NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) is pleased to announce multiple high-grade drilling intercepts from the Company’s ongoing drilling program at the 19,200-acre Oko-Aremu property, Region 7, Guyana. G2 Goldfields has completed 63 diamond drill holes to date, totalling 13,971 metres.Drilling has shown that within the Oko mine area, high-grade gold mineralization is hosted in (i) shallow, north plunging zones, and (ii) in steeply dipping limbs of tightly folded carbonaceous sediments. The Company emphasizes that only a small part of the property has been drilled to date, with drilling imminent on significant new zones, including the 4 km long Aremu Mine Zone.Oko Main Drilling ZoneDiamond drilling has intercepted the best mineralized section to date with hole OKD-54 intercepting three zones of mineralization including 6.7 m @ 10.5 g/t Au, 3.2 m @ 8.4 g/t Au, and 10.1 m @ 2.1 g/t Au. This hole extended high-grade gold mineralization to 210 metres vertical depth, 95 metres down dip from previously reported hole OK-35 (25 m @ 2.2 g/t Au and 4.8 m @ 10.6 g/t Au. See press release dated May 26, 2020). OKD-54 is situated on the northernmost section of the 750-metre-long Oko Main Zone, with mineralization remaining open to the north and south.A cross-section of holes OKD-54 and OKD-35 is displayed as Figure 1 or available at the following link https://g2goldfields.com/wp-content/uploads/2020/08/PRAugust_Figure1-scaled.jpg. Highlights of six most recent drill results are available in Table 1 or at the following link https://g2goldfields.com/wp-content/uploads/2020/08/PRAugust_Table1.pdf. A list of completed drill hole locations is available at the following link https://g2goldfields.com/wp-content/uploads/2020/07/DrillHoleLocations.pdf. A Media Snippet accompanying this announcement is available by clicking on the image or link below:

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