Mr. Hratch Jabrayan reports

GALLOPER ANNOUNCES OPTION GRANT, INSIDER SHARE PURCHASES AND MARKETING AGREEMENT

In accordance with the provisions of its omnibus equity incentive plan, Galloper Gold Corp. has granted incentive stock options to purchase a total of 1.5 million common shares of the company at an exercise price of 10 cents per share to certain consultants which have been engaged for capital market advisory services. Certain options will vest quarterly over a period of two years from the date of grant, and certain options will vest quarterly over a period of three years from the date of grant.

The company is also pleased to announce that its chief executive officer, Hratch Jabrayan, has acquired 644,992 shares in the capital of the company in the open market since Feb. 9, 2026, the closing date of the company's non-brokered private placement. The shares were acquired at an average price of nine cents per share.

In addition, the company is pleased to announce that certain insiders of the company purchased an aggregate of 2.5 million units of the company in the private placement that closed on Feb. 9, 2026. The participation by such insiders in the private placement constituted a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). For details on the private placement, refer to the company's news release dated Feb. 10, 2026.

The purchase of securities of the company by Mr. Jabrayan in the open market and by the insiders in the private placement reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the company.

With these purchases, insiders of the company, in the aggregate, now own or control 11,430,671 shares, representing approximately 11.80 per cent of the company's issued and outstanding shares as of Feb. 25, 2026.

The company is also pleased to announce that it has entered into a marketing agreement with Existing Agency Inc. of Toronto, Ont., pursuant to which existing agency will provide the company with marketing and media services for an initial term of six months commencing Feb. 23, 2026, and ending on Aug. 23, 2026. The scope of the services to be provided include webinars, press release distribution, content promotion across mining networks, forums, active investor communities and video interviews.

The company has agreed to pay Existing Agency a fee of $5,000 per month, plus applicable taxes, for the duration of the initial term. The agreement may be renewed for an additional six months by mutual agreement between the parties.

The company will not issue any securities to Existing Agency as compensation for the services. As of the date hereof, to the company's knowledge, Existing Agency does not own any securities of the company and has an arm's-length relationship with the company.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in central Newfoundland on its Glover Island exploration project. The property comprises 466 mining claims on 13 mineral licences covering 116.6 square kilometres (11,660 hectares). Historic exploration efforts produced the LPSE resource, which is wholly controlled by Galloper.

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