Mr. R. David Russell reports

GALLEON GOLD STARTS UNDERGROUND DEVELOPMENT AT WEST CACHE, ADVANCING THE 86,500-TONNE BULK SAMPLE PROGRAM

Galleon Gold Corp. has commenced underground development at its 100-per-cent-owned West Cache gold project in Timmins, Ont., a key milestone in the company's disciplined, phased strategy to derisk West Cache and advance its planned 86,500-tonne bulk sample.

The box cut and portal ground support are complete, and ramp development has commenced. Underground development is advancing toward the first of four planned bulk sample stopes in Zone No. 9, where recent drilling has confirmed grade continuity below the planned extraction areas.

"West Cache has moved from permitting to surface construction to underground development inside a single year, and every step has been delivered on plan," said David Russell, chairman and chief executive officer of Galleon Gold. "Our objective remains clear: to develop the project, extract the 86,500-tonne bulk sample, and gather the engineering, geological and operational information required to support future mine development. Doing that safely and with our community partners alongside us is how we intend to build this mine."

Galleon Gold will provide further updates as development advances, including ramping, the start of stope extraction and the processing arrangements for the 86,500-tonne bulk sample. Safety, environmental stewardship and operational excellence remain the company's first priorities on site.

Technical content and qualified person

The technical content of this news release has been reviewed and approved by David Young, PE, an independent mining engineer, qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About the West Cache gold project

The West Cache gold project is an advanced-stage gold exploration project covering approximately 11,600 hectares located 13 kilometres west of Timmins, Ont., on Provincial Highway 101. It is situated in the Western Porcupine gold camp along the Destor-Porcupine fault zone within the Abitibi greenstone belt, approximately seven km northeast of Pan American Silver's Timmins West mine. The mining lease area hosts the current mineral resource estimate near the centre, with additional exploration targets to the north and south. The mineral resource estimate is contained within the Porcupine sedimentary basin, a favourable lithostructural corridor with over five km of strike length on the property. Mineralization is open in all directions and at depth.

About Galleon Gold Corp.

Through a disciplined, phased development strategy, Galleon Gold is advancing the West Cache gold project by expanding the resource and progressing an 86,500-tonne bulk sample program designed to derisk and systematically advance West Cache through the next stage of development.

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