Greenheart Gold's Proven Team Pursues New Gold Discoveries in Guyana

• Greenheart Gold team has a proven track record, previously making the 6M oz Oko West gold discovery at Reunion Gold before the company was acquired by G Mining.
• Greenheart launched with $15 million in initial funding and recently raised an additional $36 million to systematically explore its project portfolio. The company is well-funded to systematically advance exploration on its projects, with $50 million in cash on hand
• The current focus is on advancing three key projects in Guyana and Suriname, employing a disciplined approach to narrow down drill targets over a 9-12 month period before commencing drilling.
• With an experienced team, $50 million in cash, and a systematic exploration strategy, Greenheart Gold has the key ingredients in place to potentially deliver new gold discoveries.

Greenheart Gold, a junior gold explorer operating in the prospective and underexplored Guiana Shield, presents a compelling opportunity for investors seeking exposure to potential new gold discoveries. The company is led by an experienced team that previously delivered the 6-million-ounce Oko West discovery at Reunion Gold before its acquisition by G Mining. With $50 million in cash, Greenheart is well-funded to systematically explore its portfolio of projects in Guyana and Suriname.

Experienced Team with Track Record of Discovery

A key advantage for Greenheart Gold is its seasoned management team with an impressive track record of gold discovery in the region. CEO Justin van der Toorn explains,

"The Greenheart team is the team that was involved at Reunion Gold with the discovery of the Oko West deposit. That's about a 6-million-ounce resource at the moment."

This prior success demonstrates the team's ability to identify prospective ground, apply effective exploration techniques, and deliver meaningful discoveries.

The team's experience goes beyond just geological expertise. Executive Chairman David Fennell has operated in Guyana for 40 years, providing invaluable relationships and understanding of how to successfully operate and advance projects in the country. As van der Toorn notes,

"The relationships and understanding that he has about how you can do business, how you actually get things done, is tremendous. That obviously helps us a lot."

Well-Funded for Systematic Exploration

Greenheart emerged from the Reunion acquisition with $15 million in cash and recently raised an additional $36 million. This leaves the company with around $50 million to fund exploration - a significant war chest for a junior explorer. The substantial cash position allows Greenheart to pursue a systematic exploration approach without constantly returning to the market for funding.

"We've got about $50 million in the bank, and that's basically to fund the exploration work and, importantly, let us do the exploration work properly, where we're not constantly going back to the market, constantly doing this stop-start project exploration work, but instead let us evaluate projects systematically."

Interview with President & CEO Justin van der Toorn

Focus on Three Advanced Projects

Greenheart's initial efforts are centered on three key projects - two in Suriname and one in Guyana. The company employs a disciplined and phased exploration approach to vector in on drill targets over a 9 to 12-month period. Wide-spaced soil sampling is followed by tighter infill sampling, trenching, and channel sampling before eventually progressing the most prospective targets to drilling.

Current exploration is already delivering encouraging results.

"We actually just announced some results that came out of our Majorodam project in Suriname," said van der Toorn. "We've identified two very large soil anomalies there on quite wide-spaced soil sampling. The next phase there is to infill that to really tighten up exactly where we think the gold mineralization could be."

This systematic approach, while it takes some time, maximizes the chances of drilling success and capital efficiency.

"Drilling at the end of the day is the big lie detector for testing a target, but that's the most expensive tool in your toolbox. Anything you can do before that to try and not have to waste money on a target that really doesn't have what you want to see, the better."

Highly Prospective Guiana Shield

Underpinning the company's efforts is a belief in the immense potential of the Guiana Shield to host major new gold discoveries. The district has seen substantial artisanal alluvial gold mining but remains underexplored from a large-scale hard rock exploration perspective when compared to other prolific gold belts globally.

"We believe in the potential of finding major discoveries in this part of the world," said van der Toorn. "We think the Guiana Shield is underexplored. There is plenty of gold, as evidenced by the alluvial mining, as evidenced by the discoveries that have been made. Comparatively, if you look at other parts of the world where you have similar Archean gold systems, this area of the world is very underexplored."

Conclusion

With a proven management team, substantial cash position, prospective land package, and disciplined exploration approach, Greenheart Gold offers investors a unique opportunity to gain exposure to the potential for new gold discoveries in the Guiana Shield. While exploration inherently carries risk, Greenheart has assembled the key ingredients to maximize its chances of exploration success and value creation. As drills begin turning later this year, Greenheart is a story worth following closely.

The Investment Thesis for Greenheart Gold

• Proven management team with track record of major gold discovery in the Guiana Shield (6Moz Oko West discovery at Reunion)
• Well-funded with $50M cash to systematically advance exploration and drilling
• Highly prospective land package in the underexplored Guiana Shield
• Disciplined and phased exploration approach to maximize chances of drilling success
• Drilling on multiple priority targets expected to commence by Q1 2025, providing potential catalysts
• Exposure to new discovery potential in an emerging district that has seen major deposits delineated in recent years
• Tight share structure and strategic G Mining ownership provide additional upside leverage to exploration success

Macro Thematic Analysis

The Guiana Shield is emerging as a major new gold district driven by a recent wave of large-scale gold discoveries, including Greenheart Gold's previous 6Moz discovery at Oko West. The district's true potential is only beginning to be unlocked as modern exploration techniques are systematically applied in a historically underexplored region. Justin van der Toorn sums it up,

"We really believe there is still potential for those early-stage, real grassroots exploration discoveries to happen."

Geologically, the Guiana Shield bears strong similarities to the prolific Birimian gold belts of West Africa but has seen far less drilling and exploration investment to date. Substantial alluvial mining points to the presence of hard rock sources that remain to be found. With major miners now entering the district and making sizable discoveries, the Guiana Shield appears poised for a period of rapid growth and value creation as new ounces are delineated. For investors, this provides unique exposure to new discovery potential in an emerging gold district.

With drilling on multiple priority targets expected to commence by end of Q1 2025, Greenheart offers investors the potential for near-term gold discoveries. The company's tight share structure and strategic ownership by G Mining provide additional leverage to exploration success.