Announcement • Aug 11
Galantas Gold Corporation Expands Indiana Drill Program to 12,500 Metres Galantas Gold Corporation announced an update on the ongoing exploration program at its Indiana gold-copper project near Copiapó, Chile. To date, the Company has drilled 5,060 metres of a planned 5,000-metre program. The visual results of potential disseminated style mineralization and the resulting potential exploration targets warrants an expansion of the drill program to 12,500 metres, which will be funded from the Company's current cash position. The drill program at Indiana is designed to test for extensions of known mineralization along strike and down-dip at the Bondadosa and Flor de Espino veins, new mineralized structures not exposed at surface, high-grade mineralization at structural intersections, and provide confirmatory grade and geotechnical information for underground mine design. Twelve exploration drill holes totaling 4,852 metres and one infill drill hole of 208 metres at the Flor de Espino vein have been completed to date. Very few assays have been received due to a combination of back-up in the laboratory and flooding with subsequent loss of electric power due to heavy rains in the Coquimbo region of Chile. The Company is taking steps to remedy these delays, including sending samples to different certified laboratories in Chile, and will report assay results as soon as they are available. Visual sulphide mineralization in drill core, trenches and outcrops indicates potential for new styles of mineralization in addition to the vein-hosted mineralization hosting the current mineral resource, which may expand the target concept(s) at Indiana. For the first time at Indiana, disseminated sulphide mineralization, including molybdenite, has been recognized in drill core. The significance of this disseminated mineralization is being assessed, as is the significance of the hypogene (primary) chalcocite and bornite associated with intense alteration. Surface exploration has identified new targets in a large land package of approximately 8 km by 10 km within a major IOCG belt which is expected will merit drill testing. In the absence of assays, visually observed mineralization is not necessarily an indication of significant grade or of economic mineralization. Widths are reported as drilled. True widths are unknown. Twelve of the 13 drill holes completed to date intersected the Bondadosa or Flor de Espino veins within metres of targeted depth. The only one that did not was Drill Hole IN26009, which targeted the Bondadosa vein. As these veins commonly pinch and swell, it is assumed that this drill hole simply intersected a zone where the vein was pinched. Visual evidence in the recognized veins comprises visible sulphide mineralization (pyrite and chalcopyrite) usually associated with magnetite, over drilled widths similar to the vein mineralization comprising the current mineral resource. In addition, 12 new visually mineralized structures have been identified in 10 of the drill holes completed to date, each displaying pyrite and chalcopyrite (+/- magnetite) mineralization in discrete and identifiable structures. Some of these structures may have been intersected in more than one drill hole but their geometry is not yet fully understood. Assay results have not been received to indicate potential grade. In addition to the vein-hosted mineralization, for the first time at Indiana, disseminated sulphide (pyrite and chalcopyrite) mineralization has been recognized in intrusive and volcanic rocks near their contact. Two such intervals have been identified: At Drill Hole IN26008 over 26.2 metres (from 500.4 to 526.6 metres) and in IN26014 over 4.25 metres (from 216.0 to 220.25 metres). True widths are unknown and until assay results are received, grades are unknown. In Drill Hole IN26010, significant disseminated molybdenite was observed in intrusive rock over a drilled width of about one meter in two locations, at 306.5 metres and at 329.5 metres. Announcement • Aug 09
Galantas Gold Corporation Announces Resignation of Brendan Morris as Chief Operating Officer Galantas Gold Corporation announced that Mr. Brendan Morris, Chief Operating Officer, has resigned from the Company to pursue other opportunities. Mr. Morris will remain a consultant for Galantas Gold. A replacement Chief Operating Officer will be appointed in due course, at which time a further announcement will be made. Announcement • Aug 08
Galantas Gold Corporation Secures Key Permitting Approvals for Andacollo Gold Project Galantas Gold Corporation announced that Chile's National Geology and Mining Service, the Servicio Nacional de Geología y Minería ("SERNAGEOMIN"), has issued approvals relating to the operational restart of the Company's Andacollo Gold project (the "Project") in Chile's Coquimbo Region under its previously authorized operating configuration. The approvals allow Galantas to resume operations under the previously approved mine design, waste-disposal configuration, heap-leach facilities, operating parameters and safety conditions. The authorized operating period extends for four years from the commencement of mineral extraction, or until the applicable remaining authorized tonnage or capacity is reached, whichever occurs first. The reactivation application relating to Resolution No. 1242/2015 covers the botadero de ripios (leach waste dump), which will receive spent material removed from the dynamic heap-leach circuit. The application is currently under review, and the Company expects approval in the coming weeks. Based on the planned operating sequence, the Company does not expect this remaining approval to delay the commencement of mining, crushing, initial stacking, leaching or gold recovery. In March 2026, Chile's Environmental Assessment Service confirmed that the Project's existing environmental authorization applies for a four-year operating period beginning with the commencement of mineral extraction from the Project's pits and mines. The Project's closure-related financial assurance consists of a standby letter of credit and a first-demand mine-closure insurance policy with an aggregate value of USD 3.5 million. The insurance component was issued in favour of SERNAGEOMIN in connection with the guarantee amount established under Exempt Resolution No. 1984/2022. As part of normal operational planning, the Company expects to apply in advance for the extensions or modifications required to support continued operations beyond the current authorized period as well as a Phase II operational expansion to 40,000 tpd. Any expansion would require completion of the applicable technical and environmental studies and receipt of new or modified permits. The Company continues to advance engineering, procurement, infrastructure rehabilitation, contractor planning and operational-readiness activities at Andacollo Gold. The Company also continues to prioritize local employment, contractor participation, training and procurement opportunities in the town of Andacollo and is working with authorities and community stakeholders to support an orderly and responsible restart. The Company has not made a production decision in respect of the Project. Any decision to restart production will be subject to, among other things, completion of further technical, operational and financial review, availability of financing, completion of installation, rehabilitation and commissioning activities, receipt of any remaining approvals required at the relevant time, and formal approval by the Company's board of directors. 
