GFG Resources Inc. reported initial gold assay results from its recently completed 2023 Phase 2 drill program from its Montclerg Gold Project, located 40 kilometres ("km") east of Timmins, Ontario. The results released are from three drill holes completed along the Montclerg gold system where GFG has continuously proven and grown a robust gold system since the Company acquired the asset in October 2021. In the Phase 2 drill program the Company completed a total of 3,613 m from 15 holes (7 at Montclerg and 8 at the Aljo Mine Target ("Aljo")).

The Phase 2 drill program focused on step-out and in-fill drilling at Montclerg and to test a spectrum of targets at Aljo located within the Goldarm Property east ofTimmins, Ontario. In addition to the results, the Company is optimistic that the remaining 12 holes will return strong results as significant mineralized zones were observed.