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Great Pacific Gold Announces Upsized $16.9 Million Private Placement Financing led by Canaccord Genuity Corp.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold," "GPAC," or the "Company") (TSXV:GPAC) (OTCQX:FSXLF) (Germany: V3H) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. ("Canaccord Genuity") on behalf of a syndicate of agents (collectively the "Agents") to increase the size of its previously announced best efforts private placement of units of the Company (the "Units") to raise gross proceeds of $16,944,840 (the "Offering"), consisting of 37,655,200 at a price of $0.45 per Unit (the "Offering Price").

Each Unit will consist of one (1) common share of the Company (a "Common Share") and one-half (1/2) of one Common Share purchase warrant (each whole Common Share purchase warrant a "Warrant"), with each whole Warrant exercisable to purchase one (1) additional Common Share (a "Warrant Share") at a price of $0.70 per Warrant Share for a period of three years following closing of the Offering.

The Units will be offered pursuant to Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada (other than the province of Quebec), and in other qualifying jurisdictions outside of Canada that are mutually agreed to by the Company and the Agents on a private placement basis pursuant to relevant prospectus and registration exemptions in accordance with applicable laws. The securities issued under the Offering to Canadian subscribers will not be subject to a hold period in Canada.

There is an offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at gpacgold.com. Prospective investors should read the Offering Document before making an investment decision.

The net proceeds of the Offering will be used for drilling at ...