Mr. R. David Russell reports

GALLEON GOLD INITIATES UPDATED PRELIMINARY ECONOMIC ASSESSMENT FOR WEST CACHE, ENGAGES HARD ROCK CONSULTING

Galleon Gold Corp. has engaged Hard Rock Consulting LLC to support the preparation of an updated preliminary economic assessment (PEA) for the company's 100-per-cent-owned West Cache gold project in Timmins, Ont.

The updated PEA is expected to incorporate the drilling, geological interpretation and technical work completed since the company's maiden PEA and mineral resource estimate (effective date of Jan. 10, 2022), including the 2026 drilling that has extended zone No. 9 to more than 500 metres of vertical extent. Hard Rock's work will focus on updating the geological model, resource classification and technical database that underpin the evaluation of development scenarios at West Cache. Together with the selected mining method and the geotechnical and metallurgical data expected from the 86,500-tonne bulk sample program now under way at West Cache, this work is designed to strengthen the project's technical foundation and support future feasibility-level studies and development decisions.

"Engaging Hard Rock is an important step in bringing the economics of West Cache up to date with everything we have learned since 2022," said David Russell, chairman and chief executive officer of Galleon Gold. "Our drilling since the last PEA has continued to build our confidence in the scale and continuity of the deposit, particularly at zone No. 9. An updated PEA will capture that progress, sharpen our view of the development opportunity and give investors a current measure of the value we are building at West Cache."

Technical content and qualified person

The technical content of this news release has been reviewed and approved by Leah Page, PGeo, vice-president, exploration, and a qualified person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Hard Rock Consulting LLC

Hard Rock is an independent consulting practice providing multidisciplinary technical expertise to mineral resource projects at every stage of development, from exploration through postclosure, worldwide. The firm brings extensive knowledge, experience and commitment to every project it undertakes, regardless of size or scope.

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 kilometres 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 litho-structural corridor with over five kilometres 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.

We seek Safe Harbor.