GFG.V · 2026-01-21 12:00:00

GFG Delivers Broad Gold Intercept of 1.01 g/t Au over 51.5 m including 6.36 g/t Au over 5.0 m and Advances Discovery Driven District-Scale Exploration at Goldarm

Drill Results

Media Release

TSX.V: GFG | OTCQB: GFGSF

GFG Delivers Broad Gold Intercept of 1.01 g/t Au over 51.5 m including 6.36

g/t Au over 5.0 m and Advances Discovery Driven District-Scale Exploration at

Goldarm

January 21, 2026 – Saskatoon, Saskatchewan, Canada – GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF )

(“GFG” or the “Company”) reports six (6) holes and two (2) hole extensions from the 12-hole (2,650 metre) Phase 2-2025

drill program at the Aljo Gold Project (“Aljo”), located on the Company’s Goldarm Property (“Goldarm”) in the prolific

Timmins Gold District of Ontario, Canada (See Figures 1 and 2).

The Phase 2-2025 drill program at Aljo was designed to confirm and expand mineralization across the Main, Hangingwall

(“HW”), and F ootwall (“FW”) Zones. Infill and step- out drilling in the Main and HW Z ones successfully confirmed

continuity, expanded mineralization at depth, and refined the geological model. In the F W Zones, drilling extended and

confirmed up-dip continuity of the FW3 Zone and led to the discovery of a new FW zone, FW4 (See press release dated

November27,2025). In addition, 150- metre step-out holes were completed to the east to test potential extensions of the

system, with results pending (See Table 1 and Figures 3 and 4).

Highlights:

• High-grade and broad HW intercepts demonstrate scale and depth continuity, including one of the strongest gram-

metre results at Aljo:

o ALJ-25-036: yielding one of the highest gram-metre products at Aljo to-date, with 1.01 grams of

gold per tonne (“g/t Au”) over 51.5 metres (“m”), including 6.36 g/t Au over 5.0 m, confirming the

HW system remains open and well mineralized below historical mine workings;

o ALJ-25-035: 10.45 g/t Au over 2.1 m, including 22.90 g/t Au over 0.9 m, with visible gold,

representing the western-most test of the HW Zone to date.

• Infill drilling confirms continuity of high-grade gold mineralization within the HW and Main Zones, supporting

modeled geometry and locally hosting visible gold:

o ALJ-25-032: 3.68 g/t Au over 4.5 m, including 17.40 g/t Au over 0.5 m, with visible gold;

o ALJ-25-031: Multiple stacked intercepts in both zones, highlighted by 11.40 g/t Au over 0.8 m (Main

Zone);

o ALJ-25-033: 2.03 g/t Au over 5.8 m, including 10.40 g/t Au over 0.5 m, with visible gold.

• FW system continues to expand at depth, highlighting a growing secondary mineralized corridor:

o ALJ-25-018ext: 2.57 g/t Au over 2.0 m, including 4.63 g/t Au over 1.0 m, intersected at the bottom of

the hole, supporting continued FW upside.

• Step-out drilling east of Aljo targeted areas of sparse historic drilling; geological observations are encouraging,

with assay results pending.

Brian Skanderbeg, President and CEO of GFG stated, “This second phase of results continues to reinforce our

confidence in the Aljo gold system. Infill drilling is doing exactly what it should - confirming continuity of high-grade gold

mineralization within the Main and HW Zones - while deeper drilling continues to expand the FW system and deliver new

zones of gold mineralization.”

“GFG is well financed and advancing an aggressive 2026 exploration program, including continued drilling at Aljo, step-

out testing along strike and at depth, and a major regional push across the Goldarm Property supported by extensive sonic

base-of-till sampling and diamond drilling of priority targets. Looking ahead, 2026 is shaping up to be a very active and

exciting year for GFG. I would like to sincerely thank our shareholders, First Nation partners, local communities, and our

dedicated exploration team in Timmins for their continued support as we operate in one of the world’s premier,

infrastructure-rich gold camps—positioning the Company well to create value in a strong gold environment.”

Next Steps – 2026 Exploration Program

GFG is well -financed and positioned to advance an aggressive, multi -pronged exploration program in 2026, designed to

both grow the Aljo Gold Project and unlock new gold discoveries across the broader Goldarm Property.

Aljo Gold Project – Resource Growth Focus

At Aljo, the Company plans to continue systematic diamond drilling focused on infill and step-out targets with the objective

of further delineating stacked HW, Main, and FW Zones. Drilling will prioritize expanding mineralization along strike and

to depth, refining the geological model, and advancing the project toward resource-scale definition. Particular emphasis will

be placed on continued testing of the HW system at depth and the emerging FW corridor, where recent drilling has outlined

new zones of mineralization. In addition to infill drilling, GFG will pursue systematic step-out drilling along the eastern and

western corridors to further expand the footprint of the Aljo gold system.

Goldarm Property – Regional Discovery Engine

In parallel, GFG is advancing a district- scale regional exploration program across priority corridors on the Goldarm

Property. Late in 2025, the Company initiated a 90-hole sonic drilling program focused on systematic base-of-till (“BOT”)

and top-of-bedrock sampling proximal to the Pipestone Fault, marking the beginning of a multi -year regional exploration

campaign. This program is designed to evaluate gold potential across a ~15 km strike length of the Pipestone and associated

fault corridors using wide-spaced (0.5–2.0 km) sampling.

In parallel with the initial phase of sonic drilling, GFG initiated a ~2,500-m diamond drilling program in early 2026 to test

high-priority regional targets generated from its expanding target pipeline across the Goldarm Property.

Regional exploration will balance tangible targets—such as McCristie, Fournier, Carr, and Nahanni, which host historical

anomalous drilling and prospecting results that remain largely untested—with conceptual targets developed through

integrated geological, structural, and geophysical analysis. GFG’s targeting framework emphasizes proximity to:

(i) regional-scale faults and major lithological contacts;

(ii) chemically and texturally receptive host rocks;

(iii) late brittle faulting and offset geological panels;

(iv) felsic to mafic porphyry dykes and sills; and

(v) large mafic-ultramafic bodies spatially associated with gold mineralization in the Timmins-Matheson camp.

Pen Property – Regional Target Advancement

At the Pen Property west of Timmins, GFG continues to advance a growing pipeline of priority regional targets based on

encouraging drilling results, newly acquired IP data, and extensive BOT sampling completed around the Muskego target in

early 2025 (See press release dated June 2, 2025). Ongoing interpretation of BOT results has identified highly anomalous

gold-grain counts and associated pathfinder minerals (Bi -W-Te) within fertile structural corridors. These targets will be

refined and prioritized for drill testing in 2026.

Strategic Outlook

This aggressive 2026 exploration strategy reflects GFG’s commitment to deploying capital into the ground, leveraging its

district-scale land position, and advancing multiple discovery opportunities across one of Canada’s most prolific and

infrastructure-rich gold camps. Together, continued growth drilling at Aljo and systematic regional exploration across

Goldarm and Pen position GFG for a catalyst-rich year ahead.

Summary and Geological Interpretation of Assay Results

HW and Main Zones – Infill, Step-Outs, and Depth Expansion

Drilling within the HW and Main Zones during Phase 2-2025 successfully confirmed strong structural and grade continuity,

supported the modelled geometry of high- grade shoots, and demonstrated meaningful growth potential both along strike

and at depth. Multiple intercepts are associated with visible gold, reinforcing the robustness of the Aljo gold system.

ALJ-25-031

Drilled on approximately 50-metre spacing, this hole intersected multiple stacked mineralized intervals within both the HW

and Main Zones. HW mineralization returned peak values of 4.67 g/t Au over 1.5 m, while the Main Zone yielded a high-

grade intercept of 11.40 g/t Au over 0.8 m, confirming vertical continuity of gold mineralization.

ALJ-25-032

Drilled on ~30-metre spacing, this hole intersected several zones of moderate-to high-grade gold mineralization. The most

significant interval returned 3.68 g/t Au over 4.5 m, including 17.40 g/t Au over 0.5 m, and hosted significant visible gold

in quartz-carbonate veins within altered and variolitic pillow flow breccia near the HW ultramafic contact. Deeper in the

hole, the Main Zone also hosted visible gold in sheeted quartz-carbonate veins, yielding 4.92 g/t Au over 0.8 m.

ALJ-25-033

This hole tested the HW Zone near a thick diabase dyke and unexpectedly intersected a n ~6-metre-wide zone of strongly

sheared and altered basaltic pillow breccia hosting quartz -carbonate veins with visible gold and significant sulphide

mineralization. The interval graded 2.03 g/t Au over 5.8 m , including 10.40 g/t Au over 0.5 m. Structural relationships

suggest this mineralized basaltic wedge may have been faulted into the diabase dyke, representing the first occurrence of

high-grade gold mineralization internal to a diabase dyke at Aljo.

ALJ-25-034

Drilled as a 40 -m west step -out, this hole intersected weak but anomalous gold mineralization, providing additional

constraints on HW continuity.

Larger Step-Outs and Depth Extension

ALJ-25-035

This hole represents a 55- m western step -out on the HW Zone and is the western -most test of the zone to date. Two

significant mineralized intervals were intersected, both hosting visible gold, including a high-grade zone grading 10.45 g/t

Au over 2.1 m, including 22.90 g/t Au over 0.9 m, and a broader interval of 1.51 g/t Au over 15.3 m. These results confirm

the HW system remains open to the west.

ALJ-25-036

Drilled as an 80-m down-dip step-out, ALJ-25-036 is the first hole to test the HW Zone below 250 vertical m and returned

one of the highest gram -metre results at Aljo to date, grading 1.01 g/t Au over 51.5 m, including 6.36 g/t Au over 5.0 m.

Mineralization is hosted within a thickened package of altered and variolitic mafic pillow breccias with sulphidic quartz -

carbonate veins. This result confirms the HW system remains continuous and well-endowed below the historical Aljo mine

workings.

Collectively, results from ALJ-25-031 through ALJ-25-036, when viewed alongside previously reported intercepts such as

1.05 g/t Au over 71.0 m in ALJ-25-030 (See press release dated November 27, 2025), highlight a robust, multi- lens gold

system capable of generating both high- grade intervals and broad bulk- tonnage-style mineralization, providing a strong

foundation for continued expansion through aggressive step-out drilling.

FW Extensions – Expanding a Second Mineralized Corridor

Extension drilling completed in the FW corridor continues to demonstrate that this system is more extensive and continuous

than previously recognized, with mineralization now traced over a strike length approaching 200 m and remaining open

along strike and at depth.

ALJ-25-013 (extension)

Hole ALJ-25-013, originally completed in 2024, was extended by 66 m to a total depth of 504 m to further evaluate FW

mineralization. The extension successfully intersected porphyry dykes associated with the FW system and returned weak

but persistent gold anomalism throughout altered amygdaloidal basalts, with a peak assay of 0.5 g/t Au, confirming the

fertility of the FW stratigraphy.

ALJ-25-018 (extension)

Hole ALJ-25-018, also originally completed in 2024, was extended by 93 m to a total depth of 570 m and intersected a

significant mineralized interval at the bottom of the hole, grading 2.57 g/t Au over 2.0 m, including 4.63 g/t Au over 1.0

m, within altered FW amygdaloidal basalts. The strength of gold mineralization at the end of the hole indicates the FW

system remains open at depth, and this hole is planned to be extended again in 2026 to continue testing for new high-

grade zones.

These results build on the discovery of the FW4 Zone, which previously returned 4.22 g/t Au over 1.5 m (see press release

dated November 27, 2025 ), within a portion of the stratigraphy that has seen little to no historical drilling. Ongoing

geological modelling has significantly improved understanding of up-dip projections within the FW, opening a new search

space for near-surface and deeper drill testing in 2026.

Anders Carlson, Vice President of Exploration at GFG commented, “These results represent an important step forward

in our understanding of the Aljo gold system. Infill drilling continues to demonstrate strong grade and structural continuity

within the HW and Main Zones, while deeper drilling and hole extensions are expanding the FW system into areas that have

seen little to no historical testing.”

“The intersection of high-grade mineralization at depth, including one of the highest gram-metre intervals drilled at Aljo to

date, confirms that the system remains open and well mineralized below the historical workings. Importantly, ongoing

geological modelling is improving our ability to project these zones both up-dip and along strike, which will directly inform

more aggressive step-out and near-surface drill testing planned for 2026.”

Table 1: Summary of Phase 2-2025 Aljo Mine Project Assay Results to Date(1)

Hole ID From (m) To (m) Length (m) Au (g/t) Zone Visible Gold

ALJ-25-013ext NSI

ALJ-25-018ext 568.0 570.0 2.0 2.57 FW

incl. 569.0 570.0 1.0 4.63 FW

ALJ-25-031 124.8 126.3 1.5 1.18 HW

and 133.1 134.6 1.5 4.67 HW

and 251.9 252.7 0.8 1.97 Main

and 268.9 270.4 1.5 2.51 Main

and 325.6 326.4 0.8 11.40 Main

ALJ-25-032 29.5 34.0 4.5 3.68 HW 

incl. 29.5 30.0 0.5 17.40 HW 

and 89.3 92.0 2.7 2.80 HW

and 130.0 131.0 1.0 2.86 Main

and 146.9 147.7 0.8 4.92 Main 

and 167.0 168.0 1.0 1.40 Main

ALJ-25-033 25.2 31.0 5.8 2.03 HW 

incl. 27.2 27.7 0.5 10.40 HW 

ALJ-25-034 62.4 63.6 1.2 1.27 HW

and 74.0 75.0 1.0 1.08 HW

ALJ-25-035 147.3 150.4 3.1 0.98 HW

and 159.9 162.0 2.1 10.45 HW 

incl. 159.9 160.9 0.9 22.90 HW 

and 171.2 186.5 15.3 1.51 HW 

incl. 175.0 175.9 0.9 6.98 HW 

ALJ-25-0362 291.3 342.8 51.5 1.01 HW

incl. 321.0 326.0 5.0 6.36 HW

Previously Released 2025 Phase 2 Assays

ALJ-25-029 7.7 22.0 14.3 1.46 HW 

incl. 19.5 20.5 1.0 9.36 HW 

and 30.5 45.0 14.5 0.58 HW 

and 50.5 58.8 8.3 0.52 HW

and 127.8 128.8 1.0 2.74 Main

and 131.5 132.2 0.7 6.65 Main

and 190.0 199.0 9.0 1.15 Main

incl. 197.0 198.0 1.0 3.55 Main

and 335.0 341.5 6.5 1.15 FW3

incl. 339.3 340.0 0.7 4.13 FW3

and 389.0 390.5 1.5 4.22 FW4

ALJ-25-030 11.5 82.5 71.0 1.05 HW 

incl. 15.5 18.5 3.0 7.51 HW 

also incl. 26.0 27.0 1.0 3.26 HW

also incl. 31.5 32.8 1.3 4.97 HW

also incl. 46.5 47.5 1.0 4.09 HW

also incl. 70.5 72.5 2.0 6.39 HW 

also incl. 77.5 78.5 1.0 5.00 HW

and 97.5 99.0 1.5 2.83 HW

and 113.4 114.5 1.1 1.01 HW

and 176.0 177.0 1.0 1.00 Main

and 209.5 212.0 2.5 1.28 Main

and 224.0 225.0 1.0 1.88 Main

1Drill intercepts are presented using a 0.20 g/t Au cut-off and as drilled length with a minimum 1 gram-metre product. Composites include internal

dilution of up to 3 m at grades less than 0.20 g/t Au. Included intervals are calculated using a 3 g/t cut-off at a minimum 1 gram-metre product unless

otherwise stated. True width is estimated to be 30 to 90% drilled length.

2 Includes a single 5 metre interval below 0.2 g/t Au cut-off

NSI = No Significant Intercept

Figure 1: Regional Map of GFG Gold Projects in the Timmins Gold District

Figure 2: Goldarm Property Plan View Map

Figure 3: Aljo Gold Project Plan View Map(1)

Figure 4: Aljo Gold Project Cross Section(1)

About the Aljo Gold Project

The Aljo Gold Project lies within GFG’s Goldarm Property, located in the world-class Timmins Gold District of

northeastern Ontario. The project is situated near the Porcupine-Destor Deformation Zone, includes historical underground

workings, and is proximal to mills, roads, and power infrastructure providing excellent potential for discovery and future

development in a tier-one mining jurisdiction.

About GFG Resources Inc.

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

jurisdictions. The Company operates three gold projects, each hosting 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.

For further information, please contact:

Brian Skanderbeg, President & CEO

Marc Lepage, Vice President, Business Development

Phone: (306) 931-0930

Email: [email protected]

Website: www.gfgresources.com

Stay Connected with Us

X (Twitter): GFGResources

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

Facebook: https://www.facebook.com/GFGResourcesInc/

Footnotes:

(1) Drill intercepts are presented using a 0.2 g/t Au cut-off and as drilled length. Composites include internal dilution of up

to 3 m at grades less than 0.2 g/t Au.  Included intervals are calculated using a 3 g/t cut-off at a minimum 1 gram -metre

product unless otherwise stated. True width is estimated to be 30 to 90% of drilled length. Sampling protocols, quality

control and assurance measures and geochemical results related to historic drill core samples quoted in this news release

have not been verified by the Qualified Person and therefore must be regarded as estimates.

(2) Includes a single 8.5 metre interval below 0.2 g/t Au cut-off.

(3) Historic assays have not been reviewed by the QP and should not be relied upon. Historical references reported herein

are based on the following reports:

Nahanni: Historical drill intercepts are referenced from the 1981 Nahanni Mines Ltd. assessment report #42A10NE0022.

Carr: Historical drill intercepts are referenced from the 1995 Pentland Firth Ventures Ltd. assessment report

#42A09SW0170.

McCristie: Historical drill intercepts and showings referenced from the 1983 N. McCristie assessment report

#42A09NW0131.

Fournier: Historical drill intercepts and showings referenced from the 1987 E. Fournier assessment report

#42A09NW0111.

Sampling and Quality Control

All scientific and technical information contained in this press release has been prepared under the supervision of Anders

Carlson, P.Geo. and Vice President, Exploration of GFG, a qualified person within the meaning of National Instrument 43-

101.

Drill core samples are being analyzed for gold by Activation Laboratories Ltd. in Timmins, Ontario. Gold analysis consists

of the preparation of a 500- gram pulp and an assay of a 50- gram aliquot by Pb collection fire assay with an Atomic

Absorption Spectrometry finish (Package 1A2- 50. Samples assaying above 5 ppm Au are routinely re -run using a

gravimetric finish (Package 1A3-50). Selected samples are analysed by metallic screen method (Package 1A4) using a 100-

mesh to better determine the size of gold grains in the system. Selected samples are also undergoing multi-element analysis

for 59 other elements using a four-acid digestion and an ICP-MS finish (Package MA250) by Bureau Veritas Commodities

Canada Ltd. in Vancouver, British Columbia. Quality control and assurance measures include the monitoring of results for

inserted certified reference materials, coarse blanks and preparation duplicates of drill core.

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.

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 future exploration plans with respect to its property interests and the

timing thereof, the prospective nature of the p rojects, 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 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 will continue to support the development of mining projects. 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 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 government approvals or financing; and other risks and uncertainties. These risks and uncertainties and the additional risks described in the Company’s

most recently filed annual and interim MD&A 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 cont ained 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.

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