G2 Goldfields Inc. ('G2' or the 'Company') (TSXV: GTWO; OTCQX: GUYGF) announces further exploration results from the Company's ongoing exploration program at the 19,200-acre OKO Project, Guyana.

Drilling and trenching have expanded the Ghanie Zone to a strike length of 1 km as shallow drilling has consistently intercepted near surface gold mineralization. Additionally, recent assay results from mechanical trenching in the northern end of the target area demonstrate the zone remains open to the north and follow up drilling is currently ongoing.

To date G2 has completed 55 diamond drill holes totalling 7,867m at the Ghanie Discovery. Assay results are currently available for holes 21 through 30 - a complete table of results is available here. Highlights of the current round of results include: Hole GDD-21 returned 2.3 g/t Au over 44.5m (25.5 - 70m)

This hole is a 33m step out to the north of GDD-18 which intercepted 2.2 g/t Au over 25m

Hole GDD-26 intercepted 4.1 g/t Au over 26.5m (84.5 - 111m)

This hole targeted the down-dip extension 31m below hole GDD-19 (2.0 g/t over 28.6m)

Hole GDD-30 returned 7.3 g/t Au over 16.5m (105.5 - 125m)

GDD-30 is one of the deepest holes drilled to date at Ghanie and demonstrates the down-plunge continuity of high grade intercepted in GDD-10 (5.1 g/t over 26.6m)

Below is a plan view of the Ghanie Zone and Southern OKO.

About G2 Goldfields Inc.

The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana's largest gold mine. G2 recently announced its maiden mineral resource estimate on the newly discovered Oko property in Guyana, and has recently filed on SEDAR an independent technical report entitled 'NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold property, Cooperative Republic of Guyana, South America', with an effective date of April 14, 2022.

Highlights of the report include: 974,000 oz. Au - Inferred Mineral Resource contained within 3,274,000 tonnes @ 9.25 g/t Au and 220,000 oz. Au - Indicated Mineral Resource contained within 793,000 tonnes @ 8.63 g/t Au.

Significantly, all of the maiden mineral resources lie within 350 meters of surface and remain open down plunge. G2 continues to expand this maiden resource while discovering additional areas for diamond drilling.

Contact:

Tel: +1.416.628.5904

Email: news@g2goldfields.com

Forward-Looking Statements

This news release contains certain forward-looking statements, including, but not limited to, statements about the Offering, including the expected closing date, the proposed use of proceeds, approval of the TSXV, and insider participation. Wherever possible, words such as 'may', 'will', 'should', 'could', 'expect', 'plan', 'intend', 'anticipate', 'believe', 'estimate', 'predict' or 'potential' or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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