| Vancouver, British Columbia – December 30, 2022 – GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on December 16, 2022, by issuing 1,375,000 flow through units at a price of $0.08 cents per unit for gross proceeds of $110,000. Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.10 for 24 months after closing. |
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| Proceeds from the private placement will be used for the continued exploration work on the Gold Drop Property in the Greenwood mining camp of south-central British Columbia. All securities issued in connection with the Offering will be subject to a hold period expiring April 29, 2023. The Company paid no commission for this tranche. The closing of the private placement is subject to final TSX-V approval. |
| On Behalf of the Board of Directors Quinn Field-Dyte, President 604-488-3900 Office@GGXgold.com Investor Relations: IR@GGXgold.com |
