Giant Mining Corp. — Capital/Financing Update 2024

Dec 6, 2024

GIANT MINING COOPERATIVE

Press Release

December 5, 2024

Giant Mining Announces Update on AGM Matters

VANCOUVER, BC — December 5, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") announces that at the Company's annual general meeting (the "AGM"), the shareholders of the Company will also be asked to approve a private placement of the Company as further described below.

The proposals to be considered at the Meeting include all those described in detail in the proxy materials previously distributed to the Company's shareholders on November 6, 2024 and filed on SEDAR+ on October 31, 2024. Additionally, shareholders will now also be asked to pass a resolution approving the issuance of up to 30,000,000 units of the Company ("Units") in connection with the Company's private placement of $0.10 units, which is an increase of the amount of units announced on December 4, 2024 (the "Private Placement"). Each Unit shall consist of one common share and one whole common share purchase warrant. The Private Placement requires shareholder approval under Section 4.6(2)(a) of Canadian Securities Exchange Policy 4 Corporate Governance, Security Holder Approvals and Miscellaneous Provisions as the proposed issuance of up to 30,000,000 Units thereunder is greater than 100% of the Company's currently issued and outstanding securities.

The Meeting will be held by Zoom at:

https://us02web.zoom.us/j/85774488396?pwd=U6fKicUmBtbLuRz84yGKE1ifoACjbt.1

Meeting ID: 857 7448 8396

Passcode: 626253

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Proxies received up to 9:00 am (Pacific Time) on December 6, 2024 may be accepted at the discretion of the Chairman of the AGM. The record date for the AGM remains the same. Registered shareholders and validly appointed proxyholders may attend the AGM by Zoom. Management recommends Shareholders vote in favour of approving the Private Placement.

Furthermore, on December 4, 2024, the Company announced another offering of 1,371,040 common shares at $0.12 per share pursuant to the Listed Issuer Financing Exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106- Prospectus Exemptions, in Alberta, British Columbia, and Ontario. There will be an offering document related to this LIFE Exemption offering that will be available under the Company's profile at www.sedarplus.ca and on the Company's website at www.giantminingcorp.com. Prospective investors should read this offering document before making an investment decision.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Giant Mining Corp.

"David Greenway"

David C. Greenway

President & CEO

For further information, please contact:

E: info@giantminingcorp.com

P: 1 604) 790-7291

VISIT OUR WEBSITE FOR MORE DETAILS

www.giantminingcorp.com

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Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the matters to be. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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