Mr. Hratch Jabrayan reports

GALLOPER GOLD ANNOUNCES PROPOSED DEBT SETTLEMENT

Galloper Gold Corp., subject to regulatory approval, intends to complete a debt settlement by the issuance of one million common shares at a deemed price of 6.5 cents per share to settle debts owing pursuant to past management services provided to the company for a total amount of $65,000 (excluding goods and services tax).

The shares issued in connection with the debt settlement will be subject to a statutory hold period of four months following the closing of the debt settlement in accordance with applicable securities legislation.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the central Newfoundland gold belt with its flagship Glover Island property, 24 kilometres southeast of Corner Brook, and its Mint Pond prospect in the Gander area. Galloper recently completed the first diamond drilling program at Glover Island since 2012, completing six holes with results pending.

We seek Safe Harbor.