Vancouver, British Columbia – May 6, 2021 – GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) is pleased to announce that at today’s special meeting (the “Meeting“) of the Company’s shareholders, the Company’s shareholders approved the previously announced arrangement (the “Arrangement“) pursuant to which Newmont Corporation (“Newmont“) will acquire the remaining 85.1% of common shares of the Company (the “Shares“) which it and its affiliates do not already own. Under the terms of the Arrangement, shareholders of GT Gold (other than Newmont and its affiliates) will receive C$3.25 per Share in cash.

Approximately 99.98% of the Shares voted at the Meeting and 99.97% of the Shares voted at the Meeting after excluding votes from certain shareholders, including Newmont, as required under MI 61-101, voted in favour of the special resolution approving the Arrangement. Details of the voting results will be filed under the Company’s profile on SEDAR www.sedar.com.

GT Gold will apply for a final order of the Supreme Court of British Columbia for approval of the Arrangement on May 10, 2021. Closing of the transaction remains subject to certain customary closing conditions including court approval and the receipt of the remaining required regulatory approvals. Assuming the satisfaction of these closing conditions, the transaction is expected to close on or around May 17, 2021. Following completion of the Arrangement, the Company will be de-listed from the TSX Venture Exchange and the Company will make the respective applications to the relevant securities regulatory authorities in Canada to cease to be a reporting issuer for the purposes of securities legislation.

Shareholders who have questions or require assistance with submitting their Shares to the Arrangement may direct their questions to Computershare Investor Services Inc., who is acting as depositary under the Arrangement. Further information regarding the Arrangement is available in the management information circular of the Company dated April 6, 2021, which is available under GT Gold’s profile on SEDAR at www.sedar.com.

About GT Gold Corp.

GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, located in the renowned “Golden Triangle” near Iskut, British Columbia. To date, GT Gold has made two significant discoveries on the Tatogga property, “Saddle South”, a precious metal rich vein system and “Saddle North”, a gold-rich copper porphyry system.

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