Mr. David Russell reports

GALLEON GOLD ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Subject to regulatory approval, Galleon Gold Corp. has engaged the services of ICP Securities Inc. (ICP) to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the company and ICP is for an initial term of three months and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market making activities.

ICP Securities Inc.

ICP Securities (ICP) is a Toronto-based IIROC (Investment Industry Regulatory Organization of Canada) dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Galleon Gold Corp.

Galleon Gold is an advanced exploration and development company focused on the West Cache gold project in Timmins, Ont. The West Cache gold project is located seven kilometres northeast of Pan American Silver's Timmins West mine and 14 km southwest of Newmont's Hollinger mine. A 2022 preliminary economic assessment (PEA) for the project demonstrates strong economics, accordingly the company is permitting for an 86,500-tonne underground bulk sample.

We seek Safe Harbor.