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GGL Announces Termination of Sales Agreement with WestKam for the McConnell Copper-Gold Property, BC

January 5, 2024

Vancouver, BC – January 05, 2024 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”) announces the termination of the property sales agreement with Westkam Gold Corp. (“Westkam”) on GGLs 100% owned McConnell Copper-Gold property located in north-central BC as previously announced on July 24, 2023.

Under the terms of the July 24, 2023 property sales agreement, Westkam would acquire a 100% interest in the McConnell property by issuing common shares to GGL equal to 19.99% of the issued and outstanding common shares of Westkam upon completion of a concurrent financing. The agreement expired December 31, 2023 with the terms having not been fulfilled.

GGL will continue to evaluate alternative strategies to advance the McConnell property and unlock its potential.

Technical information in this news release has been reviewed and approved by David Kelsch, P.Geo., President of GGL Resources Corp., a qualified person for the purposes of National Instrument 43-101.

About GGL Resources Corp.

GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of under evaluated mineral assets in politically stable, mining friendly jurisdictions. The Company has optioned and wholly owned claims in the Gold Point district of the prolific Walker Lane Trend, Nevada. The Gold Point claims cover several gold-silver veins, four of which host past producing high-grade mines, and the recently discovered Le Champ copper-molybdenum porphyry target, located 3.5 km west of the mines. GGL also holds diamond royalties on mineral leases near the Gahcho Kué diamond mine in the Northwest Territories.


“David Kelsch”
David Kelsch
President, COO and Director

For further information concerning GGL Resources Corp. or its various exploration projects please visit our website at www.gglresourcescorp.com or contact:

Investor Inquiries

Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522

Corporate Information

Linda Knight
Corporate Secretary
Tel: (604) 688-0546

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information contained in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “evaluate”, “potential”, “likely”, “possible”, “cut-off grades” and similar expressions, or that events or conditions “may”, “could” or “will” occur. GGL cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the control of GGL. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, including the results of the recently completed drill program, the impact on future mineral resource estimates, the potential for new discoveries, and the results of future metallurgical programs, as well as the ability of GGL to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in GGL’s financial statements available under the GGL profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GGL undertakes no obligation to publicly update or revise forward-looking information.

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