GGL.V · 2023-07-12 12:00:00

GGL Discovers a Copper-Molybdenum-Gold Porphyry at its Gold Point Project, Nevada

Exploration Programs

Vancouver, BC – July 12, 202 3 – GGL Resources Corp. (TSX -V: GGL) (“GGL” or the “Company ”)

announces the discovery of a previously unrecognized copper-molybdenum-gold porphyry system at its

road-accessible Gold Point Project in the Walker Lane Trend of Western Nevada. The porphyry target,

referred to as Le Champ D e Gold Point (“Le Champ”), was first identified through routine c ontour soil

sampling late last year and has since been better defined by additional soil and rock sampling, helicopter -

borne magnetic and radiometric surveys and reconnaissance-scale geological mapping and prospecting.

Le Champ is located about 3.5 km west of the gold-rich veins that have been the focus of historical

exploration at Gold Point. The porphyry target lies within the Jurassic-age, Sylvania Granitic Complex.

This pluton is similar in age to intrusions that host large porphyry systems in the Yerington district of

Walker Lane, 249 km to the northwest. The best -known deposits in the Yerington District are the former

Yerington Mine, which was operated by Anaconda , and the Ann Mason deposit owned by Hud bay

Minerals.

“GGL feels that this discovery has very important implications for the potential economics of the Gold

Point Project” states CEO Doug Eaton. “The possibility of a large porphyry deposit adds a whole new

dimension to our exploration efforts and builds on the success of our previous work to eva luate the high-

grade veins. GGL expects to be active on both fronts in the coming months.”

Contour soil sampling has identified a number of areas of anomalous copper and molybdenum associated

with strongly altered granodiorite. Peak values are located near large talus trains containing highly fractured

and pitted rocks coated with goethite, limonite and jarosite. The strongest string of samples yield ed

molybdenum between 22 ppm and 975 ppm and copper ranging from 48 ppm to 300 ppm, over a length of

480 m.

Rocks in the Le Champ area have been oxidized and leached of mobile metals as a result of intense and

long-lived surface weathering. The depth of the leached cap at Le Champ is not known, however oxidation

at some of the veins in the Gold Point district extends to more than 270 m below surface. Numerous rock

samples from Le Champ have returned strongly elevated molybdenum values ranging from 200 ppm to 407

ppm. Peak values for other metals include 713 ppm copper, 0.28 g/t gold and 3.91 g/t silver. Abundant

malachite and azurite are found locally in fringing veins located immediately north of the porphyry target.

Samples from these veins returned 0.04% to 6.3% copper, 3 ppm to 6,820 ppm molybdenum and 0.01 g/t

to 3.45 g/t gold.