GFG Expands Aljo Gold System 150 m East with Step-Out Results of 7.23 g/t Au over 2.0 m as Discovery-Driven Exploration Advances Across Goldarm
Media Release
TSX.V: GFG | OTCQB: GFGSF
GFG Expands Aljo Gold System 150 m East with Step-Out Results of 7.23 g/t
Au over 2.0 m as Discovery-Driven Exploration Advances Across Goldarm
February 10, 2026 – Saskatoon, Saskatchewan, Canada – GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF )
(“GFG” or the “ Company”) reports results from the final two drill holes completed as part of its 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 – 3 and Table 1).
Holes ALJ-25-037 and ALJ-25-038 were 125-150 metre (“m”) step-out holes to the east of the historic Aljo Gold Mine and
confirm that gold mineralization extends well beyond the known limits of the mine workings. These results materially
expand the footprint of the Aljo gold system and further demonstrate its scale, continuity, and growth potential.
Highlights:
• First high-grade intercepts east of the diabase dyke in the Hangingwall (“HW”) Zone
o 1.23 grams of gold per tonne (“g/t Au”) over 16.0 m, including 7.23 g/t Au over 2.0 m (ALJ-25-037)
• Main Zone successfully extended east of historical mine workings
o Multiple near-surface and stacked gold intercepts, including 2.23 g/t Au over 5.3 m, including 13.30
g/t Au over 0.5 m (ALJ-25-038)
• Strong grade and structural continuity confirmed within a broad mineralized envelope extending 125–150
m east of historic mine
• Phase 2 drill results support down-dip and strike expansion and validate future larger step-out drilling
• Aggressive 6,000 m follow-up drill program planned with drilling to resume in H1-2026
Brian Skanderbeg, President and CEO of GFG stated , “These eastern step -out results are a clear validation of our
strategy at Aljo. Multiple holes have now returned high- grade gold at shallow depths well beyond the historical mine
workings, demonstrating strong potential to grow both the Main and HW Zones to the east. When combined with our recent
bulk-tonnage intercepts, historical and recent high-grade results, and successful step -outs to the west, Aljo continues to
show continuity and expansion potential in multiple directions. With over 6,000 m of drilling planned in 2026 and
preliminary metallurgical testing advancing, we believe Aljo is well positioned to continue evolving toward a significantly
larger gold system. Importantly, our strong balance sheet provides the flexibility to aggressively a dvance Aljo while
simultaneously funding district-scale exploration across our Goldarm portfolio.”
Phase 2-2025 Program Overview
The Phase 2-2025 drill program at Aljo was designed to confirm and expand gold mineralization across the Main, HW, and
Footwall (“ FW”) Zones. Infill and step -out drilling in the Main and HW Zones confirmed continuity, expanded
mineralization at depth, and refined the geological model. Drilling in the FW Zones successfully extended the FW3 Zone
up-dip and led to the discovery of a new F W Zone, FW4 ( see press release s dated November27, 2025 and January 21,
2026).
The program also included large step- out drilling to the east across a north –south-oriented diabase dyke to test potential
extensions of the Aljo Gold System beyond historical mining limits.
New Drill Results – Large Eastern Step-Outs
ALJ-25-037 – East HW Zone Extension
Hole ALJ-25-037 was drilled as a 150 m step-out east across the diabase dyke and is the first hole at Aljo to return significant
high-grade gold mineralization in the HW Zone east of the dyke. The hole was collared in HW ultramafic rocks and
intersected the mafic volcanic contact at 86 m downhole.
The East HW Zone was intersected at 132 m downhole, returning 1.23 g/t Au over 16.0 m, including a higher-grade core of
7.23 g/t Au over 2.0 m. Mineralization consists of north-east-striking, sulphide-bearing quartz-carbonate veins and veinlets
2
hosted within pillowed, amygdaloidal mafic volcanic flows and associated breccias, proximal to intermediate porphyry
dykes.
Additional mineralized intervals were encountered further downhole, including 2.4 g/t Au over 1.8 m, which includes 5.00
g/t Au over 0.8 m from 170.9 m. These zones are hosted in similar mafic volcanic rocks and remain closely associated with
porphyry intrusions.
ALJ-25-038 – East Main Zone Extension
Hole ALJ-25-038 represents a 125 m step-out east across the diabase dyke and tested the Main Zone for the first time east
of the historical mine workings. Gold mineralization was intersected near surface beginning at 5.2 m downhole, with
multiple stacked intervals returned, including:
• 1.28 g/t Au over 7.1 m from 65.2 m
• 3.21 g/t Au over 2.4 m from 93.8 m
• 2.23 g/t Au over 5.3 m, including 13.30 g/t Au over 0.5 m, from 123.0 m
Mineralization comprises sheeted, north -east-striking, sulphide -bearing quartz -carbonate veins and veinlets hosted in
altered, mafic volcanic flows. These intercepts correlate strongly with high -grade, visible -gold-bearing Main Zone
mineralization encountered approximately 125 m to the west.
System Growth and Scale
Collectively, results from ALJ-25-037 and ALJ-25-038 demonstrate strong grade and structural continuity 125–150 m east
of the historic Aljo Gold Mine. When combined with previously reported results, including 1.01 g/t Au over 51.5 m,
including 6.36 g/t Au over 5.0 m in ALJ-25-036 (see press release dated January 21, 2026), the Aljo gold system is now
significantly expanded both down-dip and along strike (see Figure 4).
These results confirm that larger step -out drilling is successfully extending the system, highlighting scale that was not
historically recognized and reinforcing Aljo’s potential to evolve toward a robust resource-scale gold system.
Previously Announced Phase 2-2025 Highlights
• Broad and near-surface HW intercepts, including:
o 1.05 g/t Au over 71.0 m from 11.5 m, including visible gold and 7.51 g/t Au over 3.0 m, in ALJ-25-030
o 1.46 g/t Au over 14.3 m, including 9.36 g/t Au over 1.0 m, with visible gold, in ALJ-25-029
• Expanded FW system, including:
o FW3 Zone: 1.15 g/t Au over 6.5 m in ALJ-25-029
o New FW4 Zone: 4.22 g/t Au over 1.5 m in ALJ-25-029
• High-grade and broad HW intercepts, including:
o ALJ-25-036: 1.01 g/t Au over 51.5 m, including 6.36 g/t Au over 5.0 m
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
• Infill drilling confirms continuity in both HW and Main Zones with visible gold locally
Anders Carlson, Vice President of Exploration at GFG commented, “What’s particularly encouraging about these
eastern step-outs is that we’re seeing all the right geological ingredients for continued growth—porphyry dyking, broad
gold anomalism, favourable host rocks, and well -developed vein sets—mirroring the controls on mineralization closer to
the mine. The system remains open along strike and at depth, and future drilling will focus on expanding the Main and HW
Zones east and west, while continuing to gr ow the F W corridor. At the same time, we are aggressively advancing our
regional exploration strategy at Goldarm, with a 90-hole sonic base-of-till program and a 2,500 m first-pass diamond drilling
campaign targeting priority corridors along the Pipestone Deformation Zone. These programs are well advanced, scheduled
for completion in Q1, and represent the final stage of earn- in expenditures on the WWCC Property, which is part of
Goldarm, positioning GFG for both near-term growth at Aljo and new discovery upside across the district.”
Next Steps – 2026 Exploration Program
GFG is well -financed and positioned to execute an aggressive, multi -pronged exploration program in 2026, designed to
both advance Aljo toward resource -scale definition and unlock new discoveries across the broader Goldarm and Pen
properties.
3
Aljo Gold Project – Resource Growth Focus
At Aljo, drilling will continue to focus on systematic infill and step-out drilling across the HW, Main, and FW Zones, with
priority placed on expanding mineralization along strike and at depth. Emphasis will be placed on the HW Zone below
historical mine workings and the emerging FW corridor, where recent drilling has outlined new zones of gold mineralization.
Continued eastern and western step-outs will aim to further expand the overall footprint of the Aljo gold system.
Goldarm Property – District-Scale Discovery Engine
In parallel, GFG is advancing a district -scale regional exploration program across priority corridors on the Goldarm
Property. A 90-hole sonic drilling program, of which 45 holes have been completed to date, targeting base-of-till (“BOT”)
and top-of-bedrock sampling along the approximately 15 km Pipestone Fault corridor commenced in late 2025, forming the
foundation of a multi-year regional exploration strategy. This program is complemented by diamond drilling of high-priority
regional targets generated through integrated geological, structural, and geophysical analysis.
Pen Property – Target Advancement
At the Pen Property west of Timmins, GFG continues to refine and prioritize regional targets based on encouraging drilling,
newly acquired IP data, and extensive BOT sampling. Highly anomalous gold- grain counts and pathfinder mineral
associations define fertile structural corridors slated for drill testing in 2026.
Strategic Outlook
GFG’s 2026 exploration strategy reflects a clear 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. Continued growth drilling at Aljo, combined with systematic regional exploration across Goldarm and
Pen, positions the Company for a catalyst-rich year ahead with meaningful discovery and growth potential.
Table 1: Summary of Phase 2-2025 Aljo Gold Project Assay Results (1)
Hole ID From (m) To (m) Length (m) Au (g/t) Zone Visible Gold
ALJ-25-037 132.0 148.0 16.0 1.23 East HW
incl. 142.0 144.0 2.0 7.23 East HW
and 156.2 158.2 2.0 1.07 East HW
and 170.9 172.7 1.8 2.40 East HW
incl. 171.9 172.7 0.8 5.00 East HW
ALJ-25-038 5.2 8.2 3.0 1.15 East Main
and 65.2 72.3 7.1 1.28 East Main
and 93.8 96.2 2.4 3.21 East Main
and 123.0 128.3 5.3 2.23 East Main
incl. 124.9 125.4 0.5 13.30 East Main
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
4
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
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 297.6 298.1 0.5 1.27 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-25-036(3) 291.3 342.8 51.5 1.01 HW
incl. 321.0 326.0 5.0 6.36 HW
(1)Drill 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 8.5 metre interval below 0.2 g/t Au cut-off
(3) Includes a single 5 metre interval below 0.2 g/t Au cut-off.
5
Figure 1: Regional Map of GFG Gold Projects in the Timmins Gold District
Figure 2: Goldarm Property Plan View Map
6
Figure 3: Aljo Gold Project Plan View Map(1)
7
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.
8
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
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) Includes a single 5 metre interval below 0.2 g/t Au cut-off.
(4) 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”,