Mr. Hratch Jabrayan reports

GALLOPER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Galloper Gold Corp. has arranged a non-brokered private placement of up to 3,658,537 units of the company at a price of 4.1 cents per unit with strategic investors for aggregate gross proceeds of up to $150,000. Each unit will consist of one common share and one-half common share purchase warrant, with each full warrant exercisable to purchase one common share at a price of five cents for 12 months from the date of issuance.

The company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (CSE). The private placement is subject to approval of the CSE, and all securities issued under the private placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the private placement.

The company intends to use the net proceeds from the private placement for general working capital purposes.

The company will not be proceeding with any further tranches of its previously announced private placement of units at five cents per unit.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the central Newfoundland gold belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island property, where the historical Lucky Smoke gold occurrence was recently expanded through drilling, consists of 532 mining claims totalling 13,300 hectares, while Mint Pond consists of 499 claims totalling 12,475 hectares.

We seek Safe Harbor.