Mr. Mario Stifano reports

GALANTAS ANNOUNCES SHAREHOLDER APPROVAL OF ACQUISITION OF SOL DE ORO AND APPOINTMENT OF CHIEF FINANCIAL OFFICER

At a special meeting of shareholders held earlier today, Galantas Gold Corp. shareholders voted overwhelmingly in favour of the resolution approving the proposed acquisition of all of the issued and outstanding shares of Sol de Oro Mining Ltd. from Robert Sedgemore, which indirectly holds a 100-per-cent interest in the Andacollo gold project. In addition, Galantas shareholders voted in favour of a resolution approving the company's omnibus equity incentive plan. The company is also pleased to announce the appointment of a new non-board chief financial officer, Andreas L'Abbe.

Special meeting results

At the meeting, 370,176,408 Galantas shares, representing 67.322 per cent of the issued and outstanding Galantas shares as at the record date of May 12, 2026, were voted. The transaction resolution was approved by 99.990 per cent of the votes cast by Galantas shareholders present in person or represented by proxy, excluding the votes cast by certain shareholders as required by Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and the policies of the TSX Venture Exchange. The plan resolution was approved by 73.131 per cent of the votes cast by Galantas shareholders present in person or represented by proxy.

Further information regarding the transaction and the plan is contained in the company's management information circular dated May 12, 2026. An electronic copy of the circular is available on Galantas's website and on SEDAR+ under Galantas's profile.

The transaction is expected to be completed later this month, subject to final approval by the TSX-V, and the satisfaction or waiver of certain other closing conditions. Following approval by shareholders at the meeting, the company has adopted the plan, effective immediately.

Appointment of chief financial officer

The company has appointed Mr. L'Abbe as its non-board chief financial officer, effective July 1, 2026.

Mr. L'Abbe is a chartered professional accountant (CPA) and chartered accountant (CA), and brings over 20 years of financial and accounting experience in the mining sector. Most recently, he served as chief financial officer and corporate secretary of Discovery Silver Corp., where he played a key role in its growth and transformation into a mid-tier producer. He has also held senior finance and strategy roles with a number of producing mining companies, including director of finance at Tahoe Resources Inc. and vice-president, finance, at Timmins Gold Corp.

Mario Stifano, president and chief executive officer of Galantas, commented: "We are delighted to have Andreas joining our management team. His extensive experience across operations, financial reporting and controls, mergers and acquisitions, human resources, and ESG will be a valuable asset as we advance toward production in Chile. On behalf of the board of directors, I would also like to thank Alan Buckley for his contributions to the company and wish him continued success in his future endeavours."

About Galantas Gold Corp.

Galantas Gold is a publicly traded gold and copper company focused on the acquisition, development and advancement of gold and copper assets in stable mining jurisdictions. The company is currently advancing the Indiana project in Chile and has entered into a definitive share purchase agreement to acquire the Andacollo gold project through the acquisition of Sol, subject to applicable approvals and closing conditions. Galantas's strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation and responsible development of high-quality mineral assets.

We seek Safe Harbor.