GGL Resources Corp. Closes Final Tranche of Private Placement

Vancouver, BC - GGL Resources Corp. (TSXV:GGL) announced that it received disinterested shareholder approval for the creation of ECEE Money Limited, controlled by CEO and Director W. Douglas Eaton, as a Control Person of GGL. This approval was obtained at the Annual General and Special Meeting held on May 17, 2024, and pertains to ECEE's participation in the private placement first announced on February 13, 2024.

GGL has closed the final tranche of the private placement, issuing 2,800,000 common shares to ECEE at $0.05 per share, resulting in gross proceeds of $140,000. ECEE's participation constitutes a related party transaction under TSX-V Policy 5.9 and Multilateral Instrument 61-101 but was exempt from the formal valuation requirement.

The securities issued are subject to a hold period in Canada until October 1, 2024. The funds will be used for exploration and development at GGL's Gold Point Project in Nevada and for general working capital.