Great Pacific Gold to Acquire Papua New Guinea Focused Tinga Valley Copper & Gold Corp.

Highlights:

• 347 sq km granted exploration license (“EL”) located 140 km along strike of ‘World Class’ Ok Tedi Copper-Gold Mine with very similar geological setting.
• Tinga Valley Property highly prospective for large and high-grade porphyry style copper-gold mineralization and associated massive sulphide-magnetite skarn mineralization with elevated copper and gold-silver grades with several large high priority drill targets already identified over a 2.5km x 1.5km footprint.
• Historic surface exploration work identified extensive Copper and Gold grades across a 2km copper mineralized zone including grades above 1.97% Cu, 12.7g/t Au.
• Tinga Valley Property will complement extensive copper-gold portfolio in PNG with exploration planned to unlock major Copper, Gold Porphyry potential in 2024

VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is pleased to announce it has entered into an amalgamation agreement dated April 12, 2024 (the “Amalgamation Agreement”) with privately held Tinga Valley Copper & Gold Corp. (“Tinga”) to acquire a highly prospective Papua New Guinea copper-gold project called the Tinga Valley Property.

The Tinga Valley Property is characterised by a drill ready, well-defined high-grade copper-gold porphyry and associated skarn exploration targets. Historical work has indicated the existence of an epithermal overprint as well as an excellent potential for project size with multiple porphyry bodies along a large alteration halo across a 2.5km x 1.5km footprint. The Ok Tedi Copper Gold Mine, which lies 140kms to the north west along the same geological belt, is a superb geological comparison to the Tinga Valley Property.

Great Pacific Gold CEO Bryan Slusarchuk states, “The Tinga Valley Property is known to host significant size and grade potential for copper and gold and has been subject of a substantial amount of preliminary exploration work that has resulted in excellent drill targets. This acquisition adds to an already large and commanding land position within a country that hosts some of the world’s most important copper and gold deposits. With a strong treasury, in-country expertise, and an excellent technical team, we are well positioned to advance on multiple projects within PNG.”