GFG Resources Inc. (TSX-V: GFG | OTCQB: GFGSF) 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, located on the Company’s Goldarm Property 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
  • 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
  • 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 advance 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 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 FW Zone, FW4 (see press releases dated November 27, 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 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:
  • 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
  • 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:
  • FW3 Zone: 1.15 g/t Au over 6.5 m in ALJ-25-029
  • New FW4 Zone: 4.22 g/t Au over 1.5 m in ALJ-25-029
• High-grade and broad HW intercepts, including:
  • ALJ-25-036: 1.01 g/t Au over 51.5 m, including 6.36 g/t Au over 5.0 m
  • 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 grow the FW 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.

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 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⁾

⁽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.

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.