GFG Resources Inc. Joins The Stock Day Podcast to Discuss Their Upcoming Projects

Phoenix, October 30, 2019 - The Stock Day Podcast welcomed GFG Resources Inc. (OTCQB: GFGSF) ("the Company"), a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. President and CEO of the Company, Brian Skanderbeg, joined Stock Day host Everett Jolly.

Jolly began the interview by noting that the Company recently raised approximately $3.2 million. "How hard is it for a junior gold exploration company to raise money and what do you plan on doing with those proceeds?" asked Jolly. Skanderbeg explained that many companies in the junior gold exploration space experience difficulty when it comes to raising funds, however the Company has been very successful in this endeavor since they went public three years ago. In total, the Company has raised around $11 million US. "That's been a reflection of our company and the groups involved, and the quality assets we've created," said Skanderbeg, adding that the Company's primary goal is to locate a relevant gold deposit. "This is a discovery focused group."

Jolly then asked about the Company's new partnership with Newcrest Mining, which involves drilling at the Rattlesnake Hills Gold Project in Wyoming. "Newcrest is about the fourth or fifth largest gold company in the world. They are a large cap, and they produce about two and a half million ounces of gold per year," explained Skanderbeg. "They partnered with GFG because they saw a quality asset that they liked with a quality team that they liked," added Skanderbeg. "We're currently in a major drill program with Newcrest."

Skanderbeg than expanded on the potential of the drilling program with Newcrest, sharing that the results of this project will reflect on the market in quarter four. "We're partnered with the best-in-class, executing that program, and the results are coming in the next quarter," said Skanderbeg.

The conversation then turned to the Company's Timmins, ON project, which recently made an impressive discovery during its inaugural drill program. Skanderbeg shared that the Company is the second largest land holder in a major gold belt in Timmins, ON behind Newmont Goldcorp. He further explained that the Company raised about $3.2 million to fund additional drilling in this area and follow-up on its discoveries. "It's pretty exciting. There are multiple exploration targets, all within truckable distance of infrastructure," said Skanderbeg. "The game plan with Timmins is to shape up this discovery, and if we're successful at finding something of relevant size, GFG may be an acquisition target."

"You're going to see about 10,000 meters of drilling go into the ground in Timmins, and you'll see those results come out successfully over the next quarter," shared Skanderbeg. He further explained that with the Company's capital centered on the Timmins, ON project, and with the help of Newcrest in terms of capital at the Rattlesnake Hills Gold Project in Wyoming, the Company is very well balanced. "What shareholders and investors can look for is continuous catalysts moving through the next quarter and into 2020."

To close the interview, Skanderbeg shared that the Company is both well capitalized and well managed. "In a very tough junior gold space this is a company that is now financed to go and have success, and I think it's a great entry point," said Skanderbeg. He also encouraged shareholders to visit the Company's website and keep up-to-date on their current and upcoming projects.

To hear Brian Skanderbeg's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7410043-gfg-resources-inc-joins-the-stock-day-podcast-to-discuss-their-upcoming-projects

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About GFG Resources Inc.

GFG Resources Inc. is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company owns 100% of the Pen and Dore gold projects, two large and highly prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The Pen and the Dore gold projects have the same geological setting that hosts most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. In Wyoming, the Company has partnered with Newcrest Mining Ltd. through an option and earn-in agreement to advance the Rattlesnake Hills Gold Project. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

All statements, other than statements of historical fact, contained in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, the availability of financing, the receipt of all applicable regulatory approvals for the Offering, the timing and size of the Offering, the proposed use of proceeds of the Offering and the prospectivity of the Company's projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing and secure all requisite regulatory approvals, appropriate equipment and sufficient labour, and that the political environment within Canada and the United States will continue to support the development of mining projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the Rattlesnake Hill Gold Project, the Pen Gold Project and the Dore Gold Project is not necessary indicative of the geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Pen Gold Project and the Dore Gold Project.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GFG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government or regulatory approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive.

Although GFG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update any forward-looking statements, except as required by applicable laws.

For further information, please contact:

GFG Resources Inc.
Brian Skanderbeg, President & CEO
Phone: (306) 931-0930

or

Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: info@gfgresources.com
Website: www.gfgresources.com

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