Announcement • May 12
Galantas Gold Corporation announced that it expects to receive CAD 85.0003 million in funding Galantas Gold Corporation has announced a brokered private placement on a best efforts to issue 154,546,000 units at the price of CAD 0.55 per unit for the gross proceeds of CAD 85,000,300 on May 10, 2026. Each Unit will consist of one common share and one half of share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at an exercise price of CAD 0.80 at any time on or before that date which is 24 months from the issuance. The Company has granted the Agent an option, which will permit the Agent to sell up to 27,273,000 additional Units at the Issue Price for additional gross proceeds of up to CAD 15,000,000. Closing of the Offering is expected to occur on May 28, 2026, or such other date as agreed between the company and the agent and is subject to obtaining the required approvals of the TSXV and satisfaction of customary closing conditions. All the securities issued in the offering is subject to a hold period of 4 months and 1 day from date of issuance. Announcement • Mar 18
Galantas Gold Corporation Commences First Drill Program At Indiana Gold Project in Chile Galantas Gold Corporation announced the start of a 5,000-metre diamond drilling program at its Indiana gold project, near Copiapó in northern Chile. The drill program will tighten up the drill spacing and provide geotechnical information as the final steps for the development of the mine plan. The drilling will also test for high-grade gold mineralization at structural intersections and down-dip extensions of the Bondadosa and Flor de Espino gold veins that could potentially expand the resource base while supporting mine planning and development. The planned program comprises 17 drill holes for a total of approximately 5,000 metres. Drill holes are designed to test mineralization to depths of approximately 200 to 350 metres below surface, targeting extensions of the known vein systems. The objectives of the drill program are to: Complete infill drilling in support of the mine plan. Provide geotechnical information for mine planning and design. Test down-dip extensions of the Bondadosa and Flor de Espino gold veins and the potential for higher grade and wider zones of mineralization at the intersection of the two veins. Explore extensions for higher-grade zones associated with cross-cutting structures at the Flor de Espino vein. Indiana is located 40 kilometres from Copiapó at an operating altitude of 1,200 metres, in one of the world’s most prolific mining districts — the copper-gold-silver belt of the coastal cordillera in Chile’s Atacama Region. Indiana is a development stage gold and copper property with limited small-scale historical production, where underground exploration development included drifting along the vein structures and selective extraction of mineralized material encountered during development. The project is envisioned as a selective underground mining operation targeting high-grade gold-copper mineralization initially within the Bondadosa and Flor de Espino vein systems. The property comprises mineral concessions covering approximately 923 hectares. New Risk • Jan 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$105.5m market cap, or US$76.1m). 
