Getchell Gold files PEA with $1B NPV at Fondaway Canyon

Canada NewsWire VANCOUVER, BC , July 21, 2026 /CNW/ -- Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (" Getchell " or the " Company ") is pleased to announce highly robust results from the independent Preliminary Economic Assessment ("PEA") completed on the Company's 100%-owned Fondaway Canyon gold project ("Fondaway Canyon" or "Project") in Nevada.  Based on mineral resources drilled to date and limiting the scope of the PEA to the mineral resources in the Central Area of the Project, the PEA outlines an open pit mining and conventional 12,000 tonne per day ("tpd") milling operation with an initial planned mine life of approximately 10 years.  The PEA contemplates the production and sale of a high-grade concentrate to a 3 rd  party refinery for pressure oxidation or roasting followed by cyanidation to produce doré. PEA Highlights Strong project economics US$1 Billion pre-tax net present value  discounted at 8% ("NPV 8% ") and a 58.8% pre-tax internal rate of return  ("IRR"), $905 million after-tax NPV 8%  and a 53.1% after-tax IRR at $3,200/ounce ("oz") gold price. Initial capital costs estimated at $265 million (including a 20% contingency), with a short pre-tax payback of 1.5 years.

Robust operational profile 1.52 million ounces gold recovered (post-processing) over a 10-year life of mine ("LOM") with average annual gold production of 150,000 oz ; Average mined grade of 1.38 g/t Au (0.040 opt), estimated gold recovery to sales of 80%, and LOM strip ratio of 6.9 to 1; and LOM operating costs  (1)  estimated at $1,373/oz and cash costs  (2)  estimated at $1,740/oz of produced gold. Major Increase from 2025 PEA 28% increase in both contained ounces of gold and average annual gold production; and >60% increase in base case NPV . Economics incorporate significant development work completed in