GFG Receives Final Payment from the Sale of its Rattlesnake Hills Gold Project
Media Release
TSX.V: GFG | OTCQB: GFGSF
GFG Receives Final Payment from the Sale of its Rattlesnake Hills Gold
Project
December
22, 2025, Saskatoon,
Saskatchewan, Canada: GFG R esources In c. (TSXV: GFG) (OTCQB:
GFGSF) (“GFG” or the “Company”) announces that it has received the final cash payment of C$1.0 million from
the sale (the “ Transaction”) of its Rattlesnake Hills Gold Project (the “Project ”) to Roxmore Resources
Inc
. (“Roxmore”)
, previously referred to as Patriot Gold Vault Ltd., a wholly owned subsidiary of Axcap Ventures
Inc. Under the terms of the Transaction, Roxmore has paid GFG an aggregate payment of approximately C$3.3
million (see press release dated December 16, 2025).
Transaction Terms
Roxmore has now acquired 100% interest in the Project from the following terms:
• Cash payments totalling C$2.7 million consisting of:
o C$250,000 to GFG on signing of the binding letter of intent;
o C$250,000 to GFG upon the execution and delivery of a definitive agreement;
o C$1,200,000 to GFG on closing of the transaction; and
o C$1,000,000 on December 12, 2025.
Additional Transaction Terms
• Issued to GFG 3,061,224 common shares of Roxmore (the “Consideration Shares”) having a deemed
value of C$581,633.
• Roxmore has assumed environmental liability for the Project and has replaced GFG’s US$219,000
reclamation bond.
• If a National Instrument 43-101 resource estimate in the Project reveals a mineral resource of greater than
3,000,000 ounces of gold in a Measured and Indicated or Inferred category, Roxmore will pay to GFG a
further C$1 per total mineral resource ounce in cash or common shares of Roxmore , at the election of
Roxmore.
About GFG Resources Inc.
GFG is a North American precious metals exploration company focused on district scale gold projects in tier one
mining jurisdictions. T he 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:
Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: [email protected]
Website: www.gfgresources.com
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ther TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
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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, disclosure regarding possible events, exploration plans
and expected results, conditions or financial performance that is based on assumptions about future economic conditions and courses of action, planned use of
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forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of managemen t, the assumed
long-term price of gold, that the current exploration and other objectives concerning its mineral projects can be achieved and that its other corporate activities
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economic and political conditions and operations; and that general business and economic conditions will not change in a materially adverse manner.
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rward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
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Alth
ough GFG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward -looking
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Fo
rward-looking statements in this news release are made as of the date hereof and GFG assume no obligation to update any forward -looking statements,
except as required by applicable laws.