Mr. R. David Russell reports

GALLEON GOLD PROVIDES CORPORATE AND OPERATIONAL UPDATE

Galleon Gold Corp. has provided a corporate and operational update.

West Cache surface development

Surface development activities continue to advance on schedule:

• The company has received its Category 2 permit to take water, governing freshwater supply requirements for project operations. Earlier this month, the company received the Category 3 PTTW governing surface and groundwater resources.
• Hydro line installation is substantially complete, marking a key milestone toward full site electrical readiness. Final connection and energization are anticipated in early April.
• Box cut overburden removal is progressing as planned, with berm core construction and drainage systems established. Excavation of the box cut will establish the portal location for ramp access for underground mining construction.
• The temporary water treatment system has been completed, with commissioning under way.
• A request for proposal has been issued for underground mine development and stoping services.

West Cache exploration drilling

The company's exploration drilling program is under way with early holes targeting extensions of known high-grade zones or trends both within and adjacent to the current resource envelope. Assay results will be reported as they are received and validated.

Appointment of vice-president, exploration

The company is pleased to announce the appointment of Leah Page as vice-president, exploration. Ms. Page has been with Galleon Gold and its wholly owned subsidiary, Explor Resources Inc., since 2020, most recently serving as project manager and qualified person for the West Cache gold project. In this role, she led the planning and execution of more than 50,000 metres of diamond drilling, managed multirig exploration programs in support of the company's preliminary economic assessment and bulk sample, and oversaw permitting-related technical studies. She led the team responsible for the discovery of Zone 9.

With additional experience in advanced permitting, community engagement, contractor management and exploration program design across North America, she brings strong technical leadership, operational discipline and continuity to Galleon Gold's advancement of the West Cache gold project. Her appointment supports the company's focus on disciplined resource growth and execution of its near-term development objectives. She holds a bachelor of science (earth sciences) from Dalhousie University in Halifax, N.S.

Appointment of executive vice-president, strategy and corporate development

The company announces the promotion of Lisa Buchan to executive vice-president, strategy and corporate development. Ms. Buchan was instrumental in the formation of Galleon Gold and has been acting as vice-president of corporate development since 2019. In that capacity, she has advanced the company's strategic priorities, including capital-raising initiatives, corporate structuring, and the development of key stakeholder and investor relationships. She has also contributed to the advancement of the West Cache project, supporting permitting, project planning and the coordination of development activities. She holds a bachelor of science (honours) in chemical engineering from Queen's University and an MBA from York University.

Technical content and qualified person

The technical content of this news release has been reviewed and approved by Ms. Page, PGeo, vice-president, exploration, a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About the West Cache gold project

The West Cache gold project is an advanced-stage gold exploration project covering approximately 11,600 hectares located 13 kilometres west of Timmins, Ont., on Provincial Highway 101. It is situated in the Western Porcupine gold camp along the Destor-Porcupine fault zone within the Abitibi greenstone belt, approximately seven kilometres northeast of Pan American Silver's Timmins West mine. The mining lease area hosts the current mineral resource estimate near the centre, with additional exploration targets to the north and south. The mineral resource estimate is contained within the Porcupine sedimentary basin, a favourable lithostructural corridor with over five kilometres of strike length on the property. Mineralization is open in all directions and at depth.

About Galleon Gold Corp.

Galleon Gold is advancing the West Cache gold project with a disciplined, derisking strategy centred on resource growth and a coming 86,500-tonne bulk sample program, positioning the company to unlock long-term shareholder value.

We seek Safe Harbor.