Mr. R. David Russell reports

GALLEON GOLD ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

All resolutions presented at the annual and special meeting of shareholders of Galleon Gold Corp., held on May 20, 2026, were duly approved by shareholders.

At the meeting, shareholders elected the following directors to serve for the ensuing year: R. David Russell, Thomas Kofman, James T. O'Neil Jr., Mario Colantonio, Michael Hobart and Richard F. Nanna.

Gerhard Merkel did not stand for re-election and will transition to an advisory role with the board of directors. The board would like to thank Mr. Merkel for his many years of dedicated service and valuable contributions as a director of the company.

At the meeting, disinterested shareholders were asked to consider an ordinary resolution approving the potential issuance of up to 27,152,777 common shares on the exercise or conversion of certain warrants and a convertible debenture held by Pan American Silver Corp. which would result in the creation of a new control person. Of the votes cast at the meeting in person or by proxy by disinterested shareholders, 99.8 per cent were cast in favour of the control person resolution. All votes attached to the 19,824,766 common shares held by Pan American were excluded in determining whether the control person resolution was approved.

Shareholders also approved resolutions to reappoint Grant Thornton LLP as the independent auditor of the company and for the continuation of the company's stock option plan.

Canadian Mining Expo in Timmins

The company will be attending the Canadian Mining Expo (CME) in Timmins, Ont., from June 10, 2026, to June 11, 2026, at the McIntyre complex. Please drop by the booth if you are attending the conference.

About Galleon Gold Corp.

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

We seek Safe Harbor.