Key points
- On October 9, 2026, Ghana’s Office of the Secretary to the President sent a letter to the National Fisheries Association of Ghana claiming GoldCoast’s offshore licences had been suspended.
- The Minerals Commission of Ghana issued a letter dated October 8, 2026 confirming GoldCoast’s licences remain valid and in good standing.
- GoldCoast Chairman Sam Jonah and Director and Counsel Bobby Banson met with regulatory authorities in Accra on October 19, 2026 to request a formal correction.
- Government authorities assured they will issue a statement confirming that GoldCoast’s licences have not been suspended.
Accra, Ghana and Toronto, Ontario–(Newsfile Corp. – October 19, 2026) – GoldCoast Resource Corp. (CSE: GCR) (OTCQB: GCRFF) (FSE: EKW) (“GoldCoast” or the “Company”) wishes to clarify the status of its offshore licences in the Republic of Ghana.
On October 9, 2026, the Company became aware that the Office of the Secretary to the President of the Republic of Ghana issued a letter to the National Fisheries Association of Ghana stating that GoldCoast’s offshore licences had been suspended. The Company did not receive this letter and confirms that this statement is not accurate. GoldCoast’s offshore licences have not been suspended and remain valid and in good standing as confirmed by a letter dated October 08, 2026, issued by the Minerals Commission of Ghana, the Sector Agency in charge of issuing and revoking such licenses.
Today, the Company’s Chairman, Sam Jonah, KBE, OSG, and GoldCoast Director and Counsel, Mr. Bobby Banson, met with regulatory authorities in Accra. The purpose of the meeting was to bring the inaccuracies in the October 9 letter to the attention of the Government and to request that they be formally corrected.
In that meeting, the Government authorities assured that a statement will be issued confirming that GoldCoast’s licences have not been suspended. The Company will announce when that statement has been issued.
“We appreciate the prompt engagement of the Government authorities in addressing this matter,” said Sir Sam Jonah, Chairman of GoldCoast. “Our licences are in good standing, and we welcome the Government’s commitment to correct the public record. GoldCoast has always conducted its work in Ghana with respect for the law, the regulators and the communities who share the coastline. We will continue to engage openly with all stakeholders, including the fishing community, as we move forward.”
About GoldCoast Resource Corp.
GoldCoast Resource Corp. (CSE: GCR) (OTCQB: GCRFF) (FSE: EKW) is a Canadian mineral exploration company focused on offshore gold in Ghana, Africa’s largest gold-producing country. The Company holds a district-scale, 10,000 km² package of reconnaissance licenses covering approximately 53% of Ghana’s offshore coastline – the only place on Earth where three major rivers, carrying gold-rich bedload eroded from world-class gold belts over interglacial periods, converge on a shallow continental shelf. The offshore recovery of minerals from unconsolidated marine sediments is an established industry worldwide, with long-running precedents including Debmarine Namibia’s marine diamond operations, PT Timah’s offshore tin operations in Indonesia, and the United Kingdom’s Crown Estate marine aggregates sector.
Additional information about GoldCoast Resource Corp. is available at goldcoastresource.com and on the Company’s SEDAR+ profile at www.sedarplus.ca.
