G2 Goldfields' Strategic Split: A Blueprint for Value in Guyana

TORONTO, ON – November 27, 2025 – In a move that signals a sharp strategic pivot, shareholders of G2 Goldfields Inc. have overwhelmingly approved a plan to cleave the company in two. The vote, held earlier today, greenlights the spin-out of a portfolio of “non-core” assets into a new, independent entity to be named G3 Goldfields Inc. This is far more than a simple corporate reorganization; it is a calculated maneuver designed to unlock value by creating two distinct, highly focused investment vehicles poised to capitalize on the immense mineral wealth of the Guiana Shield.

With near-unanimous approval for the plan of arrangement—a staggering 99.96% of votes cast in favor—it’s clear that investors have embraced management’s vision. The transaction will see G2 shareholders receive one share of the new G3 for every two G2 shares they hold, effectively giving them ownership in two complementary companies. G2 will retain its flagship, high-grade Oko gold project, while G3 will be seeded with an extensive land package and C$15 million in cash to pursue an aggressive, discovery-focused exploration program. The market is betting this division will lead to a multiplication of value.

A Tale of Two Companies

The strategic logic behind the spin-out is compelling. It resolves a classic conglomerate discount problem, where the immense potential of a flagship asset can overshadow a portfolio of promising, earlier-stage projects. By separating them, each company can now tell a clearer story to investors and attract capital best suited to its specific mission.

For the newly streamlined G2 Goldfields, the mission is singular: advance the Oko gold project towards a potential sale. The company’s strategy has always been to explore and de-risk assets to the point of acquisition, not to become a mine operator. The spin-out sharpens this focus razor-thin. The Oko project is undoubtedly the company’s crown jewel, and recent data underscores why. A March 2025 mineral resource estimate revealed a world-class deposit, with indicated resources swelling by 60% to 1.5 million ounces of gold and inferred resources climbing 49% to 1.6 million ounces. Critically, this includes high-grade, near-surface zones within the Oko Main Zone, such as an indicated 609,000 ounces at a remarkable 10.25 grams per tonne (g/t) gold. With an updated resource estimate expected imminently and a Preliminary Economic Assessment (PEA) on the horizon, G2 is now a de-risking story centered on a large, high-grade asset that is increasingly rare in the gold sector.

Meanwhile, G3 Goldfields will emerge as a pure-play exploration powerhouse. It will inherit a vast 87,614-acre land package and, crucially, the capital to properly explore it. This portfolio is not merely a collection of secondary afterthoughts. It includes historically significant properties like the Peters Mine, which was Guyana’s highest-grade historical gold producer, yielding 41,000 ounces at an astonishing average grade of over 28 g/t between 1905 and 1910. G3 will also control the Aremu Mine property and other prospective land holdings in the Cuyuni and Puruni districts. With a C$15 million war chest, G3 is not just being set adrift; it is being launched with the explicit mandate to find the next major discovery in Guyana. This creates a higher-risk, higher-reward proposition that will appeal to investors with an appetite for grassroots exploration success.

Reshaping Guyana's Exploration Landscape

The creation of G3 Goldfields is a significant event for Guyana’s mining sector. The Guiana Shield, which underlies much of the country, is one of the most prospective and underexplored geological formations on the planet, known to host over 110 million ounces of gold. The emergence of a new, well-funded exploration company dedicated to systematically testing a large swath of this territory is a welcome development.

This move demonstrates a dynamic approach to portfolio management. The very definition of “core” versus “non-core” has been fluid, highlighted by a new gold discovery in March 2025 on properties originally earmarked for G3. This prompted G2 to reclassify and retain those specific assets, showing that the company is making data-driven decisions to maximize value. G3 will now apply that same focused lens to its own extensive portfolio. Instead of competing for capital and attention within a single corporate structure, G3’s exploration programs at sites like Peters Mine and Aremu can now proceed on their own merits and timelines, potentially accelerating the pace of discovery in the region.

Unpacking the Dual Investment Opportunity

For existing G2 shareholders, this transaction is a clear value-add. They retain their full stake in the de-risking Oko project while gaining a new, pro-rata stake in a well-funded exploration venture at no additional cost. This effectively transforms a single holding into a diversified portfolio of two distinct gold investment strategies. Post-spin-out, an investor’s portfolio will contain both a development-stage company with a defined, high-grade resource and a nimble explorer hunting for a multi-million-ounce discovery.

Market sentiment has already validated this strategy. G2’s stock has seen significant appreciation over the past year as details of the spin-out plan emerged, reflecting investor confidence that the sum of the parts will indeed be greater than the whole. The path forward is now clear. Following today’s shareholder vote, the final hurdles include a court hearing for approval scheduled for December 3, 2025, and final sign-offs from regulators, including the Toronto Stock Exchange. The company expects the entire transaction to be completed in the first quarter of 2026.

By creating two specialized entities, G2 Goldfields is not just restructuring its balance sheet; it is tailoring its assets to the capital markets. This strategic split provides investors with clarity, choice, and two distinct pathways to participate in one of the world’s most exciting gold exploration frontiers.