GT Gold Corp. Receives Final Order

VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) today announced that all of the required regulatory approvals have been obtained with respect to the proposed plan of arrangement (the “Arrangement”) pursuant to which Newmont Corporation ("Newmont") will acquire all of the issued and outstanding common shares of the Company (the "Shares"), which it and its affiliates do not already own, by way of a plan of arrangement. Under the terms of the Arrangement, shareholders of GT Gold, other than in respect of those Shares already owned by Newmont and its affiliates, will receive C$3.25 per Share in cash.

The parties currently anticipate that the transaction will close on or about May 17, 2021.

Shareholders who have questions or require assistance with submitting their Shares to the Arrangement may direct their questions to Computershare Investor Services Inc., who is acting as depositary under the Arrangement. Further information regarding the Arrangement is available in the management information circular of the Company dated April 6, 2021, which is available under GT Gold's profile on SEDAR at www.sedar.com.

About GT Gold Corp.

GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, located in the renowned "Golden Triangle" near Iskut, British Columbia. To date, GT Gold has made two significant discoveries on the Tatogga property, "Saddle South", a precious metal rich vein system and "Saddle North", a gold-rich copper porphyry system.

Investor Contact

GT Gold Corp. Paul Harbidge President and Chief Executive Officer Tel: [phone] Website: www.gtgoldcorp.ca

GT Gold Corp. Shawn Campbell Chief Financial Officer Tel: [phone]

Cautionary Statement on Forward-Looking Information

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements") regarding the proposed transaction including the anticipated completion and timing thereof. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would", "could", "should", "continue", "goal", "objective", and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.