Mr. Mario Stifano reports

GALANTAS GOLD INTERSECTS 71 METERS AT 0.76 G/T GOLD IN ITS FIRST DRILL HOLE AT ANDACOLLO GOLD

Galantas Gold Corp. has released positive results from its first drill hole at the Andacollo gold project in Chile. The continuing 15,000-metre drill program, currently with two rigs, is designed to increase confidence in the mineral resource, provide infill drilling for the mine plan under development and test new exploration targets. The first hole (AN26001) was drilled in the Tres Perlas pit area and had the objective of increasing confidence in the manto-hosted gold resource. Gold and total copper assays have been received while soluble copper and cyanide-soluble copper assays are still pending.

Highlights:

• Significant gold intersections in hole AN26001 were as follows:
  • 71 metres at 0.76 gram per tonne gold (g/t Au) from 50 m to 122 m, including 10 m at 3.15 g/t Au, which in turn included three m at 6.68 g/t Au;
  • 17 m at 0.52 g/t Au from 145 m;
  • 18 m at 0.91 g/t Au from 213 m, including three m at 3.24 g/t Au;
  • 18 m at 0.63 g/t Au from 298 m.
• Gold mineralization in mantos: These mineralized intercepts represent manto mineralization hosted in volcanic rocks, typical of the gold mineralization comprising the Andacollo gold mineral resource. The higher-grade zones appear to be related to primary mineralization in the mantos themselves and not related to postmanto structures, as is observed in other parts of the Andacollo gold mineral resource. This suggests potential lateral continuity and therefore tonnage potential for these higher-grade zones.
• Copper values: Copper values in the gold-mineralized intervals are low, as expected, which bodes well for heap leaching. This drill hole did not target the chalcocite blanket that is postulated to extend from Teck's adjacent Carmen de Andacollo porphyry copper deposit.
• Resource confidence: AN26001 was drilled in the inferred resource area of the Tres Perlas pit. These drill results add confidence to this portion of the mineral resource.

Mario Stifano, the company's chief executive officer, commented: "We are very encouraged by the results from our first drill hole at Andacollo gold. The 71-metre intercept at well above average resource grade adds further confidence to the current mineral resource. The multiple zones of higher-grade mineralization in manto mineralization, as opposed to in crosscutting structures, gives us confidence that we will be able to identify more zones of higher-grade mineralization for inclusion in the mine plan that is currently being developed. In addition, the low copper values in this drill hole bode well for gold heap leaching. The ongoing program will also test for copper mineralization on the Andacollo gold project."

Drill hole AN26001

The infill results (see table below) confirm gold mineralization in the inferred resource at the Tres Perlas pit area.

Sampling and QA/QC (quality assurance/quality control)

Drill core was logged, split and sampled at site by company personnel. Samples were submitted to Bureau Veritas, a certified laboratory in Santiago, Chile. Samples were analyzed using fire assay/atomic absorption for gold, with gravimetric assay for samples exceeding five g/t Au; atomic absorption for total copper and total silver; and 36-element ICP-OES using total digestion (four-acid digestion). The company's analytical protocol includes appropriate QA/QC procedures, including insertion of certified standards, blanks and duplicates.

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 senior vice-president, exploration, 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.

The mineral resource referred to in this announcement is the mineral resource estimate for the Andacollo gold project reported in the technical report titled "Mineral Resource Estimate Update Andacollo Oro Gold Project, Coquimbo Region, Chile," dated May 4, 2026, with an effective date of Feb. 1, 2026, prepared by DRA Americas Inc. in accordance with NI 43-101 and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards.

About Galantas Gold Corp.

Galantas Gold is a publicly traded gold and copper company focused on the acquisition, development and advancement of gold and copper assets in stable mining jurisdictions. The company is currently advancing the development of the Andacollo gold project and exploration at Indiana, both projects located in Chile. 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.

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