Mr. Hratch Jabrayan reports

GALLOPER GOLD ANNOUNCES FULLY-FUNDED NON-BROKERED PRIVATE PLACEMENT

Galloper Gold Corp. has arranged a non-brokered private placement of an aggregate of $2,226,996, comprising (i) 16,891,633 flow-through common shares at 12 cents per FT share for aggregate gross proceeds of $2,026,996, and (ii) two million common shares at 10 cents per share for aggregate gross proceeds of $200,000. A strategic investor of the company has committed to participating in the private placement of FT shares for up to $999,996. The private placement is expected to close on May 29, 2026.

The company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (CSE). The private placement is subject to approval of the CSE, and all securities issued under the private placement will be subject to statutory hold periods pursuant to securities laws in Canada.

The company intends to use the net proceeds from the private placement of FT shares for the company's 2026 exploration program and from the private placement of shares for general working capital purposes.

Hratch Jabrayan, chief executive officer, said: "We are pleased to announce this private placement, which will be used for the upcoming drilling program at our Glover Island property announced on May 7, 2026. We are thrilled to have the significant investor interest and support for Galloper as we advance the Glover Island project."

About Galloper Gold Corp.

Galloper Gold 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 2017 LPSE resource and the LPSE 2026 gold resource, which is wholly controlled by Galloper Gold.

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