Mr. Frank Lagiglia reports

GALACTIC GOLD ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$2 MILLION

Galactic Gold Corp. has closed the second and final tranche of its previously announced non-brokered private placement of common shares in the capital of the company originally announced on April 7, 2026. The first tranche of the private placement closed on April 29, 2026.

Under the second tranche, the company issued 1.08 million common shares at a price of 25 cents per share, for gross proceeds of $270,000.

Combined with the first tranche, the company issued a total of 8.23 million common shares under the private placement, for gross proceeds of $2,057,500.

All securities issued under the private placement are subject to a statutory hold period of four months, in accordance with applicable Canadian securities laws. In connection with the second tranche, the company paid cash finders' fees of $1,500 to certain eligible finders on a portion of the private placement, in accordance with the policies of the TSX Venture Exchange. The private placement remains subject to final acceptance of the TSX Venture Exchange.

Certain insiders of the company participated in the offering and subscribed for an aggregate of 240,000 common shares for gross proceeds of $60,000. Such participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the securities issued to, nor the consideration paid by, such insiders exceeds 25 per cent of the company's market capitalization.

The company intends to use the proceeds from the private placement for exploration activities related to the Hardrock West property, working capital and general corporate purposes.

About Galactic Gold Corp.

Galactic Gold is a resource development company focused on unlocking the full potential of its 100-per-cent-owned Hardrock West property, located in the top tier mining jurisdiction of Ontario. Galactic Gold is positioned between Equinox Gold greenstone mine and Equinox's Brookbank deposit along what Laurentian University in its metal earth research has identified super structures across the Galactic gold property underscoring the project's strong value-creation potential.

We seek Safe Harbor.