Great Pacific Gold Appoints Alex Heath as Chief Financial Officer
TSX-V: GPAC OTCQX: FSXLF GER: V3H
www.gpacgold.com | 1
Great Pacific Gold Appoints Alex Heath as Chief Financial Officer
July 9, 2025 – Vancouver, BC, Canada – Great Pacific Gold Corp. ("Great Pacific" , “GPAC” or the
"Company") (TSXV: GPAC) (OTCQX: FSXLF) (Frankfurt: V3H) announces the appointment of Alex Heath as
Chief Financial Officer (“CFO”), effective immediately. Jonathan Richards , Great Pacific Gold’s current
CFO, and his firm Redfern Consulting will remain engaged by Great Pacific for the next two month s to
complete the Q2 2025 regulatory filings and ensure a smooth transition.
Mr. Heath is a mining executive and director with more than twenty years of experience in finance,
investment banking, corporate development, and investor relations. Based in Vancouver, he has held
senior leadership roles with several Discovery Group companies, including serving as Interim CFO and SVP
of Corporate Development at Defense Metals Corp. and President & CEO of Prospector Metals Corp. Mr.
Heath is currently the Chair of the Audit Committee at Asante Gold and is also the co-founder of Chestnut
Creek Capital Corp., an integrated agribusiness investment platform operating premium pineapple
plantations in Costa Rica. Earlier in his career, Mr. Heath was an investment banker at Salman Partners
Inc., advising on capital markets and M&A transactions. He also held corporate development and investor
relations roles at Great Panther Mining Limited and Seaspan Corporation . Alex holds a Bachelor of
Commerce with Honours from the University of British Columbia, is a CFA charterholder, and has
completed the Directors Education Program at the University of Toronto’s Rotman School of
Management.
“With our successful equity financing c losed last week raising $16.9 million, the Company is now fully
cashed up to continue advancing our drilling program at our large scale, high- grade Wild Dog Project in
Papua New Guinea. As our operations and exploration activity expands, it was time to bring in a full time
CFO and finance team and I am looking forward to working with Alex to create the leading gold-copper
development company in Papua New Guinea” stated Greg McCunn, CEO. “I would like to thank Jonathan
for his years of hard work in founding the Company and getting it to the point where it is today.”
In conjunction with the appointmen t, the Company has issued 5 00,000 stock options and 250,000
restricted share units (RSU’s). The restricted share units will vest as follows: 50% will vest one year from
the date of grant and the remaining 50% will vest two years from the date of grant. In addition, the options
will be exercisable at $0.45 per share for a period of five years from the date of grant.
On behalf of Great Pacific Gold:
Greg McCunn
Chief Executive Officer and Director
For further information visit gpacgold.com or contact:
Investor Relations
Phone +1-778-262-2331
Email: [email protected]
www.gpacgold.com | 2
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration -stage projects in Papua New Guinea ("PNG"). The
Company is focused on developing gold -copper resources from its highly prospective land packages. Its
core projects include:
• Wild Dog Project: located in the East New Britain province of PNG, the Wild Dog Project is a
brownfield exploration project with a history of small- scale gold mining. The Wild Dog Project
contains numerous epithermal , and porphyry hydrothermal -magmatic targets evidenced by
previous exploration and operations. The Company completed a road refurbishment in August
2024 and baseline environmental work in Q4 2024. In Q1 2025, the Company began preparing
for a drilling program with camp and infrastructure being established, airborne geophysics
(MobileMT) survey completed and a geological team in place. A first phase of diamond drilling is
underway on the property.
• Kesar Project: located in the Eastern Highlands province of PNG and contiguous with the mine
tenements of K92 Mining Inc. ("K92"), the Kesar Project is a greenfield exploration project with
several high-priority targets near the property boundary with K92. Multiple epithermal veins at
Kesar are on strike and have the same orientation as key K92 deposits, such as Kora. Exploration
work to date by the Company at the Kesar Project has shown that these veins have high grades of
gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs.
The Company conducted a diamond drill program on key target areas at the Kesar Project from
November 2024 to May 2025.
• Arau Project: located in the Eastern Highlands province of PNG, the Arau Project contains the
highly prospective Mt. Victor exploration target with potential for a high sulphidation epithermal
gold-base metal deposit. A Phase 1 Reverse Circulation drilling program was c ompleted at Mt.
Victor in August 2024, with encouraging results. The Arau Project includes the Elandora licence,
which also contains various epithermal and copper-gold porphyry targets.
The Company also holds the Tinga Valley Project in PNG.
Forward-Looking Statements
Information set forth in this news release contains forward- looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Great
Pacific Gold cautions that all forward -looking statements are inherently uncertain and that actual
performance may be affected by many material factors, many of which are beyond their respective control.
Such factors include, among other things: risks and uncertainties relating to Great Pacific Gold's limited
operating history, its exploration and development activities on its mineral properties and the need to
comply with environmental and governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially fro m the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, Great Pacific Gold does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.