Announcement • Jul 15

Galleon Gold Announces Drill Results From Extension Of Zone #9 At West Cache Gold Project

Galleon Gold announced drill results from its newly discovered extension of Zone #9 at its 100%-owned West Cache Gold Project in Timmins, Ontario. The results extend Zone #9 mineralization 360 metres down-plunge (350 metres down-dip) from the planned bulk sample stopes to a vertical depth of 500 metres and trace the mineralized corridor further in the direction of the high-grade West Deep zone discovered in 2010. WC-26-238: 2.03 g/t Au over 23.25 m, including 6.01 g/t Au over 4.05 m - located 60 m down-dip and 45 m west of WC-26-237 (16.07 g/t Au over 9.25 m), confirming continuity between recent and historic drilling. WC-26-240: 2.61 g/t Au over 12.0 m, including 3.32 g/t Au over 9.0 m - approximately 200 m down-dip of the planned bulk sample stopes. WC-26-236: extends the strike length of this deeper extension of Zone #9 to over 125 m, and vectored the subsequent drilling. Zone #9 remains open in all directions, with approximately 200 m of up- and down-plunge length still untested. The WC-26-238 intercept is located approximately 60 metres down-dip and 45 metres west of WC-26-237, which returned 16.07 g/t Au over 9.25 metres. Hole 238 was designed to test the elevation between, and to the west of, WC-26-237 and historic hole TPW-15-120, drilled by Teck Resources in 2015, which returned 4.85 g/t Au over 4.6 metres. By intersecting mineralization 75 metres deeper on the projected plunge from Hole 237, WC-26-238 materially improves confidence in the continuity and geometry of the Zone #9 mineralized system, and further links historic and recent drilling. The Company also announces results from hole WC-26-236, located approximately 75 metres east of, and at a similar elevation to, high-grade hole WC-26-237. The hole extends the known strike length of this deeper extension of Zone #9 to over 125 metres, returning 0.59 g/t Au over 11.3 metres, and 0.95 g/t Au over 4.07 metres in the hanging wall. Although drilled off the interpreted plunge, the visually distinctive Zone #9 mineralization encountered in the hole has proven valuable in vectoring subsequent drilling and refining the interpretation of the mineralized system. The results further suggest that Zone #9 is a large and laterally extensive structure capable of hosting higher-grade shoots within a broader mineralized envelope that may have significant dip/plunge potential, consistent with many other gold deposits in the Timmins camp. Hole WC-26-240 was drilled 75 metres up-dip and 25 metres east of Hole WC-26-237, and approximately 200 metres down-dip from the planned bulk sample stopes. The hole returned consistent grade over meaningful width, with 2.61 g/t Au over 12.0 metres, including 3.32 g/t Au over 9.0 metres. Results from the ongoing drilling to better define the high-grade plunge of Zone #9 will be released as they are received and reviewed. The developing shoot around the intercept in WC-26-237 is open in all directions with approximately 200 meters of up- and down-plunge length remaining untested. Zone #9 and the West Deep zone, discovered in 2010, have historically been drilled and interpreted as separate targets. The 2026 program has now traced Zone #9 mineralization down-plunge to a vertical depth of 500 metres, in the direction of the West Deep, progressively closing the gap between the two systems. The Company cautions that the two zones have not been demonstrated to be continuous, and further drilling is required. If continuity is established, the combined system would represent a substantially larger mineralized corridor than either zone considered on its own, with direct implications for resource growth and future mine planning at West Cache. Table 1 outlines the composited assay intervals and true thickness estimation for the three intercepts reported. Assay Results: WC-26-238: From 561.00 m to 584.25 m, Length 23.25 m, True Thickness 21.86 m, Au 2.03 g/t, including 559.85 m to 570.10 m, Length 10.25 m, True Thickness 9.64 m, Au 3.61 g/t, including 564.15 m to 570.10 m, Length 5.95 m, True Thickness 5.59 m, Au 5.24 g/t, including 564.15 m to 568.20 m, Length 4.05 m, True Thickness 3.81 m, Au 6.01 g/t, including 564.15 m to 566.20 m, Length 2.05 m, True Thickness 1.93 m, Au 10.13 g/t. WC-26-240: From 508.00 m to 520.00 m, Length 12.00 m, True Thickness 11.95 m, Au 2.61 g/t, including 511.00 m to 520.00 m, Length 9.00 m, True Thickness 8.96 m, Au 3.32 g/t. WC-26-236: From 533.00 m to 544.30 m, Length 11.30 m, True Thickness 10.92 m, Au 0.59 g/t, including 535.00 m to 538.08 m, Length 3.08 m, True Thickness 2.98 m, Au 1.20 g/t, hanging wall 523.50 m to 527.57 m, Length 4.07 m, True Thickness 3.93 m, Au 0.95 g/t, footwall 544.30 m to 553.00 m, Length 8.70 m, True Thickness 8.40 m, Au 0.32 g/t. The technical content of this news release has been reviewed and approved by Leah Page, P.Geo, Vice President, Exploration and a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Quality Control and Assurance procedures and protocols are executed to ensure sampling and analysis of all exploration work is conducted in accordance with best practices. Core produced at the West Cache Property is delivered to the Company's Timmins logging facility by the drill contractor with all logging, cutting, labeling, and bagging completed under supervision of Qualified Geologists. NQ sized core is predominantly sawn in half with one half of the core prepared for shipment, while the other half is retained for future assay verification. Core samples are transported from the Company's Timmins logging facility to AGAT Laboratories in Thunder Bay, Ontario for both prep and 30g fire assay analysis. Results are reported in batches of 60-72 samples and average 4-5 QC samples per certificate. Commercially prepared certified reference material and duplicate samples are inserted at an average rate of 6% to 8%. At least one blank, standard and duplicate (pulp or coarse) is inserted for every 50 samples and additional QC samples are inserted at the Geologist's discretion. All samples reported have been checked against the Company's internal, and the Lab's, quality control samples.

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