GFG Announces Management Change

GFG Announces Management Change

SASKATOON, Saskatchewan, April 08, 2022 -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the

“Company”) announces that Mr. Rob Mackie, Vice President of Exploration, has resigned to pursue another opportunity. The

Company has commenced a search for a new Vice President of Exploration. The current drill and exploration programs will not

be disrupted, and the technical team will report to the CEO until the role is filled.

Brian Skanderbeg, President and CEO of GFG, commented, “On behalf of the GFG team and Board, I would like to

acknowledge and thank Rob for his significant contributions over the past four years. Under his leadership, GFG has built a

very strong exploration team, consolidated a highly prospective regional land position and developed a successful targeting

framework; we wish him the very best in his new endeavors.”

About GFG Resources Inc.

GFG is a North American precious metals exploration company focused on district scale gold projects in tier one mining

jurisdictions, Ontario and Wyoming. In Ontario, the Company operates three gold projects, each large and highly prospective

gold properties within the prolific gold district of Timmins, Ontario, Canada. The projects have similar geological settings that

host most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. The

Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located

approximately 100 kilometres southwest of Casper, Wyoming, U.S. In Wyoming, the Company has partnered with Group 11

through an option and earn-in agreement to advance the Company’s Rattlesnake Hills Gold Project with a technology that

could revolutionize the gold mining industry.

For further information, please contact:

Brian Skanderbeg, President & CEO

or

Marc Lepage, Vice President, Business Development

Phone: (306) 931-0930

Email: [email protected]

Website: www.gfgresources.com  

Stay Connected with Us

Twitter: @GFGResources 

LinkedIn: https://www.linkedin.com/company/gfgresources/  

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CAUTION REGARDING FORWARD-LOOKING INFORMATION

All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information”

within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United

States Private Securities Litigation Reform Act of 1995 (referred to herein as “forward-looking statements”). Forward-looking

statements include, but are not limited to, the Company’s proposed acquisition of the Coulson Claims, GFG’s future

exploration plans with respect to its property interests and the timing thereof, the prospective nature of the Coulson Claims

and other property interests of GFG, future price of gold, success of exploration activities and metallurgical test work,

permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of

exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on

insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology

such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,

“anticipates” or “does not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases

or state that certain actions, events or results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”

or the negative connotation thereof.

All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of

management, the availability of regulatory approvals, the assumed long-term price of gold, that the Company will receive

required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient

labour, and that the political environment within Canada and the United States will continue to support the development of

mining projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the

Company’s projects is not necessary indicative of the geological setting, alteration and mineralization of the Rattlesnake Hills

Gold Project, the Goldarm Property, the Pen Gold Project and the Dore Gold Project.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the

actual results, level of activity, performance or achievements of GFG to be materially different from those expressed or implied

by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental

risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; availability of

capital, delays in obtaining regulatory approvals or financing; and other risks and uncertainties. These risks and uncertainties

are not, and should not be construed as being, exhaustive.

Although GFG has attempted to identify important factors that could cause actual results to differ materially from those

contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could

differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the

purpose of providing information about management’s current expectations and plans and allowing investors and others to get

a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking

statements.

Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update

any forward-looking statements, except as required by applicable laws.