Mr. Mario Stifano reports

GALANTAS REPORT FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Galantas Gold Corp. has released its unaudited financial results for the quarter ended Sept. 30, 2025.

Financial highlights

Highlights of the third quarter 2025 results, which are expressed in Canadian dollars, are summarized below.

Sales revenue for the quarter ended Sept. 30, 2025, amounted to nil, compared with revenue of nil for the quarter ended Sept. 30, 2024. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenues totalled $566,000 (U.S.) for the third quarter of 2025, compared with $528,000 (U.S.) for the third quarter of 2024. Until the mine commences commercial production, the net proceeds from concentrate sales are being offset against development assets.

The net loss for the quarter ended Sept. 30, 2025, amounted to $5,004,687 (2024: loss of $740,629) and the cash inflow from operating activities before changes in non-cash working capital for the quarter ended Sept. 30, 2025, amounted to $146,134 (2024: cash inflow of $21,801).

The company had a cash balance of $19,943 at Sept. 30, 2025, compared with $383,011 at Sept. 30, 2024. The working capital deficit at Sept. 30, 2025, amounted to $2,557,662, compared with a working capital deficit of $14,098,845 at Sept. 30, 2024.

The company shows a loss on disposal of interest in subsidiaries at quarter-end Sept. 30, 2025, amounting to $2,885,663, compared with nil in the previous period. Flintridge and Omagh are now shown under investment in associates on the balance sheet.

Safety is a high priority for the company and the company continues to invest in safety-related training and infrastructure. The zero lost-time accident rate since the start of underground operations continues. Environmental monitoring demonstrates a high level of regulatory compliance.

The detailed results and management discussion and analysis (MD&A) are available on SEDAR+ and the company's website and the highlights in this release should be read in conjunction with the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting the business and risk factors.

Qualified person

The financial components of this disclosure have been reviewed by Alan Buckley (chief financial officer) and the production and permitting components by Brendan Morris (chief operating officer), qualified persons under the meaning of National Instrument 43-101. The information is based upon local production and financial data prepared under their supervision.

We seek Safe Harbor.