Mr. Mario Stifano reports

GALANTAS COMMENCES ITS FIRST DRILL PROGRAM AT INDIANA GOLD, CHILE

Galantas Gold Corp. has started a 5,000-metre diamond drilling program at its Indiana gold project, near Copiapo in northern Chile.

The drill program will tighten up the drill spacing and provide geotechnical information as the final steps for the development of the mine plan. The drilling will also test for high-grade gold mineralization at structural intersections and down-dip extensions of the Bondadosa and Flor de Espino gold veins that could potentially expand the resource base while supporting mine planning and development.

Mario Stifano, the company's chief executive officer, said: "We are excited to begin our first drilling program at Indiana. Beyond providing critical geotechnical information for mine planning, the program will test the down-dip extension of the gold mineralization while also targeting higher grades and thicker zones at vein intersections. Results from this work will support completion of the preliminary economic assessment (PEA), expected in May, 2026, and represent a key step toward development of the project in the second half of 2026."

Drilling program

The planned program comprises 17 drill holes for a total of approximately 5,000 metres. Drill holes are designed to test mineralization to depths of approximately 200 to 350 metres below surface, targeting extensions of the known vein systems.

The objectives of the drill program are to:

• Complete infill drilling in support of the mine plan;
• Provide geotechnical information for mine planning and design;
• Test down-dip extensions of the Bondadosa and Flor de Espino gold veins and the potential for higher grade and wider zones of mineralization at the intersection of the two veins;
• Explore extensions for higher-grade zones associated with cross-cutting structures at the Flor de Espino vein.

Indiana project

Indiana is located 40 kilometres from Copiapo at an operating altitude of 1,200 metres, in one of the world's most prolific mining districts -- the copper-gold-silver belt of the coastal cordillera in Chile's Atacama region. The project benefits from excellent infrastructure, road access, nearby mining services, a skilled work force and mining-friendly regulations.

Indiana is a development-stage gold and copper property with limited small-scale historical production, where underground exploration development included drifting along the vein structures and selective extraction of mineralized material encountered during development. The project is envisioned as a selective underground mining operation targeting high-grade gold-copper mineralization initially within the Bondadosa and Flor de Espino vein systems. The property comprises mineral concessions covering approximately 923 hectares.

The company has entered into an option agreement to acquire a 100-per-cent interest in Indiana from Minera Activa (see news release dated Nov. 13, 2025).

Indiana has an inferred mineral resource of 4.93 million tonnes at 2.24 grams per tonne gold and 1.31 per cent copper, representing contained metal of 355,516 ounces of gold and 64,690 tonnes of copper as disclosed in the company's announcement of Jan. 2, 2026, and the technical report entitled "Mineral Resource Estimate, Indiana Project, Atacama Region, Chile," prepared by DRA Americas Inc. for Galantas Gold Corp., dated Dec. 31, 2025.

Indiana represents one of the few high-grade gold-copper development projects in northern Chile advancing toward near-term production.

Qualified person

Scientific and technical disclosures in this news release have been reviewed and approved by Dorian L. (Dusty) Nicol (PGeo, chartered geo, FAusIMM) the company's exploration consultant, who is considered, by virtue of his education, experience and professional association, a qualified person as defined by National Instrument 43-101 and the AIM (Alternative Investment Market) rules for companies.

About Galantas Gold Corp.

Galantas Gold is a publicly traded gold company focused on the acquisition, development and advancement of gold assets in stable mining jurisdictions. The company is currently advancing the Indiana gold project in Chile toward production.

The company has also entered into a conditional agreement to acquire the Andacollo Oro gold project in Chile, subject to applicable regulatory and shareholder approvals (see news release dated Jan. 6, 2026). Andacollo Oro is a past-producing gold mine that produced approximately 1.1 million ounces of gold prior to being placed on care and maintenance in 2015. Significant infrastructure and permits remain in place.

Together, the Indiana and Andacollo Oro projects have the potential to form the foundation of a multiasset gold platform in Chile's Atacama region.

Galantas's strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation and responsible development of high-quality mineral assets.

We seek Safe Harbor.