New Surface Discovery Continues To Be Defined And Expanded

TORONTO - G2 Goldfields Inc. reported on the ongoing diamond drilling and exploration initiatives in the greater Oko-Aremu District, Guyana. G2 currently holds exploration rights to 83,967 acres in the district which includes the Oko-Ghanie deposits hosting 1.5 million ounces of gold averaging 3.40 g/t Au (Indicated) and 1.6 million ounces of gold averaging 2.48 g/t Au (Inferred).

Diamond drilling continues to define and expand this exciting new surface discovery located 10 kilometres north of the Oko-Ghanie deposits. Drilling has now established a strike length of nearly 500m with the auriferous zone remaining open to the southwest and northeast. Significantly, almost all of the mineralized intercepts to date lie within near surface, heavily oxidized zones.

Geological mapping and gold-in-soil sampling has identified several parallel shear structures north of the current area of drilling. First pass scout drilling of these prominent targets will begin in the coming weeks in tandem with drilling in the southern discovery area.

Patrick Sheridan, Executive Chairman, said, “This latest discovery is very important as it has the potential to significantly expand and enhance our existing multi-million ounce resource at OKO, located only 10 kilometres to the south. Additionally, the regional geochemical work continues to deliver other high priority targets which we will systematically drill in the coming weeks and months.”