G2 Goldfields Receives Court Approval for Arrangement With G Mining and Spin-Out of G3 Goldfields

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with the Company’s plan of arrangement (the “Arrangement”) involving G2, G Mining Ventures Corp. (“GMIN”), and G3 Goldfields Inc. (“G3”) whereby GMIN will, among other things, acquire all of the issued and outstanding common shares of G2 (the “G2 Shares”) and G2 will complete the spin-out of G3 (the “Spin-Out”). Pursuant to the Arrangement, holders of G2 Shares will receive 0.212 of a common share of GMIN and 0.5 of a common share of G3 for each G2 Share held as of the close of business on the business day immediately prior to the Effective Date (the “Consideration”).