21:40:30 EDT Wed 03 Jun 2026
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Galactic Gold Corp
Symbol GGAU
Shares Issued 49,382,778
Close 2026-06-03 C$ 0.285
Market Cap C$ 14,074,092
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Galactic completes survey over Hardrock West

2026-06-03 19:14 ET - News Release

Mr. Kenneth Berry reports

GALACTIC GOLD COMPLETES AIRBORNE VTEM GEOPHYSICAL SURVEY OVER THE HARDROCK WEST PROPERTY

Galactic Gold Corp. has completed an airborne VTEM geophysics survey over the Hardrock West project. Results of the geophysical survey, comprising approximately 2,400 kilometres of survey coverage, will be compiled with the company's phase 1 district-scale targeting study to identify and confirm high-priority drill targets on the Hardrock West claim block. Galactic Gold's 100-per-cent-owned Hardrock West property in Northwestern Ontario is on strike with mine horizons from Equinox Gold's Greenstone gold mine approximately 10 kilometres to the west.

Chief executive officer Ken Berry commented: "The completion of our property-wide geophysical survey has validated our preliminary exploration model and identified several high-priority target areas for the upcoming summer field program. When integrated with our historical drill database and phase 1 targeting study, these results highlight the exceptional scale, continuity and prospectivity of the Hardrock West land package.

"By applying modern exploration techniques and developing a unified geological model across what was historically a fragmented and independently explored district, we have achieved a level of district-scale interpretation that, to our knowledge, has not previously existed. Situated adjacent to a major gold-producing operation, Galactic is leveraging a proven exploration framework within a highly endowed geological system. We believe this positions the company to unlock significant value and establish itself as a compelling gold exploration story in 2026."

Results from the total magnetic intensity and electromagnetic surveys completed by Geotech Ltd. will be used to prioritize key structural corridors and conductive horizons that may host gold mineralization across the property. The surveys have generated a high-resolution, levelled geophysical data set covering the entire project area, providing an important foundation for future exploration.

The primary objectives of the surveys are to identify and prioritize basement conductors and magnetic features, characterize lithological and structural variations, and refine high-priority diamond drill targets for the 2026 exploration program. The integration of these data sets with historical drilling and geological information will support the development of a comprehensive exploration model and enhance targeting efficiency across the project.

The continuing phase 1 data compilation program is focused on digitizing more than 600 drill holes, 200 channel samples, over 2,000 surface grab samples and georeferencing historical maps across the Hardrock West project area. The diamond drill database has prioritized historical gold assays, base metal results and geochemical pathfinder elements to support the evaluation of mineralized horizons for the planned 2026 drill campaign.

The primary objective of the 2026 drill program is to delineate gold resources in areas containing significant historical drill intercepts by testing key lithological, structural and mineralized corridors. This work is a critical step toward establishing a comprehensive mineral systems framework and integrated exploration model for the project, providing the foundation for future resource growth and exploration targeting.

Research from Laurentian University's Metal Earth initiative has identified major crustal-scale structures extending through the property, supporting the presence of an orogenic gold system. Contiguous with a major gold producer, Hardrock West benefits from established infrastructure and a well-endowed geological environment.

Galactic Gold's multiyear exploration strategy includes near-term diamond drilling on four priority target areas: the recently acquired Sturgeon Bridge claims, the Kowalski Lake area, the Salomon's Pillars area, and the Angle & Watson Lake area. Drill permit applications have been prepared for the Ministry of Energy and Mines and will support the company's efforts to expand known zones of historical gold mineralization across the property.

The company has also filed applications for the Ontario junior exploration program 2026-2027. This program is on a first come basis, and funds are for up to $200,000 in exploration expenditures, subject to approval.

Qualified person

Jason Arnold, PGeo, president of DCX Geological Consulting, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release. Mr. Arnold is a consultant of the company and is not independent of the company within the meaning of National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mineralization hosted on adjacent and/or nearby properties, particularly with respect to neighbouring mineral reserves/resources, is not necessarily indicative of mineralization that may be hosted on the company's property.

About Galactic Gold Corp.

Galactic Gold is a resource development company focused on unlocking the full potential of its 100-per-cent-owned Hardrock West property, located in the top-tier mining jurisdiction of Ontario. Galactic Gold is positioned between Equinox Gold greenstone mine and Equinox's Brookbank deposit along what Laurentian University in its Metal Earth Research has identified orogenic superstructures across the Galactic gold property underscoring the project's strong value creation potential.

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