G2 Goldfields Inc. provided an update on the Company's new discovery at NW OKO, part of the 27,719-acre OKO-AREMU gold project, Guyana. G2 recently announced an updated Mineral Resource Estimate ("MRE") for the project comprised of 922,000 ounces of gold ("Indicated") and 1,099,000 ounces of gold ("Inferred"). The NW OKO discovery lies an approximate distance of 3.5 km from the current established gold resource at the OKO Main/Ghanie areas, opening up a new district for resource expansion.

Geologically, NW OKO is very similar to theOKO Main/Ghanie Zone, featuring long prominent shear structures that host mineralized quartz veins which are situated near the margins of carbonaceous sediments and volcanics. To date at NW OKO, the Company has completed 58 shallow diamond drill holes totalling 5,747 metres along a 2.5 km strike length. Significant intervals calculated using 0.3 g/t Au cut-off and 6m maximum consecutive internal waste.

Gold grades are uncapped. Mineralized intersection lengths are not necessarily true widths. All of the intercepts, with the exception of NWOD-43 and the lower portion of NWOD-45, are in oxidized rock within 70m of surface.

Specifically, Targets 2 and 3 require additional follow up work as drilling has intersected encouraging mineralization including 8m @ 1.3 g/t Au (NWOD-48A) and 15m @ 6.3 g/t Au ("NWOD-22"). QA/QC Drill core is logged and sampled in a secure core storage facility located on the OKO project site, Guyana.