Great Pacific Gold Comments on Recent Promotional Activity Pursuant to OTC Markets’ Request

VANCOUVER, British Columbia, April 19, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) announces that it has been requested by OTC Markets Group Inc. (“OTC Markets”) to issue this statement about promotional activity concerning its common shares traded on the OTCQX market (operated by OTC Markets).

On April 15, 2024, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common shares traded on the OTCQX Marketplace, which newsletters were prepared by Gold Standard Media, LLC (“Gold Standard”) and its affiliates (Future Money Trends LLC, Wealth Research Group LLC and Portfolio Wealth Group LLC) (the “GSM Group”). On April 12, 2024, the Company announced the entry into an investors relations agreement with GSM Group to raise awareness of the Company’s shares among investors. The Company was therefore aware of the GSM Group’s activities respecting the Company since April 12, 2024. Accordingly, the materials prepared By the GSM Group were paid for by the Company through its engagement of GSM Group.

With respect to other investor relations service providers engaged by the Company within the last 12 months, , the Company has continued to use Highland Contact and Clarkham Capital (together with Golden Standard and its affiliates (the “Service Providers”), which entities have been engaged since the Company’s initial public offering on April 14, 2020.

The Company provided the GSM Group with publicly available sources of information for its marketing materials and management reviewed and commented on the materials prepared by the GSM Group prior to their dissemination, including to ensure factual accuracy. The Company does not believe any of the statements in the marketing materials prepared by the GSM Group were materially false or misleading.

A significant increase in the trading volume of the Company’s common shares was noted by OTC Markets on April 15 2024. The Company understands certain promotional activity coincided with increased trading activity in its common shares beginning on April 15, 2024. However, the Company does not believe the promotional activities were the primary factor in any increase in trading volume in its common shares. Rather, on April 15, 2024, the Company announced a significant acquisition to acquire the highly prospective Tinga Valley property, located in Papua New Guinea. The Company believes that the proposed acquisition is the primary factor in the increased trading volume.