Reunion Gold Corporation entered into a arrangement agreement to Spin-Off 80.1% stake in Greenheart Gold Inc. on April 22, 2024. In a related transaction, G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire Reunion Gold Corporation (TSXV:RGD) from Dundee Corporation (TSX:DC.A), La Mancha Investments S.à r.l. and others for approximately CAD 800 million. Upon completion of the Transaction, existing GMIN and RGD shareholders will own approximately 57% and 43% of the combined company on a fully-diluted in-the-money basis prior to the concurrent CAD 68.635 million equity financing, and the combined company and RGD shareholders will own 19.9% and 80.1%, respectively, of the outstanding common shares of SpinCo. The Agreement has been unanimously approved by the disinterested Directors of the Boards of GMIN and RGD following the unanimous recommendations of each of the Special Committees of independent directors of GMIN and RGD. The disinterested Directors of the Boards of GMIN and RGD each unanimously recommend that their respective shareholders vote in favor of the Transaction.

The Transaction is subject to the receipt of required securityholder, court and TSX approvals and other closing conditions customary in transactions of this nature. The Transaction is expected to be completed in Q3 2024. BMO Nesbitt Burns Inc. is acting as financial advisor and fairness opinion provider to RGD and its Board of Directors. Jay C. Kellerman and Daniel Borlack of Stikeman Elliott LLP acting as RGD's legal advisor. SCP Resource Finance acted as financial advisor and fairness opinion provider to RGD's Special Committee. Computershare Trust Company of Canada acted as depositary to GMIN and RGD.