Mr. Hratch Jabrayan reports

GALLOPER GOLD CLOSES FULLY FUNDED $2.2M NON-BROKERED PRIVATE PLACEMENT

Further to the news release of May 22, 2026, Galloper Gold Corp. has closed its non-brokered private placement, raising $2,226,996 in gross proceeds through the issuance of: (i) 16,891,633 flow-through common shares at 12 cents per FT share for gross proceeds of $2,026,996; and (ii) two million common shares at 10 cents per share for gross proceeds of $200,000.

The company paid finders' fees totalling $71,890 in cash to BMO Nesbitt Burns Inc., Canaccord Genuity Corp. and Ventum Financial Corp. in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Hratch Jabrayan, chief executive officer of the company, commented: "We are thrilled to have closed this private placement with the commitment and support of our strategic investor and other key investors. We are now in a very strong position to commence and deliver on our 2026 plan. Our strategic deliverables are set, and we look forward to communicating details and results in the near future."

All securities issued under the private placement will be subject to statutory hold periods pursuant to securities laws in Canada, including the statutory restricted period prescribed by Section 2.5 of National Instrument 45-102 (Resale of Securities), and are subject to the exchange hold (as defined under Canadian Securities Exchange Policy 1 (Interpretation and General Provisions) which definition became effective May 22, 2025), required in certain circumstances in accordance with Policy 6 (Distributions and Corporate Finance) of the CSE.

The company intends to use the net proceeds from the private placement for its 2026 exploration program at its Glover Island property and for general working capital purposes.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the central Newfoundland gold belt with its flagship Glover Island property, 24 kilometres southeast of Corner Brook.

We seek Safe Harbor.