Greenheart Gold

The Guiana Shield represents a highly prospective yet underexplored geological terrain for gold mineralization. This region has already yielded several multi-million-ounce gold deposits, including Merian, Aurora, Omai, Rosebel, and more recently, Oko West. However, large portions of the shield remain underexplored, presenting significant opportunities for new discoveries.

Greenheart Gold's Majorodam project in Suriname covers 250 km² of prospective greenstone belt, located just 8 km south of the Saramacca deposit (1.4 Moz Au). The project area has seen minimal historical exploration despite active alluvial mining operations for the past 15 years, indicating the presence of gold mineralization in the area. The geological setting, characterized by meta-volcanic and meta-sedimentary units folded between granite intrusions, is favorable for orogenic gold deposits.

The company’s Igab project in Suriname covers 96 km2 of prospective greenstone belt and is located just 30 km south of Newmont’s Merian mine. The project area has seen minimal formal exploration despite artisanal mining operations in the area. The project has a very prospective geological setting, situated along the contact of metabolic and metasediment rock units to the north with granitic rock units to the south.

The 96 sq. km. Tosso Creek project lies 180 km south of Paramaribo and is accessed via paved road then boat across the Brokopondo reservoir and then by road. The project sits at the southern end of a highly mineralized sequence of metavolcanics and metasediments known as the Parakama Formation. The trend measures 100 km long and hosts numerous artisanal mining operations, including the prolific Sara Kreek gold fields approximately 25 km to the north.

The Gold Hill Project is located in northwestern Guyana, approximately 14.5 km east of Aris Mining Corporation’s Toroparu project, on which a PEA was released in October 2025 outlining a gold resource containing 5.3 million ounces of gold. Gold Hill is accessible by road or by boat, and then by road. The project is the subject of active alluvial and artisanal saprolite mining yet it has seen no known modern exploration programs.

The company's focus on systematic, data-driven exploration methods, combined with its team's proven ability to make discoveries in the region, positions Greenheart Gold to potentially uncover new, economically viable gold resources. Given the current global demand for gold and the relatively limited number of new major discoveries in recent years, any significant find could substantially increase the company's value.

Greenheart Gold's growth strategy centers on aggressive exploration and project generation activities across Guyana and Suriname. The company aims to rapidly assess ground, identify high- value projects, and direct exploration funds to the most promising targets.

At Majorodam, by the end of 2025, Greenheart Gold had completed two phases of soil sampling and a significant amount of trenching, as well as 3 drill programs, including a 2,137 m reverse circulation program and diamond drill programs of 2,311 m and 1,055 m. From these exploration programs Greenheart Gold has outlined a significant gold mineralized trend at Heuvel West and a second target called Heuvel East. Gold mineralization at Heuvel West has been confirmed by a combination of diamond or RC drilling and trench results over a length of approximately 1000 m, including previously released highlight holes of 13.0 m grading 4.37 g/t Au, 15.3 m grading 3.75 g/t Au, and 6.0 m grading 3.04 g/t Au. Soil anomalies as well as the geological and geophysical trends associated with Heuvel West indicate that the target structure appears to extend for approximately 15 km in length, including the recently discovered Gowtu target in the northwest corner of the project area. Less than 1 km of this target has been drill tested to date. The Heuvel East target, which lies approximately 0.5 km east of Heuvel West, has been intersected by 10 very closely spaced drill holes, including one of 13.0 m grading 1.29 g/t Au. Soil Geochemistry, geophysics and geology associated with Heuvel East indicate that the structure could extend under cover for up to 3 km in length and remains open over most of this distance. The company is currently undertaking a 10,000m follow up drill program.

Exploration work undertaken by Greenheart Gold at Igab to date including 2 phases of soil sampling, trenching, mapping, sampling and detailed drone magnetics have outlined 5 target areas on the project. These targets include Lemon Tree and Samansu in the south and Mokro, Koela and Cannibal Creek in the more remote northern portion of the property. At Lemon Tree the company discovered and exposed an area of strongly altered and deformed granitic rock, which returned several mineralized intercepts from channel samples, including 31.0 meters (m) grading 1.36 grams per ton of gold. Approximately 500 m north of this outcrop lies an area where IGAB’s option holder reportedly previously mined gold mineralized smoky grey quartz veins, evidence of which can be seen in quartz float there including meter sized boulders, Soil surveys outlined anomalous gold in soil results extending approximately 1,500 by 500 m at both Koela and Cannibal Creek in the northern area of Igab. Detailed trenching, sampling and mapping programs at Koela have outlined two areas of roughly parallel north-northwest trending shear zones called Koela East and Koela West, which are approximately 250 m apart. Koela East has been identified in three trenches, which intersected 12.0 m grading 4.82 g/t Au, 3.0 m grading 5.58 g/t Au and 4.0 m grading 4.17 g/t Au. Koela West is highlighted by trenches that include 11.0 m grading 9.48 g/t Au and 11.0 m grading 4.36 g/t Au, including 3.0 m of 15.29 g/t Au. Trenching and detailed mapping and sampling are now underway at Cannibal Creek, about 2 km to the northwest of Koela, where several similar-looking shear zones have been identified (trench assays pending). Greenheart Gold expects to mobilize a drill rig to Igab in April to test the Koela East and West targets before moving to test Cannibal Creek and Lemon Tree.

At Tosso Creek, Greenheart Gold’s exploration programs to date include the completion of two phases of soil sampling covering the extent of the greenstone rock units as well as the greenstone/granite contact zones. Results received to date indicate a strong gold in soil anomaly of approximately 5 km by 500 m in the western half of the project area as well as several broad soil anomalies associated with the contact zone. A trenching program is currently underway, with early results over the 5 km western anomaly, including broad intercepts of 86.0 m grading 0.63 g/t Au and 62.0 m grading 0.71 g/t Au. Greenheart has mobilized a second excavator to site to speed up trenching and road building programs in advance of an initial drill program which could be targeted to begin as early as the end of Q2, 2026.

Greenheart's strategy also involves maintaining a strong treasury and benefiting from key supportive investor relationships. The company’s extensive in-house financing experience allows it to leverage capital markets effectively to fund its exploration activities.

With a strong cash balance and a well-resourced exploration team, the company has the ability to follow up quickly on good exploration results. This flexible approach allows Greenheart to quickly pivot resources to the most promising targets as they are identified.

At the end of Q4/2025, Greenheart Gold reported a strong financial position with approximately CAD$30 million in cash. This substantial treasury provides the company with ample funding to execute its near-term exploration plans without immediate need for additional financing.

The company's capital structure consists of 154,253,037 common shares outstanding, with an additional 12,636,666 options averaging $0.63 exercise price, bringing the fully diluted share count to 166,889,703. This relatively tight share structure allows for significant upside potential for shareholders in the event of exploration success.

Greenheart's shareholder base is diverse and includes significant institutional and strategic investors. GMIN holds a 10.5% stake, while Condire and Dundee Corp own 9.8% and 7.5%, respectively. Other notable institutional investors include Scotia W.M. (6.1%) Jupiter (5.6%) and Konwave (5.0%). Management and the board collectively hold 5.9 % of the company, aligning their interests with those of other shareholders.

The strong institutional backing provides Greenheart with a stable shareholder base and potential access to additional capital if needed for future exploration or development activities. The involvement of strategic mining investors like GMIN and La Mancha (4.6 %) also offers potential avenues for project development expertise and industry partnerships.

While Greenheart is currently a pre-revenue exploration company, its strong cash position and supportive shareholder base provide a solid foundation for executing its exploration strategy. The company's success will largely depend on its ability to make economically viable discoveries and advance them towards development.

Greenheart Gold presents an intriguing investment opportunity in the junior gold exploration sector. The company's focus on the highly prospective yet underexplored Guiana Shield, combined with its experienced management team and strong financial position, positions it well to potentially make significant discoveries.

The company's three key projects, Majorodam Igab and Tosso Creek, offer promising geological characteristics with Igab and Majorodam being located in proximity to existing major producing gold deposits. Greenheart's systematic approach to exploration, leveraging modern techniques and the team's deep regional knowledge, enhances the probability of success.

The management team's track record of discoveries in the region, particularly their involvement in the Oko West discovery, lends credibility to Greenheart's exploration strategy. Their extensive experience in the Guiana Shield provides the company with competitive advantages in project acquisition, exploration, and navigating local operational challenges.

Financially, Greenheart's strong cash position and supportive shareholder base provide a solid foundation for executing its near-term exploration plans. The company's tight share structure offers significant upside potential for investors in the event of exploration success.

However, potential investors should be aware of the risks inherent in early-stage mineral exploration, including the possibility of unsuccessful exploration outcomes, geopolitical risks, and potential future dilution. These risks are partially mitigated by the company's experienced team, systematic approach, and strong financial position.

In conclusion, for investors seeking exposure to gold exploration in a highly prospective region, Greenheart Gold offers a compelling opportunity. The combination of promising projects, proven management, strong finances, and a focused strategy positions the company to potentially deliver significant value as it pursues the next major gold discovery in the Guiana Shield. As with any early-stage exploration company, investors should consider Greenheart Gold as a high-risk, high-reward investment within a diversified portfolio.