NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC / ACCESSWIRE / May 31, 2022 / GGL Resources Corp. (TSX-V:GGL) ("GGL") announces that it has closed the non-brokered private placement offering (the "Offering") originally announced on April 21, 2022 and as amended on May 9, 2022. The Offering consisted of the sale of the following securities:

(a) 2,500,000 flow-through shares at a price of $0.16 per share, for gross proceeds of $400,000; and

(b) 13,774,922 common shares at a price of $0.13 per share, for gross proceeds of $1,790,739.86.

The following related parties participated in the private placement:

Regarding the participation of these related parties in the private placement, GGL relied on the exemption from the formal valuation requirement contained in section 5.5 of Multilateral Instrument 61-101 "Protection of Minority Security Holders in Special Transactions", and on the exemption from the minority shareholder approval requirement contained in section 5.7 of said Multilateral Instrument 61-101.

All of the securities issued pursuant to the Offering are subject to a hold period in Canada until October 1, 2022. The proceeds from the Offering will be used for exploration and development activities on GGL's Nevada based Gold Point Project as described in its March 15, 2022 news release , exploration work at its 100% owned McConnell Copper-Gold Project in British Columbia as announced on March 17, 2022 , and for general working capital purposes.

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 owns 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. The Company also owns the McConnell copper-gold project located 22 kilometers southeast of the Kemess Mine in north-central British Columbia, and promising diamond exploration projects in Nunavut and the Lac de Gras diamond district of the Northwest Territories. Lac de Gras is home to Canada's first two diamond mines, the world class Diavik and Ekati mines discovered in the 1990s. GGL also holds diamond royalties on mineral leases near the Gahcho Kué diamond mine in the Northwest Territories.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

W. Douglas Eaton
CEO and Director

For further information concerning GGL Resources Corp. or its various exploration projects please visit GGL's website at or contact:

Investor Inquiries

Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com

Corporate Information

Linda Knight
Corporate Secretary
Tel: (604) 688-0546
info@gglresourcescorp.com

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: GGL Resources Corp.