen” or the “Project”) located west of the prolific Timmins Gold District in Ontario. During its Phase 1 drill program, the Company completed a total of 17 holes at the Slate Rock, R66, Boundary, Keith South and Sewell North prospects ( see Figure 1 ). Assay results for 12 holes have been received and are described herein, with assays for the remaining five holes to be released as they become available. “Our aggressive Phase 1 drill program was able to confirm several productive gold systems that deserve further attention and drilling,” stated Brian Skanderbeg, President and CEO. “Specifically, we are pleased that we were able to demonstrate lateral continuity at Boundary, which is a key test on an early-stage

SASKATOON, Saskatchewan, April 14, 2021 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has signed an option and earn-in agreement (the “Agreement”) with Group 11 Technologies Inc. (“Group 11”), a privately-owned corporation, to advance GFG’s Rattlesnake Hills Gold Project (the “Project”) in Wyoming, United States. Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development expenditures (“Expenditures”) summarized below and making staged cash and equity payments to GFG.
Group 11 is led by a group of technical pioneers and experts in the development and application of in-situ recovery (“ISR”) with significant experience operating in Wyoming. Group 11’s goal is to combine, a non-invasive extraction technology with an environmentally friendly water-based chemistry to recover gold and other metals,

Highlights:
Discovered gold mineralization on first pass drill testing of the Boundary Trend from hole PEN-20-070 (4.66 g/t Au over 1.2 m and 5.02 g/t Au over 0.7 m); Demonstrated that the Broadway Prospect is prospective over a 1.2 km trend from 600 m step-out hole that hit 5.43 g/t Au over 0.5 m; Hit multiple zones of broad gold mineralization along strike at the Nib Prospect in hole PEN-20-061 (0.81 g/t Au over 10.0 m) and hole PEN-20-062 (6.27 g/t Au over 1.0 m and 0.92 g/t Au over 13.0 m); 2021 winter drill program of 4-5,000 m has begun. Priority drill targets include Slate Rock and R66 followed by Boundary, Sewell North and Nib; and Announces fully funded 2021 exploration program of approximately C$3.0 million that includes 8-10,000 m of drilling.
SASKATOON, Saskatchewan, Feb. 24, 2021 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the remaining results from its Phase 2 2020 drill program at its 100% owned Pen